TRADE WAR
OPEC+ agrees on output boost from October
OPEC+ decided to increase oil supply. They will add 137,000 barrels a day from October. This is part of a larger plan to release 1.65 million barrels a day. The decision shows optimism about the oil market. The group aims to regain market share. The next meeting is scheduled for October 5.
Gold on a hot run, central banks and RBI go slow on buys as geopolitics also weighs
Global central banks are showing caution in gold buying. They are navigating geopolitical issues and high prices. The long-term plan to move away from US assets continues. Reserve Bank of India is also watching geopolitical cues. High gold prices are a reason for the slowdown. RBI's gold holdings remain at a record high of 880 tonnes.
With a bit of tariff help? How Trump's theatrics may mask the real danger
Amidst concerns over Donald Trump's trade policies, India faces challenges in its relationship with the US. The potential for a 'Trump model' of protectionism worries policymakers, prompting considerations for supporting Indian exporters, especially SMEs, impacted by tariffs. While major exports remain stable, labour-intensive sectors suffer.
'Build, baby, build': Canada PM's plan to counter Trump
Prime Minister Mark Carney's "Build, baby, build!" plan aims to revitalize Canada's economy amidst Trump's trade war. The new Major Projects Office will fast-track infrastructure projects, including ports, highways, and potentially a controversial oil pipeline.
Gold price prediction: Gold rate up by 90 per cent, Gold ETFs see record demand. What to expect in September, October?
Gold rate has gone up big time as Gold ETFs have become a more important source of demand for gold this year. Where will gold price hit in September and upcoming months?
- Go To Page 1
iPhones drive Apple India sales to record $9 billion in FY25
Apple's India sales reached a record high of almost $9 billion in fiscal year 2025. iPhone sales drove this growth. The company is expanding its retail presence with new stores in Bengaluru, Pune, Noida and Mumbai. Apple's manufacturing in India is also increasing, with one in five iPhones now made there.
Trump offers peace pipe. Modi responds. What next?
After a period of heightened tensions marked by sharp rhetoric, a sudden shift in tone has occurred between US President Donald Trump and India's Prime Minister Narendra Modi. Despite earlier criticisms and concerns over India's foreign policy, both leaders are now expressing warmth and optimism about the bilateral relationship.
AI boom can deliver $100 billion-plus deal: Barclays banker Andrew Woeber
Barclays’ top banker Andrew Woeber expects a $100 billion-plus M&A deal within a year, citing rising confidence and aggressive investments by tech giants in AI. Companies globally have announced more than $1 trillion of deals since June, defying the normal slowdown in the summer months., the highest since 2021.
US Jobs openings crash to 85,000 a month from staggering 400,000 per month but there is a relief for employees - details here
U.S. job market has lost momentum this year, partly because of the lingering effects of 11 interest rate hikes by the inflation fighters at the Federal Reserve in 2022 and 2023 and partly because President Donald Trump’s trade wars have created uncertainty that is paralyzing managers making hiring decisions.
Cashify-Google deal expected to double Pixel’s presence in India’s smartphone market
Cashify's exclusive partnership with Google aims to boost Pixel's market share in India, targeting a rise from under 2% to at least 5% within 12-18 months through certified refurbished devices. This collaboration provides Cashify with access to discounted Google spare parts, aligning with India's right-to-repair initiatives.
Jane Street's $10.1-biilion trading haul sets Wall Street record
Jane Street Group achieved a record-breaking $10.1 billion in net trading revenue during the second quarter, surpassing major Wall Street banks. This surge, more than double the previous year's figure, propelled their first-half trading revenue to an unprecedented $17.3 billion. The firm benefited significantly from the market volatility spurred by President Trump's tariffs and subsequent investor repositioning.
BRICS leaders schedule virtual meeting to discuss Trump tariffs
Brazil's President Lula is convening a virtual BRICS meeting to address Donald Trump's trade policies and advocate for multilateralism. The meeting follows escalating trade tensions with the US, including tariffs imposed on Brazil and visa revocations for Supreme Court justices. With shifting dynamics among BRICS nations, a stronger stance against US tariffs may emerge.
Lula readies Brics for wall against US tariffs
Trump thrust Brazil into the middle of his global trade war in July, threatening to impose higher tariffs unless the country's Supreme Court immediately halted the trial in which former President Jair Bolsonaro faces charges of attempting a coup. Latin America's largest economy is now subject to 50% tariffs, although the US has exempted hundreds of goods such as airplanes and orange juice.
China manufacturing shrinks in August despite new US trade truce
China's factory output saw a slight increase in August. However, it marked the fifth consecutive month of decline. Trade discussions with the United States are ongoing before the November tariff deadline. The Purchasing Managers' Index showed a slight rise from July. China faces challenges including a property sector debt crisis and low consumption.
US appeals court rules Trump's tariffs illegal, setting stage for Supreme Court battle
A US appeals court has deemed most of Donald Trump's tariffs illegal, challenging his key economic policy. The court allowed a temporary stay until October 14 for a potential Supreme Court appeal. This decision, alongside a legal battle over Federal Reserve independence, sets up a major legal showdown over Trump's economic policies, impacting trade relations and financial markets.
Trade war: Trump starts with China and then hits many in the world
Trump Tariffs: Donald Trump's trade policies initially targeted China. These policies have now broadened to include other nations. The US ended the 'de minimis' exemption, impacting global e-commerce. India faces increased tariffs amid evolving geopolitical dynamics. Trade disputes strain relationships with Quad partners like Japan and Australia. America's trade strategy now uses tariffs as global leverage.
Western voices rally behind India in Trump tariff row
Western experts and publications are backing India as the Trump administration takes a harder line on New Delhi, pressing Europe to raise tariffs, tightening visa rules, and accusing India of misuse. While US Treasury Secretary Scott Bessent warned tariffs would not ease, critics like Evan Feigenbaum and The Economist called the approach self-defeating, arguing it risks undoing decades of US-India ties and could push India closer to BRICS.
Load More
