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South Korea signals near-term rate cut, warns of 'significant' uncertainty from US tariffs
Bank of Korea holds rates steady, as expectedMost board members open to rate cut in near term Governor cites uncertainty over U.S. trade talksEconomists expect at least one more rate cut in H2By Jihoon Lee and Joyce Lee SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates...Reuters
Thu, Jul 10
Japan's Akazawa: Dollar's status as global reserve currency remains solid
Japan's top trade negotiator, Ryosei Akazawa, said on Thursday that the US Dollar's (USD) status as global reserve currency remains solid. Akazawa added that Japan is unlikely to face US demands to prop up Japanese Yen as the USD is more susceptible to selling.Fxstreet
Thu, Jul 10
US President Donald Trump sets 50% tariffs on copper, effective August 1 - Reuters
US President Donald Trump said Wednesday that the new 50% tariff on US copper imports, which he had announced the previous day, will take effect on August 1, per Reuters. The decision was made after he received a national security assessment.Fxstreet
Thu, Jul 10
Japan's wholesale inflation slows, relieves interest rate-hike pressure
June wholesale inflation hits 2.9%, matches forecastSlowdown due to falling fuel, metal product pricesFood prices continue to rise steadily on high rice costPrice pressure may moderate as U.S. tariff hit intensifiesBy Leika Kihara TOKYO, July 10 (Reuters) - Japan's annual wholesale inflation ...Reuters
Thu, Jul 10
WRAPUP 5-Trump sets 50% US tariffs on copper, Brazilian imports starting in August
Trump raises Brazil's August 1 tariffs to 50% from 10%Trump sets 50% copper tariff to start August 1Trump sends tariff letters to Philippines, Iraq, Sri Lanka, others EU and US nearing trade agreement, says EU trade chief SefcovicEU seeks protections for auto industry in complex talksBy David La...Reuters
Thu, Jul 10
Bank of Korea holds interest rates steady, as expected
SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates steady on Thursday, in line with expectations, as it steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.S. tariffs. The Bank of Korea'...Reuters
Thu, Jul 10
Fed minutes show little support for interest rate cut later this month
WASHINGTON, July 9 (Reuters) - Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's useReuters
Thu, Jul 10
Philippines plans to negotiate with US to lower tariffs, envoy to Washington says
MANILA, July 10 (Reuters) - The Philippines is planning to negotiate with Washington to lower tariffs after the United States moved to impose higher 20% tariffs on goods imported from Manila, its ambassador to the United States said on Thursday."We are still planning to negotiate that down,"...Reuters
Wed, Jul 9
Bassett Furniture's Q2 revenue rises 1.1%, beats expectations
OverviewBassett Furniture's fiscal Q2 revenue rises 1.1%, beating analyst expectations, per LSEG dataDiluted EPS of $0.22 beats analyst estimatesReports operating income of $2.5 mln from a loss of $8.5 million last yearOutlookCompany cites weak housing market affecting consumer confidenceBassett...Reuters
Wed, Jul 9
Car import quotas, export credits on table for EU-US trade talks, sources say
EU seeking US trade deal ahead of August 1 deadlineUS-EU talks moving fast, officials and industry sources sayEasing of US car tariffs essential for a deal, EU diplomat saysUS imposed 25% import tariff on cars in AprilBy Christoph Steitz, Julia Payne and David Lawder FRANKFURT/BRUSSELS/WASHINGTON...Reuters
Wed, Jul 9
Tariffs drive US clothing imports from China to 22-year low in May
US imported $556 million worth clothing from China in May, down from $796 million in April - dataUS apparel imports from Mexico rose 12% in May from year earlier - dataBy Helen Reid and Siddharth CavaleLONDON/NEW YORK, July 9 (Reuters) - The value of apparel imports from China to the U.S. fell in Ma...Reuters
Wed, Jul 9
Wall Street pushes out end of Fed balance sheet wind-down, minutes show
Fed minutes show another push back for end of balance sheet wind-downMarkets now see February as stopping point for quantitative tighteningLiquidity levels likely to contract faster in wake of government budget billBy Michael S. Derby NEW YORK, July 9 (Reuters) - Financial market participants hav...Reuters
Wed, Jul 9
