News
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Data company Agri Stats settles poultry worker wage-fixing lawsuit
By Mike Scarcella Oct 13 (Reuters) - Agricultural data company Agri Stats has agreed to settle a federal antitrust lawsuit alleging that it conspired with major poultry processors in the U.S. to suppress worker wages.The proposed class action settlement was filed on Friday in the federal court in...Reuters
Mon, Oct 13
FACTBOX-US government shutdown: How it affects key economic data publishing
Oct 13 (Reuters) - The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30.The closure has shut off the flow of key economic data at a moment of uncertaint...Reuters
Mon, Oct 13
US Treasury's Bessent: 100% tariffs doesn't have to happen
In an interview with Fox Business on Monday, United States (US) Treasury Secretary Scott Bessent noted that they have aggressively pushed back against China's export controls and called in a "provocative move," per Reuters.Fxstreet
Mon, Oct 13
USD/CNH: Likely to trade in a range between 7.1280 and 7.1500 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1280 and 7.1500. In the longer run, USD is expected to trade in a range between 7.1200 and 7.1550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Oct 13
Brazilian Economists See 2025 Inflation At 4.72% - Cenbank Poll
Oct 13 (Reuters) - BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.72% IN 2025 VERSUS 4.80% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.28% IN 2026 VERSUS 4.28% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE YEAR-END 2025 INT...Reuters
Mon, Oct 13
US-China Trade War: Episode 1,000,000 – Commerzbank
If anyone still harbored hope that this unbearable tariff saga had already reached its climax, such hope was likely extinguished after the US government’s threat late last week to impose tariffs of 100% on imports from China, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Mon, Oct 13
China: Export stayed resilient in September on strong demand from nonUS markets – UOB Group
Both China’s export and import growth were well-above Bloomberg’s consensus forecasts in September. China’s exports rose at the fastest pace in six months at 8.3% y/y in September (Bloomberg est: 6.6%, August: 4.4%) and imports jumped sharply by 7.4% y/y (Bloomberg est: 1.8%, August: 1.3%).Fxstreet
Mon, Oct 13
China's Foreign Ministry urges US to act on the basis of equality, respect, and mutual benefit
China Foreign Ministry spokesperson Lin Jian said during a regular press briefing this Monday that if the US is determined to go its own way, China will resolutely take corresponding measures to safeguard its legitimate rights and interests.Fxstreet
Mon, Oct 13
ECB Sets Transitional Provisions For Minimum Reserve Requirements Following Introduction Of Euro In Bulgaria
Oct 13 (Reuters) - ECB: ECB SETS TRANSITIONAL PROVISIONS FOR MINIMUM RESERVE REQUIREMENTS FOLLOWING INTRODUCTION OF EURO IN BULGARIAECB: BULGARIAN BANKS ALSO BECOMING SUBJECT TO EUROSYSTEM’S MINIMUM RESERVE REQUIREMENTS AFTER EURO ADOPTIONECB: TRANSITIONAL PROVISIONS NEEDED TO INTEGRATE BULGARIAN BA...Reuters
Mon, Oct 13
Dow Jones futures gains due to increased Fed rate cut bets, easing US-China trade concerns
Dow Jones futures climb 1.12% to trade above 46,200 during European hours on Monday, ahead of the opening of the United States (US) regular session. The S&P 500 futures gain 1.52% to rise toward 6,700, while Nasdaq 100 futures surge 2.07% to trade around 24,900 at the time of writing.Fxstreet
Mon, Oct 13
China's September exports to Russia show steepest decline in seven months
BEIJING, Oct 13 (Reuters) - China's yuan-denominated exports to Russia in September posted their biggest drop in seven months, accelerating the decline seen in August, Chinese customs data showed on Monday.Outbound shipments to Russia contracted 21% in yuan terms last month to 63.11 billion yuan...Reuters
Mon, Oct 13
EUR/GBP holds positive ground above 0.8700 as France’s Macron unveils new government
The EUR/GBP cross trades with mild gains near 0.8705 during the early European session on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid concerns over potential tax increases in the upcoming Autumn Budget.
Fxstreet
Mon, Oct 13
EUR/JPY holds gains near 176.50 due to weakening safe-haven demand
EUR/JPY recovers its losses registered in the previous session, trading around 176.50 during the Asian hours on Monday. The currency cross appreciates as the Japanese Yen (JPY) struggles amid dampening safe-haven demand, driven by easing US-China trade tensions.
Fxstreet
Mon, Oct 13
China's car sales pick up speed in 'Golden September'
China's Sept car sales +6.6% y/y vs +4.9% y/y in AugDealers, consumers take advantage of trade-in incentivesBYD domestic market share drops to 14%, vs 18% in Sept 2024Geely, Leapmotor, Xpeng and Xiaomi post record salesTesla China sales dip 0.9%, third month of decline BEIJING, Oct 13 (Reuter...Reuters
Mon, Oct 13
Economists see stronger US growth, but weak job gains and stickier inflation
Tariffs a drag, but offset by other factorsBusiness investment seen strongJob growth tepid, inflation at 2.5% through 2026By Howard SchneiderWASHINGTON, Oct 13 (Reuters) - Surging business investment is expected to offset weaker growth in consumption and global trade and keep the U.S. economy growin...Reuters
Mon, Oct 13
