Business

ANKARA, Nov 10 (NNN-ANADOLU) – Turkish President, Recep Tayyip Erdogan, and his Russian counterpart, Vladimir Putin, discussed Syria and bilateral relations over the phone, Turkey’s presidential office said.

Both leaders confirmed their commitment to the “Sochi deal” reached on Oct 22, between Ankara and Moscow, for the withdrawal of Syrian Kurdish fighters from the areas along the Turkish border in northern Syria.

Washington, Nov 10 (PTI) In a temporary relief to thousands of Indians living in America, a US court has refused to strike down, for the time being, an Obama-era rule that allowed spouses of H-1B visa holders to work in America.

The H-1B visa is a non-immigrant visa that allows the US companies to employ foreign workers in specialty occupations.

LONDON, Nov 9 (NNN-AGENCIES) — Moody’s on Friday downgraded the outlook for Britain’s debt, citing mounting policy challenges amid the Brexit debate.

The agency cut the outlook to negative from stable but kept the debt at the investment grade Aa2.

The ratings agency Fitch had similarly put Britain on “negative watch” in February.

Pointing to “paralysis that has characterized the Brexit-era policymaking process,” Moody’s said London has “struggled to cope with the magnitude of policy challenges that they currently face.”

MEXICO CITY, Nov 9 (NNN-Prensa Latina) — The president of Mexico, Andrés Manuel López Obrador, rejected the economic, commercial and financial blockade that the US government has applied to Cuba for more than half a century.

To a question from a journalist in his press conference at the National Palace about voting at the United Nations, where 187 countries once again condemned Washington’s aggressive measure against the island, the president reiterated the traditional policy of Mexico.

9 Nov 2019; MEMO: Israel is worried about the potential European Court of Justice’s (ECJ) binding ruling to label products of illegal Israeli settlements built in the occupied West Bank, East Jerusalem and Golan Heights, Israel Hayom reported on Friday.

New Delhi, Nov 8 (PTI) Allahabad Bank on Friday reported widening of net loss to Rs 2,103.19 crore for the September quarter 2019-20 due to higher provision for bad loans.

The state-owned lender had registered a loss of Rs 1,816.19 crore during the year-ago period, according to a regulatory filing.

In the preceding June quarter, the bank clocked a profit of Rs 128 crore.

Mumbai, Nov 8 (PTI) Equity benchmark BSE Sensex tumbled 330 points on Friday as investors pressed the exit button after Moody's cut India's credit rating outlook citing growth concerns.

Profit-booking following the recent record-setting run and unease over frothy valuations also took their toll, analysts said.

Washington, Nov 9 (AFP/PTI) President Donald Trump said Friday he has not agreed to roll back tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war.

Amid a steady stream of conflicting reports, Trump's remarks appeared to push back against Beijing's claims that the two sides had agreed to remove tariffs in stages as part of a partial deal announced last month.

Mumbai, Nov 8 (PTI) The rupee on Friday plummeted by 31 paise to hit an over three-week low of 71.28 against the US dollar after Moody's Investors Services cut India's rating outlook to negative citing growth concerns.

Moody's has changed the outlook on the country's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.

New Delhi, Nov 8 (PTI) The corporate India is forecasting deteriorating growth for October-December period this year as optimism for new orders and sales prices has hit the lowest level in nearly 18 years, a report said on Friday.

The Dun & Bradstreet Composite Business Optimism Index stood at 56.4 for December quarter this year, registering a decline of 19.5 per cent as compared to the year-ago period.