May 16, 2026

billion

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Amazon, Nvidia and Tesla hit as Donald Trump’s China Tariff announcement wipes $770 billion from tech megacaps in biggest-ever single day fall since April

contact@dailyupdatesindia.com03 mins

Major technology companies suffered their worst single-day losses since April last week, with Amazon, Nvidia and Tesla leading a $770 billion wipeout in market capitalisation following President Donald Trump‘s threats of increased tariffs on Chinese goods. According to a report by CNBC, shares of Amazon, Nvidia and Tesla each dropped approximately 5% during October 10…

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$6 billion wiped out in 1 hour! Trump to impose 130% tariff on China; triggers crypto market sell off

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Cryptocurrency markets tumbled on Friday as renewed trade tensions between the US and China, alongside a fresh export control move by Donald Trump, rattled investors worldwide.After the announcement crypto giant Bitcoin fell 8.4% to $104,782 at 17:20 ET and Ethereum followed, tumbling 5.8% to $3,637. Earlier on Monday, Bitcoin, the world’s largest crypto, recorded its…

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Forex watch: Reserves slip below $700 billion; FCAs decline, gold holdings rise

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India’s foreign exchange reserves fell by $276 million to $699.96 billion for the week ended October 3, according to Reserve Bank of India (RBI) data.In the previous week, the country’s forex reserves had declined by $2.334 billion to $700.236 billion, PTI reported.Foreign currency assets, the largest component of the reserves, dropped $4.049 billion to $577.708…

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‘Only US can act swiftly’: Argentina-Washington finalise $20 billion currency swap; Bessent assures markets will be stabilised

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US Secretary of Treasury Scott Bessent The US directly purchased Argentine pesos on Thursday and finalised a $20 billion currency swap framework with Argentina’s central bank, said treasury secretary Scott Bessent. The move is intended to provide assistance amid the Latin American country’s economic turmoil. In a social media post on X, Bessent wrote, “US…

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India-UK CEO Forum: PM Modi, Keir Starmer chart ‘roadmap for shared progress’; target $100 billion bilateral trade by 2030

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PM Modi, Keir Starmer address India-UK CEO Forum in Mumbai NEW DELHI: Prime Minister Narendra Modi and UK PM Keir Starmer, who is on visit to India, addresses the India-UK CEO Forum in Mumbai on Thursday, talking about market access, bilateral trade and economic cooperation between the two nations with target of doubling trade by…

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Gold investment trend: India’s gold ETFs hit biggest-ever $10 billion AUM; weaker rupee and global uncertainty fuel demand

contact@dailyupdatesindia.com02 mins

India’s physically backed gold exchange-traded funds (ETFs) recorded their biggest-ever monthly inflow in September, pushing total assets under management to a record $10 billion, according to World Gold Council (WGC) data cited by Reuters. The surge came as investors turned to gold amid weak stock market returns and persistent geopolitical uncertainty.Gold ETFs saw inflows of…

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Office real estate sees recovery: Q3 investments surge 27% to $0.8 billion; domestic capital drives renewed market confidence

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Institutional investments in India’s office real estate demonstrated strong recovery in 2025, indicating restored confidence despite complex global economic conditions. Office asset investments increased by 27% year-on-year in Q3, reaching $0.8 billion and representing over 60% of quarterly inflows, as reported by Colliers India.This recovery contributed significantly to total institutional real estate investments in India,…

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‘Big measures’: US plans $10 billion aid to support farmers; ‘give some tariff money to farmers’

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The Trump administration is reportedly planning to unveil a financial aid package to support American farmers who are hit hard by China’s boycott of US soybean.The package could cost more than $10 billion, though discussions involving both treasury and agriculture departments are still in the early stages, according to a source cited by CBS. Top…

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