News
Important Only
TREASURIES-US yields plunge as Trump tariffs trigger flight to safe havens
Trump's tariffs stoke recession fears, impacting global marketsYields on U.S. Treasuries drop significantly amid economic concernsGauge of services sector hits nine-month lowBy Chuck Mikolajczak NEW YORK, April 3 (Reuters) - U.S. Treasury yields tumbled on Thursday, after U.S. President Donal...Reuters
Thu, Apr 3
Irish Q1 underlying tax take up 9% ahead of expected Trump hit
DUBLIN, April 3 (Reuters) - Ireland collected 9% more tax year-on-year in the first quarter excluding one-off proceeds from a ruling on Apple AAPL.O back taxes, growth that was once again propelled by booming corporate taxes, the finance ministry said on Thursday.Ireland has collected record levels ...Reuters
Thu, Apr 3
Spain unveils $15.7 billion plan to soften blow from US tariffs
Spanish leader condemns US tariff 'attack'Aid package to impacted sectors mixes direct aid with soft loansSanchez: Trade war an opportunity to modernise Spain's industryOlive oil growers welcome aid but want negotiation with U.S.By David Latona and Corina Pons MADRID, April 3 (Reuters...Reuters
Thu, Apr 3
Traders bet Fed will cut policy rate by a percentage point this year
April 3 (Reuters) - Traders are betting the Federal Reserve will cut interest rates four times this year, starting with a quarter-point cut in June, after the Trump administration announced new tariffs late Wednesday that were far bigger than most had expected, prompting economists to forecast a slo...Reuters
Thu, Apr 3
Fitch Says ‘Liberation Day’ Takes US Tariff Rate Back to Level Last Seen in 1909
April 3 (Reuters) - Fitch:FITCH: US GROWTH IN 2025 LIKELY TO BE SLOWER THAN 1.7% THAT WE HAD PROJECTED IN MARCH, GIVEN HIGHER-THAN-ANTICIPATED TARIFFSFITCH: TARIFF HIKES WILL RESULT IN HIGHER CONSUMER PRICES AND LOWER CORPORATE PROFITS IN USFITCH: SOME SOVEREIGNS WHERE LEVEL OF VALUE-ADDED IN EXPORT...Reuters
Thu, Apr 3
With tariff details in hand, Fed now has to weigh inflation risks against blow to growth
Tariff clarity arrives with a bang for Fed officialsTrump levies are a 'recession-producing turn,' economist saysRisk of both inflation and output slowdown blurs rate outlookBy Howard Schneider WASHINGTON, April 3 (Reuters) - U.S. Federal Reserve officials who've said they needed more...Reuters
Thu, Apr 3
Trump's tariff formula confounds the world, punishes the poor
Formula imposes some of the highest tariffs on poorest nationsTariff calculation for EU is branded 'colossal inaccuracy'Formula raises questions over how negotiations can commence By Mark John April 3 (Reuters) - Ridiculed for imposing trade tariffs on frozen islands largely inhabited...Reuters
Thu, Apr 3
INSTANT VIEW-Global stocks, and yields, nosedive as Trump tariffs fan trade war fears
April 3 (Reuters) - World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. The S&P 500 .SPX a...Reuters
Thu, Apr 3
Fitch cuts China credit rating on debt risks amid trade tensions
Fitch cuts China's credit rating by one notch to 'A'Cites rapidly rising debt, worsening public financesChina ramps up stimulus to shield economy from US tariffsFinance ministry describes Fitch downgrade as 'biased'By Kevin Yao BEIJING, April 3 (Reuters) - Global ratings agenc...Reuters
Thu, Apr 3
QUOTES-Executives, trade and labour associations on Trump's reciprocal tariffs
April 3 (Reuters) - U.S. President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Here are latest rea...Reuters
Thu, Apr 3
ECB's Kazimir: US tariffs already factored into worse scenarios
European Central Bank (ECB) board member Peter Kazimir said on Thursday that the United States' tariffs, to a large extent, are already factored into their forecasts among the worse scenarios that they must brace for, per Reuters.Fxstreet
Thu, Apr 3
US senators seek to rein in Trump tariff authority
WASHINGTON, April 3 (Reuters) - Two senior lawmakers on the Senate Finance Committee are introducing legislation seeking to rein in President Donald Trump's ability to impose tariffs and would require congressional approval for new levies within 60 days.Republican Senator Chuck Grassley and Demo...Reuters
Thu, Apr 3
Canada posts surprise trade deficit in February
Canada trade deficit for February was at C$1.52 billionTotal exports in February dropped by 5.5% to C$70.11 billionFebruary exports were second highest since May 2022Imports rose by 0.88% to C$71.63 billion in FebruaryBy Promit MukherjeeOTTAWA, April 3 (Reuters) - Canada unexpectedly swung into a tr...Reuters
Thu, Apr 3
Trade war may cut Czech GDP growth by 0.6-0.7 pct point this year, minister says
PRAGUE, April 3 (Reuters) - A trade war started by the imposition of U.S. tariffs on imports may cut Czech economic growth by 0.6-0.7 percentage point this year, Czech Finance Minister Zdenek Stanjura said on Thursday."The trade war which (U.S. President) Donald Trump initiates by his steps is a...Reuters
Thu, Apr 3
India says studying impact of 27% US tariff, vows to push trade deal
India's non-tariff barriers hurt US exports, White House saysIndia says studying impact of tariff and likely opportunitiesNew Delhi vows to push ongoing talks for 2025 trade deal with USUS move could push India towards other trade blocs, expert saysIndian markets largely unperturbed, recover aft...Reuters
Thu, Apr 3
