Day: May 16, 2020

Investors prepare for more U.S. stock swings as states reopen

By April Joyner

NEW YORK (Reuters) – Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise.

The Cboe Volatility Index, known as Wall Street’s fear gauge, posted its biggest weekly gain in about two months, reflecting the S&P 500 index’s 2.6% slide from its April 29 high. VIX futures have jumped as well, with investors pricing elevated risk into June contracts.

Whether recent losses in stocks resulted from profit taking after April’s swift rally or were the start of a prolonged decline may become more apparent in

Indian farmers can now take Kashmir’s kesar, Bihar’s makhana across globe, thanks to Sitharaman’s agri reforms

A cluster based approach will be followed to take, for example, Bihar’s makhana, Kashmir’s kesar across the seven seas.

In her third set of announcements regarding PM Modi’s Rs 20 lakh crore economic package, Finance Minister Nirmala Sitharaman said that the government will empower farmers to take some of India’s major farm items such as kesar and chillies to the global market. To that extent, the government today announced Rs 10,000 crore for micro food enterprises as part of PM Narendra Modi’s ‘vocal for local’ focus. “Aiming to implement PM’s vision of ‘vocal for local’ with global outreach, a

US adds new sanction on Chinese tech giant Huawei

The new restrictions are separate from those exemptions, but loopholes have allowed U.S. companies to continue to supply Huawei with chips made outside the U.S. (Reuters photo)

The U.S. government imposed new restrictions on Chinese tech giant Huawei on Friday, severely limiting its ability to use American technology to design and manufacture semiconductors produced for it abroad.

Commerce Secretary Wilbur Ross said Friday that the move aims to prevent Huawei from making a run around existing U.S. sanctions.

”There has been a very highly technical loophole through which Huawei has been able to in effect use U.S. technology,” Ross told