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Trump's Fed battle raises risks of ever-higher yields for Japan
Trump fires Governor Cook amid push for more influence at FedRate cut bets despite high inflation lift 30-year Treasury yieldsAdds pressure on Japanese yields to breach new highsBy Kevin Buckland and Rocky Swift TOKYO, Aug 26 (Reuters) - Japanese government bond yields tested record highs on Tues...Reuters
Tue, Aug 26
Morgan Stanley joins global peers with September Fed rate cut outlook as Powell shifts tone
Aug 26 (Reuters) - Morgan Stanley has joined a growing bloc of global brokerages forecasting a September interest rate cut by the U.S. Federal Reserve, citing Chair Jerome Powell's shift in tone toward labor market risks at the Jackson Hole symposium.In a note dated Monday, the brokerage said Po...Reuters
Tue, Aug 26
South Korean firms pledge $150 billion in US investments at summit
SEOUL, Aug 26 (Reuters) - South Korea touted a broad range of U.S. investment plans by its companies at Monday's summit between U.S. President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals.Reuters
Tue, Aug 26
Morgan Stanley expects US Fed to deliver September rate cut as Powell shifts tone
Aug 26 (Reuters) - Morgan Stanley expects the U.S. Federal Reserve to begin cutting interest rates in September, from its earlier view of the Fed staying on hold until March 2026, after Chair Jerome Powell signaled a shift in focus toward labor market risks in remarks at Jackson Hole.In a note dated...Reuters
Tue, Aug 26
Papa John's to re-enter India with plan for 650 pizza stores by 2035
By Praveen Paramasivam Aug 26 (Reuters) - U.S. pizza chain Papa John's International PZZA.O plans to return to India by October, said a master franchisee executive, aiming to open 650 stores over the next decade in a market where fast-food chains have been struggling to sustain sales growth.T...Reuters
Tue, Aug 26
Sri Lanka rolls the dice on casinos to power post-crisis tourism boom
President Dissanayake opens $1.2 bln City of Dreams resortTargets 3 mln tourist arrivals in 2025, up 50% from last yearTourism revenue seen rising to $5 bln from $3.7 bln in 2024New gambling law passed; critics flag weak oversightIndia, China key markets; both enjoy visa-free entryBy Uditha Jayasing...Reuters
Tue, Aug 26
Fed's Cook says Trump has no authority to fire her, will not resign
Aug 25 (Reuters) - Federal Reserve Governor Lisa Cook on Monday said President Donald Trump has no authority to fire her from the central bank, and she will not resign.Cook's statement followed a letter sent to her by Trump earlier saying he was removing her from the Fed effective immediately.&#...Reuters
Tue, Aug 26
RBA Minutes: Further rate cuts likely needed in coming year
The Reserve Bank of Australia (RBA) published the Minutes of its August monetary policy meeting on Tuesday, which showed that board members agreed that some further reduction in the cash rate is likely to be needed in the coming year.Fxstreet
Tue, Aug 26
TREASURIES-Short-end US yields fall after Trump fires Fed's Cook
SINGAPORE, Aug 26 (Reuters) - Short-end U.S. Treasury yields fell on Tuesday after President Donald Trump fired Federal Reserve governor Lisa Cook in an unprecedented move, fuelling bets her replacement would be a dovish one who would push for more rate cuts.Trump on Monday fired Cook over claims of...Reuters
Tue, Aug 26
US President Donald Trump threatens export curbs, tariffs in digital tax retaliation
US President Donald Trump threatened "subsequent additional tariffs" and export restrictions on advanced technology and semiconductors in retaliation for digital services taxes that hit American technology companies, Bloomberg reported on Tuesday.Fxstreet
Tue, Aug 26
Warming seas worsen Japan's price shock with $120 urchin rice bowls
Seas around Japan about 5C warmer, research showsFish, seafood catch hit by climate change, boosting pricesHousehold spending on food highest in 43 yearsClimate change on central bank's radar due to inflationary risks By Yuka Obayashi and Katya Golubkova RISHIRI, Japan, Aug 26 (Reuters) - As ...Reuters
Tue, Aug 26
TEXT-Full text of Trump's removal letter to Fed Governor Cook
WASHINGTON, Aug 25 (Reuters) - U.S. President Donald Trump on Monday took the unprecedented action of firing Lisa Cook, the first African-American woman to serve as a Federal Reserve governor, over claims of mortgage borrowing impropriety.Here is the full text of the Trump letter in which he announc...Reuters
Tue, Aug 26
