Move 10 per cent of your portfolio to the yellow metal.
A genuine attempt was made to reset relations in a positive way, signalling a stepping back from the brink of conflict, much to the relief of the world, observes Ambassador T P Sreenivasan.
The US move came after the Justice Department said that hackers working with the Chinese government targeted firms developing vaccines for the coronavirus and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world.
The global high comes amidst the uncertainties of Brexit, a trade war and slowing growth, with traders increasing their silver bets.
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
Known to be having extensive expertise in dealing with India's neighbourhood as well as the US, China and Europe, the 1988-batch Indian Foreign Service (IFS) officer pipped nearly half-a-dozen others in the race for the coveted post including Indian High Commissioner to UK Gaitri Issar Kumar (1986-batch IFS) and Ruchira Kamboj (1987 batch IFS).
Biden and Xi shook hands and greeted each other with smiles, standing in front of a row of US and Chinese flags.
If a workable compromise is found and Russia'S Western borders are left undisturbed with a suitable buffer, it will indicate that the US is indeed serious about its focus on China, observes Colonel Anil A Athale (retd).
China, which considers the estranged island of Taiwan as part of its mainland, vociferously objects to any high-level foreign dignitaries meeting Taiwanese leaders.
The Obama administration has said that too much is being read into the joint United States-China statement issued by President Barack Obama and Chinese leader Hu Jintao in Beijing. The statement had irked the Indian administration on the eve of Prime Minister Manmohan Singh's visit to the US, as New Delhi perceived it as an attempt to interfere in the bilateral relations between India and Pakistan.
China on Saturday summoned the United States Charge d'Affaires in Beijing and lodged a strong diplomatic protest over the meeting between President Barack Obama and Tibetan spiritual leader Dalai Lama.
While the delegation accompanying Prime Minister Dr Manmohan Singh on his 9th India-Asean summit said that the India-China relationship was a 'complex' one, they also emphasised that India-US relations were in good shape, reports Saisuresh Sivaswamy, who is a part of his media delegation accompanying the prime minister to Bali.
Chinese President Xi Jinping will make his first state visit to the United States in September, China said on Wednesday, hours after President Barack Obama spoke to him and called for "swift work" to narrow down differences on cyber theft, pace of reform and currency issues.
China on Tuesday hinted that its growing relationship with India was independent of its ties with Pakistan with whom it was promoting a comprehensive cooperation as part of an "established policy".
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
China warned US against Obama's public appearance with Dalai Lama.
'India will want a lot of help from the US, but it's not going to want US troops.'
Rather, cold reactions are expected considering the contentious issues the US is bound to raise -- Taiwan, human rights, and North Korea.
The Parliament on Wednesday passed a bill which seeks to provide a statutory framework for the functioning of the National Anti-Doping Agency and the National Dope Testing Laboratory.
US House Speaker Nancy Pelosi's plane landed in Taiwan amid a heightened security threat from China, media reports said on Tuesday.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
China initially hesitated to congratulate Biden, a Democrat, after Republican incumbent President Donald Trump refused to concede.
In January last year, the US signed the first phase of the trade deal with China, which former President Donald Trump described as historic, concluding more than a year of tough negotiations including several months of suspension of talks between the two largest economies of the world.
US President Joe Biden and his Chinese counterpart Xi Jinping on Monday held their first in-person meeting in Bali, with both leaders underscoring the need to manage their differences and prevent a conflict, amid Beijing's coercive military posturing against Taiwan and in the strategic Indo-Pacific region.
Trump was good for world peace. He didn't start a war anywhere, which is not something that can be said for most of his predecessors, observes Ambassador M K Bhadrakumar.
The balloon, which was being used by the People's Republic of China in an attempt to surveil strategic sites in the continental United States, was brought down above US territorial waters.
India must be aware that there is no question of the US fighting the Chinese on land. We have to fight our own battles, points out Virendra Kapoor.
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
'India's preference today seems to be to exploit the deepening chill in relations with China to breathe new life into its meandering partnership with the US,' argues Ambassador M K Bhadrakumar.
Economic recovery from the pandemic in the US has helped India achieve the $400-billion mark for exports for the first time in any fiscal year. According to the preliminary data compiled by the Department of Commerce, India exported goods worth $73 billion to the US from April 1 to March 21 - up 47 per cent, compared to last year. The US' share of exports, compared to total exports, stood at 18.2 per cent. The country is also India's largest trading partner and export destination.
An increasing number of US lawmakers voiced anger on Monday over the NBA's response to a Houston Rockets official's tweet backing Hong Kong democracy protests, raising US-China tensions as talks to end a 15-month trade war resumed.
Against the backdrop of the standoff between Indian and Chinese troops in eastern Ladakh, the White House press secy said the United States was closely monitoring the current situation and supports its peaceful resolution.
'For the first time, all major countries are discovering India's indispensability to their own foreign policy interests.'
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
It is difficult to recall an Indian minister in modern times pushing back at the US publicly, observes Ambassador M K Bhadrakumar.
China has not yet come out with an official reaction to Biden and Kamala Harris' victory in the November 3 presidential election even though official media here are carrying out commentaries on their election.
President Biden underscored that the United States will 'continue to stand up for its interests and values and, together with our allies and partners, ensure the rules of the road for the 21st century advance an international system that is free, open, and fair', the White House said in a readout of the meeting.
'The meeting marks the first tentative step in the effort to understand whether the two largest Asian nations can co-exist peacefully while realising their aspirations.' 'Caution and watchful wariness will dominate the effort of both sides,' says Jayadeva Ranade, former RA&W officer and China expert.
