News
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ECB's Villeroy: Trump’s trade policies will weaken financial stability and growth
European Central Bank member Francois Villeroy de Galhau said on Tuesday that US President Donald Trump’s trade tirades dampen economic growth, including for the US, and threaten to undermine financial stability, per Bloomberg.Fxstreet
Wed, Apr 23
Trump says he has no plans to fire Fed's Powell; market jumps
Trump's criticism of Fed rate policy remains pointedMarket reacts positively to Trump's de-escalationTrump says China tariffs will fall substantially after a dealBy Nandita Bose WASHINGTON, April 22 (Reuters) - President Donald Trump on Tuesday backed off from threats to fire Federal Rese...Reuters
Wed, Apr 23
Japan's factory activity shrinks on tariff woes, services perk up, PMI shows
TOKYO, April 23 (Reuters) - Japan's factory activity shrank for the tenth consecutive month in April as confidence among manufacturers dived to almost 5-year lows, dented by worries about U.S. President Donald Trump's tariff policies, a private-sector survey showed on Wednesday.On the bright...Reuters
Wed, Apr 23
Australia's Judo Bank Manufacturing PMI declines to 51.7 in April, Services PMI eases to 51.4
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) declined to 51.7 in April from 52.1 in March, the latest data published by Judo Bank and S&P Global showed on Wednesday.Fxstreet
Tue, Apr 22
Wealth management firm Altruist valued at nearly $2 billion in latest funding round
Total funding now at $601.5 millionFunding comes amid global M&A slowdown and market routCustodian for over 4,700 registered investment advisorsBy Ateev Bhandari April 22 (Reuters) - Altruist has raised $152 million in its latest funding round, led by Singapore's sovereign wealth fund GIC...Reuters
Tue, Apr 22
Fed's Kugler: Higher than expected tariffs likely to send prices higher
Federal Reserve Board Governor Adriana Kugler said late Tuesday that with US import tariffs significantly larger than expected and likely to put upward pressure on prices, the Fed ought to keep short-term borrowing costs unchanged until inflation risks recede, per Reuters.Fxstreet
Tue, Apr 22
WRAPUP 2-IMF slashes global outlook as White House says trade talks pick up pace
Trump says China tariffs will fall substantially after a dealTariffs to drag global growth to slowest since pandemicHundreds of finance officials court White House officialsProgress made in talks with Japan, IndiaU.S. companies see significant impact from tariffsBy Andrea Shalal, David Lawder and Nu...Reuters
Tue, Apr 22
Fed's Kugler, citing inflation risks, supports steady policy rate
Kugler says larger-than-expected tariffs will have bigger impacts on economySupports keeping policy rate on hold, citing upside inflation risksFinancial market volatility could affect future growth, Kugler warnsApril 22 (Reuters) - Federal Reserve Governor Adriana Kugler said on Tuesday that with U....Reuters
Tue, Apr 22
US auto industry warns new auto parts tariffs will hike prices, cut sales
By David Shepardson WASHINGTON, April 22 (Reuters) - A coalition of U.S. auto industry groups on Tuesday urged President Donald Trump not to impose 25% tariffs on imported auto parts, warning they would cut vehicle sales and raise prices.Trump said earlier he plans to impose tariffs of 25% on aut...Reuters
Tue, Apr 22
WRAPUP 1-IMF slashes global outlook as White House says trade talks pick up pace
Tariffs to drag global growth to slowest since pandemicHundreds of finance officials court Bessent, other White House officialsProgress made in talks with Japan, IndiaU.S. companies see significant impact from tariffsBy Andrea Shalal, David Lawder and Nupur Anand WASHINGTON, April 22 (Reuters) - ...Reuters
Tue, Apr 22
Fed's Kashkari says 'too soon to judge' interest rate path
Kashkari says Fed's independence 'foundational' to economic successRising Treasury yields, weak dollar may show global investors reassessing US investment, Kashkari warnsExtreme uncertainty holding back spending, investment, though it could resolve quickly: KashkariApril 22 (Reuters) - ...Reuters
Tue, Apr 22
US auto industry warns new auto parts tariffs will hike prices, cut sales
WASHINGTON, April 22 (Reuters) - A coalition of U.S. auto industry groups urged President Donald Trump not to impose 25% tariffs on imported auto parts warning they would cut vehicle sales and raise prices.Trump said earlier he plans to impose tariffs of 25% on auto parts no later than May 3."Ta...Reuters
Tue, Apr 22
