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Trump escalated the global trade wars with his plans to slap aggressive tariffs on auto imports from next week. There was no uniform flight to safety, however, even though gold leaped to a new high, as mounting inflation concerns pushed up Treasury bond yields. My column below shines a light on the rather surprising resilience shown by currencies of the countries that will be hit hardest by Trump's auto tariffs.

ATM interchange fees, which RBI announced earlier this week, is that growth in the segment is slowing down precipitously. Interchange fees are what banks pay each other for the use of ATMs. The change takes place from May 1.

Canadian tourists contributed over a third of the tourism economy in Old Orchard Beach, a resort town in Maine, reported Global News. However, things are now starting to change.

geopolitical landscape", External Affairs Minister S Jaishankar said on Thursday, as he underlined that the «era of multipolarity» necessitates greater cooperation between the two nations. In an online video address to the conference — 'Russia and India: Towards a New Bilateral Agenda' — he said «further enhancement of the Special and Privileged Strategic Partnership between India and Russia continues to be a shared foreign policy priority». The conference is being hosted by the Russian International Affairs Council (RIAC) and the Indian Embassy in Moscow. In his address, Jaishankar said India «immensely values» its relationship with Russia and the two nations «remain committed to nurturing this deep friendship and exploring new frontiers of cooperation». «This relationship with deep historical roots, and a long tradition of trust and mutual respect, continues to expand and deepen, in the backdrop of a dynamic world order,» the external affairs minister said. Russian foreign minister Sergey Lavrov is also taking part in the conference.

Ontario Premier Doug Ford is urging a collective “team Canada approach” from Canada's provinces following US President Donald Trump's announcement to introduce a 25% tariff on car imports, as per CTV News.

Shares in companies such as Japan's Toyota and Honda and South Korea's Hyundai Motor and Kia Corp fell, wiping off some $16.5 billion in value, after Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks to take effect on April 3. On the streets of Tokyo and Seoul, and in «motor city» Gwangju, people were concerned the levies would have a far-reaching impact, speaking to the singular role the car industry has played in the post-war economic rise of the two U.S. allies. While car production helped transform Germany, Italy and France after World War Two, its influence in Asia has been even more profound. Automakers form the nucleus of vast networks of group companies that impact almost every facet of working life in the two countries. In Japan, where the industry accounts for roughly 3% of gross domestic product, it is the automakers — particularly Toyota — that set the precedent for national wage increases through annual talks between unions and management.

Vishal Gautam, VP Engineering & Site Managing Director, Zscaler

«This is pulling back investment and it is likely to have slightly inflationary impacts in the US in particular, which means slightly more elevated interest rates and this is going to impact Asia-Pacific through tighter monetary policy,» says Vishrut Rana, S&P Global Ratings. Let me first up ask you about the tariffs, the impact that this is going to have globally. We have been getting a lot of commentary. At one point in time you think that Trump is going to go all out, all aggressive. This morning you got comments where he said April 2nd is when he will put the reciprocal tariffs, but they will be lenient. How should one read into all of these developments and react to that? Vishrut Rana: Indeed in these highly uncertain times a lot to watch out for. So, the impact of tariffs on the global economy is going to be significant. We think that it is already having an impact in terms of delaying investment plans for firms across the region until there is more clarity in terms of where the trade tensions are going to materialise.

«Some of the self-inflicted fundamental factors like RBI keeping liquidity tight, government going slow on spending in the first half, those are now getting unwound,» says Mihir Vora, CIO, Trust Mutual Fund. Where markets are headed. Mihir Vora: We had this good correction for five months and we had a smart bounce back. The correction had some reasons and maybe to some extent it was overdone so that overdone part is probably done. So, we have had the reset, I would say. I call it the reset in the market.

Subscribe to enjoy similar stories. It isn’t easy to pin down the purpose of the Trump administration’s sweeping tariff agenda. Sometimes the president uses tariff threats to intimidate and gain leverage with trading partners.

