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The annual shortfall in goods and services increased 12.2% to $948 billion, Commerce Department data showed Tuesday. The December gap widened to $67.4 billion from the prior month. The figures aren’t adjusted for prices.
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The US companies are present in a large way in the area of aviation technology in the country, particularly in safety and security.
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The company's shares jumped 4.1 percent to $29.09 in early trading on Monday as Flannery's appointment to the top job ended a six-year long succession planning program.
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More than 80 percent of American companies feel China is less welcoming to foreign businesses than in the past, a US business lobby group reported today, as trade tensions surge between the world's top two economies.
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President-elect Donald Trump's stern warning to American companies for not doing enough to keep jobs in the US does not make Microsoft's India-born CEO Satya Nadella nervous as he is confident about the tech giant's role as a job creator.
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"US companies are optimistic about doing business in India. They see the reforms as a positive sign of India's willingness to make the needed improvements to its business climate," US Assistant Secretary of Commerce for Global Markets, Arun Kumar told PTI.
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President-elect Donald Trump has said he would not allow Americans to be replaced by foreign workers, in an apparent reference to cases like that of Disney World and other American companies wherein people hired on H-1B visas, including Indians, displaced US workers.
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Shivraj Singh Chouhan, who is currently on a five-day visit to the US, addressed business leaders, executives and analysts here yesterday, touting his state as an "ideal investment destination" that has a conducive business environment, investor-friendly policies and no red-tapism.
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The comments came as a survey of European firms said China's slowing growth was matched by an "increasingly hostile," business environment.
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"The reforms undertaken by India in the last two years under Prime Minister Modi's leadership are resonating very well with the US companies," USIBC President Mukesh Aghi said.
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US companies are currently taking advantage of an environment that allows them to move their tax residence overseas to avoid paying taxes, without making significant changes in the nature of their overall operations, the Treasury said yesterday after it announced its new measures.
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Transport Secretary of United States Anthony Foxx was part of the team that inspected aviation regulator DGCA before upgrading India's air safety ranking to Category-1.
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India is yet to address the concerns of American companies with regard to civil nuclear liability laws, a senior administration official has said, noting that the two countries, nevertheless are making progress on the implementation of civil nuclear agreement.
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Facebook has, over the course of its existence gone on to become one of the most popular platforms there is to help scores of people connect ...
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Indo-US collaborations like the American Business Corner would make it easier for Indian companies to work with American companies, and in the process improve the lives of millions of people in the years to come, the United States Consul General, Chennai, Jennifer McIntyre, said here today.
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From Lehman to Olympus, from mortgage bonds to sovereign debt - the global audit business is in the eye of a storm.
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Finance Minister Pranab Mukherjee today said the government would soon issue guidelines for Infrastructure Debt Funds, a move that will open a new window for American companies to invest in the infrastructure sector in the country.
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Three months after president Obama's maiden visit to India, US commerce secretary Gary Locke is visiting with a hi-tech mission to enhance trade and economic ties between the two nations. In an interview on CNBC-TV18, Locke painted a broader picture of the legislation.
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China's plan to change itself from a major manufacturer to a leading global source of innovation poses an enormous challenge for US companies whose competitive edge depends on coming up with the next big idea.
