Trump holds talks with Merkel, says he is not an isolationist
PTI President Donald Trump today dismissed the notion that he was an "isolationist" in his policies, as he held talks with German Chancellor Angela Merkel and asserted that Germany and the US must work together towards fair and reciprocal trade policies. "My administration is in the process of rebuilding the American industrial base. A stronger America is in the interest, believe me, of the world as a whole," Trump told reporters at a joint news conference with the visiting German Chancellor Merkel. Germany and the United States, he said, must work together towards fair and reciprocal trade policies that benefit people of both the countries. "Millions of hard-working US citizens have been left behind by international commerce, and together, we can ...
SEBI to soon launch a web for direct MF sales
The Dollar Business Bureau Securities and Exchange Board of India (SEBI) is interested on a platform, where investors can purchase mutual funds directly without any brokers. Concurring to it, the market regulator is planning to bring an online model for trading the financial instruments soon. The financial advisors have been lobbying against the compulsory disclosure of the commissions given by the mutual fund houses. These fund houses also need to disclose to the investors the information on salaries and other payments. According to SEBI Chairman U K Sinha, the SEBI is more concerned about the investors, rather than the mutual fund distributors. The mutual fund is shifting towards direct purchasing in most of the countries. The Independent Financial Advisors (IFAs) do not ...
Private sector output rises for eleventh month running: HSBC Survey
The Dollar Business Bureau Business activity in the Indian private sector economy expanded for the eleventh consecutive month in March. Adjusted for seasonal influences, the headline HSBC India Composite PMI Output Index fell marginally from 53.5 in February to 53.2 in March, indicating a marked rate of growth, said a HSBC Survey. Whereas manufacturing production expanded at an accelerated pace, services activity growth moderated. The seasonally adjusted HSBC India Services Business Activity Index posted 53.0 in March (February: 53.9). The latest reading was indicative of a moderate rate of expansion that was slightly weaker than in the prior month. Sources highlighted sustained new business growth. Output rose in four of the six broad areas of the service economy, the exceptions being Financial Intermediation ...
