WASHINGTON: The number of Americans filing for jobless benefits inched up modestly last week as business continue to retain staff despite economic uncertainty around U.S. trade policy. The Labor Department reported Thursday that jobless claims for the week ending July 26 ticked up by 1,000 to 218,000, less than the 225,000 new applications analysts forecast. … Read more
Beijing is “evaluating” an offer from Washington to hold talks over U.S. President Donald Trump’s crippling tariffs, China’s Commerce Ministry said on Friday, signalling a potential de-escalation in the trade war that has roiled global markets. The United States has approached China to seek talks over Trump’s 145% tariffs and Beijing’s door was open for … Read more
Ramesh Damani, Member, BSE, says like Lyndon Johnson on Vietnam, Donald Trump will just declare victory in the next couple of weeks and then change all the policies that he has introduced, saying that, oh, my policies have been achieved, everyone has come to the negotiating table, everyone is scared of America. He will declare … Read more
Pashupati Advani, Founder, Global Foray, says we will see positive surprises in companies which have a lower tariff than people expect. The second thing that will happen is if there is any kind of misbalancing and arbitrage opportunity in the tariffs, companies that are able to take advantage of that will be winners. Whoever moves … Read more