Easing - GLOBALMALAYALAM.NEWS

China’s BYD Wants to Build Cars in India, But Has No ‘direct’ Signal of Investment Rules Easing

Chinese automaker BYD is looking to expand its presence in India by manufacturing cars in the country, but has not received any direct signal from the Indian government on easing investment rules for Chinese businesses. The company has submitted a $1 billion investment proposal to build electric vehicles in India, but approval is still pending…

US Fed slashes rates by 50 basis points in first easing since 2020

gmn1 month ago02 mins

US Federal Reserve Chair Jerome Powell announced a half a percentage point cut in interest rates, signaling a potential easing of monetary policy. This decision is expected to lower borrowing costs for consumers and businesses, impacting everything from mortgages to credit cards. The move may benefit Democratic candidate Kamala Harris, who has emphasized President Joe…