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It is the season of surprises. As if the surgical strike on black money in India was not enough Donald Trump to the surprise of many was today elected the 45th President of the United States.

Chinese President Xi Jinping on Monday called US President-elect Donald Trump to emphasise that cooperation was the only way forward to maintain and improve bilateral relations between the world's two largest economies

Sticking to his pre-election rhetoric, US President-elect Donald Trump on Sunday warned of imposing a 35% tax on products manufactured by American companies that either requires jobs to be outsourced overseas or build a new manufacturing facility in another country.

US President-elect Donald Trump today called for cancelling the order of Air Force One to Boeing, slamming the plane manufacturer for the "ridiculous" high cost of over $4 billion.

China's November imports grew at 6.7% year-on-year, the fastest pace in over two years, led by a strong pick up in domestic demand of commodities including coal and iron ore, while exports also rose marginally, thereby reflecting a pickup in Chinese and global markets demand.

Underlining that both India and the US stand to benefit greatly from deeper engagement, a group of three eminent experts from a top American think-tank have called on the incoming Donald Trump administration to establish an early connection with a "rising" India.

Pharmaceuticals contribute as much as 5% to all Indian exports, and US is the biggest export market for Indian pharma, contributing one

Donald Trump has made it amply clear that the landmark Iran nuclear deal negotiated by former President Barrack Obama is a 'bad deal'. Recent test-firing of ballistic missiles by Iran lead to a bitter feud between the two countries, ending in sanctions being imposed on companies and individuals related to missile programs in Iran.

The US President urged the Indian Prime Minister to relax the trade barriers in order to reduce their trade deficit. Speaking to the media at the historic Rose Gardens in the White House both the leaders appeared to be at ease with one another and read out statements that portrayed the importance of a strong US-India relationship. Watched by the world media, both the leaders stressed the strong commitment being made towards bilateral relations.

The central banks are entering the next recession, and historical standards already inflate the financial statements - the Fed is 20 per cent GDP.

Keeping in view the US' recovering economy and the investors' positive sentiments around it, the US Federal Reserve