Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after US President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Brent futures were up $1.8, or 3%, to $64.6 a barre – the contracts lost…
MUMBAI: RBI has moved to tighten oversight of gold-backed lending. In draft guidelines released on April 3, the central bank proposed a uniform cap on the loan-to-value (LTV) ratio for gold loans, limiting it to 75% of the collateral’s worth. For NBFCs, this ceiling will apply uniformly, regardless of whether the loan is for consumption…
An aerial view of Xiasha Container Terminal on a canal in Hangzhou in east China’s Zhejiang province (Pic credit: AP) US President Donald Trump‘s latest round of sweeping tariffs—now fully in effect—are expected to deliver a significant blow to China’s economy, with Goldman Sachs warning that the 104 per cent total tariff on Chinese goods…
Global markets experienced significant declines on Wednesday as the US-China trade war escalated. China retaliated to US tariffs with an announcement of new levies of 84% on US goods, causing US equity futures to fall by 1.7%. European stocks also slumped, losing more than 4%, according to Bloomberg.The selloff continued as the yield on 30-year…
Reciprocal tariffs on China were raised to 125% by Trump. US President Donald Trump on Wednesday a 90-day pause on the rollout of reciprocal tariffs on most countries, with the exception of China. US stock markets reacted positively to the news, showing remarkable gains. The S&P 500 index climbed 5.7% after recovering from a 0.7%…
India’s economy is set to grow at 6.7% in the current fiscal year, driven by robust domestic demand, rising rural incomes, and moderating inflation, according to the Asian Development Bank’s (ADB) Asian Development Outlook (ADO) report for April 2025. ADB forecasts the GDP to continue growing at a pace of 6.8% in FY26 (2026-27), supported…
US stock markets showed a mixed but slightly positive performance on Wednesday, with the Nasdaq Composite leading the charge. Investors appeared to focus on broader market trends, buoyed by solid earnings reports and continued growth in tech stocks.As of 9:50 AM GMT-4 on April 9, 2025, the Dow Jones Industrial Average had climbed by 21.35…
Lego opened a $1 billion factory in Vietnam, marking a major step in the Danish toymaker’s bid to strengthen its presence across Asia. The new plant is located in the southern province of Binh Duong, is the company’s second facility in Asia and its sixth globally. The factory is designed to cater exclusively to the…
The Securities and Exchange Board of India (Sebi) has eased disclosure norms for foreign portfolio investors (FPIs) by increasing the asset threshold for granular beneficial ownership disclosures from Rs 25,000 crore to Rs 50,000 crore. This move comes in response to the significant growth in the market size, with cash equity trading volumes more than…
This is a representational AI image (Pic credit: Lexica) Indian pharmaceutical stocks slumped on Wednesday after US President Donald Trump renewed his threat to impose sweeping tariffs on all pharmaceutical imports, an announcement that sent shockwaves through drug industry in India, which heavily relies on exports to the US.The Nifty Pharma index dropped 1.7 per…
