As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trumpâs reciprocal tariffs come into force from 2…
Indexes off: Dow 0.33%, S&P 500 0.13%, Nasdaq 0.13% Advanced Micro Devices down after brokerage downgrade Q4 GDP up 2.4%, weekly jobless claims at 224,000 By Pranav Kashyap and Johann M Cherian March 27 – Wall Street seesawed between marginal gains and losses on Thursday, as investors grappled with President Donald Trump’s latest trade gambit…
Global investors are selling U.S. stocks en masse, reallocating money elsewhere as Washington amps up volatility with tariffs. European investors had removed a net $2.374 billion from U.S. equity exchange-traded funds in March as of Tuesdayâs close, after pulling out about one-sixth that amount in February. New money was instead put into local European equity…
Stock market today: Indian markets, which opened lower on Thursday, March 27, tracking weak global cues, quickly reversed their losses as financial stocks led a rebound, bringing the frontline indices back into action after the sharp sell-off in the previous session. The rebound in oil & gas, realty, and metal stocks has supported the indices,…
Discussions focused on bringing Indian duties on US products in line with the tariff levels imposed by the US on Indian goods. In return, India sought relief from US compliance burden on shrimp, processed food items, pharmaceuticals, and chemicals, among others, the people cited above said on the condition of anonymity. A US delegation led…
India has levied anti-dumping duties on five Chinese products that were being imported below market prices, raising suspicion of their being âdumped” here. These barriers should help protect Indian producers against potentially unfair competition from a country faced with low domestic demand, deflationary pressures and over-capacity. Also Read: Stay vigilant: Chinaâs economic woes could spill…
On the face of it, the chaotic action and frenetic pace of US President Donald Trumpâs first 50 days in office lack cohesive thought and direction. Dig deeper and a picture emerges of a potential âframeworkâ or âgrand design.â Believers see two main reasons for a reset of the global trade order. The first is…
The Federal Reserve, the central bank of the United States, is driving blindfolded. Thatâs my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which itâs allowing securities to roll…
A US senator said following meetings with top Chinese officials that Beijing needed to take action on stopping the flow of fentanyl precursors to the US before further talks on trade. âItâll be difficult to have any conversation about tariffs and non-tariff barriers until the fentanyl precursor issue is resolved,â Steve Daines, a Montana Republican,…
Some of Donald Trumpâs reasons for imposing tariffs on countries are understandable, even if their fitness for the purpose is debatable. Demanding that Mexico impose tighter border controls, Europe raise defence expenditure and China prevent fentanyl smuggling or else suffer economic punishment is coercive diplomacy. A good threat comprises a promise of punishment if the…
