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Wall Street opens mixed after China retaliates with new tariffs on US goods

The Dow Jones Industrial Average fell 257.7 points, or 0.68 per cent, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35 per cent, at the open to 4,965.28

Ancora ends US Steel campaign after Trump orders review of Nippon Steel bid

The investor, which recently unveiled a plan that could deliver a cash offer of $75 per share, has said it had no intention of standing in the way of the $55 per share Nippon deal

US pushes ahead with 104% tariffs on China, says open to talks with others

The administration has scheduled talks with South Korea and Japan, two close allies and major trading partners, and Italian Prime Minister Giorgia Meloni is due to visit next week

RBI set to cut rates for a second time as US tariffs add to risks

In February, the RBI's six-member monetary policy committee delivered its first rate cut since May 2020 amid a slowdown in the economy, which is expected to have expanded 6.5 per cent in fiscal 2025

US considers adjusting port fee plan for Chinese vessels after pushback

The White House and the Office of the US Trade Representative (USTR), the government department involved in the drafting the proposal, did not respond to requests for comment

Trump eyes China response before launching 104% tariffs amid trade war

China has refused to bow to what it called 'blackmail' and vowed to 'fight to the end' after Trump threatened to ratchet up tariffs to 104 per cent

Trump will not offer tariff exemptions in the near term, says Greer

The trade representative, who oversees the implementation of the tariffs, also said there is no particular timeline for trade negotiations

China buys more Indian rapeseed meal after tariff on Canadian imports

India, the world's third-largest rapeseed producer, has struggled to export significant amounts of rapeseed meal to China because of higher prices

Trump to sign executive orders to boost US coal industry: Report

US power demand is rising for the first time in two decades as energy-intensive data centers for artificial intelligence, electric cars, and crypto currencies increase consumption

Govt may formalise incentives for critical minerals recycling this year

India has identified the 24 minerals as strategic and critical to its efforts to meet clean energy goals and move towards net zero greenhouse gas emissions by 2070

NTPC aims to build small nuclear reactors to replace old coal plants

NTPC mainly runs coal-fired plants and wants to identify ones that can be retired in the next five years, preferably replaced by SMRs

US Navy Vice Admiral Chatfield fired in expanding national security purge

The information was not immediately confirmed by the Pentagon. However, the sources told Reuters that allies had been notified that Chatfield had been removed from her job

Donald Trump orders fresh review of Nippon Steel's bid for US Steel

The White House directive sent the share price of US Steel up 12 per cent

JPMorgan CEO Dimon warns tariffs could slow US growth, fuel inflation

Jamie Dimon expressed concerns about how the tariffs would impact America's long-term economic alliances

Fuel demand jumps 9.3% in March to 10-month high of 20.91 mn metric tonnes

Diesel consumption rose nearly 10 per cent month-on-month to 8.1 million tons in March

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

Decline in yields triggers $4.5 billion debt issue from Indian companies

The sales include planned issues worth more than $2 billion on Tuesday, the end of the five-day run that will have included at least 15 companies tapping the bond market

Swap markets signal RBI could do more than just a 25-bp rate cut this week

The one-year OIS rate stands around 5.88%, its lowest level since May 2022, while the five-year rate is around 5.71%, its lowest since February 2022

After Trump, EU seeks zero tariff from India on car imports: Report

The European Commission declined to comment on specifics but shared a readout of its last round of talks with India in March

Euro rallies alongside safe havens as Trump tariffs rattle markets

The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all tumbled against the dollar