News
Important Only
Canada PM Carney says federal budget will come in the autumn
TORONTO, May 18 (Reuters) - Canadian Prime Minister Mark Carney said on Sunday the federal government will present a budget in the autumn, days after the finance minister had said the new Liberal government will have an economic update later in the year. Carney's announcement after he attended P...Reuters
3 hours ago
EIB at work on AI, semiconductor investment plan to boost EU competitiveness
MILAN, May 17 (Reuters) - The European Investment Bank is working on a new project to enhance European capabilities on artificial intelligence and semiconductors, with the aim of raising 70 billion euros ($78 billion) by 2027, its head said on Saturday.The blueprint is part of the European Union'...Reuters
Sat, May 17
Vietnam steps up talks with US to reduce hefty tariff
HANOI, May 17 (Reuters) - Vietnam and the United States held their first direct ministerial-level negotiations on Friday against the backdrop of an impending U.S. tariff of 46% on imports from the Southeast Asian nation, which could significantly impact its growth.The Vietnamese trade ministry said ...Reuters
Sat, May 17
Foreign holdings of US Treasuries top $9 trillion in March, data shows
By Gertrude Chavez-DreyfussNEW YORK, May 16 (Reuters) - Foreign holdings of U.S. Treasuries soared to a record high in March, data from the Treasury Department showed on Friday, rising for a third straight month, as demand for U.S. government debt remained robust a few months after President Donald ...Reuters
Fri, May 16
Moody's downgrades US debt to AA1, citing rising interest costs and unsustainable debt growth
Moody's Ratings agency downgraded the US's sovereign debt credit rating after the market close on Friday. According to Moody's, the US is facing rising debt funding costs that far exceed those of similar government debt loads.Fxstreet
Fri, May 16
Foreign holdings of US Treasuries surge to record $9 trillion in March, data shows
NEW YORK, May 16 (Reuters) - Foreign holdings of U.S. Treasuries soared to a record high in March, data from the Treasury Department showed on Friday, rising for a third straight month.Holdings of U.S. Treasuries surged to $9.05 trillion in March, up more than $233 billion from $8.81 trillion in Feb...Reuters
Fri, May 16
What to Watch in the Week Ahead and on Monday, May 19
ON MONDAYJPMorgan Chase is scheduled to hold its investor day, where key executives will highlight the bank's growth strategies. Federal Reserve Bank of Atlanta President Raphael Bostic is expected to give welcome remarks and moderate a discussion before the 2025 Financial Markets Conference - &...Reuters
Fri, May 16
WRAPUP 2-US consumer sentiment slumps, households brace for inflation surge
Consumer sentiment drops to nearly three-year low in MayInflation expectations soar due to tariffsSingle-family housing starts hit nine-month low in AprilImport prices rise 0.1% in April, driven by capital goods By Lucia Mutikani WASHINGTON, May 16 (Reuters) - U.S. consumer sentiment deteriorated...Reuters
Fri, May 16
US consumer sentiment deteriorates further in May
WASHINGTON, May 16 (Reuters) - U.S. consumer sentiment slumped further in May while one-year inflation expectations surged as households remained concerned about the economic impact of President Donald Trump's aggressive and often erratic trade policy.The University of Michigan Surveys of Consum...Reuters
Fri, May 16
US UoM Consumer Sentiment Index is seen at 50.8 in May
US consumer sentiment weakened in early May, according to the University of Michigan’s preliminary survey. The Consumer Sentiment Index fell to 50.8 from 52.2 in April, undershooting market expectations and markin a decline in household confidence.Fxstreet
Fri, May 16
Trump says U.S. officials will send letters within weeks over trade
DUBAI, May 16 (Reuters) - U.S. President Donald Trump said on Friday that over the next two to three weeks U.S. officials will be sending letters to countries outlining "what they will be paying to do business in the United States."Trump, speaking in the capital of the United Arab Emirates A...Reuters
Fri, May 16
