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US stocks jump after heavy sell off

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New York: US stocks rebounded sharply on Tuesday, as investors sought out bargains after the Dow Jones Industrial Average’s worst three-session drop. At midday, the Dow Jones Industrial Average surged 384.62 points (2.42 percent), to 16,255.97. The S&P 500 gained 46.94 points (2.48 percent), to 1,940.15. The Nasdaq Composite Index spiked 153.63 points(3.39 percent), to 4,679.88. The Nasdaq Composite Index leapt more than 3 percent as Chinese stocks such as JD.com and Baidu led advancers. Shares of Alibaba, the Chinese e-commerce giant, rose 4.18 percent in the early trading.

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The People’s Bank of China (PBOC), China’s central bank, announced Tuesday a cut in the reserve requirement ratio (RRR) and lower key interest rates. Wall Street cheered the move, which was described in a PBOC statement as “promoting restructuring” to “stabilize the real economy. “Investors also kept an eye on new home sales and US consumer confidence index. US sales of new single-family houses in July were at a seasonally-adjusted annual rate of 507,000, said the Commerce Department Tuesday.

US consumer confidence index for August came in at 101.5, up from 91.0 in July, according to the New York-based research group Conference Board Tuesday. US stocks plunged on Monday, with the Dow Jones Industrial Average diving more than 500 points, as a rout in global markets continued to intensify. All three major Wall Street indexes fell into correction mode over the past two sessions. The CBOE Volatility Index, often referred to as Wall Street’s fear gauge, soared 45.34 percent to end at 40.74 on Monday.

(IANS)

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Donald Trump Planning to meet Putin during his Asia tour

Donald Trump's first trip to Asia is the longest international tour.

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US President Donald Trump
US President Donald Trump. wikimedia commns
  • US President Donald Trump said on Sunday that he expected to meet his Russian counterpart Vladimir Putin during his Asia tour.

“I think it’s expected we’ll meet with Putin, yeah. We want Putin’s help on North Korea, and we’ll be meeting with a lot of different leaders,” Donald Trump told reporters on Air Force One before landing at the Yokota Air Base in Japan, Efe reported.

Putin is scheduled to participate in the Asia-Pacific Economic Cooperation (APEC) summit in Da Nang, Vietnam, which Trump will also attend as part of his long Asia tour.

The North Korean nuclear threat is expected to dominate Donald Trump’s meetings in Japan and the next two stages of his tour, South Korea and China, where he will have a highly anticipated sit-down with Chinese President Xi Jinping.

The remainder of the tour will be more focused on economic issues, with Trump scheduled to take part in the APEC meeting in Da Nang and then in the Association of Southeast Asian Nations (ASEAN) Summit and the East Asia Summit in the Philippines.

Donald Trump’s first trip to Asia is the longest international tour by a US head of state since the one then-President George H.W. Bush embarked on in 1992.

Bush became ill at the end of that trip, famously vomiting on the Japanese prime minister’s lap at a formal dinner before fainting.(IANS)

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Actress Aparna Sen to attend 8th Chicago South Asian Film Festival

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Legendary Indian film actor and Padma Shri awardee Aparna Sen will be in Chicago this week. She is synonymous with bringing Bengali cinema closer to the masses not just in India but globally too finds an artistic proximity to Chicago. She says that the architecture of the city reminds her of a studio set from a movie.

Currently in the US, Sen has been having a very hectic schedule as her latest directorial venture, Sonata, is all set to be screened at film festivals in the US.

Amidst her busy schedule Aparna Sen takes out some time to talk to
Hi India! about her creative pursuits, the scope of regional Indian cinema in the US and of course about her love for museums and eateries in Chicago

“I have been to Chicago twice before this, and I’ve enjoyed the city hugely both times. I particularly like the downtown area with its interesting art deco architecture, its museums and eateries.” – Aparna Sen

Sen who has also directed critically acclaimed films such as 36 Chowringee Lane, that won her Best Director Award at the Indian National Film Awards is looking forward to the screening of her recent directorial film Sonata in America

Aparna Sen will be in the city to attend the 8th edition of Chicago South Asian Film Festival and is appreciative of the interest alternate Indian films have been creating in the US.

(IANS)

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India Progressing Better than US, China in Digital Healthcare

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Digital Healthcare
Digital Healthcare in India. Pixabay

New Delhi, Sep 22, 2017: India has progressed better than US and China in terms of its specialist doctors adopting digital modes to interact with patients and prescribe medicines, a study revealed on Friday.

According to the study, gap in US between the face-to-face medicines and medical representatives triggered mails narrowed down from 15 per cent in 2015 to 12 per cent in 2017. The study stated that digital channels are slowly but surely gaining ground over traditional ones. This year, the gap further narrowed to around 12 per cent.

 “India witnessed the narrowing of the gap between face-to-face tablet and medical representatives triggered mail from 34 per cent in 2015 to 8 per cent in 2017,” said the study conducted by Indegene — a company offering research and development solutions to healthcare and pharmaceutical enterprises.

The highest number of specialist who have adopted digital platform to deal with patients are Cardiologists, General Surgeons, Pulmonologists, Endocrinologists, and Oncologists.

(IANS)