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Germany faces third possible year of contraction amid US tariffs, analysts say
By Maria Martinez BERLIN, April 7 (Reuters) - The tariffs announced by the United States will deal a major blow to the German economy, delaying a recovery and possibly putting Europe's biggest economy on track for a third year of recession for the first time in history, analysts said. Germany...Reuters
Mon, Apr 7
Kenya thinks it can win from U.S. tariffs, but global recession risk looms
Kenya says tariffs differential with competitors a boostGlobal recession fears could hurt overall trade Kenya's high business costs also dampen prospectsBy Duncan Miriri NAIROBI, April 7 (Reuters) - Kenya is among those exporters hoping a smaller Trump tariff blow vis-a-vis competitors might ...Reuters
Mon, Apr 7
Bank of Israel keeps interest rates steady after Gaza conflict resumes
JERUSALEM, April 7 (Reuters) - The Bank of Israel left short-term interest rates unchanged for a 10th straight meeting on Monday, staying cautious as the conflict between Israel and Palestinian Islamist group Hamas in Gaza has resumed after a brief pause in the fighting.The central bank left its ben...Reuters
Mon, Apr 7
Chile central bank says keeping rate unchanged was only option amid global uncertainty, minutes show
SANTIAGO, April 7 (Reuters) - Chile's central bank said on Monday that the only plausible option at its March meeting was keeping the benchmark interest rate on hold at 5% due to risks facing the inflationary outlook.The meeting minutes said that global economic uncertainty has greatly increased...Reuters
Mon, Apr 7
WH Economic Adviser Hasset: Trump will listen to trading partners if they offer really great deals
In an interview with Fox News on Monday, Kevin Hassett, Director of the US National Economic Council (NEC), said that US President Donald Trump is doubling down on something he knows works and added that Trump will listen to trading partners if they offer "really great deals," per Reuters.Fxstreet
Mon, Apr 7
RPT-BREAKINGVIEWS-Vietnam faces some very dark days ahead
By Una Galani HONG KONG, April 7 (Reuters Breakingviews) - Within days of launching a global trade war, Donald Trump boasted his counterpart in Vietnam was ready to reduce tariffs to zero. But if officials from Hanoi visiting the United States this week are unable to secure a delay or substantial...Reuters
Mon, Apr 7
France signs deals to help Egypt's economy in volatile regional climate
PARIS, April 7 (Reuters) - France and Egypt signed strategic partnership agreements on Monday, in areas covering health, transport and energy, which French President Emmanuel Macron said would help shore up Egypt's stability amid volatility in the region."Egypt is a strategic partner for our...Reuters
Mon, Apr 7
Consequences for the USD exchange rates are reversed – Commerzbank
A reasonably normal tariff policy would cause the dollar to appreciate. Why? Because US consumers would prefer to consume US goods instead of imported goods, and US companies would prefer to install US machinery. After all, no tariffs would have to be paid on that.Fxstreet
Mon, Apr 7
'Everything is so expensive': Bolivians tighten belts as new inflation reality bites
Bolivia faces economic crisis with steep inflation and fuel shortagesForeign currency reserves decline due to stalled energy production and exportsFamilies struggle with food inflation, cutting meals to cope with costsBy Monica Machicao LA PAZ, April 7 (Reuters) - In Bolivia's highland city L...Reuters
Mon, Apr 7
US Pres. Trump: Slow moving Fed should cut rates
"Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is no inflation, and the long time abused USA is bringing in billions of dollars a week from the abusing countries on tariffs that are already in place," US President Donald Trump posteFxstreet
Mon, Apr 7
JPMorgan CEO Dimon warns tariffs could slow US growth, fuel inflation
Dimon says tariffs can have lasting negative consequencesTariffs could weigh on economic confidence, investments, he says"The quicker this issue is resolved, the better," Dimon writes in annual letterTariffs could derail prospects for US soft landing, he saysBy Nupur Anand NEW YORK, April...Reuters
Mon, Apr 7
BOJ says uncertainty for Japan economy growing as Trump tariffs rock markets
BOJ keeps economic assessment steady for all 9 regionsSome firms worried of US tariff impact on profits, BOJ saysBOJ paints rosy view on domestic wage, inflation outlookTrump-induced uncertainty casts shadow over BOJ's rate-hike pathGovt to compile extra budget to cushion blow, Kyodo saysBy Leik...Reuters
Mon, Apr 7
