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US budget deficit forecast $1 trillion higher over next decade, watchdog says
WASHINGTON, Aug 20 (Reuters) - U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wednesday.Reuters
Wed, Aug 20
Japan's exports log biggest drop in 4 years as US tariff impacts intensify
TOKYO, Aug 20 (Reuters) - Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of U.S. tariffs intensified, raising concerns about the outlook for the export-reliant economy.Reuters
Wed, Aug 20
RBNZ’s Hawkesby: Next two meetings are live, no decisions have been made
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby explains the decision to reduce the Official Cash Rate (OCR) by 25 basis points (bps) to 3% at a press conference following the August monetary policy meeting on Wednesday.
Fxstreet
Wed, Aug 20
China July soybean arrivals from Brazil rise 13.9%, data shows
By Ella Cao and Lewis Jackson BEIJING, Aug 20 (Reuters) - China's soybean imports from Brazil rose 13.9% in July from a year earlier, customs data showed on Wednesday, while supplies from the United States fell 11.5%.The world's top soybean buyer imported 10.39 million metric tons of the ...Reuters
Wed, Aug 20
Trump again attacks Fed chair, says Powell 'hurting' the housing industry
Trump criticizes Powell ahead of Jackson Hole symposiumFed has held rates steady despite Trump's calls for cutsInvestors will watch Powell's speech Friday for any hints on next moves WASHINGTON, Aug 19 (Reuters) - President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Po...Reuters
Wed, Aug 20
White House says Russia-Ukraine meeting plans are underway following Trump meetings
White House press secretary Karoline Leavitt said that plans for a bilateral meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy are now underway, CNN reported on Tuesday.Fxstreet
Wed, Aug 20
Japan exports drop 2.6% year/year in July
TOKYO, Aug 20(Reuters) - Japanese exports dropped 2.6% year-on-year in July, down for a third straight month, data from the Ministry of Finance showed on Wednesday. The result compared with a 2.1% drop expected by economists in a Reuters poll. Imports decreased 7.5% in July from a year earlier, vers...Reuters
Tue, Aug 19
RPT-India plans to ban online games played with money, citing addiction risks
By Aftab Ahmed and Aditya Kalra NEW DELHI, Aug 19 (Reuters) - India's government plans to ban online games played with money, a proposed bill showed on Tuesday, in what would be a heavy blow for an industry that has attracted billions of dollars of foreign investment.Citing psychological and ...Reuters
Tue, Aug 19
Trump claims Powell 'hurting' the housing industry in latest attack on Fed chair
WASHINGTON, Aug 19 (Reuters) - U.S. President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and said he should cut interest rates.Trump has repeatedly urged Powell to cut interest rates while also sharply criticiz...Reuters
Tue, Aug 19
