DDIndia Business: Economic Headlines & Updates

Business

July 9, 2025 9:46 AM

Dollar firm, Asian stocks mixed as traders ponder tariff outlook

The dollar traded close to a 2-1/2-week high versus major peers on Wednesday while copper hit an all-time peak overnight after U.S. President Donald Trump broadened his global trade war by threatening a 50% tariff on the metal. Trump also said levie...

July 9, 2025 9:34 AM

Trump says steep copper tariffs in store as he broadens his trade war

U.S. President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. One day after h...

July 8, 2025 5:13 PM

No directions issued to close inactive Jan Dhan accounts, says Finance Ministry

The Department of Financial Services (DFS) under the Ministry of Finance on Tuesday clarified that no instructions have been issued to banks for closing inactive accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The statement came amid repo...

July 8, 2025 4:49 PM

Sensex gains 270 points; investors eye relief in India-US trade talks

The Indian stock markets closed higher on Tuesday, recovering from a flat opening after reports of a possible mini trade deal between India and the United States surfaced late last night. Markets opened under pressure as concerns over US President D...

July 8, 2025 4:36 PM

MCX to launch electricity futures contract starting July 10

Multi Commodity Exchange (MCX), India’s leading platform for trading commodity derivatives, on Tuesday announced that it will launch an electricity futures contract from July 10. This new offering aims to meet the growing demand for tools to help ...

July 8, 2025 12:12 PM

Trump’s tariff timeline — from steel duties to BRICS penalties

U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 - Trump imposes...

July 8, 2025 10:42 AM

Indian markets open cautiously higher amid Trump tariff concerns; IT and banking stocks lead gains

Indian stock markets opened on a cautious note on Tuesday as investors weighed fresh tariff measures announced by US President Donald Trump. While concerns lingered, traders appeared to adopt a "wait and watch" approach, looking for more clarity on t...

July 8, 2025 10:09 AM

China warns Trump on tariffs, threatens retaliation on supply chain deals

China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. W...

July 8, 2025 9:46 AM

Japan will continue trade talks with US for mutually beneficial deal, Ishiba says

Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1. Trump on Mon...

July 8, 2025 8:50 AM

Trump unveils 25% tariffs on goods from Japan, South Korea in letters to leaders

President Donald Trump said on Monday the U.S. would impose a 25% tariff on imports from Japan and South Korea beginning Aug. 1 as he unveiled the first two of an expected 12 letters to trading partners outlining the new levies they face. "If fo...