Around the Globe

Around the Globe

Rate-sensitive stocks dip, as market awaits RBI policy stance

Stocks in rate sensitive sectors like real estate, auto stocks witnessed selling ahead of the RBI monetary policy announcement, while banking stocks gained marginally even as several brokerage houses expect RBI to adopt a hawkish tone in the coming monetary policy.

Brokerages firms feel that given the sharp liquidity dip in banking, growing inflation and concerns of fiscal slippage would force RBI to hold rates and it could sound more hawkish on its stands.

US top court lets Trump’s latest travel ban go into full effect

The US Supreme Court on Monday handed a victory to President Donald Trump by allowing his latest travel ban targeting people from six Muslim-majority countries to go into full effect even as legal challenges continue in lower courts.

The nine-member court, with two liberal justices dissenting, granted his administration’s request to lift two injunctions imposed by lower courts that had partially blocked the ban, which is the third version of a contentious policy that Trump first sought to implement a week after taking office in January.

Emboldened Trump Brushes Aside Flynn Plea and Goes on Offence

US President Donald Trump emerged newly emboldened from one of the most tumultuous weeks of his presidency, reveling in the prospect of his first major legislative victory while brushing off a federal probe that’s closing in on key members of his inner circle.

Trump Announces New Sanctions on North Korea

President Donald Trump said on Wednesday after a phone call with Chinese President Xi Jinping that major new sanctions will be imposed on North Korea.

“Just spoke to President XI JINPING of China concerning the provocative actions of North Korea,” Trump said in a tweet. “Additional major sanctions will be imposed on North Korea today. This situation will be handled!”

Latest North Korean missile larger, more powerful

Imagery released on Thursday of North Korea’s latest missile test showed new rocket engines and a larger design that likely puts Kim Jong Un closer to his goal of being able to deliver a nuclear warhead to a target anywhere in the world, though without great accuracy yet, analysts said.

North Korea released dozens of photos and a video after Wednesday’s launch of the new Hwasong-15 missile, which North Korean leader Kim Jong Un declared had “finally realised the great historic cause of completing the state nuclear force”.

North Korea says new ICBM puts US mainland within nuke range

North Korea said it successfully tested a powerful new intercontinental ballistic missile (ICBM) on Wednesday that put the entire US mainland within range of its nuclear weapons.

North Korea’s first missile test since mid-September came a week after US President Donald Trump put North Korea back on a US list of countries it says support terrorism, allowing it to impose more sanctions.

Brexit Deal Hinges on Irish Border Riddle as Talks Go to Wire

Theresa May’s chances of getting a Brexit breakthrough in the coming days hinge on the prime minister convincing the Northern Ireland party that props up her government to accept the UK position on the Irish border.

The frontier between the north and south of Ireland has emerged as the biggest threat to getting a deal next month that would allow the UK and European Union to start discussions on future trade, three people familiar with the discussions said on condition of anonymity to discuss confidential matters.

Hyderabad spruced up to welcome Ivanka Trump

Indian authorities have cleared beggars off the streets and brought in 10,000 extra security forces for Ivanka Trump’s biggest foreign mission since her father became president.

US president Donald Trump’s eldest daughter is to be the key speaker on Tuesday at the opening of a three-day Global Entrepreneurship Summit in Hyderabad alongside India’s prime minister Narendra Modi.

The southern city is home to the India operations of Google, Facebook and Amazon.

Thanksgiving Was Grim in Trump’s Swamp

If you're associated with the administration of President Donald Trump, there's not much to be thankful for this week. With the exception of Defense Secretary James Mattis, no insider has elevated his or her standing in 10 months and no superstar has emerged as in previous administrations.

India, Finland decide to boost ties

India and Finland today resolved to boost cooperation in a range of areas, including trade and investment, energy and information technology, during talks between External Affairs Minister Sushma Swaraj and her Finnish counterpart Timo Soini.

The two ministers reviewed the entire gamut of bilateral relations. They agreed to ramp up cooperation in trade, holding that there is huge scope for its expansion.