US equity-index futures experienced a dip, and the dollar strengthened following President Trump’s announcement of planned blanket tariffs on most trading partners. Asian equities trimmed earlier gains, while the Canadian dollar weakened due to a proposed 35% tariff on Canadian goods. Investors are shifting focus to corporate earnings season, with Nissan raising $4.5 billion through a junk-bond sale.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous