By Mimosa Spencer and Sami Marshak PARIS/NEW YORK (Reuters) -Luxury goods companies were spared their worst case scenario in Sunday’s EU-U.S. trade deal but they face a delicate balancing act as already weak consumer demand tests their ability to raise prices further. Big labels like Chanel and LVMH’s Louis Vuitton and Dior have relied on …
Analysis-US tariffs will be test of luxury brands’ pricing power Read More »
PARIS (Reuters) -The French wine and spirits exporters’ federation FEVS said on Monday the trade deal struck between the European Union and the United States was expected to confirm duty-free trade in spirits. Since April, U.S. duties on EU spirits had been provisionally set at 10%. As far as wine was concerned, not everything has …
EU-US trade deal expected to confirm duty-free trade in spirits, French exporters say Read More »
OTTAWA (Reuters) -Talks between Canada and the United States on a trade deal are at an intense phase, Prime Minister Mark Carney told reporters on Monday, reiterating that an agreement without any tariffs at all was unlikely. The two sides are working towards an agreement by August 1, the date U.S. President Donald Trump is …
Canada-US talks are at an intense phase, some tariffs likely, says Carney Read More »
By Anant Chandak BENGALURU (Reuters) -Ramped-up oil production and diversification efforts will help most Gulf economies grow faster this year than they did in 2024, a Reuters poll of economists suggested. Despite deep cuts to oil output since late 2022, energy prices have largely stayed subdued as heightened geopolitical tensions and U.S. trade uncertainties have …
Gulf economies to rebound on higher oil output and revenue diversification- Reuters poll Read More »
By Gabriel Burin (Reuters) -Argentina’s ongoing economic recovery will moderate to a normal pace in the run-up to October’s mid-term legislative election, a Reuters poll showed. At the start of 2025, Latin America’s No. 3 economy behind Brazil and Mexico picked up strongly following a two-year recession that capped more than a decade of poor …
Argentina economic recovery to moderate in the run-up to October vote – Reuters poll Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. Treasury is widely expected to maintain current auction sizes for notes and bonds when it announces financing plans this week, and will likely keep them steady for some time, forgoing issuing longer-dated debt to cover the government’s fiscal shortfall. Investors will be looking for guidance as to …
No Treasury auction size increases seen at US refunding Read More »
LONDON (Reuters) -British public sector productivity grew at its fastest annual rate in two years in the first quarter of 2025 but remained lower in outright terms than before the pandemic, official figures showed on Monday. Productivity growth – the main driver of long-term increases in living standards – has been weak across the British …
UK public sector productivity picks up, still lower than before pandemic Read More »
NEW DELHI (Reuters) -India’s industrial output grew 1.5% year-on-year in June, government data showed on Monday. Economists polled by Reuters projected a growth of 2%. Industrial output grew at a revised 1.9% year-on-year in May. KEY NUMBERS * Manufacturing output up 3.9% in June as compared to a revised growth of 3.2% in May * …
India’s industrial output rises 1.5% year-on-year in June Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets European stocks and Wall Street futures climbed again after the weekend deal between the United States and European Union averted a trade war between two allies that account for almost a third of global …
Morning Bid: US-EU deal boosts markets and the dollar Read More »
By Promit Mukherjee OTTAWA (Reuters) -The Bank of Canada on Wednesday is likely to keep interest rates unchanged at 2.75% for the third time, economists and market analysts predict, as firm core inflation and robust job growth lessen the urgency to ease rates. The central bank, economists and businesses are increasingly hoping that the worst-case …
Bank of Canada expected to hold interest rates steady for the third time Read More »