US President Donald Trump announced on Wednesday 25 percent tariffs «on all cars that are not made in the United States» effective 12:01 am eastern time on April 3. «We have to think about appropriate measures following this announcement. Naturally, we will consider all options,» Ishiba told parliament. «Japan has made significant investments and significant job creation, which doesn't apply to all countries… We are the number one (country) in investment in the United States,» Ishiba added. «The US president's understanding on this is significantly deepening. However, various things are happening, so we are considering all kinds of countermeasures, and those exist as our options.»

Grand Continent Hotels will debut on the NSE SME platform on Thursday. Ahead of the listing, the GMP, at Rs 0, is not very inspiring for investors. The IPO, which was completely a fresh equity sale of 66 lakh shares, was subscribed just over 1x. The proceeds will be used for repayment of debt, expansion of hotel properties in India and other general corporate purposes.

Muhammad Yunus is due in China on Wednesday at the start of a four-day visit during which he is expected to seek financial support and sign MoUs to boost his country’s sagging economy amid dwindling support from the US under President Donald Trump. India will keep a close watch if Yunus agrees to any Chinese military presence particularly in any airfield closer to the border area. Additional Chinese support for Bangladesh armed forces and any enhanced Chinese military presence in the Bay of Bengal will also be closely monitored, according to Bangladesh watchers. Yunus will attend the Boao Forum for Asia (BFA) Annual Conference 2025 in Boao, Hainan province, and hold bilateral talks with Chinese President Xi Jinping on March 28. Boosting economic relations with China will be a central focus of this visit, sources in Dhaka said. Yunus will later speak at Peking University, where he will reportedly be presented with an honorary doctorate. China, while engaged with Dhaka under the Hasina government and earlier with the BNP regime, is keen to keep Yunus in good humour for its economic and strategic interests in the Bay of Bengal region. As per a report in Bangladesh’s leading English newspaper The Daily Star, China and Bangladesh are planning to sign at least eight MoUs on trade, culture, upgrading Mongla Port and water management. The Sheikh Hasina government had given India access to the Mongla Port.

Subscribe to enjoy similar stories. The U.S. said it had agreed with Russia to ensure safe navigation in the Black Sea.

Indian diaspora withdrew more money than it invested in local bank deposits since October last year despite the sharp depreciation of the rupee, possibly indicating a tighter job market overseas, especially in the Gulf countries, as well as a fear of uncertainty in the global economy amid a looming tariff war, said people familiar with the matter. Reserve Bank of India (RBI) data showed that there was a net outflow of $1.5 billion between October 2024 and January this year in non-resident deposits while the rupee depreciated 3.3% during this period. The outstanding NRI (non-resident Indian) deposits stood at $161.2 billion at the end of January, down from $162.7 billion at the end of October last year.

Athos Salomé, the «Living Nostradamus,» has boldly foretold the fate of Donald Trump's second term. Salomé foresees a future defined by realignments and economic distress as geopolitical chasms and domestic cleavages broaden.

they do not want to become the 51st state of the United States. In fact, 80% of Canadians are strongly opposed to the idea, and 78% are concerned about the rhetoric from former U.S. President Donald Trump, who once referred to Prime Minister Justin Trudeau as «Governor Trudeau.»

There were 2.83 lakh Indians who can be tagged as UHNIs in 2023, with each having a net worth of over Rs 25 crore and their aggregate wealth was pegged at Rs 2.83 lakh crore. The same is expected to grow to 4.3 lakh individuals possessing a wealth of Rs 359 lakh crore by 2028, as per the survey. Kotak Mahindra Bank's president Gautami Gavankar, however, said the decision to migrate should not be seen as a flight of capital out of the country, pointing out that the caps on such activities ensure that the money does not flow out even if a person changes residency.

President Donald Trump said that tariffs will likely be more «lenient than reciprocal,» as the April 2 tariff deadline looms for a number of levies to go into effect.

Subscribe to enjoy similar stories. Whether giving up the Google Tax will get India reprieve in the tariff war that US President Donald Trump has promised to unleash on the world at large remains to be seen. The Google Tax, officially, an equalization levy on foreign service firms, does not generate much revenue.

Subscribe to enjoy similar stories. Chinese equities have been out of favor among many investors for the past few years. However, the tide appears to be turning, driven by strong corporate profits, enthusiasm over artificial intelligence and an apparent easing of regulatory pressure from Beijing.