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Dollar starts new year with a hangover as others find cheer

The dollar had benefited from US economic outperformance for much of 2019, but an easing in Sino-US trade concerns has boosted optimism that this year could favour other major nations.
The Federal Reserve has already averted a squeeze in lending markets as banks took only a small portion of its d $150 billion in year-end funding, leaving repo rates at the lowest since March 2018.(PTI File Photo)
The Federal Reserve has already averted a squeeze in lending markets as banks took only a small portion of its d $150 billion in year-end funding, leaving repo rates at the lowest since March 2018.(PTI File Photo)
Updated on Jan 02, 2020 07:28 AM IST
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Sydney | ByReuters

Tesla to raise prices in China: Report

Tesla to raise prices in China, earlier than planned.
Tesla is planning to raise it’s prices in China.(Reuters photo)
Tesla is planning to raise it’s prices in China.(Reuters photo)
Updated on Aug 26, 2019 03:52 PM IST
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Shanghai | ByReuters

In Trump-Xi fight, both leaders make big bets that may backfire

Trump’s threat to raise tariffs on all Chinese goods last week shattered a truce reached with Xi just weeks earlier, unleashing tit-for-tat actions on trade and currency policy that risk accelerating a wider geopolitical fight between the world’s biggest economies.
President Donald Trump poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019.(AP)
President Donald Trump poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019.(AP)
Updated on Aug 06, 2019 07:03 PM IST
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ByBloomberg

Sensex, Nifty hit over 6-month low as rupee woes, trade war worries linger

Meanwhile, the rupee depreciated to 73.82 (intra-day) against the US dollar, which too had a negative influence.
Benchmark indices Sensex and Nifty fell for the fourth session in a row to hit their over six-month low levels(PTI File Photo)
Benchmark indices Sensex and Nifty fell for the fourth session in a row to hit their over six-month low levels(PTI File Photo)
Published on Oct 23, 2018 06:59 PM IST
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Mumbai | ByPress Trust of India

China’s trade surplus with US hits record high despite Donald Trump’s biting tariffs

United States President Donald Trump’s much-touted hefty tariffs on Chinese imports are yet to have a negative effect as the Communist nation’s trade surplus with America ballooned to a record high of USD 34.1 billion in September, latest official data showed on Friday.
Donald Trump has been steadily hiking tariffs on Chinese exports to the United States since June, demanding Beijing to bring down the trade deficit amounting to USD 375 billion.(Reuters/File Photo)
Donald Trump has been steadily hiking tariffs on Chinese exports to the United States since June, demanding Beijing to bring down the trade deficit amounting to USD 375 billion.(Reuters/File Photo)
Updated on Oct 12, 2018 07:04 PM IST
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Beijing | ByPress Trust of India
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