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The United States has announced a sharp increase in tariffs on Indian imports, doubling duties to 50 per cent from August 27. The move is aimed at pressuring India over its continued purchase of Russian oil as Washington pushes for an end to the war in Ukraine. New Delhi has strongly rejected the secondary tariffs, calling them unfair. Prime Minister Narendra Modi said India will protect farmers, small businesses and national interests despite external pressure.
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News and Media
Wall Street experienced a downturn on Monday as investors analyzed the U.S. interest rate outlook and awaited Nvidia's earnings report. Friday's rally, fueled by hints of a potential rate cut from the Federal Reserve, gave way to cautious trading. Upcoming inflation and jobs data are crucial, influencing expectations for Fed action.
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News and Media
Asian equities are poised to decline, mirroring Wall Street's downturn, as investors await a crucial US inflation report that could influence the Federal Reserve's rate cut decisions. Concerns linger about the pace of potential rate reductions amid mixed signals from the labor market and persistent inflation.
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News and Media
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