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  • Apr 21, 2025

India under tariff pressure to give Amazon and Walmart full market access, FT reports

The U.S. plans to push Prime Minister Narendra Modi’s government for a level playing field on e-commerce in wide-ranging talks on a U.S.-India trade agreement set to also cover sectors from food to cars, the newspaper reported. It did not mention what measures the Trump administration expects from the Indian government. Amazon and Walmart operate in India through local units but face restrictions on holding inventory and directly selling to consumers, unlike domestic firm Reliance, which can open physical stores and leverage its vast retail network to reach customers across the country.

  • Apr 21, 2025

Iron Ore Drops on Lingering Worries Over World Economic Growth

(Bloomberg) -- Iron ore resumed its decline on concerns that US President Donald Trump’s trade war could hurt global economic growth. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Gives New York ‘One Last Chance’ to End Congestion FeeTrump Administration Takes Over New York Penn Station RevampThe Racial Wealth Gap Is Not Just About MoneyNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformThe steelmaking ingredient fell as much as

  • Apr 21, 2025

Asia stocks suffer limited losses as US dollar, bonds buckle

Asian stocks battled to hold ground on Tuesday after a furious flight from U.S. assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries. Relatively limited losses in Asia did spark talk that funds could be reallocating money to equities in the area, though the impact of tariffs on economic growth remained a major drag. President Donald Trump's increasingly vocal attacks on Fed Chair Jerome Powell for not cutting interest rates saw Wall Street indexes shed around 2.4% on Monday and the dollar hit three-year lows.

  • Apr 21, 2025

Oil prices rise with equities, but tariff worries persist

Oil prices bounced back as equity markets staged a recovery on Tuesday, though concerns persist over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand. "The daily fluctuations in Brent crude oil prices have been quite well aligned with fluctuations in equity prices," said SEB analyst Bjarne Schieldrop. U.S. stock index futures rose on Tuesday, bouncing back after losses in the previous session when President Donald Trump repeated his criticism of Federal Reserve Chair Jerome Powell and said the U.S. economy could slow unless interest rates were lowered immediately.

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