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Bitcoin (BTCUSD) fell below $87,000 Tuesday—a sharp drop from the $95,000 level at which it was trading two days ago and the $100,000 mark it tested late last week—as fears about economic uncertainty deepened the sell-off in the cryptocurrency markets.

Donald Trump doubled down on threats to impose punishing tariffs on Canada and Mexico Monday, saying the 25-per-cent levies were “on schedule” to go ahead March 4.

(Bloomberg) — Bank of Nova Scotia beat estimates as it benefited from lower funding costs after the country’s central bank cut interest rates by 200 basis points since last June, even as it set aside more money than expected for possibly bad loans.

Ethereum, XRP, and Solana, tumbled on Tuesday amid concerns over U.S. investment restrictions on China. As of 1:04 PM IST, Bitcoin fell 5.4% to $89,626. Ethereum dropped 7.7% to $2,498. The global crypto market cap declined 4.7% to $2.98 trillion in the past 24 hours.

Gold prices hovered near a record high on Tuesday, supported by safe-haven demand amid concerns over U.S. President Donald Trump's tariff plans which could fuel inflation and escalate a global trade war.

Asian stocks started on a risk-off mood Tuesday after US President Donald Trump’s move to curb Chinese investments and proceed with tariffs on Canada and Mexico prompted investors to trim positions. A decline in US stocks at the end of trading also hurt sentiment. Shares in Australia and Japan opened lower while futures pointed to a 2% drop in Hong Kong. A gauge of Chinese shares in the US had its biggest drop in more than four months after Alibaba Group Holding Ltd.’s American depositary receipts closed down 10%, the biggest decline since October 2022. The yield on 10-year Treasuries slid 1 basis point to 4.4% in early Asian trading while gold touched a record Monday.

The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter.

President Donald Trump said he expected tariffs planned to take effect on Canada and Mexico to go ahead next month following an initial delay to allow the countries more time to address his concerns over border security.

Subscribe to enjoy similar stories. India and the UK returned to free trade negotiations on Monday after a year's gap, offering a glimmer of optimism in a world witnessing a surge in protectionism. According to commerce minister Piyush Goyal, the proposed free trade agreement (FTA) may raise India-UK trade by as much as threefold in the next 10 years, at a time when rising tariff walls threaten to put a dampener on free movement of goods and services.

Emerging-market stocks fell on Monday, after posting the longest streak of weekly gains since 2020, as President Donald Trump’s latest executive order deepened investor concerns over the economic showdown between the United States and China.

The Trump administration's tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis. This at a time when drivers continue to see costs soar amid pandemic-era inflation.

Reserve Bank of India has expressed caution over the impact of global trade tensions and protectionist policies on India.

Subscribe to enjoy similar stories. Might this be the year that stagflation returns to the US? It has been half a century: The last time the US economy had both excessively high inflation and unduly high unemployment was in the mid-1970s, with inflation rates reaching 12.2% in 1974 and unemployment at 8.5% in 1975. The new stagflation is unlikely to be as extreme as that.

Geoff Dennis, Independent Emerging Markets Commentator, says even if the dollar gains strength again, it won't rise significantly enough to heavily impact the rupee. A strong rebound in the dollar would mainly affect currencies that have already increased a lot, such as the Brazilian real and the Mexican peso. Therefore, I would cautiously and gradually look to rebuild my positions in India, while remaining skeptical as an emerging market investor about the situation in China. Today is one of those rare days where we have not had any commentary coming in from Trump this morning with regards to tariffs. But how should one actually brace themselves, given the fact that every day you have a new addition to the tariff list? Geoff Dennis: Well, there is a lot of uncertainty about tariffs. There is a lot of uncertainty as to what we get with tariffs and when and who will be impacted by it. But at the moment, there is not a lot in the way of a new narrative. If you look at what the markets are doing with bond yields having pulled back in the US from 4.8 to 4.5 for 10 years, the dollar being weaker on the year, particularly since the middle of January, it looks to me that the peak of the Trump trade has passed. We have seen some profit taking, some rotation.

Subscribe to enjoy similar stories. Brian Niccol wants to give Starbucks’s operations a caffeinated jolt. Roughly five months into his tenure running the world’s largest coffee chain, Niccol is spearheading changes to overhaul the business and improve the brand’s perception with consumers.

yen shot to a 2-1/2 month high on Friday on the back of a jump in Japanese inflation, while the dollar was set for a third weekly drop in a row as traders calculated the start of Donald Trump's second term has been mostly bluster on the tariff front. The yen broke through chart resistance at 150 per dollar overnight and it strengthened as far as 149.285 per dollar in the Asia morning after Japan recorded core inflation running at its fastest pace for 19 months in January.

Mexican President Claudia Sheinbaum on Thursday announced to propose constitutional reform to further protect the country's national sovereignty.