Thursday, September 17
India Inc's big reluctance to invest has largely to do with all this uncertainty surrounding global trade deals, a report by UBS Securities India has pointed out. The lack of clarity on international trade is a significant factor hindering long-term capital expenditure (capex) by Indian companies, news agency ANI reported citing UBS's findings.The report stressed that trade agreements are critical for fostering investment as these generally help reduce business uncertainty.Finance Minister Nirmala Sitharaman recently voiced concern regarding the sluggish pace of corporate investment during a recent event in New Delhi. She highlighted that despite substantial capital initiatives from both the central and state governments, private sector investment has not kept up.Sitharaman noted that the
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, the South China Morning Post (SCMP) reported on Sunday, citing people familiar with the matter.During the expected 90-day extension, the U.S. and China will agree not to introduce new tariffs or take other actions that could further escalate the trade war, the report said.While the earlier discussions in Geneva and London focused on "de-escalation", the latest meeting the Chinese delegation will also press Trump’s trade team on fentanyl-related tariffs, the report further said, citing three sources familiar with the matter.Reuters could not immediately verify the report. The White House did not immediately respond to requests for comment.The third roun
US President Donald Trump on Sunday announced that he had reached a long-anticipated trade agreement with European Commission President Ursula von der Leyen, after a high-stakes meeting at his Turnberry golf resort in Scotland.“We have reached a deal. It’s a good deal for everybody,” Trump told reporters, describing the outcome as a significant win for both sides. Von der Leyen echoed the sentiment, calling the agreement “a good deal” for Europe as well.The breakthrough comes just days before the August 1 tariff deadline, which had loomed large over transatlantic trade as the EU and the US are each other's largest trade partners and account for 1/3 of all global trade.While official details of the pact have not yet been released, the US President said that the agreement would inc
