Reuters US Economy Archives - Page 194 of 866

UK shoppers took fright at Trump tariffs, British Retail Consortium says

24 Apr 2025 24 Apr 2025

By David Milliken LONDON (Reuters) -British shoppers took fright at the global financial market turmoil unleashed by U.S. President Donald Trump’s tariff announcements earlier this month, according to a survey published on Thursday by the British Retail Consortium. The trade body said its balance of consumer sentiment about the state of the economy sank to …

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New Zealand consumer confidence rose in April, remains pessimistic

24 Apr 2025 24 Apr 2025

WELLINGTON (Reuters) -Consumer confidence in New Zealand rose in April, shoring up the rising trend that was starting to look wobbly, ANZ-Roy Morgan data showed on Thursday. “It’s good to see that New Zealand consumers so far appear to be relatively unfazed by the recent bout of global volatility,” ANZ Chief Economist Sharon Zollner said …

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US, China tariffs both need to fall for trade talks to start, Bessent says

24 Apr 2025 24 Apr 2025

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Wednesday that he believes that excessively high tariffs between the U.S. and China will have to come down before trade negotiations can proceed but said President Donald Trump would not unilaterally cut tariffs on Chinese imports. Bessent told reporters on the sidelines of …

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Brazil central bank announces rollover of $18.4 billion in swaps maturing in June

23 Apr 2025 23 Apr 2025

SAO PAULO (Reuters) – Brazil’s central bank said on Wednesday it would hold auctions starting on April 28 to roll over $18.4 billion in traditional currency swaps expiring on June 2. The central bank said in a statement that daily traditional swap auctions would be held as long as necessary for the expiring stock to …

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Argentina peso expected to hit lower band, says deputy central bank governor

23 Apr 2025 23 Apr 2025

By Karin Strohecker WASHINGTON (Reuters) -Argentina’s Deputy Central Bank Governor Vladimir Werning said on Wednesday he expected the peso currency to hit the lower end of its recently implemented trading band. “(In) all successful emerging market stabilization programs, at the end of the day, you have a stronger currency,” said Werning, speaking at a conference …

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Newmont profit beats estimates as gold rally trumps weak output

23 Apr 2025 23 Apr 2025

(Reuters) -The world’s biggest gold miner Newmont beat Wall Street estimates for first-quarter profit on Wednesday as a rally in bullion prices helped offset lower production, sending its shares up 2% after hours. The average price of gold has been rising over the past few quarters and hit record highs in the January to March …

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IMF’s Georgieva, World Bank’s Banga need to earn Trump administration’s trust, Bessent says

23 Apr 2025 23 Apr 2025

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said IMF chief Kristalina Georgieva and World Bank President Ajay Banga are both good leaders but must earn the Trump administration’s trust by refocusing the institutions on their core missions. Bessent told reporters that no decision has been made on …

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Coffee tariff exemption request well received by US government, National Coffee Association boss says

23 Apr 2025 23 Apr 2025

SAO PAULO (Reuters) – An application by the United States’ National Coffee Association (NCA) to get coffee exempted from tariffs imposed by U.S. President Donald Trump has been well received, the NCA’s CEO Bill Murray said during an industry event in Brazil’s Sao Paulo state on Wednesday. “We think it is a good sign that …

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ECB’s Lagarde: U.S. tariffs could have a disinflationary impact in Europe

23 Apr 2025 23 Apr 2025

(Reuters) -European Central Bank President Christine Lagarde said on Wednesday U.S. tariffs could have a disinflationary impact in Europe if there are no European countermeasures but they prompt China to reroute exports to the region. U.S. President Donald Trump ratcheted up tariffs on Chinese imports this month, raising them effectively to 145% when levies imposed …

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European shares at near three-week highs as U.S.-China trade tiff appears to ease

23 Apr 2025 23 Apr 2025

By Sukriti Gupta, Medha Singh and Nikhil Sharma (Reuters) – European shares climbed to a near three-week high on Wednesday, boosted by strong earnings from Europe’s largest software maker SAP, while easing trade tensions between the United States and China lifted investor sentiment globally. The pan-European STOXX 600 index ended 1.8% higher. Germany’s blue-chip index …

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