Economy news

• What Trump’s latest safeguard tariff move on quartz surface products means for India

  18-08-2026 17:50 via timesofindia.indiatimes.com
  
  The US accounted for 72.5% of India’s quartz surface-product exports in FY2026, according to a Global Trade Research Initiative (GTRI) report. India’s move does not amount to a formal WTO dispute at this stage. During the consultations, India could challenge the US assessment of increased imports and injury to domestic producers.
  
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• US-Canada tariff clock ticks: Last-minute talks to avert Trump’s 50% tariffs

  18-08-2026 17:20 via timesofindia.indiatimes.com
  
  The race against time for a tariff agreement unfolds between the United States and Canada, as President Trump has set a firm deadline, warning of hefty tariffs on Canadian imports. With negotiations proving to be both intense and fragile, both nations are eager to find common ground before the clock runs out, especially given the economic implications of renewed tariffs amidst ongoing trade disputes and rising tensions.
  
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• US stock market today: Wall Street pulls back from record highs as AI-related stocks drop

  18-08-2026 16:29 via timesofindia.indiatimes.com
  
  US stock market today: The decline was led by several of the market's biggest recent winners, particularly companies that have benefited from the surge in artificial-intelligence spending.
  
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• How long can the world & India absorb the US-Iran war oil shock?

  18-08-2026 15:25 via timesofindia.indiatimes.com
  
  In its August outlook on oil, US Energy Information Administration estimates that it will take until early 2027 for oil production and trade patterns to generally return to pre-conflict status. For how long can the global economy, and India, survive an oil shock that may be snowballing slowly to possibly hit hard?
  
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• India's chip story enters next phase: 5-6 semiconductor projects may go commercial by end of 2026

  18-08-2026 13:24 via timesofindia.indiatimes.com
  
  By late 2026, India is poised to launch five to six semiconductor projects into commercial production. The second phase of the India Semiconductor Mission aims to expand its reach significantly, focusing on chip design, manufacturing, and advanced research. Moreover, the government emphasizes building a skilled workforce in semiconductor manufacturing. Semicon India 2026 is set to bring together global industry leaders to promote partnerships and investments.
  
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• Banks closed tomorrow: Why branches will remain shut in Tripura on August 19

  18-08-2026 12:31 via timesofindia.indiatimes.com
  
  On August 19, banks across Tripura will be closed in observance of a regional holiday. Other states will also experience bank holidays later this month to honor various festivals. While branch operations will be halted, digital banking services will continue to function normally. Customers should adjust their plans accordingly to account for these closures while still being able to access online and ATM banking throughout the holidays.
  
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• Why India is considering sugar imports as prices hit record levels

  18-08-2026 12:17 via timesofindia.indiatimes.com
  
  India is considering limited duty-free sugar imports and tighter stock limits. These measures aim to boost domestic supplies and control record high sugar prices. Wholesale sugar prices have climbed nearly twenty percent since early August. Festival season demand typically increases sweetener consumption sharply each year. The government is examining several policy options to manage market conditions.
  
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• Northern Sea Route in focus: India eyes first cargo ship along Arctic Route to Russia - why it matters

  18-08-2026 10:10 via timesofindia.indiatimes.com
  
  Located along Russia’s Arctic coastline, Arkhangelsk lies on the Northern Dvina River and serves as a major cargo centre connected to the Northern Sea Route. The NSR stretches about 5,600 km across Russia’s Arctic waters. Much of the route remains covered by thick ice for most of the year.
  
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• Trump tariffs: India seeks WTO consultations over 50% US duties quota on quartz surface imports

  18-08-2026 09:09 via timesofindia.indiatimes.com
  
  In its August 14 communication to the WTO, New Delhi said it has a "substantial interest" in the matter and suggested that the consultations be conducted.
  
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• Gold price prediction today: Will gold continue its rally? Check August 18, 2026 outlook

  18-08-2026 08:05 via timesofindia.indiatimes.com
  
  Spot gold extended its weekly winning streak to the second straight week in the week ending August 14. It closed 0.70% higher for the week at $4376.
  
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• Rupee slips 7 paise against US dollar as crude soars beyond $90 per barrel levels

  18-08-2026 06:32 via timesofindia.indiatimes.com
  
  On Tuesday morning, the Indian rupee experienced a drop against the US dollar, influenced by rising crude oil prices and persistent demand for dollars. Brent crude futures remained above ninety-one dollars per barrel, amplifying the necessity for dollars. Compounding this issue was the Reserve Bank's recent closure of a forex-swap facility, which affected inflows. Additionally, domestic equities opened on a low note as foreign investors continued to sell shares.
  
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• Top stocks to buy today: Stock market recommendations for August 18, 2026 - check list

  18-08-2026 05:12 via timesofindia.indiatimes.com
  
  Stock market recommendations: Mphasis, Supreme Industries, United Spirits, and Kfin Technologies are the top stocks to buy that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan has recommended for August 18, 2026:
  
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• Crude prices cross $90 as ceasefire hopes dim, Hormuz disruption weighs on supply

  18-08-2026 04:03 via timesofindia.indiatimes.com
  
  Oil prices climbed Tuesday as Middle East war concerns persisted. Iran signaled a more offensive military approach, and the US rejected extending the ceasefire. Shipping through the Strait of Hormuz significantly decreased following recent attacks. Tensions also escalated in the Red Sea with Houthi missile attacks. Crude oil inventories in the US are expected to have declined last week.
  
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