US Congress passes budget including $14 billion for Ukraine

US Congress passes budget

The US Congress passed a huge omnibus 2022 spending bill Thursday including almost $14 billion in humanitarian and military aid to war-torn Ukraine, as its invasion by Russia entered its third week. Lawmakers had been facing the latest in a series of shutdown showdowns, with government funding due to expire at midnight Friday into Saturday, […]

US has not verified claim of Russia troop withdrawal: Joe Biden

US has not verified claim of Russia troop withdrawal: Joe Biden

President Joe Biden on Tuesday said the US has not yet verified” Russia’s claim that some of its forces have withdrawn from the Ukraine border and said an invasion of Ukraine remains a distinct possibility. Biden made the remarks at the White House hours after Russia announced that some units participating in military exercises near […]

PM Narendra Modi clocks 20 meetings in his 65-hour stay in US

By Administrator_ India Capital Sands Prime Minister Narendra Modi, who returned to India from the US on Sunday, attended 20 meetings during his 65-hour visit, government sources said. He also had four long meetings in flights with officials on the way to and back from the US, they added. Sharing details, sources said Modi had […]

Gold steady as inflation bets counter firm US dollar, yields

Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation

By Administrator_India Capital Sands Gold prices held steady on Monday, buoyed by concerns over inflation after U.S. President Joe Biden announced a $2 trillion-plus jobs plan last week, while a stronger dollar and elevated U.S. Treasury yields limited bullion’s upside. Spot gold was flat at $1,728.60 per ounce, as of 0146 GMT. Gold futures edged […]

US puts India on currency watch list, labels Switzerland as manipulator

Dollar stuck near 3-month lows, bitcoin struggles

By Administrator_ India Capital Sands The US Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added India, Taiwan and Thailand to a watch list of countries it suspects of taking measures to devalue their currencies against the dollar. The “monitoring list” of countries has now hit 10. Others on the list include China, Japan, Korea, Germany, Italy, Singapore […]

Walmart Prepares For $10 Billion Flipkart IPO In The US

Walmart

By Administrator_ India Capital Sands Walmart is preparing for ecommerce major Flipkart’s $10 billion initial public offering  in the US and has hired Goldman Sachs to assist with the listing. The US retail giant is looking to sell around 25 percent in Bengaluru-based Flipkart, Mint reported. “Work on the IPO (initial public offering) is in […]