Economy Financial News

Tariff does not protect any country and India needs to cut tariffs for its own good, irrespective of who tells India to do so, NITI Aayog CEO BVR Subrahmanyam said on Friday. Addressing the 69th Foundation Day of All India Management Association (AIMA), Subrahmanyam further said that being open to the world has to be among the top five priorities of India if it wants to become a developed country.

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.

DeepSeek, whose AI breakthrough has been described as a «Sputnik moment» for China and garnered widespread attention.

Yogi Adityanath said the Maha Kumbh will help the state's economy grow by over Rs 3 lakh crore. Adityanath, speaking in the Question Hour of the budget session of the assembly, said Uttar Pradesh is making strides towards the target of one trillion dollar economy.

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.

Walmart dampened investor risk appetite. A broad selloff pulled all three major U.S. stock indexes into negative territory, with the blue-chip Dow suffering the steepest loss. The S&P 500 snapped its two-day string of all-time closing highs.

Asian stocks traded in narrow ranges after US shares fell from record highs as a disappointing forecast from the world’s largest retailer added to concern about the health of the economy. The yen strengthened past 150 per dollar. Australian shares edged higher while those in Japan ticked down due to the stronger local currency. Equity index futures pointed to initial gains in Hong Kong after a gauge of US-listed Chinese shares climbed as Alibaba Group Holding Ltd. announced its fastest pace of revenue growth in more than a year.

Approval ratings of the current White House administration have tanked slightly over recent days, especially owing to the recent controversies surrounding the US economy as well as the proposed tariffs by US President Donald Trump, according to a recent Reuters/Ipsos poll.

Washington Consensus is dead. At its peak, no one would have guessed its demise would be presided over by the political right in the country of its origin. But when J D Vance uses 'stupid' to describe a 'consensus' that governed the global order for over four decades, there's the sense of an ending.

If Trump gets through to European capitals, the EU could be made to curb its regulatory reflex. Which is good not only for American technology and defence industries, but would be also helpful for emerging economies like India to get a grip on some incredible red tape over non-tariff trade barriers.

This was a drop from -34 in January and marked the fifth consecutive monthly fall in the UK's economic expectations, according to BRC and Opinium data. At the same time, consumer confidence was almost 40 points down from the latest read back in July. Buoyant January precedes pressure costs for retailers Respondents' take on their personal financial situation dropped from -4 in January to -11 in February, but consumers' personal spending rose from -9 to -5 over the period. Helen Dickinson, chief executive of BRC, said: «People's expectations of the economy reached a new low, havi...

Mark Carney promised to cap the size of the Canadian public service and undertake a program spending review if he becomes prime minister, but did not provide details of how much he would reduce government outlays overall.

The “thumbprints” of a weaker Canadian dollar made their mark in January’s consumer price index (CPI) report, well-known Bay Street economist David Rosenberg said.

Piyush Goyal on Thursday said the Indian rupee has performed well compared to other global currencies due to the country's strong foreign currency reserves. He also said that a skill development centre and a startup incubation centre will come up at AURIC (the industrial node of Shendra and Bidkin) in the near term.

Reserve Bank of India sold foreign currencies worth $35.4 billion on net basis in November and December to prevent excess volatility in rupee movement amid heightened dollar outflows from local equities as foreign investors started seeking safe haven for their investments after Donald Trump's victory in the US presidential election.

Microsoft has announced the launch of Majorana 1, a quantum chip that could significantly accelerate the development of practical quantum computing. The company claims it is the world’s first quantum processing unit built on a topological core, powered by a newly discovered state of matter.

Arvind Sanger, Managing Partner, Geosphere Capital Management, says Trump's threats of tariffs are just the starting point in negotiations, not the final goal. Because of this, the market continues to rise. Another interesting point is that this year's rally isn't just fueled by the Magnificent 7. It's much more widespread. This is a positive sign, indicating a general sense of economic optimism rather than just focusing on those seven companies and ignoring the rest. What will the US President do next, no one knows. I at least do not know. Do you? Arvind Sanger: None of us know, but the market has correctly been rising because the bet is that at the end of the day, Trump's tariff threats are a negotiating tool. They are not a tool to destroy the US economy because eventually tariffs hurt everybody. So, the market is making the bet that deregulation is coming, taxes are going to stay low. The one area where I worry is that there is a hope that maybe there will be a lot of cost savings from DOGE and Elon Musk, and I am not sure how much they will be able to extract, but there is some hope that there will be something there.

Congress party has underlined the urgent need for professional regulation of Indian financial markets and pushed for a comprehensive overhaul of the Securities and Exchange Board of India (SEBI). The party also called for an unwavering commitment to developing global manufacturing ecosystems across various technology sectors to establish distinct niches for India.

foreign fund outflow is weighing on investor sentiments. At the interbank foreign exchange, the rupee opened at 86.88 and gained further ground to trade at 86.79 against the greenback during early deals, up 19 paise from its previous close.