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Wall Street held gains on Thursday, largely shrugging off a decision by a federal appeals court late Thursday President Donald Trump’s tariffs. This came a day after a trade court blocked most of the U.S. president’s tariffs going into effect. The S&P 500 remained higher on the day after the appeals court headline. The dollar,…
Policy uncertainty persists despite temporary optimism Investment strategies shift to shorter horizons Court ruling boosts Asian markets, led by South Korea, Japan By Rocky Swift and Ankur Banerjee TOKYO, May 29 (Reuters) – A legal roadblock on U.S. President Donald Trump’s sweeping tariffs drew early cheer from markets on Thursday, but the risks of extended…
On the receiving end of the ruling was JSW Steel Ltd. The company, among India’s largest steelmakers, acquired BPSL through a winning ₹19,000 crore bid in 2021, injected capital, integrated operations, and gained control of its assets, but now finds its plans quashed. A Supreme Court bench led by Justices Bela Trivedi and Satish Sharma effectively…