Search Result for : American Businesses

The Dollar Business Bureau US and China failed to agree on major new steps to reduce US's trade deficit with China, leading to doubts over the economic and security relationship between the two countries. The annual economic session in Washington dubbed by the Trump administration as US-China Comprehensive Economic Dialogue (CED) ended with both the sides refusing to hold news briefs or joint statements with no news announcements on US market access to China. Though both the sides had open and frank talks, they failed to come to a consensus on major bilateral and economic issues that were important for the US. According to Reuters, US had asked for-  major access to China's financial services markets, reduction in China's steel capacity, reduction in auto tarriffs, ...

The Dollar Business Bureau US President Donald Trump told business leaders on Monday he would impose a heavy tariff on companies that move operations outside the US and slash regulation tax by as much as 75%. Praising the executives as “great people”, Trump said, "What we're doing is we are going to be cutting taxes massively for both the middle class and for companies, and that's massively.  We think we can cut regulations by 75%, maybe more, but by 75%.  "A bigger thing, and that surprised me, is the fact that we're going to be cutting regulation massively," he added. The President met CEOs at the White House, where he continued his promises of providing better economic opportunities for them as well as the ...

The Dollar Business Shattering global expectations and quite contradictory to earlier predictions, Donald Trump on Wednesday won the US President Election 2016, a much keenly observed event, which many economists and market analysts projected, has left the global trade and economy on an uncertain path. The Republican nominee and soon-to-be sworn as the American President nearly decimated his opposition and Democratic Presidential candidate Hillary Clinton, and registered a victory despite series of controversies; all emanating from his surreal ideologies that drew criticism from his extreme trade policies, racist and sexist comments, and anti-Muslim and anti-Mexican speeches. From the time when the voting count began till the result was announced, the global financial markets continued to remain on edge, as the European stock market ...

PTI For the second-straight month, India trimmed its holdings of American government securities to USD 117.2 billion in June. Neighbouring China, which is the largest holder of such securities, too cut down its exposure to USD 1.241 trillion during the same period from USD 1.244 trillion in May. Latest data from the US Treasury Department showed that India's holdings fell to USD 117.2 billion in June from USD 118 billion in the previous month. At the end of April, India held American government bonds worth USD 121.6 billion. Among the BRIC nations, India has the third largest holding of these securities after China and Brazil, whose exposure stood at USD 251.6 billion in June. During the same time, Russia's holding touched USD 90.9 ...

The smart cities plan, which involves the overlaying of urban infrastructure with IT connectivity, can improve core infrastructure and enhance citizen services, says US Deputy Secretary of Commerce Bruce Andrews Source: PTI Andrews highlighted the need for India to address the fundamental 'ease of doing business' barriers   India's ambitious plan to develop 100 smart cities can enhance quality of life for its citizens and help the country meet all environmental goals, a top US official has said. US Deputy Secretary of Commerce Bruce Andrews, who travelled to India last week leading a high-powered delegation of 18 American companies on a Smart Cities Infrastructure Business Development Mission, said the plan can also offer a unique and important opportunity for American businesses. "Prime Minister Modi's leadership ...

The Dollar Business Bureau The Union Finance Minister Arun Jaitley on Wednesday exuded confidence that the scope of American investors investing in India has become much wider, followed by the US President Obama’s recent visit to India. Obama’s visit has forged a new commercial relation with India that is aimed at the huge investment opportunities, he said in a statement. Speaking on the sidelines of the CEOs conclave, which was addressed by the Prime Minister Narendra Modi and US President Obama, the Minister said, "The conclave of Indian and American CEOs exhibited a strong confidence about India. The desire of American businesses to invest in India was great. Their queries related essentially to the ease of doing business in India," in his ...