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China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

By Elaine Kurtenbach, April 28, 2025(AP) – China’s leaders are downplaying the potential impact from U.S. President Donald Trump’s trade war, saying they have the capacity to protect jobs and limit damage from higher tariffs on Chinese exports. The briefing Monday by several senior officials of different government ministries appeared aimed at shoring up confidence with promises of support for companies and the unemployed, easier lending conditions and other policies to counter the impact of combined tariffs of up to 145% on U.S. imports from China. It followed a meeting of China’s powerful Politburo last week that analysts said had

Gold falls as easing US-China tensions curb safe-haven demand

April 28(Reuters) – Gold retreated on Monday as easing U.S.-China trade tensions boosted investors’ risk appetite and dented demand for safe-haven assets such as bullion, while a stronger dollar also piled on the pressure. Spot gold was down 0.8% at $3,292.43 an ounce, as of 0431 GMT. Bullion hit a record high of $3,500.05 on April 22. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. U.S. gold futures rose 0.2% to $3,303.70. The dollar rose 0.2% against a basket of currencies, making bullion more expensive for overseas buyers.

Sensex, Nifty surge in early trade on buying in Reliance Industries, foreign fund inflows

Mumbai, Apr 28 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday amid sustained foreign fund inflows and a sharp rally in blue-chip stock Reliance Industries. A firm trend in global markets also propelled rally in the domestic equities. The 30-share BSE benchmark gauge jumped 456.05 points to 79,668.58 in early trade. The NSE Nifty rallied 112.85 points to 24,152.20. From the Sensex firms, Reliance Industries climbed 3 per cent after the firm reported a 2.4 per cent rise in March quarter net profit as store rationalisation in retail business and improved margins in telecom helped

Rupee rises 12 paise to 85.29 against US dollar in early trade

Rupee hits record low

Mumbai, Apr 28 (PTI) The rupee appreciated 12 paise to 85.29 against the US dollar in early trade on Monday, supported by strong domestic fundamentals, such as rising forex reserves and healthy capital inflows. Forex traders said a steady rise in reserves enhances India’s import cover, providing a crucial buffer against external shocks and lending stability to the rupee. However, the rupee could face pressure amid any escalation in tensions between India and Pakistan as geopolitical uncertainties like these tend to drive investors toward safer assets, causing outflows from emerging markets and weakening local currencies like the rupee. At the

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