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Three-fourths of US H1B visa holders in 2018 are Indians: Report

Three-fourths of US H1B visa holders in 2018 are Indians: Report

Sat, Oct 20, 2018

According to the US Citizenship and Immigration Services (USCIS), there were as many as 419,637 foreign nationals working in the US on H-1B visas as on October 5. Of these, 309,986 are Indians, the USCIS said in its report 'H-1B petitions by gender and country of birth fiscal year 2018'.

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50,000 Indians took US citizenship in 2017: official report

50,000 Indians took US citizenship in 2017: official report

Fri, Oct 19, 2018

Over 50,000 Indians were granted the American citizenship in 2017, four thousand more than the previous year, according to the latest official report.

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Govt imposes anti-dumping duty on certain steel products from China

Govt imposes anti-dumping duty on certain steel products from China

Fri, Oct 19, 2018

India has imposed anti-dumping duties of up to USD 185.51 per tonne for five years on certain varieties of Chinese steel to guard domestic players from cheap imports from the neighboring country.

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Apple's new privacy portal shows what user data it keeps

Apple's new privacy portal shows what user data it keeps

Thu, Oct 18, 2018

As part of its annual privacy upgrades, Apple has introduced a new portal that lets users see what personal data the company has kept on them, the media reported.

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Stock losses muted in Asia after global rout

Stock losses muted in Asia after global rout

Fri, Oct 12, 2018

Asia's main stock markets traded lower Friday, but losses were relatively muted as investors took a breather after a global rout sparked by fears over higher US interest rates.

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Trade war impact: Wall Street mirrors global markets slump on China growth fears, high yields

Mon, Oct 08, 2018

Wall Street fell for a third straight day on Monday, tracking global stocks, in the backdrop of growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.

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Oil prices rise ahead of November US sanctions against Iran crude exports

Oil prices rise ahead of November US sanctions against Iran crude exports

Fri, Oct 05, 2018

On Friday, Oil prices rose lifted by looming U.S. sanctions against Iran`s crude exports that are set to start next month. 

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Gold little changed US non-farm payroll data in focus

Gold little changed US non-farm payroll data in focus

Fri, Oct 05, 2018

On Friday, The gold prices were steady as investors remained cautious after U.S. Treasury yields hit multi-year peaks and on expectations that stronger monthly employment data could boost the Federal Reserve`s case for a tighter monetary policy.

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Strong US job growth expected in September; wages seen rising

Strong US job growth expected in September; wages seen rising

Fri, Oct 05, 2018

The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 percent, signaling a further tightening in labor market conditions. 

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Easing ECB norms for oil firms may not arrest Re slide: BofAML

Easing ECB norms for oil firms may not arrest Re slide: BofAML

Thu, Oct 04, 2018

On Thursday, Bank of America Merrill Lynch (BofAML) said that liberalizing foreign borrowings for oil companies to raise to USD 10 billion will not have a "material" impact on arresting the slide of the rupee.

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Strong U.S. economy buoys dollar, puts Asian currencies on skids: Reuters poll

Strong U.S. economy buoys dollar, puts Asian currencies on skids: Reuters poll

Thu, Oct 04, 2018

Investors continued to bet that Asian currencies would weaken against the dollar, a Reuters poll showed, as hawkish comments by Federal Reserve  policy makers  and a steady rate hike path buttressed the greenback.

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Traders bet on oil at $100 as Iran sanctions loom

Traders bet on oil at $100 as Iran sanctions loom

Thu, Oct 04, 2018

Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand.

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Canada, US beat midnight deadline, reach NAFTA deal

Canada, US beat midnight deadline, reach NAFTA deal

Mon, Oct 01, 2018

The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada`s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said on Sunday.

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India will continue to buy Iran's oil: Iranian foreign minister

India will continue to buy Iran's oil: Iranian foreign minister

Fri, Sep 28, 2018

India is committed to buying Iranian oil and continuing the two nations` economic cooperation, the Iranian foreign minister said after a meeting with his Indian counterpart and ahead of U.S. sanctions aimed at halting Tehran`s oil exports.

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U.S. fintech startup Stripe valued at $20 billion in latest funding round

U.S. fintech startup Stripe valued at $20 billion in latest funding round

Thu, Sep 27, 2018

On Wednesday, Payments startup Stripe said it has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers.

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Wall Street lower as industrial, technology shares fall on trade war woes

Wall Street lower as industrial, technology shares fall on trade war woes

Mon, Sep 24, 2018

Nine of the 11 major S&P sectors, including the rebranded and bigger "communications services" sector, were lower as U.S. tariffs on some $200 billion worth of Chinese goods took effect, along with Beijing`s retaliatory duties.  

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US trade deficit rises to five-month high on declining exports

US trade deficit rises to five-month high on declining exports

Wed, Sep 05, 2018

Economists polled by Reuters had forecast the overall trade deficit swelling to $50.3 billion in July. The trade gap continues to widen despite the Trump administration`s "America First" policies, which have left the United States embroiled in tit-for-tat tariffs with the European Union, Canada and Mexico as well as an escalating trade war with China.

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US Treasury proposes tax rules on pass-through businesses

US Treasury proposes tax rules on pass-through businesses

Wed, Aug 08, 2018

Senior Treasury officials said the regulations are intended to provide everything pass-through owners need to comply with the Republican Tax Cuts and Jobs Act, a sweeping overhaul of the U.S. tax code that President Donald Trump signed into law in December.

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Amazon, Toyota, Alcoa and others working to counter Donald Trump's tariff plans

Amazon, Toyota, Alcoa and others working to counter Donald Trump's tariff plans

Sat, Jul 21, 2018

Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration`s trade policies and to head off new tariffs.

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Gold slides to seven-month lows as dollar climbs

Gold slides to seven-month lows as dollar climbs

Fri, Jul 13, 2018

Gold prices are down about 9 percent since mid-April. Tensions between the United States and China eased after U.S. Treasury Secretary Steven Mnuchin said on Thursday talks between the world`s two largest economies could be reopened if Beijing was willing to make significant changes.

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