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India's Andhra Pradesh state approves up to $600 million for electronic parts production
Aug 1 (Reuters) - India's southern state of Andhra Pradesh on Friday approved a draft scheme offering $600 million in incentives to boost local manufacturing of electronics components.In March this year, India's federal government approved a similar plan worth a larger 229.19 billion rupees ...Reuters
Fri, Aug 1
Bangladesh secures 20% US tariff for garments, exporters relieved
Bangladesh secures 20% tariff on key garment exports to USIndia faces higher 25% tariff on apparel shipmentsPakistani exporters cautious about impact of 19% tariffBy Ruma Paul DHAKA/KARACHI/AHMEDABAD, Aug 1 (Reuters) - Bangladesh has negotiated a 20% tariff on exports to the U.S., down from the 3...Reuters
Fri, Aug 1
Euro zone inflation holds at ECB target, supporting case for steady rates
Headline inflation unchanged at 2.0%Core inflation unchanged at 2.3%Markets reducing bets on further rate cutsChinese dumping amid trade war a key uncertaintyBy Balazs Koranyi FRANKFURT, Aug 1 (Reuters) - Euro zone inflation held steady at the ECB's 2% target in July, confirming the bank'...Reuters
Fri, Aug 1
WRAPUP 7-Trump hits dozens more countries with steep tariffs
Mexico avoids 30% tariff on non-automotive, non-metals goodsA 35% tariff on many Canadian goodsBrazil hit with 50% tariff, some sectors excludedChina trade deal not finalized, August 12 deadline loomsTrump administration teases additional trade dealsBy David Lawder, Trevor Hunnicutt and Aida Pelaez-...Reuters
Fri, Aug 1
Taiwan says 20% U.S tariff is temporary; separate rate for chips in focus
Taiwan government seeking more favourable rateUS official says Taiwan's offer well-received, final deal closeTariffs for chips, electronics and other tech are part of a separate discussion By Yimou Lee and Wen-Yee Lee TAIPEI, Aug 1 (Reuters) - Taiwan President Lai Ching-te said on Friday tha...Reuters
Fri, Aug 1
UK factories edge closer to end of downturn, PMI suggests
LONDON, Aug 1 (Reuters) - Britain's manufacturers - hit in recent months by trade wars and higher taxes - moved closer to a return to growth in July and executives were their most optimistic in five months, according to a survey published on Friday.The S&P Global/CIPS manufacturing Purchasin...Reuters
Fri, Aug 1
Euro zone manufacturing approached stability in July as PMI hits three-year high
LONDON, Aug 1 (Reuters) - Euro zone manufacturing moved closer to stabilization in July as factory activity contracted at its slowest pace in three years, despite a dip in new orders and slower output growth, a survey showed.The HCOB Eurozone Manufacturing Purchasing Managers' Index, compiled by...Reuters
Fri, Aug 1
Dow Jones futures fall due to US tariff concerns, US NFP eyed
Dow Jones futures decline ahead of the US market opening on Friday, trading around 44,100, down by 0.46%, during European hours. Meanwhile, S&P 500 futures are down by 0.41% to near 6,350, and Nasdaq 100 futures decline 0.46% to trade near 23,250.Fxstreet
Fri, Aug 1
GLOBAL ECONOMY-Asia's factory activity worsens as US trade uncertainty bites
China factory activity shrinks in July, S&P PMI showsJapan, South Korea also saw activity deteriorateJapan, South Korea surveys taken before trade deals with U.S.India's factory activity expands but business confidence fallsSurveys highlight challenge as Trump upends global free tradeBy Leik...Reuters
Fri, Aug 1
