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ECB's Holzmann says rate cuts must await more tariff certainty, CNBC reports
April 24 (Reuters) - European Central Bank policymaker Robert Holzmann said euro zone interest rates should be held until more clarity emerges on the path of U.S. tariffs and European Union countermeasures, CNBC reported on Thursday. There is "broad consensus" around lowering rates but some ...Reuters
Thu, Apr 24
China has scope to ramp up stimulus, fix property woes, IMF says
WASHINGTON, April 24 (Reuters) - China needs to do more to address its property-sector problems and has scope to provide more stimulus to boost consumption, Krishna Srinivasan, director of the International Monetary Fund's Asia and Pacific Department, said on Thursday."More needs to be done ...Reuters
Thu, Apr 24
US spirits exports rise 10% in 2024 amid tariff fears
By Ananya Mariam Rajesh April 24 (Reuters) - U.S. spirits exports rose 10% in 2024 to $2.4 billion, according to a report by Distilled Spirits Council of the United States (DISCUS), driven by a surge in supply to the European Union, the biggest export market.The rise last year came amid fears of ...Reuters
Thu, Apr 24
IMF hopes to agree soon on next program review with Sri Lanka, official says
WASHINGTON, April 24 (Reuters) - The International Monetary Fund hopes to have an agreement soon on the next review of its program with Sri Lanka, Krishna Srinivasan, the director of the global lender's Asia and Pacific Department, said on Thursday."The program with Sri Lanka has led to a si...Reuters
Thu, Apr 24
US existing home sales fall more than expected in March
WASHINGTON, April 24 (Reuters) - U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an economic slowdown because of tariffs sap demand.Home sales dropped 5.9% last month to a seasonally adjusted ann...Reuters
Thu, Apr 24
RPT-WRAPUP 2-Trump trade war spreads more gloom across businesses
Trump tariffs reshaping business strategies, roiling marketsPepsi, P&G, American Airlines and Thermo Fisher latest to cut full-year guidance Chipotle says Americans are eating out lessNestle, Unilever warn of softer US consumer confidenceHyundai has moved some production to USGermany cuts growth...Reuters
Thu, Apr 24
Turkey's proactive policy curbed risks, cenbank chief says
Lira and other assets saw selloff after Istanbul mayor's arrestCentral bank hiked rates last week, ending easing cycleKarahan cites improved policy transmission and contained re-dollarisation risksEconomic growth outlook uncertain due to global trade tensions, Karahan warns ANKARA/WASHINGTON,...Reuters
Thu, Apr 24
Median US CEO pay hits record $16.8 million on soaring stock awards
Median pay for top U.S. CEOs rose to record level in 2024Stock grants boosted CEO earnings beyond U.S. workers' payCEOs' pay decisions made well before recent market turmoilBy Ross KerberApril 24 (Reuters) - Median pay among top U.S. CEOs rose 7.5% to a record $16.8 million for 2024, a new s...Reuters
Thu, Apr 24
Mexico's inflation overshoots forecasts, but rate cuts expected to continue
April 24 (Reuters) - Mexico's annual headline inflation accelerated more than expected in the first half of April, but that should not prevent the central bank from continuing to cut interest rates as Latin America's second-largest economy shows signs of weakness. Consumer prices in Mexic...Reuters
Thu, Apr 24
US durable goods orders soar on aircraft bookings in March
WASHINGTON, April 24 (Reuters) - Orders for long-lasting U.S. manufactured goods surged in March on strong demand for commercial aircraft, but activity elsewhere was muted, likely as businesses exercised caution against the backdrop of a darkening economic outlook caused by tariffs. Orders f...Reuters
Thu, Apr 24
IMF will incorporate US concerns in its policies, Georgieva says
WASHINGTON, April 24 (Reuters) - The International Monetary Fund will incorporate concerns raised by U.S. Treasury Secretary Scott Bessent into its policies, IMF chief Kristalina Georgieva said on Thursday, saying the IMF was a membership organization and would do what its members wanted.Bessent on ...Reuters
Thu, Apr 24
US Durable Goods Orders rise by 9.2% in March vs. 2% expected
Durable Goods Orders in the US rose by 9.2%, or $26.6 billion, in March to $315.7 billion, the US Census Bureau reported on Thursday. This reading followed a 0.9% increase reported in February and surpassed the market expectation for an increase of 2% by a wide margin.Fxstreet
Thu, Apr 24
WRAPUP 2-Trump trade war spreads more gloom across businesses
Trump tariffs reshaping business strategies, roiling marketsPepsi, P&G, American Airlines and Thermo Fisher latest to cut full-year guidance Chipotle says Americans are eating out lessNestle, Unilever warn of softer US consumer confidenceHyundai has moved some production to USGermany cuts growth...Reuters
Thu, Apr 24
P&G CFO Says Impact From Tariffs On Sourcing From China Very Hard To Mitigate - media call
April 24 (Reuters) - Procter & Gamble Co PG.N:PROCTER & GAMBLE CFO SAYS TARIFFS OBVIOUSLY PUT PRESSURE ON OUR COST STRUCTURE; PREMATURE TO SPECULATE WHAT LEVEL OF PRICING WE WILL SEE - MEDIA CALLPROCTER & GAMBLE CFO SAYS SOME COMPONENTS AND RAW PACK MATERIALS SOURCED FROM CHINA, NOT AVA...Reuters
Thu, Apr 24
US weekly jobless claims increase moderately amid low layoffs
WASHINGTON, April 24 (Reuters) - The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting the labor market remains resilient despite darkening clouds over the economy caused by tariffs on imported goods. Initial claims for state unemployment ben...Reuters
Thu, Apr 24
