Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
US-China Tariffs: ‘The First Shots to The Trade War are About to be Fired’
Gold Silver Reports (GSR) – U.S. President Donald Trump said on Thursday that tariffs on $34 billion worth of Chinese goods will kick in at 12:01 a.m. EST on Friday morning. China said that its tariffs on U.S. goods would take effect immediately after the U.S. duties kick in.
Canada Jobs Labour Market Report Due
Gold Silver Reports (GSR) – Employment is expected to rise 15,000 in June, following back-to-back monthly declines, the first since late 2014. Job gains have lost momentum in recent months, and we’ll be watching to see if that trend continues or turns a bit more positive again.
The US Kicks off its Trade War against China Today
Gold Silver Reports (GSR) – Today is the official start of US tariffs on Chinese goods; $34 billion – And, to even it all up China is imposing tariffs on US exports by the same amount starting today soon.
PNB To Concentrate Processing Of Big Loans To 60 Designated Branches
Gold Silver Reports (GSR) – “The bank is in the process of shifting most of the large accounts to SIBs,” the state-run lender said in a release today. The bank will create these SIBs across the country as part of its credit restructuring exercise.
Govt Likely to Go Slow on Key Anti-Evasion Measure Under GST
Gold Silver Reports (GSR) – The government is unlikely to insist on implementing the reverse charge mechanism, a key anti-evasion measure proposed under the goods and services-Tax (GST), on concerns that the rule will adversely impact small businesses while not yielding revenue gains.
RBI Expected To Intervene To Prevent Sharp Drop In Rupee
Gold Silver Reports – RBI Expected To Intervene To Prevent Sharp Drop In Rupee (₹) — The focus will undoubtedly be on theRupee (₹) which hit a record low on Thursday, falling past 69 a dollar and set for its worst quarter in five years.