The India-Australia Economic Cooperation and Trade Agreement (ECTA) signed in April needs ratification by the Australian parliament before its implementation. In India, such pacts are approved by the Union Cabinet. The issue came up for discussion during a virtual meeting between Commerce and Industry Minister Piyush Goyal and Australia’s Minister of Trade and Tourism Don Farrell.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.