Category Archives: Markets

US imposes visa restrictions on Chinese officials over Tibet 

Move follows similar efforts by Trump administration over Xinjiang and HK policies

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Last resort: Here’s how RBI may fund govt’s need for more money, with fiscal deficit at 7% 

India’s government is running out of options to fund its budget and may soon have to knock on the central bank’s door once again for support.

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Optimistic That India Will Bounce Back With Vengeance, Green Shoots Emerging – Amitabh Kant, CEO, NITI Aayog 

“We are already witnessing emergence of green shoots in the economy. We are seeing that key sectors like FMCG, etc. have already come back. I am optimistic that we will bounce back with vengeance” Mr Kant said addressing a session on ‘Role of the Creative Economy in Nation Building’. He further said that India must identify 12-13 sectors […]

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Uber to launch London commuter boat service with Thames Clippers 

US firm will buy naming rights for fleet and piers, and users can book journeys on its appUber is to extend its reach in London by taking to the water, with the Thames Clippers commuter service to be rebranded Uber Boat and bookable through the US company’s app.A formal partnership will be launched this summer, allowing Uber users to book a Thames river jour […]

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British grocers reject U.S. chlorine-washed chicken as row over welfare standards deepen 

Several of the U.K.’s leading grocers have vowed never to sell chlorine-washed chicken and hormone-injected beef as the U.K. negotiates a free-trade agreement with th U.S.

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World Bank Provides $400 Million To Enhance Support For Rejuvenating The Ganga 

The World Bank and the Government of India signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river. The Second National Ganga River Basin Project will help stem pollution in the iconic river and strengthen the management of the river basin which is home to more than 500 million people. The $400 milli […]

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China warns the UK ‘had better ask its people if they agree to let 3million Hong Kong people in’ 

The Chinese Ministry of Foreign Affairs called on No. 10 to ‘think twice’ before making a final call to help up to three million British National Overseas (BNO) passport holders relocate from Hong Kong.

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After EPA Approves Lysol To Clean Coronavirus From Surfaces, 3 Reasons To Buy Reckitt Benckiser Stock 

Following EPA approval to use it to kill Coronavirus on hard surfaces, invest in Lysol-maker Reckitt Benckiser

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Markets slide as EC predicts deeper eurozone recession – business live 

Rolling coverage of the latest economic and financial news, as the EC warns that the eurozone will shrink by 8.7% this yearLatest: EC slashes GDP forecasts after lockdownUK house prices drop for fourth month runningIntroduction: China stock market hits five-year highMarkets heading back to 2015 levels…but is it a bubble?European markets are down 1% 3.46pm […]

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Fed’s Bostic reportedly says U.S. recovery may be ‘leveling off’ 

Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.

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China’s forex reserves expand in June to over USD 3 trillion 

Wang said the uptick in the scale of forex reserves is affected by multiple factors, including exchange rates and changes in asset prices.

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Nigeria: Govt to Close Third Mainland Bridge for Six Months 

[This Day] The Federal Controller of Works in Lagos, Mr. Olukayode Popoola, has said the federal government will close the Third Mainland Bridge, Lagos to traffic for six months, beginning from July 24 to enable the government to undertake maintenance work on the surface.

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Passenger plane ‘dropped 18,300 feet as windscreen cracked’ 

The crew were forced carry out the drastic response after a windscreen cracked nearly half an hour after take-off. The aircraft successfully landed in Chongqing just past midnight.

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Dollar rises above ¥107.60 in Tokyo trading 

The dollar rose above ¥107.60 in Tokyo trading Tuesday, aided by position-adjustment buying.At 5 p.m., the dollar stood at ¥107.63, up from ¥107.59 at the …

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Stock rally stalls as focus turns to fresh coronavirus outbreaks 

US and European equities slip even as Chinese shares extend recent gains

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