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US President Donald Trump widens scope of tariffs, but pushes back timeline
US President Donald Trump hit markets with fresh tariff headlines on Wednesday, re-reiterating his insistence on 25% tariffs on Canada and Mexico, as well as adding the European Union to the mixed bad of countries that he will penalize US consumers for importing from.Fxstreet
Wed, Feb 26
WRAPUP 1-US new home sales tumble; median house price highest since 2022
New home sales drop 10.5% in JanuaryCold temperatures account for some of the sales declineMedian house price rises 3.7% to $446,300 from year agoNew housing inventory at highest level since late 2007 By Lucia Mutikani WASHINGTON, Feb 26 (Reuters) - Sales of new U.S. single-family homes fell more...Reuters
Wed, Feb 26
TREASURIES-US yields steady as investors eye tax cuts, wait for inflation data
House passes budget bill, seen as bearish on TreasuriesUS new home sales plungeFocus on inflation data due on FridayUS Treasury to sell seven-year notes By Tatiana Bautzer NEW YORK, Feb 26 (Reuters) - U.S. Treasury yields were steady on Wednesday, following steep declines in the previous session,...Reuters
Wed, Feb 26
Italy urges EU action to support higher defence spending
Adds Giorgetti comments from paragraph 6, details and backgroundBy Angelo Amante and Giuseppe Fonte ROME, Feb 26 (Reuters) - Italy on Wednesday called on the European Union to help allow countries to boost their defence spending without infringing the bloc's budget rules, as member states gra...Reuters
Wed, Feb 26
Fed's quantitative tightening expectations upended by debt-ceiling worries
Fed's balance sheet outlook upended by release of minutesAnalysts weigh whether Fed will stop or pause balance sheet cutsGovernment budget challenges complicate liquidity readingsBy Michael S. Derby Feb 26 (Reuters) - Expectations for the future path of the Federal Reserve's balance sheet...Reuters
Wed, Feb 26
US crude stockpiles fall as refining picks up, fuel inventories build, EIA says
Adds details from report, analyst commentary, milestones; updates pricesBy Liz Hampton and Georgina McCartneyDENVER, Feb 26 (Reuters) - U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds, the Ener...Reuters
Wed, Feb 26
US crude stocks fall, gasoline and distillate inventories rise, EIA says
DENVER, Feb 26 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 2.3 million barrels to 430.2 million barrels in the week ended February 21, the EIA said, compared with ...Reuters
Wed, Feb 26
Republican congressional leaders to meet Trump officials at White House, source says
WASHINGTON, Feb 26 (Reuters) - U.S. Senate Majority Leader John Thune and House Speaker Mike Johnson planned to meet at the White House on Wednesday with Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett, a source familiar with the matter told Reuters.The Republic...Reuters
Wed, Feb 26
US new home sales fall sharply in January
WASHINGTON, Feb 26 (Reuters) - Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers, the latest indication that housing market activity softened early in the first quarter.New home sales plunged 10.5% to a seasonally ...Reuters
Wed, Feb 26
Trump's $5 million 'gold card' visa unlikely to attract wealthy investors, advisers say
By Scott Murdoch, Youn Ah Moon and Sinead Cruise SYDNEY/SEOUL/LONDON, Feb 26 (Reuters) - U.S. President Donald Trump's $5 million so-called 'gold card' visa program is unlikely to trigger a major inflow of wealthy global investors seeking U.S citizenship because of concerns over highe...Reuters
Wed, Feb 26
Trump ends US initiative to boost electricity access in Africa, Bloomberg News reports
Widens media identifier; Adds details from report and background throughout Feb 26 (Reuters) - An initiative by the United States to increase electricity supply in Africa has been dismantled by U.S. President Donald Trump's administration after more than a decade of work, Bloomberg News repor...Reuters
Wed, Feb 26
Taiwan slightly cuts 2025 GDP growth outlook amid Trump tariffs concern
Revises down 2025 GDP outlook to 3.14% Says Taiwan could start feeling impact of Trump tariffs from Q3, Q4Says parliament-imposed budget cuts also undermine GDP outlookAdds official comments in paragraph six, and other details on growth and inflation, paragraphs 11, 12By Faith Hung and Jeanny KaoTAI...Reuters
Wed, Feb 26
Trump ends US initiative to boost electricity access in Africa, Bloomberg News reports
Feb 26 (Reuters) - A initiative by the United States to increase electricity supply in Africa has been dismantled by U.S. President Trump's administration after more than a decade of work, Bloomberg News reported on Wednesday, citing people familiar with the matter.Almost all of Power Africa’s p...Reuters
Wed, Feb 26
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
10,000 civil service jobs to be cut before 2027, public sector pay freezeGovernment aims for 7% expenditure cut by 2027-28GDP forecast to grow 2-3 percent this yearGeopolitics to "bring challenges" to HK economyAdds analyst quote, GDP figures, market reactionBy Jessie Pang and Clare Jim H...Reuters
Wed, Feb 26
