AMERICAN INSTITUTE
Iran vote winner could ease, but won't end nuclear tensions: analysts
Masoud Pezeshkian's victory in Iran's presidential elections has brought hope for easing tensions over Tehran's nuclear program, defeating ultra-conservative Saeed Jalili with support from former president Hassan Rouhani. Despite not being the primary authority on foreign policy or nuclear issues, Pezeshkian aims for constructive relations with the West, contrasting Jalili's hardline stance. However, challenges remain as Iran's nuclear program has advanced significantly, impacting potential negotiations.
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Global firms buy PB Fintech stakes from early backers
Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it went public.
For American brands worried about China, Is India the future?
The surge of multinational brands in India's manufacturing sector signals a shift towards diversification and job creation. Companies like Shree Krishna are fulfilling substantial orders for global retailers, highlighting India's growing importance in the global supply chain.
US made made it clear to India that it seeks accountability: American official on Pannun case
A senior official from the Biden administration stated on Wednesday that the US has continuously urged India for updates regarding the investigation into the alleged foiled plot to assassinate Khalistani leader Gurpatwant Singh Pannun. Deputy Secretary of State Kurt Campbell emphasized that the US has directly raised the issue at the highest levels of the Indian government and emphasized the importance of accountability in the case.
Oil edges lower after industry group reports jump in US stockpiles
Oil prices fell on surprise U.S. stockpile increase, with concerns over weak demand. The U.S. summer driving season and consumer confidence decline contributed to market worries, along with a stronger dollar. Brent crude dropped to $84.82 a barrel.
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Oil inches up as war jitters outweigh surprise build in U.S. crude stocks
Oil prices rose on conflict fears in Europe and the Middle East, with unexpected U.S. crude inventory build. Concerns over escalating conflict and supply disruptions led to price increases in the oil market.
Small Indian-American community making grand contributions in the US: Report
The report "Indiaspora Impact Report: Small Community, Big Contributions," conducted by Boston Consulting Group, is the first volume in a series to look at the impact of the Indian diaspora, with a special focus on public service, business, culture and innovation in the United States.
Global traders flood American markets in search for safety
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
Rupee opens flat against US dollar in early trade
The rupee is expected to swing within a range of 82.90 to 83.70, influenced by Foreign Institutional Investors, capital markets, and anticipated inflows like Reliance Infrastructure raising USD 350 million.
Ryan Seacrest's first 'Wheel of Fortune' episode: When will it air?
The exit of the legendary game show host Pat Sajak from Wheel of Fortune, spanning four decades, signals the end of an era and the dawn of a fresh chapter. Ryan Seacrest, celebrated for his tenure as the host of American Idol, is poised to take over Sajak's role as the new host.
Modi good not just for India but for entire South Asia: Pakistani-American businessman
Pakistani American businessman Sajid Tarar praises Prime Minister Narendra Modi for ensuring stability in India and South Asia, emphasizing Modi's leadership as crucial for the region's future. Tarar hopes for improved India-Pakistan relations under Modi's leadership, highlighting the need for strong leadership in both countries to address political and economic challenges.
Pakistani Prime Minister Sharif meets China's Xi in Beijing ahead of IMF talks
China's President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing, affirming China's support for Pakistan's sovereignty and economic development. The meeting occurred ahead of Pakistan's annual budget and anticipated IMF loan application. Pakistan's strategic location on the Arabian Sea is vital for China's trade routes. Pakistan owes China $27 billion, nearly 13% of its total debt, mainly for infrastructure projects. Xi emphasized the importance of the China-Pakistan Economic Corridor and called for enhanced security for Chinese projects, following a recent attack on Chinese engineers.
Oil slips for sixth consecutive day on big builds in US oil, fuel stocks
Oil prices decline as U.S. stockpiles rise, OPEC+ plans supply boost. EIA's upcoming report on stockpiles awaited for market impact.
