May 21, 2026

climb

1 20.jpg

Asian markets drop as Trump unveils new tariffs: Pharmaceutical and Biotech stocks hit; oil, gold prices climb

contact@dailyupdatesindia.com02 mins

Asian markets opened cautiously on Friday after US President Donald Trump announced a fresh set of tariffs, while investors lowered expectations for significant Federal Reserve interest rate cuts following stronger-than-anticipated economic data.Trump revealed plans to levy a 100% tariff on imported branded pharmaceuticals, 25% on heavy-duty trucks, and 50% on kitchen cabinets. He also said…

Read More
Russia crude exports.jpg

Record cargoes: Russia’s crude exports climb to 16-month highs; refineries scale back due to Ukraine attacks

contact@dailyupdatesindia.com02 mins

JPMorgan Chase & Co. estimates indicate that Russian refining operations have declined to under 5 million barrels daily. (AI image) Russia’s crude oil exports have climbed to a 16-month high at a time when its own refineries are reeling under drone attacks from Ukraine. Vessel-tracking data compiled by Bloomberg shows that the four-week average exports…

Read More
1 44.jpg

Asian shares climb: Tech stocks surge after Nvidia OpenAI deal; gold hits fresh record

contact@dailyupdatesindia.com03 mins

Representative image credits: AP Asian share markets looked set to extend recent gains on Tuesday, driven by strong investor optimism around artificial intelligence (AI) and tech stocks, while bets on further US interest rate cuts pushed gold to fresh record levels.Wall Street had reached another record after Nvidia announced it would invest up to $100…

Read More