Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Some 30,000 Indian soldiers guarding the border with Bangladesh have a new mandate under Prime Minister Narendra Modi's government this year - stop cattle from crossing illegally into the Muslim-majority neighbor.
Roughly every other night, troops armed with bamboo sticks and ropes wade through jute and paddy fields and swim across ponds to chase ageing bovines, and smugglers, headed for markets in Bangladesh.
The crackdown is one of the clearest signs yet of how Indian policies, increasingly influenced by Hindu nationalist ideology, are having an economic impact on neighboring countries as well as the sizeable Muslim minority at home.
About 2 million head of cattle are smuggled into Bangladesh annually from India. The $600 million-a-year trade has flourished over the past four decades and is considered legal by Dhaka.
Modi's government, which came to power with the help of the Hindu nationalist Rashtriya Swayamsevak Sangh (RSS), wants to put an end to it.
Read MoreA fresh start on the farm
Interior Minister Rajnath Singh traveled this spring to the frontier with Bangladesh, calling on India's Border Security Force to halt cattle smuggling completely so that the "people of Bangladesh give up eating beef", media reported at the time.
"Killing or smuggling a cow is equivalent to raping a Hindu girl or destroying a Hindu temple," said Jishnu Basu, an RSS spokesman in West Bengal, which shares a 2,216 km (1,375 miles) border with Bangladesh.
Beef prices up, exports down
So far this year, BSF soldiers have seized 90,000 cattle and caught 400 Indian and Bangladeshi smugglers.
Bangladeshi traders who operate auctions to facilitate the sale of cattle to slaughter houses, beef processing units, tanneries and bone crushing factories estimate the industry contributed 3 percent to the country's $190 billion economy.
The hit to GDP from India's policies is not yet known. But H.T. Imam, a political adviser to Bangladesh Prime Minister Sheikh Hasina, said there was "absolutely no doubt" that the beef trade and leather industry were suffering.
Syed Hasan Habib of Bengal Meat, Bangladesh's top beef exporter, said it had to cut international orders by 75 percent. The company exports 125 tonnes of beef a year to Gulf countries.
He said the price of cows had gone up by 40 percent over the past six months because of India's move, and they had been forced to close two processing units.
Habib plans to import cows from Nepal, Bhutan and Myanmar to meet domestic demand, but he said Indian cows had better quality meat and raw hide.
Bangladesh Tanners Association president Shaheen Ahmed said 30 of 190 tanneries had suspended work due to lack of hides, and about 4,000 workers were jobless.
A senior official in India's home ministry said Bangladesh should find new sources of beef because India would stick to its stance.
Cow protection force
India is home to 300 million cattle and is the world's largest beef exporter and fifth-biggest consumer.
But since Modi's Bharatiya Janata Party, which is closely linked to the RSS, came to power last year, the rhetoric on cow protection and the beef ban has increased.
Critics say tougher anti-beef laws discriminate against Muslims, Christians and lower-caste Hindus who rely on the cheap meat for protein. Butchers and cattle traders, many of them Muslim, say the push threatens thousands of jobs.
The rhetoric has also emboldened vigilante cow protectors.
"I was chained to a tree and beaten by members of the cow protection force. They forced me to recite a Hindu prayer," said Mohammed Tarafdar, who was caught smuggling two calves near the Bangladesh border in April.
"My religion permits me to eat and sell beef, so why should Hindus have a problem?" said Tarafdar, sitting in a crammed prison cell in Basirhat district.
Some BSF soldiers said they could not understand why they were chasing cows. Some animals are caught and auctioned by the BSF, only to be bought and smuggled again.
Two soldiers were killed by a gang of Bangladeshi smugglers, while three dozen have been injured by the animals.
"It is a wild chase, but not of a kind a soldier appreciates," said Vivek Tyagi, a BSF commander at the Ghojadanga check post.