Free Press Journal
  • Falling rupee, soaring oil prices & rising worries

    It’s been a waterfall like slide for the rupee against the US dollar over the past few months. Last week, the rupee crashed below the 72-mark to end at a life low of 72.69 against the US dollar on growing fears of a rebound in oil prices and escalation of global trade war. The domestic currency’s previous all-time closing low was 68.73, touched on November 24, 2016.  Earlier in June, when the

  • Sensex, Nifty open at record high; pare gains amid trade war worries

    Mumbai: The benchmark BSE Sensex pared initial gains after hitting a record high of 37,876.87 in early trade today as investors turned cautious amid escalating global trade war concerns. The 30-share index rose 184.98 points, or 0.49 per cent, to hit a new peak of 37,876.87. Market sentiment, however, turned cautious as the index pared gains trading 40.13 points, or 0.11 per cent higher at 37,732.02 at 0950 Hrs.

  • real fear, global trade war, world's largest economics, US, China, tariff, Editorial,

    Real fear of a global trade war

    Setting off fears of a global trade war, last Friday the US and China, the world’s largest and second largest economies, slapped on each other tit-for-tat import tariffs. To begin with, $34 billion worth of each other’s imports would attract punitive tariffs. Donald Trump, the US President, seemed undeterred by the retaliatory Chinese imposts, warning that at this rate he would target all of Chinese imports into the US. Weeks ago, Trump

  • Sensex, Nifty turn choppy on weak global cues                 

    Mumbai: The BSE Sensex turned negative after opening 76 points higher in early session today amid weak global cues on rising concerns of a global trade war. The 30-share index was trading lower by 84.09 points, or 0.24 per cent, at 35,538.05. The gauge had gained 22.32 points in the previous session.

  • US stocks tumble amid global trade tensions

    New York: US stocks reversed early gains to end sharply lower as Wall Street continued to assess the impacts of global trade tensions. The Dow Jones Industrial Average on Tuesday rose 204.96 points, or 0.85 per cent, to 24,407.56. The S&P 500 increased 13.05 points, or 0.49 per cent, to 2,671.60, Xinhua news agency reported.

  • US-China trade war will have no winners

    One of the significant global trends these days is the rise of protectionism. Prime Minister Narendra Modi had identified this as one of three major global challenges in his speech at Davos earlier this year. The rise of protectionism is closely identified with the trade policies articulated, and now implemented, by President Donald Trump. His government’s latest move to impose high import duties on aluminum and steel is but the latest in

  • Donald Trump engages in a trade war with China

    There is no mistaking the fact that the US president Donald Trump has given China the jitters the like of which it could hardly have dreamt of. By imposing tariffs on $60 billion worth of Chinese goods and identifying China as an “economic enemy”, Trump has indeed set in motion a potential trade war. With financial markets plunging and Standard and Poor’s 500-stock index dropping by 2.5 per cent, this is the