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Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO

The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, said the CEO

US shares rise as tariffs on smartphones, computers exempted; dollar dips

On the face of it, the exemption of 20 product types accounting for 23 per cent of US imports from China was a boon to manufacturers

Polished diamond exports hit two-decade low, says industry group

The slump dragged down overall gem and jewellery exports by 11.7% to $28.5 billion - a four-year low - from $32.28 billion the previous year

Apple takes top spot for first-quarter global smartphone sales, shows data

The data suggests iPhone demand remains strong in emerging markets, even as sales struggle in China due to competition from local players such as Huawei and a lack of AI features

Goldman Sachs Q1 profit up 15% as trading gains offset banking slump

The Wall Street lender joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits. But investors have shifted their focus on to economic projections, which are being clouded by tariff

Goldman Sachs raises year-end gold forecast to $3,700 on strong demand

The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months

India inflation in March steady at 3.6% after four months of decline: Poll

Food price rises had steadily moderated over the previous four months but likely bottomed in March as the country's farm industry experienced uneven rainfall and heat waves

South Korea sees Trump starting tariff talks with Seoul, Japan and India

Acting President Han Duck-soo said he expected there to be a video meeting between the US and South Korean officials on the proposed Alaska LNG project soon, Yonhap News Agency reported

China's exports jump 12.4%, imports fall as Trump pushes US tariffs higher

US President Donald Trump has ratcheted up tariffs on Chinese goods to hefty levels that many economists say will profoundly impact global trade flows and business investment

US futures make cautious gains on tariff relief, but recession fears remain

After an initial jump, S&P 500 futures pared gains to be up 0.8 per cent, while Nasdaq futures rose 1.25 per cent

Kremlin says no quick fix as Trump pushes for Ukraine war progress

Trump, who says he wants to be remembered as a peacemaker, has repeatedly said he wants to end the bloodbath of the three-year war in Ukraine

UK makes $26 bn export finance support available amid US tariff turmoil

The tariffs, introduced by US President Donald Trump, have deepened uncertainty for UK businesses about their exposure to the new trade regime

Saudi, America on 'pathway' to civil nuclear agreement: US Energy Secretary

Wright, on his first visit to the kingdom as secretary as part of tour of energy-producing Gulf states, said further details over a memorandum detailing the energy cooperation

Japan must strengthen yen, but shouldn't sell treasuries over US tariffs

By blaming the weak yen for accelerating inflation, Onodera could be signalling that Japanese policymakers consider the yen's downtrend, rather than its recent rebound, as the bigger problem

Ukraine talks going 'ok', but it's time to 'put up or shut up', says Trump

Trump has shown signs of losing patience and has spoken of imposing secondary sanctions on countries that buy Russian oil if he feels Moscow is dragging its feet on a deal

Gold soars past $3,200 as trade war deepens, dollar loses ground

Spot gold was up nearly 2 per cent at $3,235.89 an ounce at 2:32 p.m. ET (1832 GMT), after hitting a record high of $3,245.28 earlier in the session

GAIL India seeks up to 26% stake in US LNG project, 15-year gas deal

India's largest gas distributor GAIL has invited initial bids from companies as it seeks to buy equity in an existing LNG liquefication project or a new project that would be commissioned by 2030

Space startups face uncertainty as US cuts federal spending: Report

Space startups which garnered $2.1 billion in investments in the first quarter have largely relied on government contracts over the past few years

US bank profits rise but tariff tensions spark recession concerns

The latest warnings add to a chorus of Wall Street executives ringing alarm bells about the potential economic damage from the tariffs, including Dimon, BlackRock CEO Larry Fink

Wall Street dips on tariff worries as big banks kick off earnings season

US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions