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Trade wars erupt as Trump hits Canada, Mexico, and China with steep tariffs

The tariffs on Mexican and Canadian products could have much deeper repercussions for a highly integrated North American economy

IIFL Finance accepts $100 million in reissue of 8.75% 2028 dollar bonds

The company initially sold the notes, which had a maturity of three years and six months, in January, raising $325 million

Indian exports under mounting pressure from US, EU trade policies

Indian trade minister Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, ahead of Trump's planned tariff measures

EU Commission proposes 800-billion-euro plan to boost defence capabilities

The 150 billion euros of new joint borrowing is to go towards building pan-European capability domains like air and missile defence

Qatar Airways to place large wide-body aircraft order soon, says CCO

He added the contract would be announced next month, declining to say whether it will be signed with Airbus, Boeing

Russia's senior missile experts flew to Iran amid clashes with Israel

The seven weapons experts were booked to travel from Moscow to Tehran aboard two flights on April 24 and September 17 last year

IIFL Finance plans to raise $150 million by reissuing 2028 dollar bonds

The non-banking finance company has started marketing the issue and may sell the bonds at yields in the 8.30 per cent-8.40 per cent range

Steel imports from China, S Korea, and Japan hit record high during Apr-Jan

India, the world's second-biggest crude steel producer, shipped in record quantities of finished steel during April-January

Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips

Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25 per cent tariffs on Canada and Mexico will go into effect

Japan, China cannot keep reducing value of their currencies, says Trump

I've called President Xi, I've called the leaders of Japan to say you can't continue to reduce and break down your currency, said Trump

Trump tariffs meant to 'level the playing field', says Goldman Sachs CEO

Trump said on Monday he will impose a 25 per cent tariff on goods imported from Canada and Mexico, effective from today

PayPal-backed Mintoak strikes India's 1st e-rupee deal, worth $3.5 mn

PayPal and HDFC Bank backed Mintoak has completed the acquisition of Digiledge, which specialises in CBDC and bill payments services

Nvidia, Broadcom testing chips on Intel manufacturing process: Report

The two tests, which have not been reported previously, indicate the companies are moving closer to determining whether they will commit hundreds of millions of dollars' contract to Intel

AGS Transact Technologies faces insolvency over alleged unpaid dues

Maxwel Aircon India Private Limited, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal

Wall Street declines after discouraging February manufacturing data

An ISM survey showed manufacturing was steady in February, but a measure tracking forward-looking new orders contracted to 48.6 last month from 55.1 in January

Pfizer may move outside manufacturing plants to US: CEO amid tariff threats

The US president has imposed a 10 per cent tariff across all Chinese imports into the US and proposed a 25 per cent levy on most goods from Mexico and Canada

US manufacturing stable in February, but storm brewing from tariffs

Domestic manufacturers rely heavily on imported raw materials. Trump in his first month in office has issued a raft of tariff orders

Tesla sales down in France, Scandinavia as Elon Musk faces test of brand

A total of 613 new Teslas were registered in Sweden last month, down 42% year-on-year, while registrations in Norway and Denmark each fell by 48% to 917 and 509 cars respectively

Microchip Technology to lay off 2,000 employees amid weak automotive demand

The company expects to incur between $30 million and $40 million of costs related to the layoffs, consisting of cash severance and related restructuring expenses

Govt bond yields unchanged despite April rate cut bets as supply hurts

The benchmark 10-year yield ended at 6.7383%, compared with its previous close of 6.7286%