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Moneylife Digital Team 12 May 2025
In a significant development signalling a potential thaw in strained trade relations, US and China have signed a deal to roll back recently imposed tariffs for a 90-day period, beginning 14 May 2025. The announcement, made in Geneva following high-level trade talks, marks the first direct...

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Robert Faturechi (ProPublica) 12 May 2025
After President Donald Trump announced sweeping new tariffs earlier this month, the White House released a list of more than a thousand products that would be exempted.   One item that made the list is polyethylene terephthalate, more commonly known as PET resin, the thermoplastic used to...

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Moneylife Digital Team 11 May 2025
In a dramatic turn of events after weeks of escalating tensions, nuclear-armed neighbors India and Pakistan announced a ceasefire on 10 May 2025. That ceasefire was agreed upon and violated hours later. The agreement brought a halt at least for now to the deadliest military standoff between the...

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Jake Pearson (ProPublica) 09 May 2025
Last month, a Department of Government Efficiency aide at the nation’s consumer watchdog agency was told by ethics attorneys that he held stock in companies that employees are forbidden from owning — and was advised not to participate in any actions that could benefit him personally, according...

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SN Thyagarajan (Bar  and   Bench) 23 April 2025
Harvard University has filed a lawsuit against the United States Department of Health and Human Services (HHS) and other federal agencies, challenging the Trump administration’s decision to freeze $2.2 billion in federal funding.    The suit, filed in the US District Court in Massachusetts,...

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Moneylife Digital Team 05 March 2025
US president Donald Trump, in his first speech to a joint session of Congress on Wednesday, criticised India's import duties, describing them as ‘unfair’ and a contributor to global trade imbalances. President Trump announced that ‘reciprocal tariffs’ would be introduced from 2nd April 2025,...

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Moneylife Digital Team 28 October 2024
US-based short-seller Hindenburg Research, in its latest report, says Aaron Wagner, a social media financial influencer and a claimed successful entrepreneur managing US$1bn (billion) in investor assets has misappropriated significant investor capital, using it to pay off other investors and to...

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Moneylife Digital Team 02 October 2024
The Indian financial market is gearing up for a surge in initial public offerings (IPOs) in the coming months, with the Securities and Exchange Board of India (SEBI) approving several large-scale IPOs during the ongoing festival season. Among the most significant is Hyundai Motor India's...

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Moneylife Digital Team 11 August 2024
In a stunning allegation, US-based short seller Hindenburg Research claims that SEBI chairperson Madhabi Puri Buch had a stake in obscure offshore entities used in the Adani money siphoning scandal. Ms Buch, however, 'strongly' denied the 'baseless' allegations and insinuations made in the...

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Moneylife Digital Team 25 March 2023
On 19 March 2023, the Swiss national bank announced that UBS will buy the crisis-hit Credit Suisse for US$3.3bn (billion). The historic government-engineered deal came through as UBS struck the deal to buy Credit Suisse in a share deal that imposed 89% losses on the Credit Suisse...

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Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government has announced.   On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilising solution was...

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Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger.   Six central banks, including the Bank of England, announced they would boost the flow of US dollars through the global financial system, the BBC...

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IANS 17 February 2023
One of China's most high-profile investment bankers has gone missing, his company has reported, the media reported.   Bao Fan, the chief executive of China Renaissance Holdings, had not been able to be reached in recent days, the firm said in a market update on Thursday, BBC...

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Russias credit ratings have been downgraded deep into the 'junk' territory by Moodys Investors Service and Fitch Ratings, with the duo highlighting the economic toll inflicted by wide-ranging sanctions and rising doubts about whether Moscow will honour its debts, The Wall Street Journal...

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A couple of days ago, The Economic Times reported that Franklin Templeton Mutual Fund (FTMF), caught in serious mismanagement of six debt schemes, is using diplomatic channels to pressure the Indian government to go soft on it. It has also threatened to pull out of India if it fails to get a...

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Moneylife Digital Team 17 September 2018
The Ministry of Commerce and Investment (MCI) in Saudi Arabia, while continuing to pursue 'illegal' QNet marketing activity, has raided meeting places of the controversial multi-level marketing (MLM) company.    In a release issued on Saturday, MCI says, “... (the Ministry) inspection...

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Moneylife Digital Team 22 May 2018
National Stock Exchange (NSE) has filed a case in Bombay High Court against Singapore Exchange (SGX) over its plan to launch derivative products based on Indian stocks. NSE is seeking an interim injunction on new products to be launched by SGX from June 2018.    In a release, SGX...

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Cryptocurrency marketplace Coinbase has shut the account of whistleblowing website WikiLeaks' Shop for allegedly violating its terms of service -- which means it cannot convert payments like bitcoin into conventional money.   According to a report on tech website Engadget, Coinbase...

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The Singapore Exchange (SGX) on Wednesday said it will list new India equity derivative products in June.   "The SGX will list new India equity derivative... to provide market participants with continuity and the ability to seamlessly transition their current India risk management...

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Twitter has confirmed that it will begin blocking cryptocurrency-related ads on the platfrom from Tuesday even as the micro-blogging site updated its policy relating to such advertisements.   "We are committed to ensuring the safety of the Twitter community. As such, we have added a...

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