Business

US Ambassador Pete Hoekstra expressed his disappointment with growing anti-American sentiment in Canada, particularly from politicians, following US tariffs. He criticized the use of terms like “war” to describe the trade dispute and defended Trump’s tariff agenda. Hoekstra welcomed Canada’s decision to drop retaliatory tariffs and expressed optimism about future trade relations despite challenges.

The US has revoked sanctions waivers for Chabahar port, impacting India’s trade and strategic ambitions. This move affects India’s operation of the Shahid Beheshti terminal, crucial for trade with Afghanistan and Central Asia, and a counter to China’s Gwadar Port. The decision poses a setback to India’s regional connectivity initiatives.

With a surge of new fund offers (NFOs) in August and September, investors should be cautious. NFOs lack a performance track record, so assess if they fill a genuine portfolio gap, focusing on unique opportunities like thematic or international funds.

President Trump is scheduled to speak with Xi Jinping to advance trade discussions and address the TikTok situation, aiming to finalize a deal involving American investors. Despite past accusations of conspiracy, Trump maintains a positive relationship with China. The leaders will also seek common ground on tariffs, as a temporary tariff-reduction deal is set to…

Adani Power Limited (APL) has emerged as India’s largest private coal-based power producer with 18,150 MW capacity across 12 plants. Morgan Stanley projects APL’s market share to reach 15% by FY32, driven by successful turnaround of stressed assets and strategic acquisitions. The company’s financial health has improved significantly, with net debt-to-EBITDA declining sharply.

Donald Trump is advocating for Europe to impose sanctions on China, believing it would halt the Ukraine war due to China’s significant purchase of Russian oil. He highlighted his administration’s tariff measures, including a 50% tariff on India. Despite his previous hopes and efforts to mediate, Trump expressed disappointment with Vladimir Putin’s failure to deliver…

Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Indian stock market, highlighting potential gains in Nifty and Bank Nifty. They recommend buying Bharat Electronics, anticipating a rise to Rs 467 within six months, and RBL Bank, projecting a target of Rs 296 in one month, based on technical analysis and market…

Russia’s Foreign Minister Sergei Lavrov criticised US tariff threats against India and China, emphasizing their resilience as “ancient civilizations.” He noted these nations are seeking new markets and energy sources due to American pressure. Despite tensions and tariff hikes, India and the US are in trade talks, while India and China assert their independence, backed…