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Website title: News: India News, Latest Bollywood News, Sports News, Business & Political News, National & International News | Times of India

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US existing home sales saw a slight monthly increase in November, reaching a seasonally adjusted annual rate of 4.13 million units. Despite this, the national median sales price continued its upward trend, rising 1.2% year-on-year to $409,200.

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Wall Street opened higher, boosted by AI-linked stocks and a positive outlook following the Bank of Japan's anticipated interest rate hike. Major indices saw gains, with Nvidia leading the tech sector. Winnebago Industries surged on strong earnings, while Nike experienced a significant drop due to tariff concerns.

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The Asian Development Bank committed $4.258 billion in sovereign lending to India for 2025, supporting key sectors like workforce skilling, renewable energy, and urban infrastructure. Major initiatives include financing for PM-SETU skilling program and the PM Surya Ghar rooftop solar scheme, alongside investments in urban transport and healthcare.

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India's foreign exchange reserves surged by $1.689 billion to $688.949 billion in the week ending December 12. Special Drawing Rights and India's reserve position with the IMF also saw modest gains.

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China has initiated a WTO dispute against India, challenging New Delhi's tariffs on ICT products and solar sector subsidies. Beijing claims these measures violate WTO rules, grant unfair advantages to Indian industries, and harm Chinese interests.

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