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RPT-BREAKINGVIEWS-US punitive tariffs put India in a corner
By Una Galani HONG KONG, Aug 7 (Reuters Breakingviews) - A worst-case scenario for India on U.S. tariffs is now the base case. New Delhi called Donald Trump's decision on Wednesday to double the levy on the South Asian nation's goods to 50% because of its Russian oil purchases "extrem...Reuters
Thu, Aug 7
QVC Group Q2 revenue falls 7% on lower shipments
OverviewQVC Group Q2 revenue decreases 7% in USD, 9% in constant currencyOperating loss of $2.3 bln due to $2.4 bln impairment chargeQVC International revenue up 3% in USD, down 3% in constant currencyOutlookCompany diversifying sourcing to mitigate tariff uncertaintyCompany expanding social and str...Reuters
Thu, Aug 7
Disputes Emerge Over U.S.-Japan Trade Deal as Tokyo Slams “Last-Minute Add-Ons,” Trump Responds Firmly
TradingKey – Two weeks after the U.S. and Japan reached a trade agreement, disputes over key details have surfaced. On August 7, Japan’s chief negotiator Ryo Akazawa stated that the U.S. intends to impose a 15% tariff on Japanese goods in addition to existing dutiesTradingKey
Thu, Aug 7
MXN: Base effect in the headline rate, interest rate cuts likely to slow down – Commerzbank
Last week, Mexico once again reaped the benefits of the strong relationship between its president and the US president, resulting in a further 90-day postponement of higher reciprocal tariffs.
Fxstreet
Thu, Aug 7
USD/CNH: Expected to consolidate in a range of 7.1780/7.1980 – UOB Group
US Dollar (USD) is expected to consolidate in a range of 7.1780/7.1980. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 7
RUB: Fundamentals turning weaker – Commerzbank
While US intermediation to end Russia’s war with Ukraine have kept hitting a dead end, there is a noticeable downturn taking hold in the Russian economy for the first time since sanctions were imposed, Commerzbank's FX analyst Tatha Ghose notes.Fxstreet
Thu, Aug 7
EXCLUSIVE-Angola gets back $200 million collateral from JPMorgan after bond rebound
Refund was executed after a recovery in collateral bond priceJPMorgan invoked $200 million margin call in early April The drop in price of bond was sparked by U.S. tariffs turmoilBy Miguel Gomes and Duncan Miriri LUANDA, Aug 7 (Reuters) - Angola got back $200 million of collateral in May that it ...Reuters
Thu, Aug 7
