Asian stocks experienced a sixth consecutive day of losses due to President Trump’s announcement of new tariff rates, overshadowing positive earnings from major tech companies. The tariffs, impacting countries with trade surpluses, introduce uncertainty and policy unpredictability, making business planning difficult. While some tariffs were anticipated, others came as a surprise, affecting various nations’ exports.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.