Asia Economy
From ‘great friend’ to ‘tariff king’: The changing shades of the U.S.-India relationship
In February, U.S. President Donald Trump and Indian Prime Minister Narendra Modi exchanged warm greetings and bear hugs , and pledged to pursue an early trade agreement. Now, six months on, that goodwill has soured. Trump labels India the “tariff king,” threatens higher levies within 24 hours , and accuses it of fueling Russia’s war […]
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India’s central bank keeps rates steady at 5.5% as Trump ratchets up tariff threats
Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai. Sopa Images | Lightrocket | Getty Images India’s central bank kept its policy rate steady at 5.5% Wednesday in the face of rising tariff threats from U.S. President Donald Trump. The move was in line with expectations […]
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Asia markets set to open lower, tracking Wall Street losses
Asia-Pacific markets are expected to open lower, tracking losses on Wall Street as investors weighed weaker-than-expected economic data as well as fresh tariff comments from U.S. President Donald Trump. “We’re going to be announcing [tariffs] on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said […]
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Indonesia’s second-quarter GDP beats expectations with fastest growth in two years
This photo shows a general view of a traffic jam on a main roads leading into the city center of Jakarta on May 8, 2024 as thin haze of pollution sits over the city’s skyline. Bay Ismoyo | Afp | Getty Images Indonesia’s annual economic growth accelerated to 5.12% in the second quarter from 4.87% in the […]
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India calls out EU and U.S.’ trade with Russia after Trump threatens steeper tariffs on New Delhi
Students from Gurukul School of Art, carry a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump on India outside their school. U.S. President Donald Trump imposed a 25% tariff on India along with penalties for buying oil and military equipments from Russia. Sopa Images | Lightrocket | Getty Images India […]
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Asia markets open higher after Trump vows to significantly raise tariffs on India
Opening calls Happy Tuesday from Singapore. Asia markets are poised for a mixed open. Australia’s S&P/ASX 200 was set to start the day higher with futures tied to the benchmark at 8,701, compared with its last close of 8,663.70. Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Osaka last traded at 40,610 against […]
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Trump’s penalty threat puts India in a bind over Russian oil
The Reliance Industries Ltd. oil refinery in Jamnagar, Gujarat, India, on Saturday, July 31, 2021. Bloomberg | Bloomberg | Getty Images India is navigating a tricky balancing act after U.S. President Donald Trump threatened a “penalty” over its continued imports of Russian oil — a trade that New Delhi appears reluctant to end anytime soon. […]
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Nvidia’s set to regain some China access. But it still faces eroding AI chip market share
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty Images Nvidia‘s H20 chips are likely to return to China, but tech experts don’t expect them to be met with the same fanfare in the market in light of new competition and regulatory scrutiny. The Trump administration last month gave Nvidia assurances […]
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India’s IT layoffs spark fears that AI is hurting jobs in a sector critical to its economy
Avishek Das | Sopa Images | Lightrocket | Getty Images India’s IT sector is facing job cuts, and analysts are wary about what the impact of artificial intelligence might mean for an industry critical to the country’s broader economy. The country’s largest private sector employer, Tata Consultancy Services, which employs over half a million IT […]
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Asia-Pacific stocks set to slip as investors weigh tariffs, OPEC+ output hike
Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source
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