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Trump announces 25% tariff on ‘any country’ trading with Iran, move could impact India, China, UAE

Trump announces 25% tariff on ‘any country’ trading with Iran, move could impact India, China, UAE

New York/Washington, Jan 13 (PTI) US President Donald Trump announced that any country “doing business” with Iran will have to pay a 25 per cent tariff on its trade with Washington, a move that could impact Tehran’s major trading partners such as India, China and the UAE. “Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25 per cent on any and all business being done with the United States of America. This Order is final and conclusive,” Trump said in a post on Truth Social Monday. Among Iran’s major trading partners

Stock markets trade lower after initial rally on foreign fund outflows, selling in blue-chips

Stock markets trade lower after initial rally on foreign fund outflows, selling in blue-chips

Mumbai, Jan 13 (PTI) Equity benchmark indices Sensex and Nifty were trading lower after rallying in early trade on Tuesday amid unabated foreign fund outflows and selling in blue-chip stocks. The 30-share BSE Sensex climbed 379.86 points to 84,258.03 in early trade. The 50-share NSE Nifty went up by 109.55 points to 25,899.80. But, soon after both the benchmark indices gave up all initial gains and were trading lower. The 30-share BSE quoted 244.98 points lower at 83,627.36, and the Nifty traded 74.30 points down at 25,716.70. From the 30-Sensex firms, Larsen & Toubro, HCL Tech, Reliance Industries, Bharti Airtel,

Rupee falls 5 paise to 90.22 against US dollar in early trade

Rupee falls 5 paise to 90.22 against US dollar in early trade

Mumbai, Jan 13 (PTI) The rupee weakened by 5 paise to 90.22 against the US dollar in early trade on Tuesday, amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds. An unprecedented geopolitical concern and global trade uncertainties have accelerated the dollar demand worldwide, adding strength to the greenback and putting pressure on the Indian currency, analysts said. At the interbank foreign exchange, the rupee opened at 90.24 and gained slightly to trade at 90.22 against the greenback in early deals, registering a loss of 5 paise from its previous closing level. On Monday,

China and the EU agree on steps to resolve their dispute over EV imports

China and the EU agree on steps to resolve their dispute over EV imports

HONG KONG, January 12, 2026 (AP) — China and the European Union said Monday they have agreed on steps toward resolving their dispute over the bloc’s imports of Chinese-made electric vehicles. A “guidance document” released by the EU on Monday gives instructions for Chinese EV manufacturers on making price offers for EV exports, including minimum import prices and other details. The EU had imposed tariffs of up to 35.3% on Chinese EV imports in 2024 following an anti-subsidy investigation. The EU said that wide variations in the types of vehicles made it necessary to set specific minimum import prices “appropriate

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