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Judge dismisses US consumer watchdog lawsuit against Experian
By Christian Martinez Aug 7 (Reuters) - A lawsuit filed by the Consumer Financial Protection Bureau against credit rating giant Experian EXPN.L over credit report accuracy was dismissed on Wednesday, according to a court filing.The lawsuit, filed by the agency in January under the Biden administ...Reuters
Fri, Aug 8
Japan’s Akazawa sees US to repay accumulated taxes later
Japanese trade envoy Ryosei Akazawa said on Friday that the United States (US) has agreed to correct a presidential order on tariffs and refund any excess duties collected in error. Akazawa added that there was no disagreement between the US and Japan over reciprocal tariffs.Fxstreet
Fri, Aug 8
Myanmar signs deal with Washington lobbyists to rebuild US relations
Lobbying contract worth $3 million a yearDeal signed the day junta nominally transferred powerLobby group has been under FBI investigationBy David Brunnstrom WASHINGTON, Aug 7 (Reuters) - A Washington lobbying firm has signed an agreement worth $3 million a year with Myanmar's Ministry of Inf...Reuters
Fri, Aug 8
Proposed Fed governor Miran recommended tighter political control of the central bank he would join
Miran co-authored study recommending shorter Fed board termsProposal would allow president to fire board membersWould also put regional Feds under control of state governorsBy Howard SchneiderWASHINGTON, Aug 7 (Reuters) - Having railed against the "revolving door" between the executive branc...Reuters
Thu, Aug 7
Bank of Mexico, slowing pace of cuts, brings key rate to lowest in three years
Banxico cuts rate to 7.75%, lowest since mid-2022Deputy Governor Heath dissents, votes to hold rate at 8.0%Inflation mixed; core index above target at 4.23%By Brendan O'Boyle MEXICO CITY, Aug 7 (Reuters) - The Bank of Mexico cut its benchmark interest rate by 25 basis points on Thursday in a ...Reuters
Thu, Aug 7
TREASURIES-US Treasury yields higher after weak 30-yr bond auction
Labor market data shows rise in jobless claims, productivity exceeds estimatesBloomberg reports Waller favorite to replace Powell as Fed chairBostic still sees only one cut this yearBy Chuck Mikolajczak NEW YORK, Aug 7 (Reuters) - U.S. Treasury yields were modestly higher in a choppy session on T...Reuters
Thu, Aug 7
Bank of Mexico lowers key interest rate to 7.75%
MEXICO CITY, Aug 7 (Reuters) - The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, slowing its pace of monetary easing and bringing the rate to 7.75%, its lowest level in three years.The decision by the central bank's five-member governing board was not unanimo...Reuters
Thu, Aug 7
Zelenskiy discussed new lending program with IMF chief Georgieva
Zelenskiy discusses new financial aid with IMF's GeorgievaUkraine faces $19 billion budget shortfall next yearIMF programme update needed due to changing war conditions WASHINGTON, Aug 7 (Reuters) - Ukrainian President Volodymyr Zelenskiy said he discussed a new financial assistance programme...Reuters
Thu, Aug 7
Trump's higher tariffs hit major US trading partners, sparking defiance and concern
Higher tariffs likely to impact global supply chains and inflationSeveral major trading partners secure reduced tariff ratesTariffs increase US federal revenues, further sectoral duties possible Switzerland, South Africa, Brazil and India still seeking better termsIndia's Modi and Brazil's L...Reuters
Thu, Aug 7
Brazil auto exports to jump driven by Argentina; tariffs affect local sales
By Alberto AlerigiSAO PAULO, Aug 7 (Reuters) - Brazil's auto exports are set to grow much more than previously expected in 2025, automakers' association Anfavea said on Thursday, crediting strong demand from neighboring Argentina for the upward revision to its forecast.The higher exports sho...Reuters
Thu, Aug 7
US households expect higher longer-run inflation, New York Fed says
New York Fed says longer-run inflation expectations up in JulyHouseholds more upbeat about current, future financial situationAmericans' view on labor market mixed in July By Michael S. Derby Aug 7 (Reuters) - Americans' longer-term inflation outlook deteriorated in July even as household...Reuters
Thu, Aug 7
