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India's Modi holds third call with Trump since tariff hike
White House confirms phone call took placeUS trade official visited New Delhi this weekTrump raised US tariffs on Indian imports to as much as 50% Dec 11 (Reuters) - Indian Prime Minister Narendra Modi said he spoke with U.S. President Donald Trump by phone on Thursday, as New Delhi seeks relief...Reuters
Fri, Dec 12
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
By Alessandro Parodi Dec 12 (Reuters) - Global EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in the United States set North America on track for its first year of decline since 2019, data showed.In Europe, registrati...Reuters
Fri, Dec 12
UK Christmas spending to rise 3.5% despite slow start, says PwC
Britons forecast to spend 24.6 bln stg in Christmas periodSpending was subdued in NovemberMild autumn/early winter unhelpful for fashion retailers LONDON, Dec 12 (Reuters) - Britons are set to spend 24.6 billion pounds ($32.9 billion) on presents and celebrations over the Christmas period this ye...Reuters
Fri, Dec 12
FACTBOX-Schedule for US economic data delayed by government shutdown
Dec 11 (Reuters) - The statistical agencies responsible for publishing data about the U.S. economy have begun updating release schedules following the reporting lapse that occurred during the federal government shutdown.Following are the latest release dates for data that was missed during the shutd...Reuters
Thu, Dec 11
Building materials firm Quanex's Q4 adjusted EPS beats estimates
OverviewBuilding products firm's fiscal Q4 net sales grew 44% yr/yr, beating analyst expectationsAdjusted EPS for fiscal Q4 beat analyst expectationsCompany repaid $75 mln in debt during fiscal 2025OutlookQuanex anticipates fiscal 2026 revenue and EBITDA to be flat compared to fiscal 2025Company...Reuters
Thu, Dec 11
EXCLUSIVE-Tesla US sales drop to nearly 4-year low in November despite launch of cheaper versions
Tesla's U.S. sales hit nearly 3-year low in NovemberStandard variants cannibalize Premium sales, says Cox's StreatyTesla's market share rises while EV sales slumpBy Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) - Tesla's TSLA.O U.S. sales dropped to a near four-year low in November,...Reuters
Thu, Dec 11
Trump thinks more should be done to lower interest rates, White House says
Trump meeting with candidates to replace Powell as Fed chiefLeavitt says Trump expects Powell's successor to cut rates Fed lowered rates by 25 basis points on WednesdayBy Andrea Shalal and Ryan Patrick Jones WASHINGTON, Dec 11 (Reuters) - President Donald Trump was happy to see the Federal Re...Reuters
Thu, Dec 11
FX Today: Markets ignored Fed, keptt selling the Greenback
The US Dollar attempted a recovery throughout the first half of Thursday, but resumed its decline following the release of worse-than-anticipated employment data. Initial Jobless Claims for the week ended December 6 unexpectedly rose to 236K, well above the previous 192K.Fxstreet
Thu, Dec 11
Trump thinks more should be done to lower interest rates, White House says
WASHINGTON, Dec 11 (Reuters) - President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week, but he wants to see the central bank lower interest rates even further, White House spokeswoman Karoline Leavitt told reporters on Thursday."I know there wa...Reuters
Thu, Dec 11
WRAPUP 2-US weekly jobless claims post largest increase in nearly 4-1/2 years amid seasonal volatility
Weekly jobless claims increase 44,000 to 236,000Claims data is volatile around this time of yearContinuing claims decrease 99,000 to 1.838 millionTrade deficit narrows 10.9% to $52.8 billionBy Lucia Mutikani WASHINGTON, Dec 11 (Reuters) - The number of Americans filing new applications for unempl...Reuters
Thu, Dec 11
TREASURIES-US yields fall for second day after Fed statement, data
Jobless claims rise, volatility attributed to seasonal factors10-yr yield on track for biggest two-day drop in two monthsMarkets pricing in 24.4% chance of January Fed cutBy Chuck Mikolajczak NEW YORK, Dec 11 (Reuters) - U.S. Treasury yields fell for a second straight session on Thursday as inves...Reuters
Thu, Dec 11
