By Sumit Khanna and Rajendra Jadhav SURAT, India (Reuters) – A wave of anxiety has gripped India’s diamond polishing hub of Surat, as hefty U.S. tariffs threaten to undermine the country’s gem and jewellery exports, putting at risk the livelihoods of thousands of workers. The United States, which takes more than 30% of the South …
US tariffs set to cripple India’s diamond industry, hurting jobs, exports Read More »
(Reuters) -U.S. equity funds saw outflows in the week ending April 2 as investors shed risky assets on growing concerns that President Donald Trump’s sweeping trade tariffs could drive up costs, pressure corporate profits and heighten recession risks. U.S. investors divested a net $10.85 billion worth of equity funds during the week although less than …
Investors flee US equity funds on escalating tariff concerns Read More »
By Haripriya Suresh BENGALURU (Reuters) – India’s $283-billion IT sector should brace for a rough year ahead as tariffs are likely to stoke inflation in its key U.S. market and force clients to cut spending, analysts said. Although President Donald Trump did not impose direct tariffs on IT services, Indian firms are expected to feel …
Indian IT firms brace for impact as tariffs fan US recession fears Read More »
By Marc Jones LONDON (Reuters) – Credit ratings giant S&P Global has said it is reviewing all its macro economic forecasts in the wake of Donald Trump’s sweeping world trade tariffs this week, a move likely to fuel concerns of a renewed wave of credit score downgrades. The firm, whose ratings judge the creditworthiness of …
Ratings agency S&P to review all global forecasts after US tariff shock Read More »
By Amanda Cooper LONDON (Reuters) – One of the Federal Reserve’s preferred recession indicators has this week deteriorated as fast as it did in 2008, the latest sign that bond investors are bracing for a sharp economic slowdown as a result of U.S. President Donald Trump’s sweeping tariffs. There are many metrics economists and investors …
One of the Fed’s top recession alarms sends 2008-style signal Read More »
What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets It’s Friday, so today I’ll provide a quick overview of what’s happening in global markets and then offer you some weekend reading suggestions away from the headlines. I’d love to hear from you, so please reach out to …
CERNOBBIO, Italy (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s top executive Francesco Gattei said on Friday. He added that energy groups could react to the possibility of tariffs denting global …
Oil majors suffering from OPEC+ output hike, not from U.S. tariffs, Eni exec says Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are looking for signs the selling in the U.S. stock market may have reached a crescendo, but say that the check marks are not yet all ticked and there is room for further pain. President Donald Trump’s announcement of sweeping tariffs on Wednesday extended U.S. stocks’ …
Analysis-Wall Street searches for elusive signs that market bottom reached Read More »
MADRID (Reuters) – Spain’s crude oil imports from Venezuela in January and February rose roughly 59% from a year earlier as a key sanctions deadline set by U.S. President Donald Trump’s administration approaches. In the first two months of 2025, Spain imported 449,000 tons of crude from Venezuela, up from 283,000 tons in the same …
Spain’s imports of Venezuelan oil rise as US sanctions deadline approaches Read More »
By Kirsty Needham SYDNEY (Reuters) – Prime Minister Anthony Albanese said on Friday his government was working on a plan for Australian superannuation firms to buy the strategically located Darwin port from its Chinese owner on national interest grounds. Then U.S. President Barack Obama criticised the sale of the commercial port on a 99-year lease …
