By Jamie McGeever ORLANDO, Florida (Reuters) – U.S. President Donald Trump loves tariffs and big numbers, so it’s no surprise that the first targets in his trade war have been economies that boast the biggest trade surpluses with the United States in dollar terms. But if America’s bilateral deficits are measured as a share of …
Column-Trump tariffs a ‘lose-lose’ for emerging Asia: McGeever Read More »
SAO PAULO (Reuters) – Brazil’s inflation rate slowed in January from the previous month, data showed on Tuesday, but the 12-month rate was still above the upper end of the central bank’s target range, keeping expectations intact for another rate rise next month. In Latin America’s largest economy, consumer prices as measured by the benchmark …
Brazil’s inflation slows in January but tightening cycle to continue Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday the need to get inflation back to target will keep monetary policy on pause for now. “Given current economic conditions, it will likely be appropriate to hold the funds rate steady for some time,” Hammack said …
Fed’s Hammack sees need to hold rates steady for some time Read More »
By Clyde Russell LAUNCESTON, Australia (Reuters) -Gold’s surge to a fresh record high is being fuelled by fears of an escalating global trade war instigated by U.S. President Donald Trump. But behind the froth created by the mercurial U.S. leader, there are structural shifts that are creating a bullish backdrop for the precious metal. Spot …
Gold’s record highs are more than just Trump froth: Russell Read More »
By Sarupya Ganguly BENGALURU (Reuters) – Bond strategists are rethinking long-held forecasts for declining U.S. Treasury yields on the basis that tariff-linked inflation threats could further delay Federal Reserve rate cuts, a Reuters survey found. Many of those yield upgrades were based on investors demanding higher ‘term premium’ – compensation for holding debt over time …
By Gavin Maguire LITTLETON, Colorado (Reuters) -Vietnam has become a key driver of global growth in thermal coal imports and use, after supercharging imports of the power fuel by over 30% in 2024 to record highs. Vietnam’s imports of thermal coal rose 31% to 44 million metric tons in 2024, according to ship-tracking firm Kpler, …
Vietnam’s industrial boom drives global coal imports to new highs: Maguire Read More »
By David Milliken LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in interest rates last week did not mean she wanted a series of rate cuts or that she would vote the same way again in March. Mann’s vote came as a …
Bank of England’s Mann says no to ‘cut, cut, cut’ on rates Read More »
SYDNEY (Reuters) – Australia’s centre-left Labor government has asked financial regulators to help would-be home buyers with student loans to enter the property ladder as it faces a tough election where sky-high housing costs have seen its popularity plunge. At the request of Treasurer Jim Chalmers, financial regulators said they would make it easier for …
Australia’s Labor govt asks regulators to help home buyers with student debt Read More »
By Amy Lv and Lewis Jackson BEIJING (Reuters) – Shares at major listed steelmakers in top producer China slid on Tuesday as fresh tariffs by U.S. President Donald Trump stoked concerns over possible impact on steel exports this year. Trump substantially raised tariffs on steel and aluminium imports on Monday to a flat 25% “without …
Shares of Chinese steelmakers slide as Trump’s fresh tariffs add uncertainty on exports Read More »
(Reuters) – Billionaire investment banker Ken Moelis was awarded a $25 million retention bonus to stay at the investment bank Moelis & Company, according to a regulatory filing on Monday. Moelis, who founded the investment bank in 2007 and serves as its CEO, once was also a banker to current U.S. President Donald Trump. The …
Billionaire banker Moelis gets $25 million bonus to stay at investment bank’s top post Read More »
