(Reuters) -Farming supplies retailer Tractor Supply cut its annual profit forecast on Thursday, citing a “notable increase in uncertainty”, particularly from the introduction of new tariffs. Shares of Brentwood, Tennessee-based Tractor Supply were down 4% in premarket trading, after the company also missed analysts’ estimates for first-quarter net sales and profit. U.S. President Donald Trump’s …
By Gwladys Fouche OSLO (Reuters) -Norway’s $1.7 trillion sovereign wealth fund, which has invested over half its money in the United States, does not see a credible risk that its U.S. assets could be seized, the CEO of the fund’s operator said on Thursday in response to media speculation. Some 53.2% of the fund’s assets …
BERLIN (Reuters) -The German government cut its economic growth forecast on Thursday and now sees stagnation in 2025 instead of a 0.3% expansion as uncertainty from global trade disputes is set to hobble growth and dampen investment. Germany was the only G7 economy that failed to grow for the last two years, and the tariffs …
German economy to flatline in 2025 as tariff turmoil hits, government says Read More »
By Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) -South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of the ruling coalition government. The proposal to raise VAT by 1 percentage point over two years, intended to boost state revenue, met resistance as Africa’s biggest economy grapples with sluggish growth …
South Africa abandons planned VAT hike after pushback Read More »
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) -The decision by India’s central bank to cut rates and flood the banking system with cash will do little to immediately boost demand in Asia’s third-largest economy as global uncertainties restrain corporate investment, bankers and sources said. The infusion of liquidity, along with two consecutive rate cuts, …
RBI’s cash influx seen a small relief amid global uncertainty Read More »
(Reuters) -Spanish industrial prices fell in March on a monthly basis thanks to cheaper energy as well as lower vegetable oil prices, the National Statistics Institute (INE) said on Thursday. Prices at the Spanish factory gates, or the prices as they leave the factory before additional costs are added such as transportation, fell 3.9% in …
Spain’s industrial prices fell in March amid cheaper energy, vegoil Read More »
(Reuters) -Japanese investors were net buyers of overseas bonds in the week through April 19, as U.S. bond markets recovered somewhat after a heavy selloff earlier this month. Japanese investors had been net sellers of overseas bonds for six consecutive weeks, joining a broad pullback from dollar assets, driven by concerns over U.S. trade tariff …
Japanese investors turned net buyers of overseas bonds last week Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s economic growth this year will likely stay around 5% despite trade tensions, its finance minister said on Thursday, stressing a government delegation was still negotiating terms with Washington to try to avoid high tariffs. The minister’s outlook is roughly the same growth pace as last year’s …
Indonesia expects steady 5% growth in 2025 amid ongoing trade tensions Read More »
KUALA LUMPUR (Reuters) -Malaysia will need to mark down its growth forecast of 4.5% to 5.5% for the year due to trade and tariff uncertainties, its central bank governor said. The Southeast Asian country is, however, in no rush to revise the forecast and will see how the global trade situation plays out, Bank Negara …
Malaysia will need to revise down growth forecast, central bank governor says Read More »
By Karin Strohecker WASHINGTON (Reuters) -Turkey’s deputy central bank governor, Hatice Karahan, said on Wednesday that monetary policy tightness will be the main risk management tool to overcome the current volatility. “The main thing here for us in this turbulent time is giving the message about our strong monetary policy stance,” Karahan said at an …
Monetary policy main tool in turbulent times, says Turkey deputy central banker Read More »
