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Trump blames Federal Reserve board on Powell, interest rates
WASHINGTON, July 18 (Reuters) - U.S. President Donald Trump on Friday blamed U.S. Federal Reserve officials as he reiterated his criticisms of Fed Chair Jerome Powell and again called for lower interest rates."And the Fed Board has done nothing to stop this 'numbskull' from hurting so ma...Reuters
Fri, Jul 18
3M lifts 2025 profit forecast on cost-cutting, margin expansion efforts
July 18 (Reuters) - Industrial giant 3M MMM.N on Friday raised its full-year profit forecast, as cost-cutting measures and efforts to focus on high-margin products are paying off. The industrial giant now expects a full-year adjusted profit between $7.75 and $8 per share, compared with $7.60 to $7.9...Reuters
Fri, Jul 18
Economists urge Chinese local govts to target consumption to drive growth
Economists suggest officials boost consumption, disposable incomeOld drivers of infrastructure, land sales face constraintsDeflation continues to weigh on economyBy Ellen Zhang and Kevin Yao BEIJING, July 18 (Reuters) - Chinese economists urged local governments to focus on consumption to support...Reuters
Fri, Jul 18
Tariff agreement with US will be 'asymmetrical,' says Germany's Merz
BERLIN, July 18 (Reuters) - Any tariff agreement between the United States and the European Union will be "asymmetrical," German Chancellor Friedrich Merz said on Friday."If the service sector were included, the trade balance between America and Europe would look very different - but the...Reuters
Fri, Jul 18
G20 finance chiefs approach consensus in South Africa despite US tariff tensions
DURBAN, July 18 (Reuters) - Finance chiefs of G20 countries expressed optimism for an agreement on a common position on trade and other global challenges on Friday despite U.S. President Donald Trump's tariffs which have overshadowed their meeting.The G20, which emerged as a forum for cooperatio...Reuters
Fri, Jul 18
Bank of Japan may offer less gloomy view of US tariff hit in report, sources say
BOJ to keep up warning on US tariff uncertainty in next quarterly reportData since previous report has shown resilience in economyBOJ may reflect recent signs of resilience in upcoming reportBOJ to keep interest rates steady at July 30-31 meetingBy Leika Kihara TOKYO, July 18 (Reuters) - The Bank...Reuters
Fri, Jul 18
Electrolux CEO: We Saw Positive Signs Towards End-Q2 Regarding Market In Europe
July 18 (Reuters) - Electrolux AB ELUXb.ST CEO to Reuters:ELECTROLUX CEO: WE ARE NOT SEEING PRE-BUY TENDENCIES IN NORTH AMERICA BECAUSE OF TARIFFSELECTROLUX CEO: WE SAW SOME POSITIVE SIGNS TOWARDS THE END OF Q2 REGARDING THE MARKET IN EUROPEFurther company coverage: [ELUXb.ST]Reuters
Fri, Jul 18
Taiwan says it will not provoke confrontation with China
Vice president says Taiwan not seeking conflict with ChinaShe criticises China's "aggressive" military posturing China views Taiwan as its own territoryBy Yimou Lee and Ben Blanchard TAIPEI, July 18 (Reuters) - Taiwan does not seek conflict with China and will not provoke confrontatio...Reuters
Fri, Jul 18
Reckitt sells Essential Home stake to Advent for $4.8 billion
Reckitt retains 30% stake in businessPlans $2.2 billion special dividend post-dealReckitt shares rise as much as 2% before paring gainsBy Yadarisa Shabong July 18 (Reuters) - Reckitt RKT.L has sold a majority stake in its Essential Home business to private equity firm Advent International in a de...Reuters
Fri, Jul 18
China moves to encourage foreign reinvestment as FDI slumps
BEIJING, July 18 (Reuters) - China has unveiled new measures to encourage overseas investors to reinvest their profits within the country, its latest efforts to reverse a decline in foreign direct investment.China has in recent months taken a series of measures to boost foreign investment, including...Reuters
Fri, Jul 18
Electrolux CEO: We Were Not Followed By All Of Our Competitors On Price Increases In North America
July 18 (Reuters) - Electrolux AB ELUXb.ST:ELECTROLUX CEO: MARKET IN EUROPE WAS ESPECIALLY DEPRESSED AND DIFFICULT IN SECOND QUARTERELECTROLUX CEO: MARKET IN EUROPE WAS ESPECIALLY DEPRESSED AND DIFFICULT IN SECOND QUARTERELECTROLUX CEO: WE WERE NOT FOLLOWED BY ALL OF OUR COMPETITORS ON PRICE INCREAS...Reuters
Fri, Jul 18
China expected to keep lending rates steady, focus turns to Politburo meet
SHANGHAI, July 18 (Reuters) - China is widely expected to leave its benchmark lending rates unchanged at a monthly fixing on Monday, a Reuters survey showed, as signs of economic resilience reduced the urgency for further monetary easing.The loan prime rate (LPR), normally charged to banks' best...Reuters
Fri, Jul 18
China says successful US trade talks make return to tariff war unnecessary
China, U.S. talks in Europe show tariff war unnecessary, commerce minister saysWang Wentao urges United States to act like a superpowerChina facing August 12 tariff deadlineBy Joe Cash BEIJING, July 18 (Reuters) - China wants to bring its trade ties with the U.S. back to a stable footing, its...Reuters
Fri, Jul 18
WTI advances to near $66.50 following attacks on Iraqi Oilfields
West Texas Intermediate (WTI) Oil price extends its gains for the second successive day, trading around $66.40 per barrel during the Asian hours on Friday. Crude Oil prices receive support from concerns over supply risks.
Fxstreet
Fri, Jul 18
US to impose 93.5% anti-dumping levy on China battery material - Bloomberg
The US Commerce Department said on Friday that it will impose preliminary anti-dumping duties on imports of Chinese graphite, which are a key component for electric vehicle batteries, after concluding that the materials had been unfairly subsidized, per Bloomberg.Fxstreet
Fri, Jul 18
Japan’s June CPI Eases — Markets Bet BOJ Will Keep Stimulus Alive
TradingKey - Japan’s core consumer price index (CPI), excluding fresh food, rose 3.3% year-over-year in June, down from 3.7% in May — signaling a moderation in inflationary pressure and offering the Bank of Japan (BOJ) more policy flexibility.TradingKey
Fri, Jul 18
US Dollar Index holds losses near 98.50 ahead of Michigan Consumer Sentiment
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains from the previous session and hovering around 98.50 during the Asian hours on Friday.Fxstreet
Fri, Jul 18
