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CORRECTED-Walmart hikes annual forecast as low price focus draws shoppers
By Savyata Mishra and Siddharth CavaleAug 21 (Reuters) - Walmart WMT.N on Thursday raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income levels, who have turned to the world's largest retailer as they worry about rising costs.The company's...Reuters
Thu, Aug 21
India passes bill to ban money-based online games, app shutdowns loom
India gaming ban stokes fears of job losses, investors worriedApps set to be shut the moment India's president signs billThriving gaming sector considers legal options, sources sayMinister says it's their duty to act against 'social evils'By Aditya Kalra and Aftab Ahmed BENGALURU,...Reuters
Thu, Aug 21
US, EU lock in trade deal; US official sees auto tariff relief in weeks
US to levy 15% tariff on most EU productsUS to lower car tariffs once EU introduces legislation to cut tariffs on US goodsTariff relief could come in weeks, US official saysBy Andrea Shalal and David Lawder WASHINGTON, Aug 21 (Reuters) - The United States and the European Union on Thursday locked...Reuters
Thu, Aug 21
USD: Powell’s balancing act at Jackson Hole – DBS
Going into Fed Chair Jerome Powell’s speech at Jackson Hole today, the USD is caught between the Fed’s caution and the White House’s push for lower interest rates. The July 30 FOMC Minutes showed most Fed officials viewing the tariff passthrough into inflation as the bigger risk than weak jobs.Fxstreet
Thu, Aug 21
UK firms report strongest activity in a year in August PMI survey
UK PMI shows stronger than expected growthService firms drive the rise, factories struggleSurvey suggests UK outperforming other European economiesSterling rises after data releaseCBI data also shows manufacturing in the doldrumsBy William Schomberg LONDON, Aug 21 (Reuters) - British businesses a...Reuters
Thu, Aug 21
Swiss July gold exports steady month on month
LONDON, Aug 21 (Reuters) - Gold exports from Switzerland were broadly steady month on month in July as higher deliveries to the United States and India offset lower supplies to Britain and China, Swiss customs data showed on Thursday.Switzerland is the world's biggest bullion refining and transi...Reuters
Thu, Aug 21
FACTBOX-How Fed Chair Powell has used Jackson Hole to signal what's next
Aug 21 (Reuters) - One last time since President Donald Trump nominated him to lead the U.S. central bank in late 2017, Federal Reserve Chair Jerome Powell on Friday will walk through the Jackson Lake Lodge's expansive lobby, past the taxidermied grizzly bear, and into a ballroom lighted with el...Reuters
Thu, Aug 21
Fed's expansive experiment in strategy to get a reboot at Jackson Hole
New framework expected on FridayPandemic inflation surge made 2020 approach obsoletePolicymakers searching for a more general approachBy Howard SchneiderJACKSON, Wyoming, Aug 21 (Reuters) - The U.S. Federal Reserve's pivot toward the labor market in 2020 will get a reboot on Friday when Fed Chai...Reuters
Thu, Aug 21
Euro zone business activity accelerates in August as new orders grow, PMI shows
Euro zone composite August PMI highest since May 2024Manufacturing sector expanded for first time in over three yearsInflation pressures intensifiedBy Jonathan Cable LONDON, Aug 21 (Reuters) - Euro zone businesses saw new orders increase in August for the first time since May 2024, helping overal...Reuters
Thu, Aug 21
The Riksbank leaves everything open – Commerzbank
As expected, the Riksbank left its policy rate unchanged at 2% on Wednesday. At the same time, it signaled the possibility of a further interest rate cut this year, which would be 'in line with the June forecast', Commerzbank's FX analyst Antje Praefcke notes.
Fxstreet
Thu, Aug 21
GBP/USD: Risk is still tilted to the downside – UOB Group
Price action remains soft, and the risk is still tilted to the downside; the major support is probably out of reach for now. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 21
UK firms report strongest activity in a year in August PMI survey
LONDON, Aug 21 (Reuters) - British businesses are having their strongest month in a year thanks to a rebound in the dominant services sector, according to a survey published on Thursday.The preliminary reading of the S&P Global UK Composite Purchasing Managers' Index (PMI) for August is like...Reuters
Thu, Aug 21
