Us Companies

Tariff turmoil leaves US factories paying more for metal than overseas rivals

US prices for the three key industrial raw materials have been ratcheting higher for weeks, partly driven by manufacturers’ efforts to build up stocks before US President Donald Trump imposes tariffs on the metals

China sanctions 2 US companies over 'support for arms sales to Taiwan'

The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. The measure also bars the companies' management from entering the country.

Karnataka to launch dedicated platform to facilitate investments by US companies

MB Patil urges industrialists to consider establishing their plants in north Karnataka

First TVs, now tortillas: US companies set minimum prices to halt discounting

As a result, shoppers face fewer discounts for everyday purchases at a time when inflation is around 8%, and as retailers look to unload hundreds of billions of dollars of excess inventory.

Meta and others tumble after hours as results point to weak economy

Meta Platforms fell over 3% after the Facebook owner posted its first-ever quarterly drop in revenue and issued a gloomy forecast, echoing a warning last week from ad tech rival Snap.

US companies tipped for strong earnings season despite growing threats

Companies in the S&P 500 stock index are forecast to deliver year-on-year earnings growth of nearly 22 per cent for October-December 2021, according to Wall Street estimates

India reaches out to US companies over investment in pharmaceutical, medical devices sector

India's Ambassador to the US Taranjit Singh Sandhu has held virtual meetings with Alberta Bourla, the CEO of Pfizer, Thermo Fisher CEO Marc Casper, Bernd Brust, the chairman and CEO of Antylia Scientific, and Joseph Repp, the CEO of Pall Life Sciences.

Donald Trump extends US telecom supply chain order aimed at Huawei, ZTE

The order invoked the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. U.S. lawmakers said Trump’s 2019 order was aimed squarely at Chinese companies like Huawei Technologies Co and ZTE Corp.

Fed moves to backstop funding for US companies as coronavirus fallout spreads

The Fed in the morning announced it would reopen the so-called Commercial Paper Funding Facility to underwrite the short-term loans that companies often use to pay for their operations, a key financial market backstop first set up 2007 to 2009.

Macro@Moneycontrol | Where do global economy, India figure in the US-China trade war?

In a new salvo, US President Trump set in motion tariffs targeting up to USD 60 bn worth Chinese goods. In retaliation, China unveiled a plan to impose tariffs on US imports worth up to USD 3 bn

General Motors says Venezuela illegally seizes auto plant

The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has already roiled many US companies.

Trump warns of consequences for US companies relocating abroad

During the presidential campaign, the Republican billionaire had threatened to slap tariffs on firms quit Ameica for places like Mexico, China and India where labour costs are cheaper. It became a repeated refrain of his victorious campaign.

Raman Singh woos US investors to Chhattisgarh

Singh, currently on an official tour of the US, will meet investors, experts and companies in Chicago, New York and San Francisco inviting investments in the mineral rich Chhattisgarh.

Tech worker visas face uncertain future under Trump: Sessions

H-1B visas admit 65,000 workers and another 20,000 graduate student workers each year. The tech industry, which has lobbied to expand the program, may now have to fight a rear-guard action to protect it, immigration attorneys and lobbyists said.

China's government flexes muscles with Uber, DreamWorks probes

The Commerce Ministry said at a briefing on Friday it was probing ride-hailing giant Didi Chuxing's planned acquisition of US rival Uber Technologies Inc's China unit and Comcast Corp's purchase of movie studio DreamWorks Animation.

US companies highly optimistic on GST rollout: USIBC President

US companies have raised issues regarding the GST, solvency and ease of doing business. India has responded to all the queries. But queries concerning H1B visa and participation in APAC raised by Indian companies have not been answered yet.

US companies consider India their next FDI frontier: Gadkari

"There is overwhelming enthusiasm among American companies and investors to invest in India. Results could be seen soon," Road Transport and Highways Minister Gadkari told PTI as he concluded his week-long trip to the US that took him to Washington, New York, St Louis, San Francisco and Los Angeles.

Land for Pune int airport to be finalised in 3 weeks: Maha CM

The Chief Minister was speaking at a round-table meeting of representatives of the US companies at Chakan in the district.

Signing of Paris climate deal will open up new market: WH

Several global leaders including Secretary of State John Kerry and Environment Minister Prakash Javadekar are expected to be present on the occasion in New York later this week.

Cipla advances 2% on acquisition of two US companies

The company's UK arm, Cipla (EU) has completed the acquisition of two US-based companies, InvaGen Pharmaceuticals Inc., and Exelan Pharmaceuticals Inc.

Gold, US stocks bounce after rout but oil falters

Gold and US stocks rebounded on Tuesday as the previous session's sell-off lured buyers into the market, but demand concerns sent oil below USD 100 a barrel for the first time in nine months.

Global M&A volume rises on large US deals

Cheap financing, strong equity markets and growing confidence in the economy has led more US companies to pursue large acquisitions in the first quarter, making up for flagging activity in Europe and Asia and sending the worth of global mergers and acquisitions slightly higher.