News
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Spain risks derailing NATO summit by resisting 5% defence spending goal
NATO set to hold a summit next week Trump wants NATO states to spend at least 5% of GDP on defence Spanish PM says committing to 5% target is unreasonableSanchez facing pressure from allies at homeBy Inti Landauro, Aislinn Laing and David Latona MADRID, June 19 (Reuters) - Spain has asked to opt ...Reuters
Thu, Jun 19
WRAPUP 3-As war and tariffs fog the outlook, some central banks trim rates
SNB cuts to zero, puts negative rates in playBank of England stays on hold, sees downward pathEurope's ebb in inflation contrasts with US price pressureBy John Revill and Terje Solsvik ZURICH, June 19 (Reuters) - The Swiss and Norwegian central banks became the latest European rate-setters to...Reuters
Thu, Jun 19
Trump says interest rates should be '2.5 points lower'
WASHINGTON, June 19 (Reuters) - U.S. President Donald Trump on Thursday reiterated his calls for the Federal Reserve to cut interest rates, saying the rates should be 2.5 percentage points lower."Jerome Powell is costing our Country Hundreds of Billions of Dollars... We should be 2.5 Points lowe...Reuters
Thu, Jun 19
EU increasingly resigned to 10% baseline tariff in US trade talks, European sources say
EU and U.S. are seeking a trade deal by July 9Trump says EU has not yet offered a fair dealUS sees 10% baseline rate for reciprocal tariffs Baseline 10% rate a 'sticky issue', EU official saysBy Julia Payne and Jan Strupczewski BRUSSELS, June 19 (Reuters) - European officials are increasi...Reuters
Thu, Jun 19
Russia's flagship economic forum offers scant hope of foreign investment revival
Russia holds premier economic forum in St PetersburgForeign direct investment into Russia down 62.8% y/y in 2024Foreign holdings in Russia down around 50% since 2021Limited Western participation at forum ST PETERSBURG, Russia, June 19 (Reuters) - Foreign direct investment into Russia has fallen s...Reuters
Thu, Jun 19
Mexico's economy down 0.3% y/y in May, preliminary estimate shows
MEXICO CITY, June 19 (Reuters) - Mexico's economy likely contracted 0.3% in May from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Thursday.Compared with the previous month, activity was likely slightly up 0.1%, the agency added.Reuters
Thu, Jun 19
Norges Bank surprised markets with a rate cut to 4.25%
On Thursday, Norway's central bank (Norges Bank) surprised markets by announcing a 25 basis point reduction in its policy interest rate to 4.25%, signalling the expectation of further cuts due to a more favourable inflation outlook. The cut was the first one since 2020.
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Thu, Jun 19
Pace of US gold flows into Switzerland slows slightly in May, data shows
June 19 (Reuters) - Gold imports into Switzerland from the United States continued in May, following the exclusion of precious metals from U.S. import tariffs, but import volumes dipped slightly from April, Swiss customs data showed on Thursday.Between December and March, Switzerland, the world’s le...Reuters
Thu, Jun 19
Global investment decline may worsen due to tariffs, UN trade agency warns
By Olivia Le PoidevinGENEVA, June 19 (Reuters) - Global foreign direct investment fell for the second consecutive year in 2024, with fears this year could be even worse as trade tensions rock investor confidence, the United Nations agency for trade and development said in a report published on Thurs...Reuters
Thu, Jun 19
