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European car sales fall in January, petrol cars sharply decline
By Javi West Larrañaga Feb 24 (Reuters) - New car sales in Europe fell year-on-year in January for the first time since June, weighed by declines in major markets including Germany, France, Belgium and Poland, data from the European auto lobby ACEA showed on Tuesday.The downturn was sharpest in N...Reuters
Tue, Feb 24
Taiwan seeks US assurances tariff deal terms will not change
TAIPEI, Feb 24 (Reuters) - Taiwan will work with the U.S. to ensure the beneficial terms it has already agreed do not change despite ructions following the U.S. Supreme Court striking down President Donald Trump's emergency tariffs, Vice Premier Cheng Li-chiun said on Tuesday.Trump on Monday war...Reuters
Tue, Feb 24
Preferential US chip tariffs will not change, Taiwan says
TAIPEI, Feb 24 (Reuters) - Preferential tariff treatment for Taiwan's semiconductor exports already agreed with the U.S. will not change, Vice Premier Cheng Li-chiun said on Tuesday, after the Trump administration moved to enact new duties.But Taiwan's high trade surplus with the United Stat...Reuters
Tue, Feb 24
US President Donald Trump considers new national security tariffs after Supreme Court ruling — WSJ
US President Donald Trump's administration is considering new national security tariffs on a half-dozen industries after a Supreme Court decision last week that invalidated many of his second-term levies, the Wall Street Journal (WSJ) reported on Monday.Fxstreet
Mon, Feb 23
RBA's Plumb says will focus on quarterly CPI data for forecasting
Michael Plumb, the Head of Economic Analysis at the Reserve Bank of Australia (RBA), said on Monday that the central bank will continue to focus on quarterly Consumer Price Index (CPI) inflation data for forecasting.Fxstreet
Mon, Feb 23
India: Strong PMI supports INR despite underperformance – Commerzbank
Commerzbank analysts Charlie Lay and Moses Lim note that India’s February flash PMIs show continued expansion in both services and manufacturing, with robust domestic and external demand supporting hiring and confidence.Fxstreet
Mon, Feb 23
China: Lower US tariffs support trade flows – ABN AMRO
ABN AMRO economists Rogier Quaedvlieg, Arjen van Dijkhuizen and Bill Diviney note that China is a key beneficiary of the US Supreme Court ruling, as IEEPA-based reciprocal and fentanyl tariffs are scrapped and likely replaced by a lower 15% Section 122 rate.Fxstreet
Mon, Feb 23
USD/CNY: Gradual downside seen with tariff shifts – MUFG
Michael Wan at MUFG argues that changes in US tariff implementation and a weaker Dollar backdrop support a gradual move lower in USD/CNY. China is seen as a relative beneficiary versus some Asian exporters as effective tariffs on Chinese exports are expected to fall.
Fxstreet
Mon, Feb 23
US business equipment borrowings rise more than 30% in January, ELFA says
Feb 23 (Reuters) - U.S. companies borrowed 30.1% more to finance equipment purchases in January than a year earlier, reaching the highest dollar amount in the last two decades, the Equipment Leasing and Finance Association said on Monday.New loans, leases and lines of credit signed up by companies i...Reuters
Mon, Feb 23
New York Fed inflation measure heats up in December
NY Fed's Multivariate Core Trend inflation reading rises to 2.8% in DecemberFed officials expect inflation to retreat as impact of Trump tariffs lessensDallas Fed's Logan cautiously optimistic about inflation returning to 2% targetBy Michael S. Derby Feb 23 (Reuters) - The underlying leve...Reuters
Mon, Feb 23
