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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
Tariff-Inflation Skeptics Win? Trump and “Allies” Celebrate July CPI, Mock Goldman CEO
TradingKey - After the U.S. Bureau of Labor Statistics released the July CPI report showing overall inflation below expectations, U.S. President Donald Trump declared that it is now proven fact that "tariffs do not cause inflation." Treasury Secretary Scott Bessent, newly nominated Fed governorTradingKey
Wed, Aug 13
German inflation confirmed at 1.8% in July
BERLIN, Aug 13 (Reuters) - German inflation eased to 1.8% in July, the federal statistics office said on Wednesday, confirming preliminary data.German consumer prices, harmonised to compare with other European Union countries, had risen by 2.0% year-on-year in June.Reuters
Wed, Aug 13
Nomura sees Fed rate cut in September as inflation cools
Aug 12 (Reuters) - Nomura expects the U.S. Federal Reserve to cut interest rates by 25 basis points in September, bringing forward its easing forecast, amid signs of milder U.S. inflation in July and early cracks in the labor market. The Consumer Price Index rose 0.2% last month, easing from a ...Reuters
Wed, Aug 13
Global investors flock to ex-US markets for better growth, valuations
By Patturaja MurugaboopathyAug 13 (Reuters) - Global ex-U.S. equity funds received their biggest inflows in more than four-and-a-half years in July, as investors redirected capital away from the United States on concerns over the economy, stretched stock values, and a weakening dollar. These funds ...Reuters
Wed, Aug 13
Nomura sees Fed cutting rates by 25bps in September as inflation cools
Aug 12 (Reuters) - Nomura now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing softer core PCE inflation and weakening labor market data. The brokerage sees further 25bp cuts in December and March 2026, aligning with the Fed's June dot pl...Reuters
Wed, Aug 13
China to hit Canadian canola with 75.8% tariffs—WSJ
Chinese authorities stated that they intend to impose a tariff of 75.8% on shipments of canola, effective Thursday, the Wall Street Journal reported on Wednesday. This move came after Canada imposed tariffs on Chinese EVs last year, escalating a trade conflict between Ottawa and Beijing.Fxstreet
Wed, Aug 13
