Asian equities opened lower after a selloff in technology stocks hit Wall Street Friday, with chip shares among the losers. Indexes in Japan and South Korea opened lower along with Australian stocks. Samsung Electronics Co. and SK Hynix Inc. slid after the US Commerce Department removed the companies from the list of entities authorized to … Read more
अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने बुधवार को वैश्विक व्यापार मोर्चे पर आक्रामक रुख अपनाते हुए पहले 7 देशों पर भारी टैरिफ लगाने की घोषणा की. इसके बाद उन्होंने ब्राजील पर भी टैरिफ बम फोड़ा और सीधे 50 प्रतिशत आयात शुल्क लगाने की घोषणा की. इससे पहले उन्होंने अल्जीरिया, इराक, लीबिया, श्रीलंका (30%), ब्रुनेई, मोल्दोवा (25%) … Read more
When the US expanded its financial might in the Second World War, global finance became the subject of a rapid transformation. In the post-World War, the US became the de facto top global power, and the US Dollar essentially became the currency of might, as well as trade, something that went on to become the … Read more
The Asia-Pacific Economic Cooperation group said Friday that it was “concerned” over the challenges to global trade, as ministers from APEC countries met in South Korea in the shadow of growing woes from US tariffs. Trade ministers from the top economies that make up APEC are meeting on South Korea’s Jeju Island amid concerns for … Read more
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of the world like President Donald Trump has done with his tariffs that roiled global markets.. “It’s a big mistake in my view when you have 7.5 billion people who don’t … Read more
The Nifty Auto Index has experienced a significant decline of almost 28% since reaching its peak in September 2024. This downturn can be attributed to a combination of factors such as US tariff worries, a decrease in automobile demand, and a general market correction. Consequently, the majority of auto stocks have witnessed notable declines. Within … Read more
Increased trade policy uncertainty and prospects of new tariffs could weigh on global trade in the medium term, the World Trade Organisation (WTO) said Wednesday. As per the organisation’s Goods Trade Barometer, global goods trade appeared to remain steady in the fourth quarter of 2024 and looked set to continue growing in the first months … Read more
Florida: President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that … Read more
A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
New Delhi: The global trade growth is expected to pick up gradually this year after a contraction in 2023 but regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial downside risks, according to a WTO forecast released on Wednesday. The World Trade Organisation (WTO), however, lowered the trade growth projection for 2024 to 2.6 … Read more