“They want to come costly, but we tell them come cheap, at least you can raise money comfortably. So, if they want to raise money at reasonable valuation, there is a lot of money available in India at this point of time,” says S Naren, ED & CIO, ICICI Prudential AMC. When we spoke to … Read more
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department … Read more
The way President Donald Trump sees it, beating China in a trade war should be easy. After all, his logic goes, the Chinese sell Americans three times as much stuff as Americans sell them. Therefore, they have more to lose. Inflict enough pain, like the combined 145% taxes he slapped on Chinese imports last month, … Read more
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other’s goods at an all-time … Read more
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the country to the brink of chaos. Then a month ago, as a new government was still working to steady Bangladesh’s economy, came the devastating news that the United States was placing … Read more
President Xi Jinping will use his state visit to Moscow this week to showcase his tight ties with Russian counterpart Vladimir Putin, and capitalize on a trade war that’s isolating Washington.During his four-day trip starting Wednesday, Xi will hold his first in-person talks with President Putin since Donald Trump unleashed America’s highest tariffs in a … Read more
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of the world like President Donald Trump has done with his tariffs that roiled global markets.. “It’s a big mistake in my view when you have 7.5 billion people who don’t … Read more
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.The decision was announced last month, with the White House calling it a “critical step in … Read more
Ryanair would look for an alternative aircraft supplier if U.S. tariffs materially affect the price of planes it has ordered from Boeing, chief executive Michael O’Leary said in a letter on Thursday, adding that he would consider Chinese planemaker COMAC. “If the US government proceeds with its ill-judged plan to impose tariffs, and if these … Read more
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. And the higher costs … Read more