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US crude, gasoline and distillate inventories fall - EIA
NEW YORK, August 6 - U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 3 million barrels to 423.7 million barrels in the week ended August 1, the EIA said, compared with analysts' expectations ...Reuters
Wed, Aug 6
Kashkari: Fed needs to respond to slowing economy, two cuts this year would be reasonable
WASHINGTON, Aug 6 (Reuters) - The U.S. Federal Reserve may need to cut interest rates in the near term in response to a slowing U.S. economy, even though it remains unclear whether tariffs will continue to push inflation higher, Minneapolis Fed President Neel Kashkari said on Wednesday."The econ...Reuters
Wed, Aug 6
Canada's services PMI rises to eight-month high in July as business confidence improves
By Fergal Smith TORONTO, Aug 6 (Reuters) - The downturn in Canada's services economy eased in July as the pace of decline in new business activity slowed and firms grew more optimistic about the outlook for activity, S&P Global's Canada services PMI data showed on Wednesday.The headli...Reuters
Wed, Aug 6
Swiss president met business leaders in Washington ahead of tariff talks
ZURICH, Aug 6 (Reuters) - Swiss President Karin Keller-Sutter and her trade delegation met with Swiss business leaders in Washington on Wednesday ahead of talks aimed at reducing U.S. tariffs on Swiss products with Secretary of State Marco Rubio.Roche ROG.S Chairman Severin Schwan and Alfred Gantner...Reuters
Wed, Aug 6
Kashkari: Fed needs to respond to slowing economy, two cuts this year would be reasonable
WASHINGTON, Aug 6 (Reuters) - The U.S. Federal Reserve may need to cut interest rates in the near term in response to a slowing U.S. economy, even though it remains unclear whether tariffs will continue to push inflation higher, Minneapolis Fed President Neel Kashkari said on Wednesday."The econ...Reuters
Wed, Aug 6
Hassett: Trump's top priority is to make economic data reliable
The White House’s economic adviser Kevin Hassett mentioned that Apple was expected to share an investment update on Wednesday as part of a broader conversation about the financial commitments companies and nations have made under President Trump’s leadership.Fxstreet
Wed, Aug 6
USD/CNH: Expected to consolidate in a range of 7.1800/7.2000 – UOB Group
US Dollar (USD) is expected to consolidate in a range of 7.1800/7.2000. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Aug 6
Food Lion-owner sells cut-price meal deals as US diners stay at home
By Dimitri Rhodes Aug 6 (Reuters) - Dutch retailer Ahold Delhaize AD.AS, owner of Food Lion and Giant stores in the United States, has found a silver lining from belt-tightening consumers. More are opting to cook at home as restaurant bills become too pricey.Consumers, particularly in the lower-...Reuters
Wed, Aug 6
Indonesia still discussing when to cut U.S. import tariffs to zero, minister says
JAKARTA, Aug 6 (Reuters) - Indonesia is still in talks with the United States about when it will reduce tariffs on imports of U.S. goods to 0%, its senior economic minister Airlangga Hartarto said on Wednesday. Indonesian goods exported to the United States will face a 19% tariff starting from Augus...Reuters
Wed, Aug 6
India braces for hit to $64 billion US exports amid rising tensions with Washington
India estimates about 80% of its goods exported to U.S. take a hitSays India to lose competitive edge to likes of ChinaKey exports to U.S. to become 10% costlier India's NSA visit to Russia to discuss oil, weapon issuesBy Nikunj Ohri, Sarita Chaganti Singh and Shivam Patel NEW DELHI, Aug 6 (R...Reuters
Wed, Aug 6
Euro zone retail sales grow quicker than thought after revisions
FRANKFURT, Aug 6 (Reuters) - Euro zone retail sales grew quicker than thought in June, data showed on Wednesday, reinforcing views that the bloc remains resilient to trade uncertainty thanks to the continued rebound in domestic consumption. Retail sales in the 20 nations sharing the euro currency ex...Reuters
Wed, Aug 6
Toronto home sales post biggest increase in nine months in July
By Fergal Smith TORONTO, Aug 6 (Reuters) - Greater Toronto Area home sales rose for a fourth straight month in July and prices edged lower, Toronto Regional Real Estate Board data showed on Wednesday.Seasonally adjusted sales increased 13% on a month-over-month basis to 5,744 units. That marked t...Reuters
Wed, Aug 6
Thai business group raises 2025 GDP growth forecast to between 1.8% and 2.2%
By Thanadech Staporncharnchai BANGKOK, Aug 6 (Reuters) - Thailand's economy is expected to grow 1.8% to 2.2% this year, higher than a previous forecast of 1.5% to 2.0%, after the United States lowered its tariff rate to 19% on imported goods from the country, a leading business group said on ...Reuters
Wed, Aug 6
