Business

April 17, 2025 9:58 AM

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Sharp fall in US stocks amid caution over impact of tariffs

US stocks fell sharply last night, hit by a double blow from Nvidia’s China-related warning and Federal Reserve Chair Jerome Powell’s caution over the economic impact of tariffs. The Nasdaq Composite sank 3.07 per cent, edging closer to bear market territory. The S&P 500 slid 2.24 percent, weigh...

April 17, 2025 7:44 AM

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WTO forecasts slump in Global trade this year due to tariff war

The World Trade Organization (WTO) has released its Trade Forecast for 2025 and 2026. The report has predicted that global trade will fall this year as a result of tariffs by United States President Donald Trump. WTO Director General Ngozi Okonjo-Iweala said in a statement that China-US decoupling i...

April 16, 2025 6:25 PM

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Gold Hits Record High Globally, Surpasses $3,300 mark

Global gold prices surpassed the 3,300 dollar mark for the first time today, as investors sought safe-haven assets after US President Donald Trump ordered a probe into potential new tariffs on US critical mineral imports. Spot gold price in international markets was up 2.4 percent to 3,311 an ounce,...

April 16, 2025 11:13 AM

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Sensex opens 165 points lower, Nifty dips 52

The domestic benchmark indices opened flat today amid weak global cues, as selling was seen in the IT and auto sectors in the early trade. The 30-share index at the Bombay Stock Exchange, Sensex, declined 165 points to open at 76,570. The National Stock Exchange Nifty-50 dipped 52 points to trade at...

April 15, 2025 6:14 PM

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Asian & European markets end in gain

Major Asian stocks edged up today. Singapore's Strait Times index surged over 2.1 per cent, South Korea's Kospi Index as well as Japan's Nikkei, both gained over 0.8 per cent each, Hong Kong's Hang Seng index added 0.23 per cent, and China's Shanghai Composite index rose slightly 0.15 per cent. Mean...

April 15, 2025 6:27 PM

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Oil prices down after IEA cuts demand

Oil prices inched down today after the International Energy Agency (IEA) slashed its oil demand forecast. Brent Crude was trading over 0.7 percent down at 64 dollars and 42 cents per barrel. WTI Crude was also trading over 0.7 per cent down at 61 dollars and seven cents per barrel, when reports last...

April 15, 2025 5:58 PM

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Rupee strong against US dollar by 28 paise

In the Forex market, the rupee today strengthened by 28 paise to close at 85 rupees and 77 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 99.85 in intra-day trade.

April 15, 2025 5:45 PM

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March retail Inflation falls to lowest since August 2019

India's retail inflation eased to 3.34 percent in March from 3.61 percent in February, driven by significant easing in food prices. According to data released by the Ministry of Statistics and Programme Implementation, it is the lowest year-on-year inflation after August, 2019. Meanwhile, inflation ...