News
Important Only
Descartes confirms new credit and political risk offering
By Henry GaleJuly 10 - (The Insurer) - Parametric insurance specialist Descartes Underwriting has confirmed its entry into the credit and political risk insurance market, describing it as a "major diversification" for its full-stack insurer.The new product covers political risks affecting fo...Reuters
Thu, Jul 10
EC President von der Leyen: Working non-stop to find an initial agreement with the US
European Commission President Ursula von der Leyen said on Thursday, “we are working non-stop to find an initial agreement with the US to keep tariffs as low as possible and to provide the stability that businesses need."Fxstreet
Thu, Jul 10
RPT-Car import quotas, export credits on table for EU-US trade talks, sources say
EU seeking US trade deal ahead of August 1 deadlineUS-EU talks moving fast, officials and industry sources sayEasing of US car tariffs essential for a deal, EU diplomat saysUS imposed 25% import tariff on cars in AprilBy Christoph Steitz, Julia Payne and David Lawder FRANKFURT/BRUSSELS/WASHINGTON...Reuters
Thu, Jul 10
Philippines concerned over higher U.S. tariffs, will continue to negotiate, minister says
MANILA, July 10 (Reuters) - The Philippines is concerned about the United States' decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday.Reuters
Thu, Jul 10
German inflation confirmed at 2.0% in June
BERLIN, July 10 (Reuters) - German inflation eased to 2.0% in June, the federal statistics office said on Thursday, confirming preliminary data.German consumer prices, harmonised to compare with other European Union countries, had risen by 2.1% year-on-year in May.Reuters
Thu, Jul 10
Singapore trade minister to discuss pharma tariff concessions during US trip in July
By Jun Yuan Yong SINGAPORE, July 10 (Reuters) - Singapore trade minister Gan Kim Yong will visit the United States later this month to discuss tariff concessions for the country's pharmaceutical exports, he said on Thursday, part of efforts to limit the economic impact of the trade war. Sin...Reuters
Thu, Jul 10
South Korea signals near-term rate cut, warns of 'significant' uncertainty from US tariffs
Bank of Korea holds rates steady, as expectedMost board members open to rate cut in near term Governor cites uncertainty over U.S. trade talksEconomists expect at least one more rate cut in H2By Jihoon Lee and Joyce Lee SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates...Reuters
Thu, Jul 10
Japan's Akazawa: Dollar's status as global reserve currency remains solid
Japan's top trade negotiator, Ryosei Akazawa, said on Thursday that the US Dollar's (USD) status as global reserve currency remains solid. Akazawa added that Japan is unlikely to face US demands to prop up Japanese Yen as the USD is more susceptible to selling.Fxstreet
Thu, Jul 10
US President Donald Trump sets 50% tariffs on copper, effective August 1 - Reuters
US President Donald Trump said Wednesday that the new 50% tariff on US copper imports, which he had announced the previous day, will take effect on August 1, per Reuters. The decision was made after he received a national security assessment.Fxstreet
Thu, Jul 10
Japan's wholesale inflation slows, relieves interest rate-hike pressure
June wholesale inflation hits 2.9%, matches forecastSlowdown due to falling fuel, metal product pricesFood prices continue to rise steadily on high rice costPrice pressure may moderate as U.S. tariff hit intensifiesBy Leika Kihara TOKYO, July 10 (Reuters) - Japan's annual wholesale inflation ...Reuters
Thu, Jul 10
WRAPUP 5-Trump sets 50% US tariffs on copper, Brazilian imports starting in August
Trump raises Brazil's August 1 tariffs to 50% from 10%Trump sets 50% copper tariff to start August 1Trump sends tariff letters to Philippines, Iraq, Sri Lanka, others EU and US nearing trade agreement, says EU trade chief SefcovicEU seeks protections for auto industry in complex talksBy David La...Reuters
Thu, Jul 10
Bank of Korea holds interest rates steady, as expected
SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates steady on Thursday, in line with expectations, as it steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.S. tariffs. The Bank of Korea'...Reuters
Thu, Jul 10
