Dollar rebounds as Trump eases Fed tensions, signals trade thaw with China

The US dollar rebounded on Wednesday, climbing against major currencies after President Donald Trump eased tensions over the Federal Reserve and trade with China. The shift offered investors much-needed relief, with market sentiment buoyed by Trump’s decision not to remove Fed Chair Jerome Powell and speculation that trade tariffs on Chinese goods could be reduced.The…

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Bitcoin beats Amazon in market value; becomes world’s 6th most valuable asset with $1.857 trillion m-cap

The cryptocurrency has seen a remarkable rally in the past few days. (AI image) Bitcoin has achieved a significant milestone by overtaking Amazon to become the sixth-largest asset globally by market capitalisation. Data from CompaniesMarketCap.com reveals Bitcoin’s market value has reached $1.857 trillion, exceeding Amazon’s $1.837 trillion.The cryptocurrency has seen a remarkable rally in the…

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‘India a very hot market but…’: Elon Musk-led Tesla says 100% car tariffs make customers anxious

Tesla has long sought to establish a presence in India, the world's third-largest automotive market. (AI image) Elon Musk-led Tesla sees India as a ‘very hot market’, but rues the 100% tariffs on automobiles, which it says make customers anxious. The US auto giant continues to evaluate the timing of its entry into this promising…

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Donald Trump tariff relief for now: India’s pharma sector navigates an uncertain US trade future

Trump has indicated that there may be potential imposition of reciprocal tariffs on pharmaceuticals as well. (AI image) By Hitesh SharmaThe ongoing trade dynamics between India and the United States may have implications for the pharmaceutical sector, particularly in light of recent tariff announcements. As the US government implements reciprocal tariffs on imports from over…

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World Bank cuts India’s FY26 growth forecast to 6.3% citing global headwinds

The World Bank on Wednesday revised India’s GDP growth forecast for FY 2025-26 down to 6.3 per cent, a 0.4 percentage point cut from its previous estimate of 6.7 per cent. The downgrade reflects global economic headwinds and domestic policy uncertainties, according to the bank’s biannual South Asia Development Update titled Taxing Times.“In India, growth…

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India, US to hold formal talks on bilateral trade agreement in Washington amid Donald Trump’s tariff threat

Indian and US officials are set to begin formal talks on a proposed bilateral trade agreement (BTA) in Washington on Wednesday (US time), aiming to resolve outstanding issues and advance negotiations, as reported by news agency PTI. The three-day talks mark the first face-to-face engagement under the agreed terms of reference, which span 19 chapters,…

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RBI directs banks to adopt ‘.bank.in’ domain for safer digital transactions by October 31, 2025 | India-Business News

The Reserve Bank of India (RBI) has issued a circular asking Indian banks to shift their net banking facilities to an exclusive online domain- “.bank.in’. The process of shifting to exclusive domains must be completed latest by October 31, 2025, instructed RBI.The ‘.bank.in’ domain is a secure and exclusive digital space launched by the RBI…

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