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A Swiss watch icon navigates Trump's tariff uncertainty
Swatch's US inventory helps with tariffs, CEO saysSwiss president should travel to US to resolve issue - CEOUS generated 18% of company's 2024 sales, analysts sayNew 39% tariff rate to be implemented from ThursdaySwiss government racing to defuse tariff threatBy John Revill ZURICH, Aug 4 ...Reuters
Mon, Aug 4
The jobs data revisions that cost a US government statistician her job
Aug 4 (Reuters) - The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large.Indeed, the combined downward revision f...Reuters
Mon, Aug 4
Asked about Trump firing, German minister says institutions must be independent
By Maria Martinez WASHINGTON, Aug 4 (Reuters) - State institutions should be independent and free from politics, German Finance Minister Lars Klingbeil said on Monday when asked about U.S. President Donald Trump's firing of the head of the Bureau of Labor Statistics."I consider this polit...Reuters
Mon, Aug 4
TREASURIES-US yields choppy in wake of Friday plunge
Weak payrolls report impacts Treasury yieldsUpcoming Treasury auctions to increase supplyFactory orders data matches expectationsBy Chuck Mikolajczak NEW YORK, Aug 4 (Reuters) - U.S. Treasury yields were choppy to start the trading week, alternating between modest gains and declines, after a shar...Reuters
Mon, Aug 4
US factory orders fall sharply in June on aircraft orders drop
Aug 4 (Reuters) - New orders for U.S.-manufactured goods fell in June as commercial aircraft orders plunged, reversing the surge in plane orders that had driven the overall upswing in orders in the prior month.Factory orders tumbled 4.8% after an upwardly revised 8.3% increase in May, the Commerce D...Reuters
Mon, Aug 4
Japan panel proposes 6% minimum wage hike to counter inflation woes
Proposal would raise average minimum wage to 1,118 yen per hourPM Ishiba aims to raise minimum wage to 1,500 yenPersistent inflation fuels public frustration with governmentBy Makiko Yamazaki TOKYO, Aug 4 (Reuters) - A Japanese Labour Ministry panel on Monday proposed a 6% increase in the nationa...Reuters
Mon, Aug 4
USD/CNH: Any decline might not be able to reach 7.1750 – UOB Group
US Dollar (USD) could edge lower against Chinese Yen (CNH), but any decline might not be able to reach 7.1750. 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
Mon, Aug 4
FACTBOX-Brokerages retain September rate cut bets after soft jobs report
August 4 (Reuters) - Wall Street brokerages retained their expectations for a September rate cut following a soft jobs report. Data on Friday showed nonfarm payrolls increased by 73,000 jobs last month after rising by a downwardly revised 14,000 in June. Economists polled by Reuters...Reuters
Mon, Aug 4
Brazil Economists See IPCA Inflation Index Reaching 5.07% In 2025 - Cenbank Poll
Aug 4 (Reuters) - Brazil central bank:BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 5.07% IN 2025 VERSUS 5.09% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.43% IN 2026 VERSUS 4.44% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SE...Reuters
Mon, Aug 4
Japanese Labour Ministry panel proposes record minimum wage hike, Nikkei reports
TOKYO, Aug 4 (Reuters) - A Japanese Labour Ministry panel has proposed a 6% increase in the national average minimum wage for this fiscal year, the biggest such jump since at least 2002, the Nikkei business newspaper reported on Monday.Achieving real wage growth has become a top policy priority forReuters
Mon, Aug 4
