News
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Fed hawks and doves: what US central bankers are saying
By Ann Saphir July 1 (Reuters) - President Donald Trump is deeply unhappy with the Federal Reserve after it again left its benchmark interest rate unchanged in the 4.25%-4.50% range at its June 17-18 meeting, and he is thinking about replacements for Fed Chair Jerome Powell some 10 months before ...Reuters
Tue, Jul 1
EV group urges US House to restore electric vehicle tax credits
July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrification Coalition said ...Reuters
Tue, Jul 1
WRAPUP 1-US job market surprises with increased openings in May
Job openings increase 374,000 to 7.769 millionHires decline 112,000 to 5.503 millionManufacturing remains subdued in JuneBy Lucia Mutikani WASHINGTON, July 1 (Reuters) - U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into ...Reuters
Tue, Jul 1
Mexico remittances dip 5% in May as US mulls tax
Remittances to Mexico dropped 4.6% in May on the yearDecline comes as US Congress mulls a 1% tax on cash remittancesOther Central American states have seen remittances riseBy Sarah Morland, Noe Torres and Emily Green MEXICO CITY, July 1 (Reuters) - Remittances sent to Mexico dropped 4.6% in May c...Reuters
Tue, Jul 1
Trading on protection against UK defaults jumped in Q1, says ISDA
By Nell Mackenzie LONDON, July 1 (Reuters) - Trading of derivatives contracts that provide investors with protection against UK company defaults jumped almost 50% in the first quarter of 2025 to more than $2 trillion, an International Swaps and Derivatives Association report showed on Tuesday.WHY...Reuters
Tue, Jul 1
Tesla sales in Portugal rise 7.3% in June, as total EV sales jump
July 1 (Reuters) - Tesla's TSLA.O new car sales in Portugal rose 7.3% in June from the same month in 2024 to 1,315 units, as overall new registrations of light electric vehicles rose about 19%, the country's automobile industry association ACAP said on Tuesday.In the first six months of the ...Reuters
Tue, Jul 1
France car registrations down 6.7% in June, Tesla sales drop 10%
PARIS, July 1 (Reuters) - New car registrations in France slid 6.7% in June from a year earlier to 169,504 vehicles, data from French car body PFA showed on Tuesday.Tesla TSLA.O sales fell 10.04% to 3,646 vehicles last month. Since the beginning of the year, Tesla's sales have slumped by 39.59% ...Reuters
Tue, Jul 1
Powell reiterates Fed will wait for more data before cutting rates
Powell says waiting on data is the prudent courseNo meeting, including July, is off the tablePowell applauded for comments on Fed independenceBy Francesco Canepa and Howard Schneider SINTRA, Portugal, July 1 (Reuters) - U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. centr...Reuters
Tue, Jul 1
Tesla's new car sales in Italy down 66% y/y in June
MILAN, July 1 (Reuters) - Tesla's TSLA.O new car registrations slumped for a second month in a row in Italy in June, posting a 66% year-on-year decline, data from the transport ministry showed on Tuesday.The U.S. electric vehicles maker sold 1,697 cars in Italy in June, as usual a relatively low...Reuters
Tue, Jul 1
Brazil sees strong market appetite for green blended finance auction
BRASILIA, July 1 (Reuters) - Brazil's Finance Minister said on Tuesday the government sees "strong" investor interest in a green blended finance auction focused on restoring degraded pastures, with results expected by the end of July.Announced in April, the auction aims to attract privat...Reuters
Tue, Jul 1
TREASURIES-US yields rise after labor market data shows resilience
By Gertrude Chavez-Dreyfuss NEW YORK, July 1 (Reuters) - U.S. Treasury yields advanced on Tuesday after data showed the labor market remained resilient with the rise in job openings for May, confirming the Federal Reserve's stance of being patient on cutting interest rates. U.S. job openings ...Reuters
Tue, Jul 1
Russia launches accounts with withdrawal guarantees for foreign investors
MOSCOW, July 1 (Reuters) - Russia has launched a new type of investment account that contains withdrawal guarantees, according to a decree signed by President Vladimir Putin on Tuesday, as Moscow looks to attract foreign investors to the Russian stock market.Since sweeping international sanctions we...Reuters
Tue, Jul 1
Saudi Arabia raised crude exports in June, Kpler data shows
LONDON, July 1 (Reuters) - Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to overseas storage amid fears of possible supply disruptions owing to conflict in the Middle East.OPEC's biggest producer has intervened in oil mar...Reuters
Tue, Jul 1
Euro zone bond yields dip as inflation hits ECB target, central banks in focus
By Samuel Indyk LONDON, July 1 (Reuters) - Euro zone government bond yields fell slightly on Tuesday but remained within their recent range as inflation in the bloc returned to the European Central Bank's target level.Inflation in the 20 nations sharing the euro currency crept up to 2.0% in J...Reuters
Tue, Jul 1
Mexico remittances dip 5% in May as US mulls tax
MEXICO CITY, July 1 (Reuters) - Remittances sent to Mexico dropped 4.6% in May compared to a year earlier, according to central bank data published on Tuesday, as the United States prepares to implement a tax on the transfers sent by workers to their families back home.The figure for May hit some $5...Reuters
Tue, Jul 1
US construction spending falls again in May
WASHINGTON, July 1 (Reuters) - U.S. construction spending fell in May as higher mortgage rates and rising inventory weighed on single-family housing projects. The Commerce Department's Census Bureau said on Tuesday that construction spending dropped 0.3% after an upwardly revised 0.2% decline in...Reuters
Tue, Jul 1
Switzerland faces downside risks if full US tariffs bite, IMF says
By John Revill BERN, July 1 (Reuters) - The Swiss economy faces significant downside risks if the country is hit by the full force of looming U.S. tariffs, the International Monetary Fund said on Tuesday.The IMF expects the Swiss economy to grow by 1.3% this year, slightly up from the 1.2% foreca...Reuters
Tue, Jul 1
US job openings unexpectedly rise in May, hiring falls
WASHINGTON, July 1 (Reuters) - U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into lower gear amid uncertainty over the Trump administration's tariffs on imports, with a 90-day pause on higher reciprocal duties drawing to...Reuters
Tue, Jul 1
