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Plane imports discussed as part of Swiss-US tariff impasse, airline says
Switzerland scrambling to lower 39% tariff burdenPlane purchases via Switzerland could cut U.S. deficit ZURICH, Aug 13 (Reuters) - Discussions on how to lower Switzerland's tariff burden with the United States have broached importing aeroplanes, Swiss International Air Lines LHAG.DE said on W...Reuters
Wed, Aug 13
China July bank loans unexpectedly contract for first time in 20 years
July yuan loans shrink, first contraction since July 2005July typically sees weaker credit expansion after June jumpTSF growth quickest since February 2024Credit data paints mixed picture as economy under pressureCentral bank may not rush to cut rates, reserve ratio-analystBy Kevin Yao and Ethan Wan...Reuters
Wed, Aug 13
US 30-year mortgage rate dropped last week, refi applications surged
By Ann Saphir Aug 13 (Reuters) - The interest rate for the most popular U.S. home loan dropped to 6.67% last week, the lowest rate since early April, triggering a rush of homeowners seeking to lock in cheaper financing on existing mortgages but doing relatively little to draw new homebuyers into ...Reuters
Wed, Aug 13
China July bank loans shrink 50 bln yuan, well below forecasts
BEIJING, Aug 13 (Reuters) - China's yuan loans contracted by 50 billion yuan ($6.97 billion) in July, falling well short of analysts' forecasts and plunging from 2.24 trillion yuan in June, according to Reuters calculations based on data released by the People's Bank of China. Analysts p...Reuters
Wed, Aug 13
US: Attacks on US institutions continue – Commerzbank
On Monday night, Donald Trump announced on social media that he would appoint the chief economist of the Heritage Foundation, a right-wing think tank, as the new head of the statistics agency, having dismissed the former head following the publication of weak labour market data just around a week anFxstreet
Wed, Aug 13
KFC India operator Devyani reports lower profit as ad spending rises
Aug 13 (Reuters) - Devyani International DEVY.NS, which operates Pizza Hut and KFC restaurants in India, reported a nearly 88% slump in first-quarter profit on Wednesday, as it ramped up advertising to whip up demand that has remained sluggish for months. The Yum Brands YUM.N franchisee reported a n...Reuters
Wed, Aug 13
Germany says US tariff agreement brings no sign of economic revival
BERLIN, Aug 13 (Reuters) - Germany's economy ministry said on Wednesday the European Union's tariff agreement with the United States brings no sign of a noticeable economic recovery, adding that export momentum in Europe's largest economy is expected to remain subdued."Companies'...Reuters
Wed, Aug 13
Trump Again Slams Powell, Hints at Legal Action
TradingKey - On Tuesday (U.S. Eastern Time), the U.S. released its July CPI data: headline inflation rose 2.7% year-over-year, slightly below expectations, while core CPI climbed to 3.1%. The mixed report reinforced market bets on a September rate cut.TradingKey
Wed, Aug 13
US July inflation: Headline a bit under, core a bit over expectations – UOB Group
Headline CPI was restrained by muted food inflation, weaker energy prices, but core CPI inflation picked up to the fastest pace year-to-date, driven by reaccelerating services costs but held back partly by subdued goods inflation, UOB Group's Senior Economist Alvin Liew notes.Fxstreet
Wed, Aug 13
July CPI: Inflation Story Changed But Not Over — Services Inflation Now More Problematic
TradingKey - While Trump administration officials have offered an optimistic interpretation of the relatively mild July CPI report, and capital markets have responded with record gains in risk assets, economists warn that the Federal Reserve’s battle against goods inflation is not fully over, andTradingKey
Wed, Aug 13