Pfizer drug extends life for people with rare form of lung cancer
A Pfizer lung cancer drug has been shown to greatly reduce tumor progression and improve survival outcomes for people in the advanced stages of a rare form of the disease, according to trial results published Friday.
Oil prices down on demand woes as markets await U.S crude stockpiles data
Oil prices down on Thursday as markets await U.S. crude oil stockpiles data. Brent futures at $83.52 a barrel, U.S. WIT crude at $79.19. API figures show inventory changes.
Oil rises as major producers expected to keep output cuts in place
Oil prices rose on expectations of production cuts by major producers at a meeting this Sunday as fuel consumption is set to increase with the start of the peak summer demand season.
Meet Shruthi Kumar? The Indian-American whose speech at Harvard on Palestine went viral
Indian-American Shruthi Kumar's viral speech at Harvard criticized the university over the Gaza issue, highlighting intolerance for freedom of speech and civil disobedience on campus.
Don’t kill jalebis & rasgullas in nutrition overdrive
The piece questions whether a state agency like the National Institute of Nutrition should dictate the content of traditional foods, arguing that standardization could strip away the diversity and richness of culinary heritage. It critiques the reliance on research, often influenced by corporate interests, to determine what is considered healthy or unhealthy. The author highlights contradictions in health advice, citing examples like conflicting views on diabetes management.
Pet Gala: Dogs steal the show at the red carpet!
Designer Anthony Rubio threw the now-annual fashion fete Monday night, sending 18 dogs down the red carpet at New York's American Kennel Club Museum of the Dog. Each canine donned couture similar to what celebrities wore at the Met Gala just two weeks earlier.
Oil slips for third day on prospect of US rates staying high
Brent crude futures were down 87 cents, or 1.1%, at $82.01 a barrel, while U.S. West Texas Intermediate crude (WTI) was down 81 cents, or 1%, to $77.85 at 1255 GMT. Both benchmarks settled about 1% lower on Tuesday.
Oil slips for third session on likely 'higher for longer' US rates
U.S. crude oil and gasoline inventories rose last week, while distillates fell, according to market sources citing American Petroleum Institute (API) figures on Tuesday.
US pediatrics group reverses decades-old advice against HIV-positive mothers breastfeeding
People with HIV can now breastfeed their babies if they are on effective medications, according to a new report from the American Academy of Pediatrics. The report recognises that antiretroviral therapy can reduce the risk of HIV transmission through breast milk to less than 1%. Health experts emphasize the importance of shared decision-making and exclusive breastfeeding for the first six months to prevent HIV transmission.
Biden's China tariffs are the end of an era for cheap Chinese goods
Biden's decision this past week to codify and escalate tariffs imposed by Trump made clear that the United States has closed out a decades-long era that embraced trade with China and prized the gains of lower-cost products over the loss of geographically concentrated manufacturing jobs. A single tariff rate embodies that closure: a 100% tax on Chinese electric vehicles, which start at less than $10,000 each and have surged into showrooms around the world but have struggled to crack government barriers to the U.S. market.
Oil prices up on wildfires in Canada, US inventories drawdown expectations
A large wildfire was approaching Fort McMurray, the hub for Canada's oil sands industry with production of around 3.3 million barrels per day, or two-thirds of the country's total output, and thousands in suburbs were told to evacuate.
Vice President Kamala Harris uses profanity, apologizes. Know in detail what happened
While addressing the people at the annual Asian Pacific American Institute for Congressional Studies Legislative Leadership Summit, Vice President Kamala Harris used profanity. Know in detail here.
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.48, it touched 83.46 in the initial trade, registering a gain of 2 paise from its previous close.
Indian-American philanthropist donates $1 million to Hindu American Foundation
Ramesh Bhutada donates to HAF and Hindu University. Sundar Iyer highlights caste discrimination concerns. Community urged to be vigilant against false allegations. Important funds raised at HAF gala in Houston.
Asia stocks drift, dollar firm as Fed rate path pondered
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.19%, weighed down partly by declines from mainland Chinese blue chips. However, Hong Kong's Hang Seng rose 0.52%.
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