October and joining us now with more details is r. T. Correspondents our month. So welcome to the show so when these meetings today basically who was at the table and did they get anywhere let me start by saying that the meetings are already affecting the market let me show you what the dow did it sunk basically it really took a steep turn this was an unexpected twist of events Chinese Agriculture officials were scheduled technically to visit u. S. Farm states next week including montana but officials cancer just canceled canceled the trip to montana theyre going to return to china sooner than originally planned u. S. Secretary of agriculture sonny perdue confirmed that these meetings were to provide some or to at least have china build good well with the u. S. Farmers talks began on thursday and they were led by there were 30 chinese. Officials who came to washington d. C. Led by the feisty bice finance minister early on when he met with u. S. Deputy u. S. T. R. Jeffrey garish they we
Leaves our global report today as a modi administrations finance minister announces an 8 percent cut in the base Corporate Tax rate the centex stock markets surge and closed up by more than 5 percent after minister some around the im now 20000000000. 00 policy package indias base Corporate Tax rate was cut 30 percent to 22. 00 companies that do not seek Tax Exemptions will qualify for that base rate while those who do will pay a base rate of 25 percent down from the previous 35 Percent Companies that start out between october of this year and march of 2023 will be offered an even lower base rate of 15 percent and while reaction was positive the sudden and dramatic move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached its 6 year low tax cuts added to a list of stimulus actions for 29000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister and the
Move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached at 6 year low tax cuts added to a list of stimulus actions for 21000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister Narendra Modi of india is headed to the United States for a weeklong visit that will include an appearance with u. S. President donald trump mr modi will address more than 50000. 00 Indian Americans at an event in our in our g. Studio in Houston Texas the events named modi will also be attended by President Trump as a gesture to cement the relationship between the 2 countries during the trip to the u. S. The 2 World Leaders hope to ease trade tensions between their large economies earlier this year the u. S. Had removed certain trade privileges afforded to india saying the country had not properly opened their markets to u. S. Goods the u. S. Hopes india will be. In electro
Attacks on saturday, which took out a huge amount of the worlds oil supply. So this is both a diplomatic issue, it is an issue where donald trump is saying it could lead to war, and of course it is a massive Global Financial issue when you have that much oil taken out. We had this press conference saying it was the iranians, what are you going to do about it . The iranians denying it, saying it was the rebels who had done it, and they were saying yes it was. But of course all eyes are on washington to see what donald trump has said. He said this could be an act of warand has said. He said this could be an act of war and is starting to increase action so we willjust have to see how it plays out over the next few days. But certainly we know the city will be watching, the financial district, in all countries will be watching it, and it will have very big ramifications. will be watching it, and it will have very big ramifications. I mean, potentially this is really dangerous, isnt it . We
Cut their visit short r t correspondent sam on thursday ocus standing by to delve into the details of the choppy trade waters. To saudi aramco as i. P. O. Has been in question following attacks on the oil fields in the middle east monarchy rule of u. S. What holdings is on hand to drill into oil prices in the future of the would be record setting i. P. O. Were back to full strength and ready to bring you all d the Global Business news news you need to end the week lets go. Major tax cuts for the Indian Corporations leaves our global report today as a modi administrations finance minister announces an 8 percent cut in the base Corporate Tax rate the centex stock markets surge and close by more than 5 percent after minister some around the bend are now that 20000000000. 00 policy package indias base Corporate Tax rate was cut 30 percent to 22. 00 companies that do not seek Tax Exemptions will qualify for that base rate while those who do well pay a base rate of 25 percent down to. The pr