Trade Financial News

Elon Musk’s Tesla. The tariff, imposed last fall alongside U.S. measures, aimed to protect Canada’s emerging EV sector. However, retaliatory Chinese tariffs on Canadian agricultural exports, effective this week, have intensified pressure to recalibrate trade strategies.

Nike's turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. The sportswear maker signaled further declines in revenue and profitability due to an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico. Chief executive officer Elliott Hill, a longtime Nike executive who came out of retirement to take the top role in October, is looking to guide the company back to growth after a difficult year of falling sales and corporate layoffs. He's reshaping Nike by refocusing on sports and mending relationships with its retail partners. Nike is in the midst of clearing out stale merchandise through heavy discounting as demand fades for some of its biggest sneaker franchises, including Air Force 1s and Dunks. Inventory fell 2% in the period but Chief Financial Officer Matt Friend said those levels remain «elevated across all categories.» The company is trying to turn things around against a backdrop of weak consumer spending and fallout from President Donald Trump's escalating trade war. China also remained a weak spot, with sales missing analyst expectations amid a prolonged consumer slump in the market. But performance in North America and the region that includes Europe, Africa and the Middle East came in better than expected.

There will be winners and losers as United States President Donald Trump shakes up the world order through tariffs and shifting military strategies, but one area poised to prosper is defence, says Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan Board.

Tatiana Estevez was celebrating her fog water collection company Permalution securing money in a fundraising round and garnering support for a drinking water project, when it was all placed in jeopardy.

U.S. President Donald Trump’s rather erratic approach to trade policy once left room for hope that maybe his tariff threats were just that — threats — but as the April 2 deadline nears a harsher outlook is setting in.

Canada could soon face a recession that would extend throughout the rest of the year as United States President Donald Trump’s tariff war upends economies and trade around the world, according to a new analysis by Desjardins Group.

By Susan McArthur

But the positive outlook continues, with forecasts of US Federal Reserve rate cuts and persistent geopolitical tensions underpinning demand for the metal. At 08:59 a.m. ET (1259 GMT), spot prices of gold today were at $3,034.02 an ounce, down 0.3%. US gold futures were also down a bit by 0.1% to $3,040.90 an ounce, as mentioned in a report by Reuters. In spite of the slight pullback, gold is set for a third straight weekly gain, up 1.7% this week.

Shares of MphasiS Ltd.(up 5.39 per cent), LTIMindtree Ltd.(up 2.25 per cent), Coforge Ltd.(up 2.23 per cent), Persistent Systems Ltd.(up 1.57 per cent) and Tata Consultancy Services Ltd.(up 0.42 per cent) ended the day as top gainers in the pack.

Shares of Au Small Finance Bank Ltd.(up 3.35 per cent), Kotak Mahindra Bank Ltd.(up 2.13 per cent), Punjab National Bank(up 2.02 per cent), Canara Bank(up 1.99 per cent) and ICICI Bank Ltd.(up 1.62 per cent) ended the day as top gainers in the pack.

Jim O'Neill, Former Economist, Goldman Sachs, says for the rest of this decade, it is quite likely that US equity markets are going to underperform much of the rest of the world. A more positive way to put it is, the rest of the world which was very cheap, particularly Europe and to some degree China, is probably going to outperform the US and of course that has already been the case in the short two-and-a-half months of 2025 so far. While the period between now and April 2nd will probably see some near-term recovery of the dollar, O’Neill does not think that the combination of what the US is trying to do is at all good for the sustainability of the dollar and he thinks this time next year, the dollar will be a bit weaker against major currencies around the world. We are talking at a time when nobody knows what is coming. All we know is that American markets have reversed and there are fears of a genuine slowdown in the United States. Investors are moving out of the long dollar trade. What is the big headline of March 2025 for financial markets? Jim O'Neill: As I have discussed with you in December, you have to be very careful of a very strong consensus when some of the underlying factors are not so clear-cut and I was quite sceptical on the immediate euphoria of Trump being elected as this was going to further accentuate so-called American exceptionalism and the reality that we have seen over the first 60 to 70 days the US is not exceptional.

Shares of Raymond Ltd.(up 5.16 per cent), Mahindra Lifespace Developers Ltd.(up 3.06 per cent), Phoenix Mills Ltd.(up 2.6 per cent), Sobha Ltd.(up 2.11 per cent) and Godrej Properties Ltd.(up 1.67 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. Voltas Ltd expects strong demand in the upcoming summer season despite the high base of last year and expects to continue to outperform the industry. This was a key takeaway from the company’s recently held analyst day meeting.

shares fell on Friday, led by travel stocks after a fire at Heathrow Airport, while investors continue to assess the effects of brewing trade tensions. The pan-European STOXX 600 was down 0.5% as of 0815 GMT, with losses led by Europe's travel and leisure index, down 2.1%.

Bitcoin and major cryptocurrencies declined on Friday as escalating geopolitical tensions and concerns over US tariffs dampened investor appetite for risk. Global policymakers struck a cautious tone amid central bank meetings this week, highlighting economic and political uncertainty. The US Federal Reserve, Bank of Japan, and Bank of England all kept interest rates unchanged, citing trade tensions and inflation risks.

Brigade Group for residential and commercial projects in Hyderabad and Chennai. L&T’s Buildings & Factories (B&F) vertical won the orders, which the company classifies as “large” with a value ranging between Rs 2,500 crore and Rs 5,000 crore. The order marks the largest residential project received by L&T from a private customer, the company said in a stock exchange filing on Friday.

Subscribe to enjoy similar stories. Shares of steel producers such as SAIL Ltd, Tata Steel Ltd, and JSW Steel Ltd are in focus after the Directorate General of Trade Remedies (DGTR) recommended a safeguard duty on steel imports amid rising global protectionism. The DGTR’s proposal, submitted to the finance ministry, suggests a 12% duty on most steel grades for 200 days, with exemptions for imports priced above $675 per tonne for hot-rolled coil (HRC), $824 per tonne for cold-rolled coil (CRC), and $964 per tonne for coated steel.

The BSE Sensex climbed 665 points, or 0.87%, to 77,013, while the Nifty50 advanced 196 points, or 0.85%, to 23,387 as of 12:20 pm. The Nifty has risen in each of the previous four sessions, marking its longest daily winning streak in about seven weeks. Including Friday's gains, it is now up by about 4% this week, on track for its best week since July 2022.

Subscribe to enjoy similar stories. Average cinegoers have often griped about expensive tickets at multiplexes, deterring them from enjoying movies at the theatres more frequently. Some trade analysts, too, have blamed steep ticket prices as one of the reasons for many films failing at the box office.

Madras Fertilizers Ltd.(up 5.19%), Rashtriya Chemicals & Fertilizers Ltd.(up 4.53%), Paradeep Phosphates Ltd.(up 4.01%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.97%), Agro Phos India Ltd.(up 3.42%), Khaitan Chemicals & Fertilizers Ltd.(up 3.23%), The Fertilisers and Chemicals Travancore Ltd.(up 2.99%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.79%), National Fertilizers Ltd.(up 2.62%) and Madhya Bharat Agro Products Ltd.(up 2.31%) were among the top gainers.

MphasiS Ltd.(up 3.63 per cent), Coforge Ltd.(up 1.88 per cent), Persistent Systems Ltd.(up 1.73 per cent), Tech Mahindra Ltd.(up 1.31 per cent) and L&T Technology Services Ltd.(up 1.09 per cent) were among the top gainers.