Gold Silver Reports (GSR) – U.S.-China Trade Truce May Be Fleeting Absent Serious Reform — President Donald Trump had threatened to slap tariffs on up to $150 billion in Chinese imports, while Beijing vowed to respond in kind. For now, Mnuchin’s cease-fire declaration will soothe the nerves of investors worried that the world’s two biggest economies were on the verge of an all-out trade conflict.
Global Economic
Economists write letter to the wrong address
Gold Silver Reports (GSR) – Economists write letter to the wrong address – As of last count, 1,157 economists had sent a letter to US President Donald Trump warning him not to repeat the mistake of the Smoot-Hawley Tariff Act of the 1930s. The one-page letter was a copy-and-paste job from the letter that economists sent to the then president in 1930 because the fundamental principle, according to them, has remained unchanged since then.
Manali Petrochemical Share Price Surges After Profit Rises Four Times
Gold Silver Reports (GSR) – Manali Petrochemical Share Price Surges After Profit Rises Four Times — Manali Petrochemical Surges After Profit Rises Four Times – Shares of the Chennai-based variety of petrochemicals manufacturer rose as much as 20 percent, the most in nearly four years, to Rs 41.45 after its net profit rose nearly four times in March quarter
Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today
Gold Silver Reports (GSR) – Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today — In a dramatic turn of events, the Supreme Court of India, at a middle-of-the-night hearing, refused to stop the Bharatiya Janata Party from taking oath on Thursday morning as the new government in Karnataka. Though it did direct the Attorney General of India, KK Venugopal, to produce the letter written by BJP Karnataka leader BS Yeddyurappa to the state’s governor, by the next hearing on Friday, May 19. The letter states the number of legislative assembly members supporting the BJP.
Karnataka Assembly Election Results 2018 Live: Governor has Assured me of Appropriate Decision soon
Gold Silver Reports (GSR) – Karnataka Assembly Election Results 2018 Live: Governor has Assured me of Appropriate Decision soon — Karnataka caretaker chief minister Siddaramaiah has confirmed that no Congress MLA is missing, with the party saying that it has a plan to safeguard all lawmakers. Congress MLA Amaregouda Linganagouda Patil Bayyapur has said that he has been approached by the BJP and even offered a ministerial berth. JDS leader Danish Ali has also targeted the BJP saying that if the Governor does not invite the JDS-Congress alliance to form government, it would be death of democracy.
The Double Standards of US Trade Policy
Gold Silver Reports (GSR) – The Double Standards of US Trade Policy — A high-profile US trade delegation appears to have returned empty-handed from its mission in China. The result is hardly a surprise, given the scale and one-sided nature of the US demands. The Americans pushed for a wholesale remaking of China’s industrial policies and intellectual property rules, while asking China’s government to refrain from any action against Trump’s proposed unilateral tariffs against Chinese exports.
Sensex, Nifty Extend Gains As BJP Leads On 110 Seats
Gold Silver Reports (GSR) – Sensex, Nifty Extend Gains As BJP (Karnataka Election Results 2018) Leads On 100 Seats – The Indian equity benchmarks extended gains led by …