News
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RPT-PREVIEW-Visa, Mastercard set for higher profits on solid spending trends
Resilient consumer spending to boost U.S. payment giantsAnalysts to watch spending mix, pull-forward effects amid tariff volatilityCross-border travel trends in focus due to geopolitical tensionsInvestors eye stablecoin plans, looming regulatory shiftsBy Pritam Biswas and Arasu Kannagi Basil July...Reuters
Tue, Jul 29
Fed's policy toolkit may be headed for fundamental changes
Some signs emerge that Fed policy mechanics may be up for changeFed chief succession process opens door for rate control regime changeReturn to pre-financial crisis policy regime would be large undertakingBy Michael S. Derby July 29 (Reuters) - A U.S. senator's recent push to strip the Federa...Reuters
Tue, Jul 29
India and Taiwan were leading buyers of Russian naphtha in June, LSEG data shows
MOSCOW, July 29 (Reuters) - India and Taiwan were the leading destinations for Russian seaborne naphtha exports in June, as cheaper volumes and domestic demand attracted buyers, according to traders and LSEG data. Naphtha is a primary feedstock in the petrochemical industry for producing olefins and...Reuters
Tue, Jul 29
Japan’s Akazawa: Trade deal with US guarantees lowest tariff rates for chips, pharma
Japanese Economy Minister and top trade negotiator Ryosei Akazawa said on Tuesday, “my understanding is that if a third country reaches an agreement with the United States (US) on lower sectoral tariffs such as chips and pharmaceuticals, the same rate would apply to Japan.”
Fxstreet
Tue, Jul 29
DXY eyes key resistance at 99/99.40 after trendline rebound – Scotiabank
The Dollar Index is staging a recovery after defending its long-term uptrend near 96.40. A higher low at 97.10 and bullish MACD divergence point to fading downside momentum, with focus now shifting to key resistance near 99/99.40, Standard Chartered's economist report.Fxstreet
Tue, Jul 29
China: Fiscal room remains sizeable in H2 – Standard Chartered
Fiscal measures were front-loaded, contributing to higher-than-expected GDP growth in H1. If broad budget is fully implemented, fiscal impulse would be 1.2% of GDP in H2, reducing downside risk. Broad spending can maintain the H1 pace under prudent assumptions of tax and land sale revenues.Fxstreet
Tue, Jul 29
US travel bookings rebound for August, boosting companies' revenue outlook
Wyndham and Southwest await full domestic demand recoveryUnited and Hilton note improvement in business bookingsAirlines have had to offer sales to fill economy seats By Doyinsola Oladipo NEW YORK, July 29 - U.S. travel companies including air carriers United Airlines UAL.O and Southwest Airlines...Reuters
Tue, Jul 29
U.S. tariffs to slow Czech GDP by 0.2 p.p. in 2025, 0.4 p.p. in 2026 - ministry
PRAGUE, July 29 (Reuters) - U.S. tariffs will slow Czech economic growth by 0.2 percentage points for the remainder of the year and by 0.39 percentage points in 2026, the Czech finance ministry said on Tuesday, referring to preliminary estimates. The negative effect of the tariffs may be offset by o...Reuters
Tue, Jul 29
