RBI reportedly announces trade relief measures for exporters; gives some exporters of cut, polished diamonds a total of four months to avail zero duty re-imports
The RBI's announcement to provide trade relief measures, particularly the zero duty re-imports for exporters of diamonds, signals a supportive stance towards exporters amid challenging trade conditions.
ChangXin Memory Technologies has suspended IPO plans, had intended to list on the Shanghai STAR market
US General Caine says the US continues to degrade and destroy the capabilities of Iran, continue to strike key manufacturing and research sites. Commenced overland B52 missions, the first of this operation.
RBI reportedly announces trade relief measures for exporters; gives some exporters of cut, polished diamonds a total of four months to avail zero duty re-imports
US President Trump says US is not pulling assets in the Strait of Hormuz yet, CBS reports; “At some point I will, not quite yet, but countries have to come in and take care of it"
[MARKET UPDATE] US equity futures saw short-lived upticks as Warren Buffet said that if there is a big market decline, Berkshire Hathaway (BRKB) will deploy cash; moves have pared as oil ticked higher
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This could enhance liquidity for these exporters, potentially impacting market sentiment positively, especially in sectors linked to diamond trading and may also influence currency dynamics as trade balances are affected.
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