Beijing: China on Wednesday hit back at US President Donald Trump’s tariffs on Chinese exports with 84 percent levies on its imports from America, intensifying the trade war between the top two economies of the world. The hike in levies, up from 34 percent, came hours after Trump’s explosive new tariffs on 60 countries, including…
Panaji: Trump’s “explosive” tariffs are now in effect, including 104% on China, the world’s biggest exporter. Also on the list are 60 of the “worst offending” countries – who will face tariffs ranging from 11% to 50%. President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs….
Mumbai: The Reserve Bank on Wednesday cut India’s growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of the impact of global trade and policy uncertainties. Prospects of the agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in…
Mumbai: The RBI on Wednesday slashed key interest rates by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6 per cent, providing relief to home, auto,o and corporate loan borrowers….
Kolkata: Lucknow Super Giants skipper Rishabh Pant on Tuesday said the message to the bowlers was to stick to the plan and not experiment much after the Kolkata Knight Riders batters came out all guns blazing in the powerplay. Chasing a daunting 239, KKR raced to 129/2 at the halfway mark but suffered a late…
New Delhi: Indian Oil Corporation (IOC), the nation’s largest oil firm, will invest over Rs 61,000 crore in setting up a mega petrochemical complex at Paradip in Odisha to meet the rising demand for petrochemicals in the world’s fastest-growing economy, its chairman AS Sahney said. IOC has signed a memorandum of understanding with the Odisha…
New Delhi: India’s merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by USD 5.76 billion this year due to increased American duties, according to the data analysis of think tank GTRI. However, it added that India’s competitive position in select product segments may help…
Mumbai: Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 per cent, mirroring a sharp fall in global equities, after US President Donald Trump’s tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the…
Online Desk The People’s #Bank of #China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world’s #trade volume will bypass the SWIFT system dominated by the US dollar and directly enter…
Colombo: On Saturday, Sri Lanka conferred its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening the ties between the two countries. The award was bestowed on Modi by President Anura Kumara Dissanayake at a ceremony held at the presidential secretariat. “It is a matter of…
