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World / The Hindu Businessline

US may reduce oil production because of sluggish demand and falling crude prices: S&P

Slowing global oil demand, extreme uncertainty about the future of US trade and a coming supply surplus are expected to hobble US oil production growth: Report

14 May 2025 5:05 pm
Pakistan receives second IMF tranche of $1.02 billion

The amount will be reflected in its foreign exchange reserves for the week ending May 16, the State Bank of Pakistan said

14 May 2025 12:52 pm
Trump favours $40-$50 oil, Goldman says after scrutinizing posts

He tends to call for lower prices (or celebrate falling prices) when WTI is greater than $50, the analysts said. In contrast, President Trump has called for higher prices when prices are very low (WTI less than $30) often in the context of supporting US production.

14 May 2025 9:02 am
Trump administration cuts additional $450 million in federal grants to Harvard University

The move follows the freezing of $2.2 billion in prior funding and comes a day after Harvard publicly challenged the administrations claims that it fosters liberal bias and antisemitism

14 May 2025 7:58 am
Trump to ease Syria sanctions, restore ties with new President Al-Sharaa

Al-Sharaa, once hunted by the US for ties to al-Qaida, now leads a government backed by Gulf states seeking to counter Iranian influence in the region

13 May 2025 10:57 pm
US trade negotiator says 10% universal tariff will rebuild domestic manufacturing

Greer told CNBC he would speak to the Indian commerce secretary on Tuesday before leaving for Seoul, South Korea for a meeting of trade ministers from the Asia-Pacific Economic Co-operation (APEC) grouping

13 May 2025 9:09 pm
The US is on track to lose $12 billion in travel revenue in 2025

Data from World Travel & Tourism Council show that US is set to lose $12.5 billion in travel revenuein 2025, with visitor spending estimated to fall under $169 billion by years end.

13 May 2025 2:53 pm
Hamas releases Israeli-American hostage Edan Alexander after 19 months in Gaza

Amid growing pressure to free 58 remaining hostages, a new Israeli delegation is heading to Doha for negotiations, although Israel plans to intensify its Gaza offensive once diplomatic efforts conclude

13 May 2025 7:03 am
Trump claims his administration stopped 'nuclear conflict' between India and Pakistan

Indian government sources in New Delhi have been maintaining that the Directors General of Military Operations (DGMOs) of India and Pakistan reached the understanding and no third party was involved

12 May 2025 8:09 pm
Epicentre of Pakistan earthquake near geological faultline: National Center for Seismology

The earthquake occurred at 1:26 pm IST near Pir Jongal in Pakistans Punjab province, O P Mishra, Director of the NCS said

12 May 2025 7:04 pm
US and China tout progress in trade talks, offer few details

The US was targeting bringing tariffs below 60% as a first step and wanted to discuss ways Beijing could reduce exports of the ingredients used to make fentanyl

12 May 2025 12:57 pm
Trump hails total reset as US-China trade talks begin in Geneva

The discussions are expected to continue Sunday

11 May 2025 12:08 pm
Trump praises India, Pakistans strong and unwaveringly powerful leadership for ceasefire deal

I am going to increase trade substantially with both of these great Nations, says Trump

11 May 2025 10:16 am
Bangladesh bans activities of ousted PM Hasinas party following protests

The decision, announced late Saturday, follows days of street protests led by the student-driven National Citizen Party

11 May 2025 8:55 am