News
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Chile central bank lowers interest rate to 4.75%
SANTIAGO, July 29 (Reuters) - Chile's central bank on Tuesday lowered its benchmark interest rate to 4.75% in a unanimous vote, in line with market expectations.The decision comes after four consecutive rate holds and as the monetary authority said the external scenario continues to be marked by...Reuters
Tue, Jul 29
TREASURIES-Prices rally after strong US 7-year note auction, ahead of Fed decision
Yields drop after weak job openings reportFed expected to maintain current interest ratesTreasury likely to maintain current auction sizesUS 10-year, 30-year yields fall to multi-week lowsStrong seven-year note auction pushes yields lowerBy Gertrude Chavez-Dreyfuss NEW YORK, July 29 (Reuters) - ...Reuters
Tue, Jul 29
Trump says Russia faces tariffs in 10 days if no progress on ending Ukraine war
Trump shortens deadline for Russian action on UkraineTrump not worried about Russian sanctions' impact on oil marketBessent says he warned China on Russian oil purchasesBy Nandita Bose and Andrea ShalalJuly 29 (Reuters) - U.S. President Donald Trump said on Tuesday that the United States would s...Reuters
Tue, Jul 29
US goods trade deficit shrinks in likely boost to second-quarter GDP
WASHINGTON, July 29 (Reuters) - The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.Reuters
Tue, Jul 29
Trump says Russia will face sanctions in 10 days if it does not move to end Ukraine war
July 29 (Reuters) - U.S. President Donald Trump said he would start imposing tariffs and other measures on Russia "ten days from today" if Moscow did not make progress toward ending the war in Ukraine.Trump, who first announced on Monday that he was shortening his initial 50-day deadline fo...Reuters
Tue, Jul 29
US travel bookings rebound for August, boosting companies' revenue outlook
Wyndham and Southwest await full domestic demand recoveryUnited and Hilton note improvement in business bookingsJetBlue cautious, not reinstating full-year revenue forecastRoyal Caribbean reports rise in last-minute bookings, onboard spendingBy Doyinsola Oladipo NEW YORK, July 29 - U.S. travel co...Reuters
Tue, Jul 29
For first time in decades, Cuba's private sector outweighs state
By Alien FernandezHAVANA, July 29 (Reuters) - Cuba's private sector is accounting for more retail sales by value on the Communist-run island than the state for the first time since the years following Fidel Castro's 1959 revolution, new government data shows.Preliminary figures from the Nati...Reuters
Tue, Jul 29
L'Oreal to push for tariff exemption as US market improves
L'Oreal posts Q2 sales growth below forecastsLobbying to find better solution to US tariffsCould raise prices, move production to deal with dutiesUS market improving, not much recovery in China, CEO saysBy Dominique PattonPARIS, July 29 (Reuters) - L'Oreal warned on Tuesday t...Reuters
Tue, Jul 29
IMF nudges up 2025 growth forecast but says tariff risks still dog outlook
Effective US tariff rate is 17.3%, IMF saysGlobal growth projected at 3% in 2025 vs 2.8% forecast in AprilGrowth to drop by 0.2 percentage point if maximum US tariffs imposedBy Andrea Shalal July 29 (Reuters) - The International Monetary Fund on Tuesday raised its global growth forecasts for 2025...Reuters
Tue, Jul 29
Morocco's first half trade deficit expands by 18.4%
RABAT, July 29 (Reuters) - Morocco's annual trade deficit widened by 18.4% to 162 billion dirhams ($17.8 billion) in the first six months of this year, the foreign exchange regulator said on Tuesday.Imports were up 8.9% from a year earlier to 398 billion dirhams, outweighing exports at 236 billi...Reuters
Tue, Jul 29
Kering's quarterly sales weaker than expected, Gucci down 25%
Second-quarter sales down 15% vs forecast 13% dropKering's brands to raise prices to respond to tariffs, CFO says Price hikes could come in the autumn Company reduced net debt by one billion euros in H1 By Mimosa Spencer and Tassilo Hummel PARIS, July 29 (Reuters) - Gucci owner Kering PRTP.PA...Reuters
Tue, Jul 29
BREAKINGVIEWS-Rickety bottom rung of US labor market is ominous
By Gabriel RubinWASHINGTON, July 29 (Reuters Breakingviews) - The U.S. labor market has persevered through an inflation spike, high interest rates, and the beginning of a trade war, but workers on the bottom rung are starting to lose their grip. This year, wage growth for the bottom quartile of earn...Reuters
Tue, Jul 29
U.S. Job Openings Dip in June — Labor Market Shows Signs of Moderate Cooling
TradingKey - U.S. job openings declined in June after two consecutive months of increases, signaling a gradual cooldown in the labor market. According to the JOLTS report released Tuesday by the U.S. Bureau of Labor Statistics, the number of open jobs fell to 7.44 million in JuneTradingKey
Tue, Jul 29
TREASURIES-US yields fall ahead of Fed decision, refunding
Yields drop after weak job openings reportFed expected to maintain current interest ratesTreasury likely to maintain current auction sizesBy Gertrude Chavez-Dreyfuss NEW YORK, July 29 (Reuters) - U.S. Treasury yields slid across the board on Tuesday, reversing their rise in the previous session, ...Reuters
Tue, Jul 29
ANALYSIS-The most precarious job in America's boardrooms: CEO
CEO turnover rate at S&P 500 companies hits fastest pace since 2005Activist investors increasingly influence CEO changes and company strategiesBoards show less tolerance for CEO misconduct post-#MeToo eraBy Svea Herbst-Bayliss and Isla Binnie NEW YORK, July 29 (Reuters) - U.S. companies are r...Reuters
Tue, Jul 29
IMF nudges up 2025 growth forecast but says tariff risks still dog outlook
Effective US tariff rate is 17.3%, IMF saysGlobal growth projected at 3% in 2025 vs 2.8% forecast in AprilGrowth would drop by 0.2 percentage point if maximum US tariffs imposedBy Andrea Shalal July 29 (Reuters) - The IMF on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, c...Reuters
Tue, Jul 29
Gold selling exhaustion nears as CTA pressure fades – TDS
Gold is showing signs of selling exhaustion, with CTA selling pressure largely behind and discretionary shorts nearing saturation. With key downside triggers well below current levels, positioning points to a potential rebound in the days ahead, TDS' Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Tue, Jul 29
