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IMF slightly raises India's growth forecast to 6.4%
July 29 (Reuters) - The International Monetary Fund (IMF) on Tuesday slightly upgraded its 2025 and 2026 economic growth forecasts for India, citing a more favourable global economic situation.The IMF revised its growth forecast for the South Asian country to 6.4% for both 2025 and 2026, up from the...Reuters
Tue, Jul 29
Cuban private sector overtakes state in retail sales value amid economic crisis
By Alien FernandezHAVANA, July 29 (Reuters) - Cuba's private sector accounted for most of the value of retail sales for the first time last year, new government data shows, a milestone for entrepreneurs in an economy otherwise grappling with a severe, years-long crisis.Preliminary figures from t...Reuters
Tue, Jul 29
IMF says will have to see how U.S. trade deals are unfolding
July 29 (Reuters) - The International Monetary Fund said it was carefully looking at the details of the trade agreements the United States has struck with Japan and the European Union in recent days to assess their economic impact. "We will have to see how things are unfolding," said Pierre-...Reuters
Tue, Jul 29
Candy giant Mars to invest $2 billion more in US manufacturing through 2026
July 29 (Reuters) - Candy and snacks giant Mars on Tuesday announced plans to invest $2 billion more in its U.S. operations through next year to bolster the company's ongoing efforts to expand manufacturing in the country.The Twix and MilkyWay chocolate maker has already invested more than $6 bi...Reuters
Tue, Jul 29
India braces for higher US tariffs, eyes broader trade deal, sources say
India risks U.S. tariff of 20-25% as deadline looms - sources 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) - India is preparing to face higher U.S. tariffs — likely between 20% and 25% — ...Reuters
Tue, Jul 29
TABLE-IMF nudges up global economic outlook
July 29 (Reuters) - The International Monetary Fund on Tuesday slightly upgraded its 2025 and 2026 economic outlook given stronger-than-expected purchases ahead of an August 1 jump in U.S. tariffs and a drop in the effective U.S. tariff rate to 17.3% from 24.4%. 2025 estimatesJuly vs prior esti...Reuters
Tue, Jul 29
Loss of central bank independence could lead to instability, IMF warns
IMF says weakening credibility could de-anchor inflation expectations in next crisisUS President Trump has repeatedly urged Fed to lower ratesTrump has called on Fed chair Powell to resignIMF greenlights foreign exchange interventions in certain casesBy Andrea Shalal July 29 (Reuters) - The Inter...Reuters
Tue, Jul 29
IMF edges 2025 growth forecast slightly higher, warns tariff risks still dog outlook
Effective US tariff rate is 17.3%, IMF saysGlobal growth projected at 3% in 2025 vs 2.8% forecast in AprilGrowth would drop by 0.2 percentage point if maximum US tariffs imposedBy Andrea Shalal July 29 (Reuters) - The IMF on Tuesday edged its global growth forecast slightly higher for 2025 and 20...Reuters
Tue, Jul 29
US goods trade deficit narrows sharply in June
WASHINGTON, July 29 (Reuters) - The U.S. trade deficit in goods contracted sharply in June amid a decline in imports, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.The goods trade gap narrowed 10.8% to ...Reuters
Tue, Jul 29
GBP flat and also attempting stabilization – Scotiabank
The Pound Sterling (GBP) is entering Tuesday’s NA session unchanged against the US Dollar (USD) as it also seeks to attempt stabilization following a recent pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Fxstreet
Tue, Jul 29
