See the full story in the original article.
Read the original on economictimes.indiatimes.com ↗
Related news
- US tariff waiver on Russian crude a comforting relief, but trade uncertainties persist: CareEdge Chief Economist Rajani Sinha
- US tariff waiver on Russian crude a comforting relief , but trade uncertainties persist : CareEdge Chief Economist Rajani Sinha
According to Rajani Sinha, Chief Economist at CareEdge, President Donald Trump's waiver of sanctions provisions under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which could have imposed tariffs of up to 100% on goods from the five largest buyers of Russian crude or gas, including India and China, gives India macroeconomic breathing room, though the relief may be temporary. She says markets viewed the tariff threat mainly as a negotiating technique, and India needs a comprehensive bilateral trade deal with Washington. Russia supplies over 30% of India's crude imports, but its discount has narrowed, with Russian crude trading near $117 per barrel versus Brent around $120. She projects the current account deficit at 0.8% to 1.2% of GDP and average headline inflation around 5% for the fiscal year, though crude prices staying above $100 per barrel could pose upside risks. She attributes the rupee's recent depreciation mainly to global sentiment and foreign capital flows, and sees the IDBI Bank stake sale as a positive step toward budget targets.
- US tariff waiver on Russian crude a comforting relief , but trade uncertainties persist : CareEdge Chief Economist Rajani Sinha
- US tariff waiver on Russian crude a comforting relief , but trade uncertainties persist : CareEdge Chief Economist Rajani Sinha
- US tariff waiver on Russian crude a comforting relief , but trade uncertainties persist : CareEdge Chief Economist Rajani Sinha
CareEdge Chief Economist Rajani Sinha says the US waiver on Russian crude gives India comforting relief, but the reprieve may be temporary, so India should secure a comprehensive bilateral trade deal with Washington. She views the threatened tariffs of up to 100% as a negotiating technique, and notes that Russian crude's discount advantage has narrowed to about $117 per barrel versus Brent near $120. Russia supplies over 30% of India's crude imports, mainly to ensure steady energy availability. Sinha projects the current account deficit at 0.8% to 1.2% of GDP and average inflation around 5% for the fiscal year, though crude above $100 per barrel could raise inflation risks. She attributes rupee weakness mainly to global sentiment and capital flows, and backs the IDBI Bank stake sale as a step toward budget targets.
- Trump Russian oil tariff waiver offers India relief , but experts warn of renewed US pressure
US President Donald Trump signed an executive order waiving additional tariffs of 100% on goods from the five largest importers of Russian crude oil and natural gas that make fresh purchases from October 18. The waiver has no fixed expiry and can be withdrawn, while existing Russia-related sanctions remain in place. GTRI says the move gives India only temporary relief, as Washington could restore tariff pressure in future trade talks. Former BPCL official R Ramachandran says the main benefit for Indian refiners is more crude sourcing choices rather than higher margins, while CareEdge chief economist Rajani Sinha expects India's current account deficit at 0.8 to 1.2% of GDP if crude trades at USD 80 to 100 per barrel, rising toward 1.5% under adverse conditions.
Related markets
Latest news
- Amazon stock pops after Morgan Stanley details 5 catalysts, lifts price target
Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335, implying about 40% upside from Friday's $250 close. The bear and bull cases are $220 and $410, a 3:1 risk-reward ratio. Analyst Brian Nowak outlined five catalysts: faster AWS revenue growth (47% in 2027 and 42% in 2028), AWS operating margins of 42% and 44%, more visibility into Bedrock, gains from AI shopping, and robotics that could save $2 billion to $4 billion a year for every 10% of units moving through automated fulfillment centers. The firm raised its capex forecast to $355 billion for 2027 and $365 billion for 2028. The stock is up about 11% this year but sits roughly 10% below its early August high.
- Should You Buy Meta (META) Ahead of Earnings?
Meta Platforms (NASDAQ:META) reports Q3 results on Oct 21, and the stock is among the top 10 holdings in Trump's latest portfolio, where its biggest trade in the Oct 8 filing was a purchase of $5 million to $25 million on Aug 21. Bulls say AI is boosting Meta's ad business: in Q2, ad impressions rose 14%, the average price per ad rose 12% and revenue grew 28%. Bears point to rising capital spending, nearly vanished free cash flow and a Q2 earnings miss of about 14% from legal and severance charges, while Muse brings in little revenue so far. The number of hedge funds holding Meta fell from 262 to 254 in Q2, and the stock fell after each of its last two earnings reports. The article notes analysts expect Q3 revenue growth of about 24% with EPS below last year, and suggests either buying a small starter position before the report or waiting for it.
- Berkshire Hathaway CEO Greg Abel Just Took a Page Out of Warren Buffett's Playbook, Plowing $930 Million Into a 'Wonderful Company at a Fair Price'
CEO Greg Abel has put $930 million into Bending Spoons, a company that acquires, optimizes and reinvests in digital businesses, including $600 million in its July IPO and a further $330 million later, lifting Berkshire's stake to about 4%. Bending Spoons has acquired 50 businesses since 2013, including AOL, Eventbrite and Vimeo. In the second quarter, revenue rose 126% to over $704 million, diluted EPS grew 163% to $0.28, and adjusted operating margin reached 54%. The IPO price was $29 per share and the $330 million purchase was at $33, while the stock now trades near $54.50, a market cap of nearly $35 billion and about 39 times forward earnings. The article argues this reflects Buffett's principle of buying a wonderful company at a fair price, though the stock is no longer a bargain.
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- BC-Gold Futures
AP's gold futures table (100 troy oz, USD per troy oz) as of 10:00 AM on Monday, October 19 shows the December 2026 contract trading at $4,169.50, down $11.60, with volume of 79,099 contracts versus 135,074 on Friday. The October 2026 contract rose $14.00 to $4,173.50, and open interest totaled 398,149 contracts, up 2,143.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.