News
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RPT-BREAKINGVIEWS-Fed chair nears second chance to channel his hero
By Gabriel Rubin WASHINGTON, April 10 (Reuters Breakingviews) - Jerome Powell’s impressive soft landing only leads to more hard choices. The Federal Reserve chairman’s feat leading an effort to tame runaway U.S. inflation, which dipped to 2.4% as of March, without inducing a recession is in jeopa...Reuters
Fri, Apr 11
EXCLUSIVE-Facing Trump tariffs, Vietnam eyes crackdown on some China trade
Vietnam hoping to get U.S. tariff reduced to 22-28% rangeVietnam officials prepare to clampdown on transhipment abusesWashington accuses Hanoi of helping China evade U.S. dutiesHanoi seeks stricter checks on dual-use exportsBy Francesco Guarascio HANOI, April 11 (Reuters) - In hope of avoiding pu...Reuters
Fri, Apr 11
Japan braces for talks on yen, BOJ in trade negotions with US
PM Ishiba appoints close aide Akazawa as Japan's negotiatorJapan, US to begin trade talks on April 17, NHK reportsJapan can discuss non-tariff barriers, FX Ruling coalition calls for sales tax cut, Yomiuri reportsIshiba may order compilation of extra budget next week, Kyodo saysBy Leika Kihara a...Reuters
Fri, Apr 11
Incumbent, leftist to face off in tight Ecuador race dominated by crime and job concerns
Ecuador presidential run-off is on SundayIncumbent Daniel Noboa faces leftist Luisa GonzalezRising drug violence is biggest issueGonzalez would be first woman elected president of EcuadorBy Alexandra Valencia QUITO, April 11 (Reuters) - Ecuadoreans will head to the polls on Sunday to cast ballots...Reuters
Fri, Apr 11
USDCAD collapses to fresh 2025 lows sub-1.3800
The US Dollar (USD) plummeted during European trading hours on Friday, on news indicating China announced additional tariffs on the United States (US). On Thursday, the White House confirmed tariffs on China of 145%, higher than the 125% previously estimated.
Fxstreet
Fri, Apr 11
BlackRock profit falls on declining fee income
April 11 (Reuters) - BlackRock BLK.N posted a drop in first-quarter profit on Friday as the world's largest asset manager took a hit from weakness in equity markets following uncertainty around U.S. tariffs. The company's net income came in at $1.51 billion, or $9.64 per share, for the three...Reuters
Fri, Apr 11
China: What will it take to achieve the growth target? – Standard Chartered
The current US tariff rate will drag China’s GDP growth lower by c.1.8ppt. Any further increases in tariffs are likely to have little impact on China’s growth. Another CNY 1.5-2.0tn of fiscal support is needed, supported by moderately loose monetary policy, Standard Chartered's economists report.Fxstreet
Fri, Apr 11
UK economy beats forecasts in February but Trump tariffs threaten future growth
February's month-on-month GDP growth of 0.5% beats all forecastsLittle reaction from sterling, UK braced for Trump tariff impactJanuary revised up from small contraction to zero growthUK trade deficit lowest since July 2021 as exports to US riseBy David Milliken and Suban AbdullaLONDON, April 11...Reuters
Fri, Apr 11
Tariffs to have 'catastrophic impact' on developing countries, worse than foreign aid cuts, says UN trade agency
GENEVA, April 11 (Reuters) - "Reciprocal tariffs" and countermeasures could have a catastrophic impact, even worse than foreign aid cuts, on developing countries, the director of the United Nation's trade agency told Reuters on Friday. Global trade could shrink by 3-7% and global GDP by ...Reuters
Fri, Apr 11
If talks with US do not work, EU ready to respond, German finmin says
BERLIN, April 11 (Reuters) - The United States must know that if negotiations with the European Union do not work, the bloc will be ready to respond, German Finance Minister Joerg Kukies said on Friday. "The U.S. side has to be aware that if negotiations do not work, then we will have another...Reuters
Fri, Apr 11
