[CC may contain inaccuracies] If we don't get a deal, What are your expectations. What could be the hit to the broader economy be. I think we are already seeing the impact of, you know, higher US tariffs because India's exports to US exports have been contracting for the last couple of months in some product categories, we've seen export diversification.But on the whole there is pressure on the labour intensive sectors in the MSMEs particularly. So you know, cash flow, profit margins for these companies is ...

India’s economy and financial markets are sending conflicting signals about the growth outlook, complicating policymakers’ efforts to support activity as high US tariffs weigh on prospects https://t.co/zW3NS4SEni ...

RT Bloomberg New Economy (@BBGNewEconomy)"I think many countries - in Asia are trying to grapple with the level of tariffs in the country."@IVSCouncil Chair Lim Hwee Hua on the impact US tariffs are having on countries #BloombergNewEconomy.⏯️ https://t.co/J5lCJTamOX https://t.co/75ivKypFgC ...

India’s central bank is supporting the currency and bond markets as delays in reducing harsh US tariffs hurt local assets https://t.co/18jN8yQzht ...

Core Insights - German carmakers Mercedes-Benz and Porsche AG are facing significant financial challenges due to tariffs, price wars, and declining demand in key markets, leading to a sharp decline in profits and sales [1][5][6] Financial Performance - Mercedes-Benz reported a Q3 net profit decrease of 31% to €1.19 billion, surpassing the consensus estimate of €1.09 billion [1] - Porsche experienced a net operating loss of €967 million in Q3, a stark contrast to a €974 million profit in the same period last year, with analysts expecting a loss of €611 million [1] Market Challenges - The German automotive industry is struggling with sales across Europe, North America, and China, compounded by energy costs that are three times higher than in the US [2] - German car exports to China are significantly declining, with the North American market no longer providing a buffer due to rising US protectionism [4] - Mercedes' deliveries in China fell by 27% year-on-year in Q3, while Porsche's deliveries dropped by 26% [5] Economic Context - Germany's GDP has stagnated, with quarterly growth either flatlining or slowing in 10 of the last 12 quarters [2] - The automobile industry output in Germany contracted by 18.5% month-on-month in August [4] Strategic Responses - Porsche plans to reduce its workforce by 1,900 employees by the end of the decade due to weak demand for electric vehicles and challenging economic conditions [10] - The company is maintaining its full-year sales guidance of approximately €37 to €38 billion, with a focus on cost discipline [9] Consumer Sentiment - Consumer and export sentiment in Germany is declining, with the Consumer Climate Indicator forecast to decrease by 1.6 points to -24.1 [13] - The ongoing geopolitical tensions and inflation fears are negatively impacting consumer confidence and expectations [14]

India’s shift away from discounted Russian crude should be more than offset by gains from likely lower US tariffs, Nomura said https://t.co/Z8tNqj269w ...

Economic Policy - India is implementing long-term strategies to decrease reliance on the US dollar [1] Trade Relations - US tariffs are negatively impacting India's currency and trade outlook [1]

Indian equities are on track for record foreign outflows this year as concerns over US tariffs and weak earnings weigh on sentiment https://t.co/OkiDkiYffS ...

The Bank of Canada is likely to resume cutting interest rates on Wednesday amid mounting evidence US tariffs are damaging the economy and labor market https://t.co/74wkmqfCeN ...

Group 1 - Copper prices reached their highest level in over a month, supported by positive manufacturing data from China and a weaker dollar [1][9] - Three-month copper on the London Metal Exchange (LME) was down 0.2% at $9,886 per metric ton after hitting $9,947, the highest since July 24 [1] - LME copper has increased by 12% this year, rebounding from $8,105 in early April, which was the lowest in over 16 months [1][6] Group 2 - A private sector survey indicated that China's factory activity in August expanded at the fastest pace in five months, driven by rising new orders [2] - The overall macro and cyclical conditions in China are improving, which is expected to positively impact final demand [2] - Chinese equities have also shown strong performance, reflecting broader market positivity [4] Group 3 - Concerns about US tariffs are dampening factory activity in other parts of Asia, which may affect metals markets [5] - The dollar index fell to a five-week low, influencing commodity prices for buyers using other currencies [7] - A weaker dollar makes commodities priced in US currency cheaper for international buyers, impacting overall demand [8]