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Chennai: With the price of tomato continuing to remain at Rs 200/kg in Chennai, with some supermarkets even charging Rs 210, creating a difficult situation for families, the state government is intervening to help the common people. Tamil Nadu Cooperation Minister K.R. Periyakaruppan said that the state government would sell tomato at Rs 60/kg…
WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three…
The long-term credit rating of the United States was downgraded on Tuesday by the Fitch Ratings agency, which said the nation’s high and growing debt burden and penchant for brinkmanship over America’s authority to borrow money had eroded confidence in its fiscal management. Fitch lowered the U.S. long-term rating to AA+ from its top mark…
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said. Source link
Comment on this storyComment The credit agency Fitch Ratings downgraded the trustworthiness of the U.S. government on Tuesday, saying successive standoffs over the nation’s debt ceiling and rising federal debt have cast doubt on the United States’ ability to meet all its payment obligations. The downgrade, issued shortly after financial markets closed trading for the…
Starbucks logo is seen on a cup in this illustration photo taken in the cafe at the airport in Charleroi, Belgium on July 27, 2023. Jakub Porzyck | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly earnings that beat analysts’ expectations, but its same-store sales missed Wall Street’s estimates. Still, the company reaffirmed its…
Tarang Amin (C), Chairman and CEO of cosmetics company e.l.f. Beauty Inc., rings the opening bell at the New York Stock Exchange (NYSE) to celebrate his company’s IPO in New York City, U.S. September 22, 2016. Brendan McDermid | Reuters Drugstore makeup brand e.l.f. Beauty raised its full-year outlook Tuesday after reporting a 76% year-over-year…
President Biden and his aides are basking in what is arguably the best run of economic data to date in his presidency. Inflation is cooling, business investment is rising, job growth is powering on and surveys suggest rising economic optimism among consumers and voters. Polls still show Mr. Biden remains underwater on his handling of…
Business & Finance 01 August 2023, 7:35 pm 1 minute Reuters exclusively reported that China’s currency regulators have asked commercial banks to delay or reduce their dollar purchases as authorities try to contain yuan weakness. The scoop is the latest report on central bank measures in currency markets and prompted an immediate response from authorities, with…
New Delhi: Every year, taxpayers across the country file their income tax returns with the hope of receiving a tax refund. If the amount paid in taxes exceeds the actual tax liability, individuals are eligible for a refund. The process of claiming refunds has become smoother over the years, thanks to technological advancements. In this article,…