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Bangladesh signs US wheat-import deal in bid to curb tariff pressure

The US tariff hike has rattled Bangladesh export sector, especially the ready-made garments industry, which fears losing competitiveness in one of its largest markets

China's exports of rare earth magnets to the US skyrocket in June

China, which provides more than 90 per cent of global supply of rare earth magnets, decided in early April to add several rare earth items to its export restriction list in retaliation for US tariffs

President Donald Trump will sign new cryptocurrency bill into law on Friday

President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimise the burgeoning industry. The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the US dollar to reduce price volatility. It passed both the House and Senate with wide bipartisan margins. The measure is meant to bolster consumer confidence in the rapidly growing crypto sector. Its passage comes as Trump makes it a mission to make the U.S. the crypto capital of the world. Congratulations to our GREAT REPUBLICANS for being able to accomplish so much, a record, in so short a period of time," Trump wrote on his social media site Friday morning as he announced the bill signing. The House also passed two other bills Thursday that are meant to boost the legitimacy of the crypto industry. One creates a new market structure for cryptocurrency, and the other bans th

Fed holds off on rate cuts as inflation risks outweigh Trump pressure

Powell and other Fed officials said they expected price increases to quicken this summer

Gold heads for weekly dip as platinum surges to near 11-year high

The dollar is down 0.4 per cent for the day, but is headed for a second straight weekly rise. A stronger dollar tends to make gold expensive for buyers holding other currencies

Brazil's Lula open to talks with Trump amid trade spat, says minister

Brazil's Lula open to talks with Trump amid trade spat, says minister

US Solar firms file trade petition against India over cheap imports

The new anti-dumping and countervailing duty petitions were filed by the Alliance for American Solar Manufacturing and Trade, which includes First Solar Inc, Mission Solar Energy and Qcells

Wells Fargo suspends China travel after employee exit ban: Report

The US banking giant's Chenyue Mao was subjected to an exit ban after she entered China in recent weeks, the Wall Street Journal reported, citing people familiar with the matter

Funders pledge $1 billion to develop AI tools for frontline workers

A coalition of funders, including the Gates Foundation and Ballmer Group, will spend USD 1 billion over 15 years to help develop artificial intelligence tools for public defenders, parole officers, social workers and others who help Americans in precarious situations. The funders announced Thursday that they will create a new entity, NextLadder Ventures, to offer grants and investments to nonprofits and for-profits to develop tools for those who often manage huge caseloads with few resources. The solutions that we're investing in, the hundreds of entrepreneurs that are going to bring forward solutions that incorporate leading edge technologies, are going to do it by coming alongside people who are living through some of the struggles in the economy, said Brian Hooks, CEO of Stand Together, a nonprofit started by Kansas-based billionaire Charles Koch. The other funders include hedge fund founder John Overdeck and Valhalla Foundation, which was started by Inuit cofounder Steve Cook an

Only 1 in 4 US adults say Trump's policies helped them: AP-NORC poll

Only about one-quarter of US adults say that President Donald Trump's policies have helped them since he took office, according to a new poll that finds underwhelming marks for him on key issues, including the economy, immigration, government spending and health care. In fact, the Republican president fails to earn majority approval on any of the issues included in the poll from The Associated Press-NORC Centre for Public Affairs Research. He's even slipped slightly since earlier this year on immigration, which has consistently been a strength for him in his second term. And while a majority of Americans do see Trump as at least somewhat capable of getting things done following the passage of his sprawling budget bill, fewer believe he understands the problems facing people like them. Most don't see positive impact from Trump's policies Roughly half of US adults report that Trump's policies have done more to hurt them since his second term began six months ago, the survey found. Ab

Thailand to cut tariffs on 90% of US goods to avoid Trump trade levy

Thailand is one of the Southeast Asian countries racing to finalize terms with the US

