Global stock markets plunged Friday after China retaliated against the US with steep new tariffs, intensifying a trade war that investors fear could tip the world into recession. Despite a strong US jobs report, panic selling swept Wall Street and Europe, as investors braced for what many now see as an economic reckoning.The S&P 500…
The combined wealth of the world’s 500 wealthiest individuals decreased by $208 billion on Thursday following US President Donald Trump’s announcement of broad tariffs, causing global markets to decline sharply.This represents the fourth-largest single-day reduction in the Bloomberg Billionaires Index since its inception 13 years ago, surpassed only by declines during the peak of the…
Picture this: you’re at the grocery store, reaching for your usual $3 avocado, only to find it now costs $4.50. You look around for answers — inflation? Greedy grocers? Nope. It’s a global trade war. Welcome to Trump’s America, Round Two: Tariffs Edition.On Wednesday, President Donald Trump stood in the Rose Garden, squinting into the…
In the executive order document, India’s tariff was initially specified as 27%. (AI image) Is it 27% or 26% – what’s the reciprocal tariff announced by US President Donald Trump on India? It appears that India will face a 26% tariff, and not 27% as was originally published in the White House annexure.Multiple countries preparing…
NEW DELHI: Aircraft lessors will no longer need to fear their assets getting stuck in India for indefinitely long periods of time when an airline here goes belly up — something they witnessed in recent times from the Kingfisher fiasco in 2012 to GoAir closure two years back. India will soon have a law to…
The proposed US tariffs would mean unprecedented trade restrictions since the early 1900s. (AI image) Is the world staring at a recession? Economic forecasts have darkened on Wall Street following Donald Trump‘s broad tariff announcements, with major financial institutions signalling recession concerns. Bloomberg reports that JPMorgan’s Chief Economist Bruce Kasman has elevated global recession probability…
A discrepancy emerged between the White House annex and Trump’s Rose Garden presentation charts for at least 14 economies. US President Donald Trump’s reciprocal tariffs announcement on ‘Liberation Day’ left many confused due to different rates visible in the chart that Trump displayed and the annexure released as part of White House’s executive order.For example,…
Donald Trump intensified international trade tensions by implementing a universal 10% baseline tariff on US imports. (AI image) Stock market crash: Indian stock market indices, BSE Sensex and Nifty50, crashed on Friday amid global market turmoil triggered by growing recession concerns and new tariff declarations from US President Donald Trump. BSE Sensex and Nifty50 plunged…
MUMBAI: The rupee closed at 85.43 against the dollar, gaining seven paise from 85.50 on Wednesday. It had opened weaker at 86.75 after the US announced higher-than-expected tariffs on Indian imports.“The Indian rupee strengthened after a sluggish start, largely due to the weakening of the US dollar,” said Dilip Parmar, senior research analyst, HDFC Securities….
Market attention will now concentrate on the RBI’s monetary policy scheduled for April 9. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday following global cues. While BSE Sensex dipped below 76,000, Nifty50 was above 23,100. At 9:16 AM, BSE Sensex was trading at 75,953.43,…
