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Effective U.S. tariff rate on Singapore goods at 7.8% currently, Singapore central bank says
SINGAPORE, July 30 (Reuters) - The effective U.S. tariff rate on Singapore's exports is currently at 7.8%, up from 6.8% in April, the Monetary Authority of Singapore said in a report on Wednesday.The central bank said the increase was due to the doubling of U.S. tariffs on steel and aluminium to...Reuters
Wed, Jul 30
COLUMN-Why explanations of market moves are so often wrong: Fridson
By Marty FridsonNEW YORK, July 30 (Reuters) - If you consider it good practice to consult more than one news source, you may have been confused by the reporting of the latest U.S. Consumer Price Index release. And the various interpretations of how that report affected stock prices might have truly ...Reuters
Wed, Jul 30
Euro zone yields stall ahead of GDP data, Fed decision
Euro zone yields steady ahead of Q2 dataFederal Reserve expected to leave US rates unchanged later on WednesdayEU-US trade deal, euro selloff in focusBy Amanda Cooper LONDON, July 30 (Reuters) - Euro zone government bond yields held steady on Wednesday, heading for their first weekly decline in a...Reuters
Wed, Jul 30
Trump says India deal not finalised, higher tariffs possible
Trump says India deal not finalised, warns of higher tariffs India risks U.S. tariff of 20-25% as deadline looms, sources say No fresh offers from India, targets wider trade deal Agriculture, dairy off limits; analysts warn of export hitBy Manoj Kumar NEW DELHI, July 29 (Reuters) - U.S. President...Reuters
Wed, Jul 30
German retail sales rise more than expected in June
July 30 (Reuters) - German retail sales rose more than expected in June, increasing by 1.0% compared with the previous month, data showed on Wednesday. Analysts polled by Reuters had predicted a 0.5% increase.The federal statistics office publishes more details on its website.Reuters
Wed, Jul 30
Taiwan trade delegation will continue tariff talks in US, sources say
TAIPEI, July 30 (Reuters) - A Taiwan trade delegation will continue talks with the United States on tariffs in Washington, four people familiar with the matter told Reuters on Wednesday. Goods sent from Taiwan to the U.S. were targeted for tariffs of 32% by U.S. President Donald Trump when...Reuters
Wed, Jul 30
US economic growth likely rebounded in Q2, but with weak underlying details
Gross domestic product forecast increasing at 2.4% rateSmaller trade deficit to account for rebound in GDPModerate growth in consumer spending anticipatedFinal sales to private domestic purchasers to underscore slowing economic activityBy Lucia Mutikani WASHINGTON, July 30 (Reuters) - U.S. econom...Reuters
Wed, Jul 30
Fed’s Biggest Split in 30 Years: Three Camps Battle Over Rate Cuts as Bond Bulls Lose Confidence in September Easing
TradingKey - The Federal Reserve’s July FOMC meeting concludes on July 30, with markets widely expecting no rate cut and a first rate cut in September. But deep internal divisions among Fed policymakers are making Treasury investors hesitant, prompting bond bulls to scale back bullish positionsTradingKey
Wed, Jul 30
PRESS DIGEST-British Business - July 30
July 30 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Bank of England Governor Andrew Bailey blocked British Chancellor Rachel Reeves' attempt to arrange a me...Reuters
Wed, Jul 30
Taiwan trade delegation will continue tariff talks in US, sources say
TAIPEI, July 30 (Reuters) - A Taiwan trade delegation will continue talks with the United States on tariffs in Washington, three people familiar with the matter told Reuters on Wednesday. Goods from Taiwan sent to the U.S. were due to be tariffed at 32%, until President Donald Trump paused the whole...Reuters
Wed, Jul 30
