News
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Canada March retail sales rise 0.8%; seen up 0.5% in April
OTTAWA, May 23 (Reuters) - Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. The largest increase was the 4.8% gain posted by motor vehicle and parts dealers, t...Reuters
Fri, May 23
Goolsbee: Businesses craving consistency in whipsaw tariff environment - CNBC
WASHINGTON, May 23 (Reuters) - U.S. firms want consistency in trade policy before making big investment or other decisions, with President Donald Trump's new threat of 50% tariffs on European Union imports a "scary" proposition for supply chains, Chicago Fed President Austan Goolsbee sai...Reuters
Fri, May 23
Bund yields drop, markets boost bets on ECB rate cuts after Trump's EU tariff plan
By Stefano Rebaudo May 23 (Reuters) - Euro area government bond yields fell sharply and traders boosted bets on European Central Bank rate cuts on Friday after U.S. President Donald Trump said he was recommending a 50% tariff on goods from the European Union starting on June 1.Trump cranked up hi...Reuters
Fri, May 23
RPT-BREAKINGVIEWS-Banks extend problem loans into the unknown
By Stephen Gandel NEW YORK, May 22 (Reuters Breakingviews) - Economic ructions are lurking just below the surface at U.S. banks. The value of loans that lenders have modified - typically an indicator of borrower stress - has quadrupled in the past two years to $55 billion as of the end of the fir...Reuters
Fri, May 23
Morning News Call - Canada, May 23
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Retail sale...Reuters
Fri, May 23
USD: Even Nobel Prize winners can be wrong – Commerzbank
In his latest blog post, US economist Paul Krugman (winner of the 2008 Nobel Prize in Economics) shows one of my favorite graphs: the net international investment position (IIP) of the US, in other words, the net debt (when negative) of the US economy vis-à-vis the rest of the world.Fxstreet
Fri, May 23
Inflation figures in Japan: The dilemma is growing – Commerzbank
Markets had already doubted whether the Bank of Japan (BoJ) would raise its key interest rate again in July. Inflation figures for April published this morning are likely to increase the dilemma for the BoJ. After all, inflation remains above the BoJ's target, mainly due to energy and food prices.
Fxstreet
Fri, May 23
Pakistan to offer US firms concessions on mining investment in tariff talks, says minister
Pakistan to offer mining concessions to US firms to offset tariffsBudget to lower import tariffs in PakistanBy Ariba ShahidISLAMABAD, May 23 (Reuters) - Pakistan plans to offer concessions to U.S. companies to invest in its mining sector as part of negotiations with Washington over tariffs, its comm...Reuters
Fri, May 23
