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April 4, 2025 7:44 PM

China retaliates by announcing 34 % additional tariffs on US goods

China announced additional tariffs of 34 per cent on U.S. goods today, the most serious escalation in a trade war with US President Donald Trump that has fed fears of a recession. In the standoff between the world's top two economies, China also announced controls on exports of some rare earth ele...

April 4, 2025 7:39 PM

Surge in India’s foreign exchange reserves

India's foreign exchange reserves surged by 6.6 billion dollars, reaching over 665.4 billion dollars in the week ending March 28. According to the Weekly Statistical Supplement released by the Reserve Bank of India, during the last week, foreign currency assets, a major component of the reserves...

April 4, 2025 6:05 PM

US stocks registered biggest drop since COVID owing to fear of global recession

  US Stocks tumbled on Thursday, registering their biggest daily percentage drops since Covid pandemic in 2020 as US President Donald Trump's sweeping trade tariffs sparked fears of a global recession. The Nasdaq Composite Index led declines on Wall Street, plunging almost six percent, its largest...

April 4, 2025 6:11 PM

Major Asian markets ratlle by Trump’s announcement

Major Asian stocks extended their downward trend today rattled by Trump's tariffs announcement. Singapore's Strait Times index dropped three percent, Japan's Nikkei shed over 2.8 percent, and Korea's Kospi slipped more than 0.8 percent. Meanwhile, markets in Hong Kong and China were closed for Qingm...

April 4, 2025 6:00 PM

Rupee becomes strong by 21 paise to close at 85.23 against US dollar

          In the Forex market, the rupee today strengthened by 21 paise to close at 85 rupees and 23 paise against the US dollar amid a fall in oil prices and the weakening of the American currency. The dollar index, which indicates the US dollar's strength against a basket of six other...

April 4, 2025 5:16 PM

S Korea to maintain robust readiness against N Korean possible provocations

South Korean acting Defense Minister Kim Seon-ho today urged the military to establish a robust readiness posture against possible North Korean provocations following the Constitutional Court's ruling that ousted impeached President Yoon Suk Yeol. Kim convened a meeting of key commanders following...

April 4, 2025 5:00 PM

Stock market tumbles amid US tarrif jitters

          The benchmark domestic equity indices slumped more than one percent today, mirroring losses in global markets fuelled by US President Donald Trump’s tarrif jitters. The 30-share index at the Bombay Stock Exchange, Sensex, shed 931 points, or 1.22 per cent, to close at 75,365. Th...

April 4, 2025 8:23 PM

PM Modi expresses concern over safety & security of minorities in Bangladesh

Prime Minister Narendra Modi today expressed India's concerns relating to the safety and security of minorities in Bangladesh, including Hindus. In his meeting with the Chief Adviser of Bangladesh, Muhammad Yunus, on the sidelines of the BIMSTEC summit, he reiterated India's support for a democratic...