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US trade chief Greer says wants US trade deficit on downward path
WASHINGTON, July 16 (Reuters) - U.S. Trade Representative Jamieson Greer said on Wednesday that his trade policy goal was to put the $1.2 trillion U.S. trade deficit on a downward path and to stem the loss of U.S. advanced manufacturing capacity.Greer, in remarks to a reindustrialization summit in D...Reuters
Wed, Jul 16
US crude stocks fall, gasoline and distillate inventories rise - EIA
CHICAGO, July 16 - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.9 million barrels to 422.2 million barrels in the week ended July11, the EIA said, compared with analysts' expec...Reuters
Wed, Jul 16
US manufacturing output edges up in June
WASHINGTON, July 15 (Reuters) - U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports.Manufacturing output ticked up 0.1% last month after an upwardly revised 0.3% increase in May, t...Reuters
Wed, Jul 16
Bahrain to announce $17 billion in US deals during Trump talks
By Steve Holland WASHINGTON, July 16 (Reuters) - Bahrain's crown prince is set to announce plans to invest more than $17 billion in the United States during a meeting with President Donald Trump on Wednesday, a White House official said.As part of the investment, Bahrain is expected to sign a...Reuters
Wed, Jul 16
US Industrial Production expands 0.3% in June vs. 0.1% expected
Industrial Production in the United States (US) expanded by 0.3% on a monthly basis in June, the data published by the Federal Reserve showed on Wednesday. This reading followed the 0.2% contraction recorded in May and came in better than the market expectation for an expansion of 0.1%.Fxstreet
Wed, Jul 16
Fed's Hammack makes no comment on monetary policy, economic outlook
By Michael S. DerbyNEW YORK, July 16 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack did not comment on the economic and monetary policy outlook in a speech Wednesday.In her prepared remarks to the Cuyahoga Community College Corporate College 20th Anniversary Celebration, the ba...Reuters
Wed, Jul 16
France cuts rate on popular Livret A savings accounts
PARIS, July 16 (Reuters) - France's finance ministry said on Wednesday it was cutting the regulated interest rate on popular, tax-free savings accounts known as Livret A to 1.7% from 2.4 from August 1.French savers had over 600 billion euros ($696.6 billion) in Livret A accounts and a similarly ...Reuters
Wed, Jul 16
TREASURIES-US yields extend fall after tepid producer prices data
NEW YORK, July 16 (Reuters) - U.S. Treasury yields extended their decline on Wednesday after data showed tame producer prices last month, suggesting that the Federal Reserve could likely begin to move toward cutting interest rates sooner rather than later.Headline U.S. producer prices were unchanged...Reuters
Wed, Jul 16
US producer prices unchanged in June
WASHINGTON, July 16 (Reuters) - U.S. producer prices were unexpectedly unchanged in June as an increase in the cost of goods because of tariffs on imports was offset by weakness in services. The unchanged reading in the producer price index for final demand last month followed an upwardly rev...Reuters
Wed, Jul 16
US annual PPI inflation softens to 2.3% in June vs. 2.5% expected
The Producer Price Index (PPI) for final demand in the US rose 2.3% on a yearly basis in June, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading followed the 2.6% increase recorded in May and came in below the market expectation of 2.5%.Fxstreet
Wed, Jul 16
CORRECTED-Canadian housing starts post surprise 0.4% rise in June
July 16 (Reuters) - Canadian housing starts posted a surprise increase in June, rising 0.4% from May, data from the national housing agency showed on Wednesday.The seasonally adjusted annualized rate of housing starts rose to 283,734 units from a revised 282,705 units in May, the Canadian Mortgage a...Reuters
Wed, Jul 16
Ukraine parliament backs $9.8 billion boost to defence spending as war drags on
By Olena Harmash KYIV, July 16 (Reuters) - Ukraine's parliament gave its initial approval on Wednesday to an extra $9.8 billion in budget spending for the army and defence this year as the war against Russia drags on with no end in sight.Parliament passed the budget amendments in the first re...Reuters
Wed, Jul 16
IMF says Egypt makes mixed reform progress, cites state dominance of economy
CAIRO, July 16 (Reuters) - Egypt's progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the fund said, citing the public sector's continued dominance of the economy as a problem.In its long-delayed staff report for the fourth review of...Reuters
Wed, Jul 16
