News
Important Only
Trump imposes extra 25% tariff on Indian goods, ties hit new low
Additional US import tax takes effect in 21 days India calls move 'extremely unfortunate'Exporters warn of severe disruption to shipmentsNo Indian retaliation or top-level visit to US, source says By Andrea Shalal and Manoj Kumar WASHINGTON/NEW DELHI, Aug 6 (Reuters) - U.S. President Dona...Reuters
Thu, Aug 7
US President Trump says he could impose extra 25% tariff on China over Russia oil buys —Reuters
US President Donald Trump said that he could impose further tariffs on China similar to the 25% levies announced earlier on India over its purchases of Russian oil, depending on what happens, Reuters reported on Wednesday.Fxstreet
Wed, Aug 6
RPT-Japan ruling party heavyweight warns against BOJ rate hike
BOJ must be cautious about raising rates, LDP's Saito saysIshiba should step down so LDP can seek bigger coalitionSaito pushes back against opposition calls for sales tax cutBy Leika Kihara and Yoshifumi Takemoto TOKYO, Aug 6 (Reuters) - The Bank of Japan must be cautious about raising intere...Reuters
Wed, Aug 6
US President Donald Trump threatens 100% chips tariff, unless companies build in US - Bloomberg
US President Donald Trump said that he will impose a 100% tariff on imports that include semiconductors and chips, but not for companies that are building in the United States (US), Bloomberg reported on Wednesday.Fxstreet
Wed, Aug 6
CORRECTED-Large US banks say consumer finances are healthy despite tariffs
By Nupur Anand, Saeed Azhar and Tatiana Bautzer NEW YORK, July 15 (Reuters) - U.S. banking giants said consumers remained in good shape even after U.S. President Donald Trump's tariff policies roiled markets, but executives warned of potential weakness ahead."The consumer basically seems ...Reuters
Wed, Aug 6
Fed's Daly says Fed still has work to do on inflation
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late on Wednesday that despite overall progress, the Fed still has some ground to cover on its fight with inflation pressures, and cautioned that the Fed may be forced to act soon without having the full picture.Fxstreet
Wed, Aug 6
Miller Industries Q2 sales fall 42%, miss estimates
OverviewMiller Industries Q2 sales fall 42.4%, missing analyst expectationsCo revises 2025 revenue guidance to $750-$800 mln, suspends EPS guidanceOutlookMiller Industries revises 2025 revenue guidance to $750-$800 mlnCompany suspends EPS guidance due to potential extraordinary expensesCompany prior...Reuters
Wed, Aug 6
Fed will likely need to cut rates in coming months, Daly says
Aug 6 (Reuters) - Citing a slowing labor market and her assessment that tariffs pose only a short-term threat to inflation, San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she believes the U.S. central bank will need to cut interest rates soon. "Inflation, absent tariffs...Reuters
Wed, Aug 6
WRAPUP 1-Fed policymakers signal rising angst about cooling economy
Kashkari, citing growth slowdown, sees two rate cuts this yearDissenters also cited worries about job market slowdownLatest job-market data "concerning," Cook saysBy Howard Schneider and Michael S. DerbyWASHINGTON, Aug 6 (Reuters) - Less than a week after deciding against an interest-rate cu...Reuters
Wed, Aug 6
Switzerland facing 39% US tariff as president leaves Washington empty-handed
Swiss delegation engaged in last-minute talksUS wants Swiss to buy more arms, energy, says sourceUS officials rejected proposal for 10% tariff rateBy John Revill and Andrea Shalal WASHINGTON/ZURICH, Aug 6 (Reuters) - Swiss President Karin Keller-Sutter left Washington empty-handed on Wednesday af...Reuters
Wed, Aug 6
Fed's Cook says A.I. rollout not deterred by business uncertainty
By Michael S. DerbyNEW YORK, Aug 6 (Reuters) - Federal Reserve Governor Lisa Cook said on Wednesday that the uncertainty holding back investment is not having the same impact on the rollout of artificial intelligence technologies.“Certainly a lot of businesses report that they are frozen with respec...Reuters
Wed, Aug 6
Fed's Collins and Cook caution about the risks of policy uncertainty
Federal Reserve (Fed) Bank of Boston President Susan Collins and Fed Board of Governors member Lisa Cook participated in a virtual discussion on Wednesday, with both key policymakers cautioning that overarching uncertainty remains a key sticking point for Fed policy transmission, as well as the centFxstreet
Wed, Aug 6
Fed's Cook says tepid July jobs data merits concern
Aug 6 (Reuters) - Federal Reserve Governor Lisa Cook said on Wednesday that July hiring data released last Friday was “concerning” in the moderation of the pace of hiring.Cook, who was speaking at an event held by the Federal Reserve Bank of Boston, said big revisions like those seen in the July job...Reuters
Wed, Aug 6
India refiners wait for government order on Russian oil purchases, sources say
By Nidhi Verma NEW DELHI, Aug 6 (Reuters) - Indian refiners are awaiting government directions on whether to continue buying Russian oil after the United States decided to impose fresh 25% tariffs on Indian goods over New Delhi's energy ties with Russia, four industry sources said.The new dut...Reuters
Wed, Aug 6
