News
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IMF sees Panama GDP up 4.5% this year in rebound from copper mine closure
Aug 25 (Reuters) - Panama's economy is expected to grow 4.5% this year as the impact fades from the closure in late 2023 of First Quantum Minerals' Cobre Panama copper mine, and non-mining sectors continue to grow, the International Monetary Fund's executive board said on Monday. "Th...Reuters
Mon, Aug 25
TREASURIES-US yields rise as traders gauge Fed policy, before auctions
Traders price in 84% odds of September Fed rate cutTreasury to sell 2-, 5-, and 7-year debt this weekTrading expected to be light before Labor Day holidayBy Karen Brettell Aug 25 (Reuters) - U.S. Treasury yields rose on Monday after Federal Reserve Chair Jerome Powell on Friday indicated that a S...Reuters
Mon, Aug 25
US new home sales fall in July; June sales revised higher
WASHINGTON, Aug 25 (Reuters) - Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month's sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates.New home sale units dropped 0.6...Reuters
Mon, Aug 25
US consumers with prime credit are starting to slip on payments
By Nupur Anand NEW YORK, Aug 25 (Reuters) - U.S. consumers with the highest credit scores are starting to fall behind in debt repayments, credit scoring company VantageScore said in a report published on Monday, in a sign that Americans' financial health may be deteriorating more broadly.Late...Reuters
Mon, Aug 25
Fitch keeps India rating, flags high debt, US tariff risks
Aug 25 (Reuters) - Credit-rating firm Fitch maintained India's sovereign rating at 'BBB-' on Monday, citing levels of fiscal deficits and debt that are still high, crushing the government's hopes for a lift in ratings by all three major providers.This month, S&P upgraded India to...Reuters
Mon, Aug 25
Fed Chair Powell pivots to cutting mode – ING
Chair Powell could have been super balanced, or even hawkish. But he effectively chose to endorse the market discount for a rate-cutting phase ahead. It's had quite the reaction. Risk assets are up, the dollar down, so's the front-end yield.Fxstreet
Mon, Aug 25
China screened 600 million for disease, keeping up COVID-era controls
BEIJING, Aug 25 (Reuters) - Chinese customs screened 600 million people at international ports for infectious diseases over the past five years, officials said on Monday, while pledging to refine containment protocols that became a hallmark of Beijing's zero-COVID policy. Customs officials detec...Reuters
Mon, Aug 25
Fitch Affirms India At 'BBB-'; Outlook Stable
Aug 25 (Reuters) - FITCH AFFIRMS INDIA AT 'BBB-'; OUTLOOK STABLEFITCH ON INDIA - FORECAST GDP GROWTH OF 6.5% IN FISCAL YEAR ENDING MARCH 2026 (FY26)FITCH - INDIA'S RATINGS ARE SUPPORTED BY ITS ROBUST GROWTH AND SOLID EXTERNAL FINANCESFITCH ON INDIA - US TARIFFS ARE A MODERATE DOWNSIDE RI...Reuters
Mon, Aug 25
Behind the Rate Cut Frenzy: Is the Market Misreading Powell’s “Precautionary” Signal?
TradingKey - Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium was widely interpreted as a clear signal that a September rate cut is all but certain, sending U.S. equities to new highs.TradingKey
Mon, Aug 25
EUR/GBP softens to near 0.8650 amid no progress on Russia-Ukraine peace deal
The EUR/GBP cross loses ground to around 0.8660 during the early European session on Monday. A slew of better-than-expected UK economic data provides some support to the Pound Sterling (GBP) against the Euro (EUR).
Fxstreet
Mon, Aug 25
India to tap Amazon, Flipkart data directly in inflation revamp, roll out services index
CPI revamp in 2026 to cut food weight, add digital servicesGovernment to use e-commerce, ride-hailing data for price trackingServices Production Index to launch mid-2026, quarterlyGDP base year shifting to 2022-23, release due Feb 2026By Shubham Batra NEW DELHI, Aug 25 (Reuters) - India will sta...Reuters
Mon, Aug 25
