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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Worsening Factory-Gate Deflation in China as Trade War Bites 05/11/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Economics

No Deal On US-China Trade Till 2020 US Presidential Election: Goldman Sachs

It is not likely that the United States and China would end their trade war and come to an agreement on a trade deal before the November 2020 US presidential election, said Goldman Sachs. The US lender said this prediction was based on the “harder line” on the issue that was being adopted by policy...

Analysts Say If China Buys Iranian Oil, Crude Prices Could Drop By $30

Predictions by the Bank of America Merrill Lynch (BofA) estimated that if Iranian oil is bought by China as a measure to retaliate to the latest United States tariff measures, the price of a barrel of crude oil could drop by as much as $30. “While we retain our $60 a barrel Brent forecast...

Central banks, professional investors are increasing demand for gold

According to GFMS Refinitiv estimates, in the first half of 2019 there was a noticeable decline in demand for gold. However, this has not affected the price; gold quotes continued steady growth, gaining a foothold by the middle of the year above the level of $ 1,400 per troy ounce. Demand is...

Indian Auto Sector Woes Accorded To The Country’s Shadow Banking Crisis

The Indian auto sector is going through its biggest slump in nearly two decades with dealerships are being pushed out of business across India. In June marked the eight straight month of a drop in sale of passenger vehicles while there was a monthly drop of 20.55 per cent in May this year which is...

Following New Tariffs, Trump Defends His Tariff Policy

‘Things are going well with China’, said the United States President Donald Trump on Saturday referring to his most recent announcement of imposition of fresh import tariffs of 10 per cent on Chinese goods worth $300 billion. Trump insisted that the additional import tax on products imported from...

Agreement With EU For Greater American Beef Export Signed By Trump

The United States has come to an agreement for greater exports of American beef to the European Union. This was announced by US President Donald Trump on Friday. The agreement was signed by Trump at an event at the White House in the presence of a US trade officials and representatives...

Trump Escalates Trade War, Announces New China Tariffs

Amidst an environment of restarting of trade negotiations between the United States and China, US president Donald Trump has announced imposition of another tariff – this time a 10 per cent tariff on Chinese goods worth $300 billion. The new tariffs are slated to be imposed from September 1....

Toughest Challenge Since 1970s Stare At British Auto Industry

The biggest challenge starts at the face of the British since the 1970s. In the first half of the year, the production of auto in the UK has fallen by about a fifth while there has been a 70 per cent drop in investments because of siphoning of funds to prepare for Brexit contingency plans...

Warning To Japan Of Not To Drop It From Its 'White List' On Trade Issued By South Korea

South Korea would be forced to review and rethink its military cooperation with Japan, both key allies of the United States in Asia, if Tokyo ultimately implements its plans to remove Seoul from its "white list" of trusted trade partners, South Korea said in a warning to Japan. A...

Investments in the UK car sector fall by more than 70% due to Brexit risk

Investments in the UK car sector fell by more than 70% in the first half of the year due to fears about Brexit, the British Society of Motor Manufacturers and Traders (SMMT) reported. The volume of investments in the first half of 2019 decreased to ‎£ 90 million ($ 109.5 billion) as compared with...