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EU exports to US surge by 22.4% in February
April 23 (Reuters) - European Union exports to the United States increased by 22.4% in February compared to the previous year, Eurostat data showed on Wednesday, marking the highest exports growth rate in 13 months and totalling 51.8 billion euros.Meanwhile, imports from the U.S. rose by 2.4% year-o...Reuters
Wed, Apr 23
ECB's Nagel: World economy is in very delicate situation
In an interview with Bloomberg on Tuesday, European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel noted that the world economy is in a very delicate situation and said that they need to have a better understanding of how to find compromises on tariffs.
Fxstreet
Wed, Apr 23
US Dollar recovery attempt short-lived after Trump’s softening stance on China, Powell
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat near 99.20 at the time of writing on Wednesday after an earlier attempt to test the 100.00 big figure in early Asian trading.Fxstreet
Wed, Apr 23
World Bank cuts India's growth forecast amid global uncertainties
NEW DELHI, April 23 (Reuters) - The World Bank cut its economic growth forecast for India on Wednesday, citing increased uncertainty in the global economy that will dim prospects for most South Asian nations.The World Bank lowered its forecast for India by 0.4 percentage points to 6.3% for the fisca...Reuters
Wed, Apr 23
Portugal asks EU to activate fiscal leeway for defence spending
LISBON, April 23 (Reuters) - Portugal will ask the European Commission to activate the so-called fiscal escape clause to allow for higher defence spending worth up to 1.5% of gross domestic product, the finance ministry said on Wednesday, one of the first member states to do so.European countries ar...Reuters
Wed, Apr 23
European business growth stalls in April, PMIs show
By Jonathan Cable LONDON, April 23 (Reuters) - European business growth has stalled this month, surveys showed on Wednesday, with erratic U.S. trade policy appearing to take a heavy toll on sentiment - though not yet on output itself.Activity in the euro zone's and Britain's dominant serv...Reuters
Wed, Apr 23
Gold price falls further as Trump softens tone on Powell
Gold price (XAU/USD) is facing profit-taking pressure and nosedives on Wednesday towards $3,300 at the time of writing. The profit taking picked up on comments from United States (US) President Donald Trump, who did a 180-degree turn on his stance on China and the Federal Reserve (Fed).
Fxstreet
Wed, Apr 23
Strong Chinese demand helps Danone to beat sales forecasts
By Dominique VidalonPARIS, April 23 (Reuters) - Danone DANO.PA said it was confident about its prospects for 2025 after it beat first-quarter sales expectations on Wednesday, as strong demand in China for infant milk formula and medical nutrition products outpaced weakness in coffee creamers in a co...Reuters
Wed, Apr 23
European gas dips, but structural risks remain – ING
European natural gas prices plunged almost 4% yesterday as storage continues to build. Gas inventories stand at 37% full after bottoming out at less than 34% full in late March, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Apr 23
Kashmir killings shatter Modi's tourism success in troubled region
Suspected militants kill at least 26 touristsAttack prompts tourists to flee Kashmir in massAirlines deploy additional flights for returneesBusinesses report mass cancellations at start of peak seasonBy Fayaz Bukhari and Krishna N. Das SRINAGAR, April 23 (Reuters) - Images and videos of gunshots ...Reuters
Wed, Apr 23
UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows
By Andy BruceApril 23 (Reuters) - British companies buckled in April under the strain of an escalating global trade war that threatens to tip the economy into a new downturn, a survey showed on Wednesday.The S&P Global Composite Purchasing Managers' Index (PMI), a gauge of the private sector...Reuters
Wed, Apr 23
