The trillion-dollar shock: What tariff? How Xi Jinping beat Trump in trade war

President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…

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‘Significant lapses in planning’: Moody’s slams IndiGo; terms flight disruptions ‘oversight’

Credit rating agency Moody’s has flagged IndiGo’s recent flight disruptions as credit negative, saying the airline failed to adequately plan for aviation regulations that had been known well in advance. The rating agency said the large-scale cancellations and delays point to significant lapses in planning and operational oversight, even though the revised Flight Duty Time…

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Asian banks are healthier! Lenders across Asia–Pacific stronger than the US; what Moody’s report shows

Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…

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Boost for IAF: Tata – Lockheed Martin announce new defence MRO facility in India; to service C-130J aircraft

India’s defence aviation is set for a major boost, as Tata Advanced Systems and Lockheed Martin begin a dedicated Maintenance, Repair and Overhaul (MRO) facility for the C-130J Super Hercules aircraft. The groundbreaking, that took place in Bengaluru on Monday, marks the latest expansion in the two companies’ long-running industrial ties.The ceremony was attended by…

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For the first time! China trade surplus hits $1 trillion in November; exports to US continue to slide

China ended November with a historic milestone, recording an annual trade surplus of more than $1 trillion for the first time. Official figures released on Monday show that booming exports to markets outside the United States more than compensated for shrinking US demand.The breakthrough came only weeks after Presidents Xi Jinping and Donald Trump negotiated…

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Asian stocks today: Markets trade mixed ahead of Fed rate cut decision; HSI dips over 1%, Nikkei flat adding over 40 points

Stock markets across Asia traded mixed on Monday as investors await an interest rate cut decision from the US Federal Reserve, scheduled for later this week.In Hong Kong, HSI dropped over 255 points, nearing 1% loss to trade at 25,829.Nikkei, meanwhile, added 44 points to 50,535. Shanghai and Shenzhen also gained 0.8% or 1.74%, respectively….

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