Abhijit Banerjee, Esther Duflo and Michael Kremer bag coveted prize for pioneering new ways to alleviate global poverty, the award-giving academy says.
US President Donald Trump says he would be raising planned tariffs on $300 billion in Chinese goods from 10 percent to 15 percent.
Also boosting investor sentiments were comments from China that the Washington and Beijing held discussions on trade overnight and would talk again the next two weeks.
Indian Prime Minister Narendra Modi's former economic advisor has rubbished India's claim to the fastest growing economy in the world - but that's just the tip of the iceberg.
The lowest rates of unemployment in almost two decades are accompanied by forecasts of a 4 percent economic growth in the US despite fears of a looming trade war.
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