Saturday, October 10
The US trade deficit more than halved in April, government data showed Thursday, pulling back from a record on a plunge in imports as President Donald Trump's global tariffs kicked in.The world's biggest economy logged a trade gap of $61.6 billion in the same month that Trump unveiled 10 percent levies on almost all trading partners. This was down by 55.5 percent from March, said the Commerce Department.In March, the overall US trade deficit widened to a new record of $138.3 billion as businesses sought to get ahead of Trump's promised duties.But imports slumped by 16.3 percent in April to $351 billion as the blanket tariffs on US allies and competitors alike kicked in.Apart from the 10 percent levy, Trump also announced -- before swiftly pausing -- higher rates on dozens of economies incl
Mumbai: Corporates are increasingly turning to the bond market, with a higher preference for short-term bonds, as banks have been slow in passing on previous rate cuts. Corporates have issued ₹61,200 crore in up to five-year bonds in May 2025, nearly three times the funds raised in May 2024 for the same tenure, prime database showed. The Reserve Bank of India's nearly $100-billion of liquidity infusion since December 2024 has led to a sharper fall in short-term bond yields compared to their long-term peers, triggering a change in the way companies borrow. "The has infused ample liquidity and has made sure the system is in continuous surplus of almost ₹2 lakh crore, which has caused more corporate bond issuances. Additionally, the market has factored in further rate cuts too," said Venk
