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Trade war's impact on growth extremely detrimental, ECB says
BRUSSELS, March 27 (Reuters) - A trade war with the United States could have a fleeting impact on euro zone inflation but a far more detrimental effect on economic growth, European Central Bank Vice President Luis de Guindos said on Thursday. The euro zone's growth has been stagnating just ab...Reuters
Thu, Mar 27
US corporate profits surge in fourth quarter
WASHINGTON, March 27 (Reuters) - U.S. corporate profits rebounded sharply in the fourth quarter, but an uncertain economic outlook due to tariffs is creating a challenging environment for businesses in the first quarter.Profits from current production increased $204.7 billion last quarter, the Comme...Reuters
Thu, Mar 27
US goods trade deficit narrows in February
WASHINGTON, March 27 (Reuters) - The U.S. trade deficit in goods narrowed in February amid a rise in exports, which could temper economists' expectations for a sharp slowdown in economic growth in the first quarter. The goods trade deficit contracted 4.9% to $147.9 billion last month, the Commer...Reuters
Thu, Mar 27
Brazil posts slightly wider-than-expected February budget deficit
BRASILIA, March 27 (Reuters) - Brazil's central government recorded a slightly wider-than-expected primary budget deficit in February, Treasury data showed on Thursday, although the result improved sharply from a year earlier, mainly due to lower expenditures.Latin America's largest econ...Reuters
Thu, Mar 27
Washington told EU to brace for more tariffs before any talks, envoys say
BRUSSELS, March 27 (Reuters) - Washington has told the European Union it should not expect any trade negotiations before the United States has imposed more tariffs on the bloc next week, EU diplomats said on Thursday.U.S. President Donald Trump's administration has already imposed 25% tariffs on...Reuters
Thu, Mar 27
Brazil's annual inflation hits two-year high as rate hikes continue
SAO PAULO, March 27 (Reuters) - Brazil's 12-month inflation rate accelerated slightly less than expected in early March but still hit its highest level in two years, official data showed on Thursday, as the Brazilian central bank continues to tighten monetary policy. Annual inflation in Lati...Reuters
Thu, Mar 27
ECB’s de Guindos: We are optimistic with regard to inflation
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday that they are optimistic with regard to inflation and that they believe they will converge towards the inflation target on a stable basis in coming quarters, per Reuters.Fxstreet
Thu, Mar 27
US GDP expands by 2.4% in Q4 vs. 2.3% in previous estimate
The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States' Gross Domestic Product (GDP) expanded at an annual rate of 2.4% in the fourth quarter. This reading came in above the market expectation and the previous estimate of 2.3%.Fxstreet
Thu, Mar 27
QUOTES-Investors react as Trump auto tariffs rattle markets
March 27 (Reuters) - Automaker stocks around the world slumped on Thursday after the latest round of U.S. tariffs were targeted at the sector. U.S. President Donald Trump said late on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country ...Reuters
Thu, Mar 27
US weekly jobless claims edge lower
WASHINGTON, March 27 (Reuters) - The number of Americans filing new applications for unemployment benefits slipped last week, while the jobless rate appeared to have held steady in March.Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 224,000 for the week ended Mar...Reuters
Thu, Mar 27
REFILE-QUOTES-Trump's 25% car tariff ignites international criticism
March 27 (Reuters) - U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie produc...Reuters
Thu, Mar 27
