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What does doubling of Trump's tariffs mean for India?
NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's additional 25% tariff on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50% - among the highest imposed by Washington and on par with Brazil and China.
Wed, Aug 27
Trump's efforts to remove Fed governor set to test Treasury market
Potential for looser monetary policy with Trump's Fed appointeesYield curve steepens amid fears of aggressive rate cutsHigh U.S. debt levels may tempt government to influence Fed policyBy Davide Barbuscia NEW YORK, Aug 27 (Reuters) - U.S. bond investors expect President Donald Trump's lat...
Wed, Aug 27
Trump's doubling of tariffs on Indian imports takes effect, hiking tensions
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on goods from India to as much as 50% took effect as scheduled on Wednesday, escalating tensions between the world's two largest democracies and strategic partners.
Wed, Aug 27
Australian dollar gets only fleeting help from high CPI
By Wayne Cole SYDNEY, Aug 27 (Reuters) - The Australian dollar edged up briefly on Wednesday after a surprisingly high reading on consumer prices seemingly dealt a blow to hopes for a near-term rate cut, though analysts cautioned there was a lot of noise in the data.The monthly reading of consume
Wed, Aug 27
China's industrial profits extend decline as demand, deflation woes take toll
China industrial profits fall again in July, demand woes persistOvercapacity concerns weigh on businessesBeijing under pressure to offer more support to boost domestic demand BEIJING, Aug 27 (Reuters) - China's industrial profits fell for a third consecutive month in July, as businesses strug...
Wed, Aug 27
Trump to chair Gaza meeting in Washington, top US and Israeli diplomats to also meet
Witkoff says US expects war in Gaza to be settled by end of yearPost-war Gaza plans to be discussed in Wednesday White House meeting, Witkoff saysTrump term began with Gaza ceasefire but situation has worsened in recent months of Israeli assaultBy Kanishka Singh and Jasper Ward WASHINGTON, Aug 26
Wed, Aug 27
[Reuters Analysis] Can Nvidia results dispel creeping AI doubts?: McGeever
By Jamie McGeeverORLANDO, Florida, Aug 26 (Reuters) - Questions are arising about when artificial intelligence will deliver its promised returns, meaning tech-concentrated U.S. equity indices sitting near record highs are vulnerable to a correction. Nvidia's quarterly results this week could the...
Wed, Aug 27
US Commerce Department affirms anti-dumping duties against 10 countries
By Christian MartinezAug 26 (Reuters) - The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after investigations into corrosion-resistant steel products.The determinations cover $2.9 billion in imports from Aust
Wed, Aug 27
Bessent says US tariff revenue could be well over $500 billion a year
By David Lawder Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.Bessent told a White Hou...
Wed, Aug 27
Fed's Cook to seek judicial decision to continue in her role, Fed says
By Howard Schneider and Ann Saphir Aug 26 (Reuters) - Federal Reserve Governor Lisa Cook, whose removal is being sought by President Donald Trump over allegations of misstatements on her mortgages, will seek court approval for her continued right to carry on in her role at the U.S. central bank,
Wed, Aug 27
US and Russian officials discussed energy deals alongside latest Ukraine peace talks
Discussions included whether Exxon Mobil would re-enter Sakhalin-1 projectTalks also covered Russia's possible purchase of US equipmentPossible deals were also discussed inside the White HouseBy Anna Hirtenstein and Marwa Rashad LONDON, Aug 26 (Reuters) - U.S. and Russian government officials...
Wed, Aug 27
US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up
Trump says he is firing Fed governor Lisa CookPresident's move fans concerns over Fed independenceUS stocks end with slight gainsBy Caroline Valetkevitch NEW YORK, Aug 26 (Reuters) - U.S. Treasury yields and the dollar eased on Tuesday as President Donald Trump's move to fire a central ba...
Wed, Aug 27
Iran, Europeans meet in Geneva as sanctions threat looms
E3 say they plan to decide on 'snapback' of Iran sanctions this monthRussia, China propose UN Security Council extend nuclear deal for six months IAEA has not been to nuclear sites since US, Israel bombed themEuropean demands include resumption of UN nuclear inspectionsTehran's stock of ...
Tue, Aug 26
Fed Governor Cook will sue to keep her job as Trump mulls replacement
Trump says he has cause to remove her but will abide by any court rulingAnother open board seat could boost Trump's influence over FedMarket reaction to Trump's uprecedented move on Cook mutedFed meets next to set interest rates on September 16-17By Howard Schneider, Ann Saphir and Trevor Hu...
Tue, Aug 26
US STOCKS SNAPSHOT-Wall St opens subdued after Trump's latest attack on Fed
Aug 26 (Reuters) - Wall Street's main indexes opened slightly lower on Tuesday, pressured by a rise in longer-dated Treasury bond yields after U.S. President Donald Trump's decision to fire a Federal Reserve governor renewed concerns about the central bank's independence.The Dow Jones In...
Tue, Aug 26
US Commerce chief defends greater government role in US companies
WASHINGTON, Aug 26 (Reuters) - U.S. Commerce Secretary Howard Lutnick on Tuesday defended President Donald Trump's push for the federal government to take a greater role in U.S. companies, raising the possibility it could move into the defense industry."There's a monstrous discussion abo...
Tue, Aug 26
Apparel retailer Citi Trends jumps on raising full-year sales forecast
Aug 26 - Shares of apparel, accessories retailer Citi Trends CTRN.O up about 5% at $35.70 premarket ** Co raises FY 2025 same-store sales growth forecast to mid- to high-single digits vs. previous outlook of mid-single digit growth
Tue, Aug 26
Indonesia says US agrees tariff exemption for its palm oil, cocoa and rubber
JAKARTA, Aug 26 (Reuters) - The United States has agreed in principle to exempt Indonesian exports of cocoa, palm oil and rubber from the 19% tariff imposed by President Donald Trump since August 7, Indonesia's top trade negotiator said on Tuesday.
Tue, Aug 26
Gold hits two-week peak after Trump says he is firing Fed governor
Aug 26 (Reuters) - Gold prices hit a more than two-week high on Tuesday after U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook, a move seen by many as eroding the central bank's independence and undermining confidence in U.S. assets.
Tue, Aug 26
MORNING BID AMERICAS-Nerves jangled by Fed 'firing'
LONDON, Aug 26 (Reuters) - What matters in U.S. and global markets todayWhile markets cheered Federal Reserve Chair Jerome Powell's apparent dovish tilt on interest rates last week, everything's gone flat today, and President Donald Trump’s claim to have fired Fed board member Lisa Cook isn’t helpi
Tue, Aug 26