India's goods exports may face pressure in fiscal 2026 amid tariffs: Crisil

Ratings firm CRISIL said that India's goods exports are likely to face some headwinds in fiscal 2026, as reciprocal tariffs imposed by the US are seen to aggravate this. With the tariff hikes expected to come into effect from August, India and the US are negotiating on a bilateral trade agreement and a key monitorable, the report said. The World Trade Organisation forecasts a 0.2 per cent decline in the volume of merchandise trade in 2025 compared to 2.9 per cent in 2024. The report said global growth is expected to slow down to 2.9 per cent in 2025 from 3.3 per cent. Growth in the US, India's largest export destination, is projected to slow to 1.7 per cent from 2.8 per cent. Accordingly, India's merchandise trade is expected to come under pressure this fiscal. However, the current account deficit (CAD) is expected to stay in the safe zone at 1.3 per cent of the GDP in the current financial year. The surplus in services trade, a robust flow of remittances is expected to cushion

Equities edge lower as tariffs, inflation data and earnings weigh

On Wall Street at 10:54 a.m. the Dow Jones Industrial Average fell 53.36 points, or 0.12 per cent, to 44,318.15 while the S&P 500 fell 6.66 points, or 0.11 per cent, to 6,253.09

Sun Pharma launches hair loss drug Leqselvi in US after patent settlement

The delay in Sun Pharma's launch of Leqselvi in the US was caused by a patent infringement case, which was later settled in a US court with Incyte Corp

Trump's 50% tariff on Brazilian goods could increase US burger prices

Proposal is a blow to US meat companies also facing tighter cattle supplies due to a halt of livestock imports from Mexico over New World screwworm, a flesh-eating pest spreading south of the border

Life-threatening heat domes challenge forecasters amid climate change

This phenomenon has also already struck Europe and China this summer, leading to the temporary closure of the Eiffel Tower and worries about wilting rice crops, respectively

Bain Capital divested 1.9% stake in Embassy Office Parks REIT for ₹691 cr

Private investment firm Bain Capital on Thursday divested a 1.9 per cent unitholding in Embassy Office Parks REIT for Rs 691 crore through an open market transaction. US-based Bain Capital through its affiliate APAC Company XXIII sold a little over 1.78 crore units, amounting a 1.87 per cent unitholding in Bengaluru-based Embassy Office Parks REIT (Real Estate Investment Trust), as per bulk deal data on the BSE. The units were disposed of at an average price of Rs 388 apiece, taking the deal value to Rs 691.41 crore. Details of the buyers of Embassy Office Parks REIT units could not be ascertained on the exchange. The units of Embassy Office Parks REIT slipped 1.95 per cent to close at Rs 390.16 each on the BSE. Last month, Embassy Office Parks REIT said it has successfully raised Rs 1,550 crore through the issue of debentures and term loans to refinance its existing debt and save interest costs. The fundraise comprises Rs 750 crore through NCDs, priced at a coupon of 6.97 per ce

European leaders back new fund, urge investment in war-hit Ukraine

European leaders urged private business and equity on Thursday to invest in rebuilding Ukraine now, even as Russia accelerates its war, as they opened an annual recovery conference with announcements of a new equity fund and public-private partnerships amid uncertainties of the US commitment to Kyiv's defence. Italian Premier Giorgia Meloni and Ukrainian President Volodymyr Zelenskyy kicked off the proceedings in Rome as Russia pounded Ukraine's capital with another major missile and drone attack overnight in some of the heaviest attacks on Kyiv in the more than three-year war. The conference is expected to finalise individual deals of guarantees and grants to unlock more than 10 billion Euros (around USD 12 billion) in investments, Meloni said. The European Commission, for its part, announced the creation of the largest equity fund to date to support Ukraine, the European Flagship Fund for the Reconstruction of Ukraine. The message we want to send today to businesses is: Don't be .

US could collect $300 bn in tariff revenue this year, says Treasury chief

A Treasury spokesperson said the $300 billion target corresponds to the December 31 end of calendar 2025, not the end of the government's fiscal year on September 30

US Immigration curbs to hit economy hard in 2025, finds Fed study

Immigration at the US-Mexico border dropped sharply last year and continued to decline after President Donald Trump's election