archiveUS tariffs

May 7, 2025 3:58 PM ISTUS Stock Market Live: Russian Crude Production Below OPEC+ TargetRussia kept its crude oil production below the nation’s OPEC+ quota in April, according to people familiar with the data. Producers pumped 8.975 million barrels a day last month, almost unchanged from March levels, the people said, asking not to be identified because the information isn’t public. That’s 23,000 barrels a day below Russia’s target for April under the OPEC+ deal, including compensation for past overproduction. Compliance with the supply agreement of the Organization of the...

US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet their Chinese counterparts in Switzerland later this week. Futures on the Dow Jones are up 280 points, while those on the S&P 500 and Nasdaq are up 50 points and 200 points respectively. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top...

US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet their Chinese counterparts in Switzerland later this week. Futures on the Dow Jones are up 280 points, while those on the S&P 500 and Nasdaq are up 50 points and 200 points respectively. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top...

US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet their Chinese counterparts in Switzerland later this week. Futures on the Dow Jones are up 280 points, while those on the S&P 500 and Nasdaq are up 50 points and 200 points respectively. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top...

The global economy is undergoing a reset. Tariffs and protectionism pose real challenges—but they also offer countries like India a chance to lead.This shift puts India in a unique spot. For years, high tariffs acted like a safety net for our domestic industries—often protecting big business from real global competition. But now, with mounting pressure to bring those tariffs down, Indian companies will have to step up. They’ll need to focus on better quality, smarter innovation, and real efficiency if they want to compete. For consumers, that’s a win, more...

The yen advanced past the psychological level of 140 against the dollar as investors sought alternatives to the greenback amid increasing risks for US assets.With the independence of the Federal Reserve under threat, heightened unease from tariffs and a looming meeting between the finance chiefs of Japan and the US, the yen broke through resistance to appreciate as much as 0.7% to 139.90 per dollar. That was its strongest level since September and made it the best performer among Group-of-10 currencies on Tuesday. President Donald Trump’s trade war has boosted...

By Siti Noor Afera Abu KUALA LUMPUR, April 11 (Bernama) -- The ringgit ended the week firmer against the US dollar, supported by weaker sentiment towards the greenback amid escalating US-China trade tensions. At 6 pm, the local currency rose to 4.4200/4265 against the US dollar, up from Thursday’s close of 4.4670/4730. Year to date, the ringgit has strengthened by 1.09 per cent. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit’s appreciation aligned with the decline in the US Dollar Index (DXY),...

Last week might well be remembered as the weak globalisation began to bleed in full public view. Markets reeled not merely because of fresh rounds of retaliatory tariffs between the United States and China, but because they sensed something deeper—a rupture in the global trade order that has underwritten peace, prosperity, and stability for over seven decades. If last week was a warning, this week might offer no reprieve. Especially as India’s own monetary policy committee meets under the shadow of cascading geopolitical risks, the interplay of trade and currency...

Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets.Bitcoin shed about 7% of its value from Sunday night through to Monday morning in Singapore to reach a low point of $77,077. Second-ranked token Ether plummeted to $1,538, an intra-day low not seen since Oct. 2023. Both Bitcoin and Ether later pared losses. The slide comes as US president Donald Trump dug in on sweeping tariffs that have already wiped trillions in value from US equities. US equity-index futures slumped and the Yen...

Former World Bank Chief Economist Kaushik Basu analyzes the impact of US reciprocal tariffs on India, stating it will have a negative impact on both countries. He suggests India focus on expanding trade with other nations.New Delhi, Apr 6 (PTI) Former World Bank Chief Economist Kaushik Basu on Sunday described the reciprocal tariffs imposed on approximately 60 countries by the Trump administration as baffling, saying that while these tariffs will have some adverse effects on India, the major impact will be felt in the US.Basu further said that it is...