A trade war looms between the US and China. Expert Shaun Rein believes China can endure economic hostilities better than the US. He criticizes US policy as inconsistent and driven by personal motives. China has reduced its reliance on the US, diversifying trade and investments. Beijing holds leverage, potentially impacting the US dollar’s global role.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs