US pharma tariffs would raise US drug costs by $51 billion annually, report finds
A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9%…
US-China trade war to give fresh impetus to India-Europe corridor project?
The project was launched on the sidelines of the G20 summit in New Delhi in September 2023 by seven heads of state from India, the…
S&P Global Ratings: Maintains corporate default forecasts, but risks are rising
Recent increases in market volatility related to tariffs have raised fears for growth and higher corporate default rates, S&P Global Ratings said in the "Corporate…
US business lobby in China: Some pharma firms reporting tariff exemptions
Pharmaceutical companies in China are reporting that they have been able to import some drugs over the past week with tariff exemptions, the Beijing-based American…
China exempts some goods from US tariffs to limit trade war pain
China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses notified,…
India plans incentives for steelmakers to drive decarbonisation, secretary says
India is chalking up a host of incentives to spur production of green steel and drive local steelmakers' decarbonisation efforts, the federal steel secretary said…
Oilfield services provider SLB misses profit estimates on international weakness
SLB missed analysts' estimates for first-quarter profit on Friday, as a slowdown in demand in Latin America for its oilfield equipment and services dragged its…
US refiner Phillips 66 posts bigger-than-expected quarterly loss
Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the…
Apple moving to boost iPhone shipments from India to US to ease tariff impact, source says
Apple aims to make most of its iPhones sold in the United States at factories in India by the end of 2026, and is speeding…
Stocks, dollar eye weekly rise on hints of tariff relief
European and Asian stocks headed for a second straight week of gains on Friday and the dollar eyed its first weekly rise in more than…
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