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President Biden's administration found that China uses unfair practices to dominate global shipbuilding, aided by heavy subsidies and labor suppression. The USTR's investigation, starting April 2024, may lead to U.S. tariffs or fees on Chinese vessels. Rebuilding U.S. maritime industry will require substantial investment and time.
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News and Media
BSE Ltd shares rose 4.9% after Jefferies upgraded its rating to 'hold' and increased the target price to Rs 5,250. The upgrade reflects optimism about earnings potential despite challenges from Sebi's new F&O rules. Analysts expect brokers to implement price hikes, stabilizing volumes. Goldman Sachs also initiated coverage with a 'neutral' stance and target price of Rs 5,060.
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News and Media
JSW Energy shares rose 4.39% after the company became the successful applicant to acquire KSK Mahanadi Power Company, which owns a 3,600 MW thermal plant. The acquisition, pending regulatory approvals, will increase JSW Energys total thermal generation capacity to 7.5 GW and overall capacity to 28.2 GW, bringing it closer to its 2030 target.
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News and Media
President-elect Donald Trump plans to implement sweeping changes, including a large-scale deportation of undocumented migrants, repealing climate policies, and ending transgender rights in schools and the military. He vows to support Israel, potentially pardoning January 6 rioters, and imposing tariffs on imports from Mexico, Canada, and China.
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News and Media
Donald Trump returns to the White House next week for a second term that promises to be even more volatile -- and hard-line -- than his roller-coaster first presidency. The US House of Representatives and Senate are both in Republican hands -- albeit with a tiny majority in the House -- and few dare even murmur dissent.
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News and Media
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