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REUTERS NEXT-Markets becoming desensitised to Trump's tariff shifts, CGS International CEO says
Chinese firms are relocating resources to SE Asia, says CGS CEOInvestment shifts to Asia, ING executive says India stands out as investment destination, Eastspring Investments CIO saysBy Yantoultra Ngui, Jun Yuan Yong and Himanshi Akhand SINGAPORE, July 9 (Reuters) - Global financial markets ar...Reuters
Wed, Jul 9
Vietnam to introduce measures to cope with US tariffs, trade official says
HANOI, July 9 (Reuters) - Vietnam will devise measures to improve product quality to cope with potential risks from U.S. tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country's deputy trade minister said on Wednesday.The Ministry of Ind...Reuters
Wed, Jul 9
China's factory-gate deflation worst in 2 years as trade war bites
China's June PPI shrinks 3.6%, lowest since July 2023June CPI +0.1% y/y vs -0.1% y/y in MayExports-oriented industries under price pressure, statistician saysOverall demand impulse remains weak, reinforces need for more stimulusTrump's trade war, China's prolonged property crisis undermi...Reuters
Wed, Jul 9
China economy to exceed $19.5 trillion this year, says state planner
BEIJING, July 9 (Reuters) - The head of China's state planner said he expects the size of the economy to exceed 140 trillion yuan ($19.5 trillion) this year, speaking in a press conference on the country's current five-year policy plan, which concludes at the end of 2025.Zheng Shanjie, chair...Reuters
Wed, Jul 9
China's consumer prices rise for first time in five months
BEIJING, July 9 (Reuters) - China's consumer prices rose for the first time in five months in June while producer deflation worsened, as the economy grapples with uncertainty over a global trade war and subdued demand at home. The consumer price index edged up 0.1% last month from a year earlier...Reuters
Wed, Jul 9
China’s CPI inflation arrives at 0.1% YoY in June vs. 0% expected
China’s Consumer Price Index (CPI) rose at an annual pace of 0.1% in June after declining 0.1% in May, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 0% in the reported period.Fxstreet
Wed, Jul 9
White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports
WASHINGTON, July 8 (Reuters) - White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.Hassett met with President Donald Trump about the Fed job...Reuters
Wed, Jul 9
Citigroup to add over 500 jobs in Charlotte, North Carolina governor says
July 8 (Reuters) - Citigroup C.N plans to create 510 new jobs in Charlotte, Josh Stein, governor of North Carolina said on Tuesday.The bank will invest $16.1 million in an office facility in Mecklenburg County, expanding its workforce in personal banking, finance and marketing, the governor added.Bl...Reuters
Tue, Jul 8
POLL-Mexico headline inflation seen easing in June with core rate climbing
BUENOS AIRES/MEXICO CITY, July 8 (Reuters) - Mexican headline inflation likely eased in June after rising for four straight months, though core inflation is expected to have kept climbing, fueling bets the central bank will slow the pace of interest rate cuts, a Reuters poll showed on Tuesday.The me...Reuters
Tue, Jul 8
Trump says South Korea should be paying for its own defense
By Andrea Shalal and David Brunnstrom WASHINGTON, July 8 (Reuters) - U.S. President Donald Trump said on Tuesday South Korea should be paying for its own military protection and suggested the U.S. ally needed to pay more for the U.S. troop presence there, a day after saying he planned to impose a...Reuters
Tue, Jul 8
