Economy & Policy

Dollar to remain steadfast in coming months: FX strategists The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain…
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Fitch downgrades US credit rating from AAA to AA+ The US government's credit rating has been downgraded following concerns over the state of the country's finances and its debt burden. Fitch, one of three major independent agencies that…
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Dollar gains after relatively strong data, Aussie dollar tumbles US dollar rate index news: The dollar advanced against major currencies on Tuesday after relatively solid data on U.S. manufacturing and construction in June offset a decline…
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US biggest export destination for Indian smartphones in April-May: Govt data The smartphone exports to the US jumped multiple times to USD 812.49 million during the first two months of this fiscal as against USD 92.2 million in April-May…
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Bolivia Is the Latest South American Nation to Use China's Yuan for Trade in Challenge to the Dollar Bolivia is using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese…
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Business Highlights: US economy accelerates; Southwest reports soaring labor costs US economy unexpectedly accelerated to a 2.4% growth rate in April-June quarter despite Fed hikes WASHINGTON (AP) — The U.S. economy surprisingly…
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Here’s what inflation’s slowdown has meant for US businesses Washington, DC CNN—American businesses are expected to fare better in the coming months, according to a survey of economists and analysts released Monday. Inflation’s steady…
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US stocks rise to open big week of economic news The broad-based S&P 500 gained 0.3 percent to 4,550.76, while the tech-rich Nasdaq Composite Index advanced 0.2 percent to 14,063.83. Wall Street stocks climbed early Monday ahead of a…
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US business activity growth slows as services soften Synopsis S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June. July's reading showed…
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Indo-US relationship much stronger after PM Modi's recent US visit: Biden admin official Post the first state visit of Prime Minister Narendra Modi to the US, the two countries are forging much closer bilateral ties with high-level visits…
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