Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while pressure from a stronger dollar also weighed on the yellow metal. Spot gold fell 0.8% to $5,189.99 per ounce by 0125 GMT, snapping a four-session winning streak and dropping from
U.S. President Donald Trump said Saturday he will raise the new global tariff to 15 percent, one day after he announced a 10 percent worldwide duty following a heavy blow from the Supreme Court. "I, as President of the United States of America, will be, effective immediately, raising the 10% World
U.S. President Donald Trump has signed an executive order to impose 10 per cent tariffs on imported goods from all countries, according to a social media post on Friday. The move came hours after the Supreme Court ruled in a 6-3 vote that his tariff policy under the International Emergency Economi
The U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping global tariffs, delivering a significant setback to a central pillar of his economic agenda. In a 6-3 ruling, the court said Trump’s use of an emergency powers law to impose wide-ranging import duties, inclu
Indian lenders will be allowed to finance acquisitions up to 20 per cent of their eligible capital base, the Reserve Bank of India said in its final rules following a review of bank exposure to capital markets. The RBI had suggested a cap of 10 per cent of a bank's tier-1 capital for acquisition f
The Asian Development Bank (ADB) has appointed Sona Shrestha as Director General of its South Asia Department (SARD), where she will lead the development and implementation of ADB’s strategy and operations in Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka. “I am honoured to
Global inflation is expected to fall to 3.8 per cent this year and to 3.4 per cent in 2027, helped by softer demand and lower energy prices, the IMF chief said on Monday. Managing Director Kristalina Georgieva said in a speech in the Annual Arab Fiscal Forum in Dubai that global growth has held up
Indian Prime Minister Narendra Modi's government releases its annual budget on Sunday, expected to strengthen domestic policy reforms to cushion the economy from rising uncertainties such as steep US tariffs and broader geopolitical tensions. But Finance Minister Nirmala Sitharaman, who presents t
The euro zone's largest economies grew at a modest but steady pace last quarter as consumption and investments kicked into higher gear to offset low exports and exceptional uncertainty from erratic US trade policy, national data showed on Friday. The figures signal remarkable resilience for a bloc
US President Donald Trump on Monday said that he would hike tariffs on South Korean autos and other imports, blaming a delay in enacting the pact agreed last year. Trump said that South Korea's parliament was not living up to its side of the deal by swiftly enacting the agreement he reached with P
Chinese capital Beijing's GDP exceeded 5.207 trillion yuan (about 743.79 billion U.S. dollars) in 2025, up 5.4 per cent year on year, surpassing the 5 trillion yuan mark for the first time, according to the municipal statistics bureau.
India's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise. The Reserve Bank of India (RBI) has recommended to the
The global economy is proving more resilient than expected, with 2026 GDP growth expected to improve slightly over forecasts from last June, the World Bank said on Tuesday while warning that growth is too concentrated in advanced countries and overall too weak to reduce extreme poverty. The World
