News
Important Only
Tariffs and conflict causing major volatility in shipping industry, says UN trade agency
By Olivia Le PoidevinGENEVA, Sept 24 (Reuters) - The shipping industry is experiencing major volatility amid rising geopolitical tensions and disruptions caused by a wave of new tariffs, according to a report published on Wednesday by the U.N. Trade and Development agency.Due to an increasingly comp...Reuters
Wed, Sep 24
Kremlin says Trump's Ukraine shift mistaken and swayed by Zelenskiy
Kremlin says Trump is wrong on army and economySays Russia's top diplomat will update U.S. on Wednesday Kyiv, not Moscow, is struggling on battlefield, Kremlin saysNationalists believe Trump is washing hands of Ukraine By Andrew Osborn and Dmitry Antonov MOSCOW, Sept 24 (Reuters) - The Kremli...Reuters
Wed, Sep 24
US new home sales surge in August
WASHINGTON, Sept 24 (Reuters) - Sales of new U.S. single-family homes surged in August, but the boost from declining mortgage rates could be limited by a weakening labor market. New home sales shot up 20.5% to a seasonally adjusted annualized rate of 800,000 units last month, the Commerce Dep...Reuters
Wed, Sep 24
Treasury's Bessent says he's looking for someone with an open mind for Fed chair
Bessent says surprised by strength of some candidatesSeeking candidates who are looking forward, Bessent saysJobs revisions show 'something wrong,' Treasury chief saysNot as concerned about recession, Bessent says By Andrea Shalal and Doina Chiacu WASHINGTON, Sept 24 (Reuters) - U.S. Trea...Reuters
Wed, Sep 24
Treasury's Bessent says he's looking for someone with an open mind for Fed chair
WASHINGTON, Sept 24 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he would interview a lot of candidates next week to replace Jerome Powell as chair of the Federal Reserve, with an eye to completing the first round of interviews by the first week of October.Bessent told Fox Bus...Reuters
Wed, Sep 24
Company finance chiefs say mood is lifting, but tariffs set to push prices higher, Fed survey shows
WASHINGTON, Sept 24 (Reuters) - U.S. corporate finance chiefs say the confusion around trade policy that put a damper on the first half of the year has begun to lift, but that price increases are still in the pipeline and may accelerate next year, according to the latest Fed survey of chief financiaReuters
Wed, Sep 24
Euro zone bond yields ease as German business sentiment, US yields slip
Sept 24 (Reuters) - Euro zone bond yields were modestly lower on Wednesday after data showed German business sentiment unexpectedly declined in September, while U.S. bond yields drifted lower too, as investors pondered the future outlook for policy rates. Germany's 10-year bond yield DE10YT=RR, ...Reuters
Wed, Sep 24
German home prices rise as depressed property sector seeks momentum
German home prices up 3.2% in Q2, third consecutive gainPrices still 9% below 2022 peak amid high interest ratesReal estate insolvencies rise 33%, refinancing costs a riskBy Tom Sims and John O'Donnell FRANKFURT, Sept 24 (Reuters) - Home prices in Germany rose 3.2% in the second quarter, ...Reuters
Wed, Sep 24
IMF staff to visit Kenya for talks on potential support programme
Sept 24 (Reuters) - International Monetary Fund staff will visit Kenya from September 25 to October 9 to begin talks with the government on a possible IMF-backed programme, the Fund said on Wednesday.The East African nation's $3.6 billion programme with the IMF expired in April and officials, in...Reuters
Wed, Sep 24
China expands Argentina soybean buying to 20 cargoes, traders say
China buys 20 Argentine soybean cargoes after tax dropMost cargoes set for shipment in key period dominated by U.S.Analysts expect increased purchases ahead of policy expiryBy Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Sept 24 (Reuters) - Chinese importers kept up a hectic pace of Argentine s...Reuters
Wed, Sep 24
Merz says auto, steel, chemical sectors must remain key industries in Germany
BERLIN, Sept 24 (Reuters) - German Chancellor Friedrich Merz said on Wednesday that the auto, steel and chemical sectors must remain key industries in the country.Merz, in a speech to parliament, added that concrete proposals to reform the pension system will be made this year.He also called for low...Reuters
Wed, Sep 24
Euro zone bonds track muted US Treasuries as Powell reiterates cautious path
Sept 24 (Reuters) - Euro zone bond yields were steady on Wednesday, tracking subdued U.S. counterparts after Federal Reserve Chair Jerome Powell reaffirmed a cautious approach on future rate decisions amid the twin risks of high inflation and a softer U.S. labour market.Reuters
Wed, Sep 24
ECB’s Cipollone: Risks to inflation are very balanced
European Central Bank (ECB) Executive Board member Piero Cipollone said that the central bank doesn’t see major threats to inflation in either direction, adding that interest rates are currently well positioned, Bloomberg reported on Wednesday.Fxstreet
Wed, Sep 24
