US, Japan seal ‘massive’ trade deal; Tokyo to invest $550 billion in America; key details of the pact

US President Donald Trump on Tuesday announced a “MASSIVE Trade Deal with Japan,” under which Tokyo will make a “$550 BILLION commitment to invest in the United States of America.” The White House unveiled three large-scale investment projects backed by Tokyo with a combined value of $36 billion, representing the first tranche under Japan’s $550…

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Gift City’s 1st IPO to open early March

MUMBAI: A $12 million raise for XED Executive Development, an executive education company, is set to be the first IPO from Gift City. The offer, expected for an early-March opening, is set to be listed on NSE and BSE’s international exchanges in Gift City, a release from the company said.XED has obtained the requisite nod…

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Gold import volume dips 18%, silver surges 56%

NEW DELHI: Despite the surge in gold and silver imports upsetting the trade balance, the trends for the two precious metals are very different. With the average price of gold rising nearly 25% on a year-on-year basis to $94,554 a kg during April-Dec, buyers became cautious, resulting in demand falling. Data released by the commerce…

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Capital values outpace rental growth: Report

MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental…

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US stocks today: Wall Street swings as AI jitters, weak consumer sentiment weigh on markets

File photo (Picture credit: AP) US stocks were mixed in uneasy trading on Tuesday as companies flagged weakening consumer confidence and investors continued reassessing the impact of artificial intelligence on corporate earnings.The S&P 500 was virtually unchanged after swinging between a modest gain and a drop of nearly 1%. The Dow Jones Industrial Average rose…

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