News
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US President Trump warns of an additional 10% tariff on nations aligned with BRICS
US President Donald Trump said in his social media tweet early Monday, “I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th.Fxstreet
Mon, Jul 7
Israel carries out ‘intense’ strikes on Houthi targets in Yemen
Israel stated late Sunday that the country’s military had attacked Houthi targets at three ports and a power plant in Yemen. Defence Minister Israel Katz confirmed the attack, saying they were carried out due to repeated attacks by the Iranian-backed rebel group on Israel.Fxstreet
Sun, Jul 6
US close to several trade deals, announcements to be made in next days, Bessent says
WASHINGTON, July 6 (Reuters) - The United States is close to reaching agreements on several trade deals ahead of a July 9 deadline when higher tariffs kick in, U.S. Treasury Secretary Scott Bessent said on Sunday, predicting several big announcements in coming days.Bessent told CNN's "State ...Reuters
Sun, Jul 6
South Korea prosecutors file request to detain ex-president Yoon
SEOUL, July 6 (Reuters) - South Korea's special prosecution team on Sunday filed a request to detain former President Yoon Suk Yeol on charges related to insurrection from when he declared martial law last year, the prosecutor's office said in a statement. Yoon's martial law decree on De...Reuters
Sun, Jul 6
BRICS finance ministers make unified proposal for IMF reforms
By Lisandra Paraguassu RIO DE JANEIRO, July 5 (Reuters) - Finance ministers from the BRICS group of developing nations called on Saturday for reform of the International Monetary Fund, including a new distribution of voting rights and an end to the tradition of European management at the helm.The...Reuters
Sun, Jul 6
Trump to sign major tax-cut and spending bill into law on Friday
July 4 (Reuters) - President Donald Trump is scheduled to sign a massive package of tax and spending cuts into law at a ceremony at the White House on Friday, one day after the Republican-controlled House of Representatives narrowly approved the legislation.The bill, which will fund Trump's immi...Reuters
Fri, Jul 4
BoE's Taylor says better to cut rates now than risk waiting
July 4 (Reuters) - Bank of England policymaker Alan Taylor said on Friday that he thought it would be better to cut interest rates now rather than wait and risk needing to cut them in a hurry.Taylor said he expected Bank Rate to fall to "around 3%" by the end of next year if the BoE's in...Reuters
Fri, Jul 4
Producer prices in Brazil fall to the lowest in almost two years
SAO PAULO, July 4 (Reuters) - Brazil's producer price index (PPI) fell 1.29% in May, reaching the lowest level since 2023, statistics agency IBGE said on Friday.Producer prices in May contracted from a 0.12% drop in the previous month, IBGE said in a statement, marking the sharpest fall this yea...Reuters
Fri, Jul 4
South Korea parliament approves 31.8 trillion won extra budget to bolster economy
SEOUL, July 4 (Reuters) - South Korea's parliament approved a supplementary budget on Friday of 31.8 trillion won ($23.3 billion), supporting President Lee Jae Myung's push to bolster an economy grappling with trade headwinds and tepid consumption.The spending plan that parliament approved i...Reuters
Fri, Jul 4
Producer of Platinum metals with new forecasts for Platinum and Palladium – Commerzbank
Platinum and Palladium prices came under pressure yesterday and reversed most of the gains from the previous day. The price decline occurred much earlier than for Gold and was certainly not related to this.Fxstreet
Fri, Jul 4
Canada's services PMI declines in June as trade policy uncertainty clips activity
By Fergal Smith TORONTO, July 4 (Reuters) - Canada's services economy contracted at a steeper pace in June as uncertainty generated by U.S. trade policy depressed activity and cost pressures increased, S&P Global's Canada services PMI data showed on Friday.The headline Business Activi...Reuters
Fri, Jul 4
US chip tariffs: Saddled with uncertainty – Standard Chartered
Semiconductors are the fourth most traded good globally and impact a host of consumer goods. Semiconductor supply chain is complex, with different economies dominating different parts. US administration is conducting investigations into semiconductor supply chains; threatening tariffs.Fxstreet
Fri, Jul 4
ECB's Wunsch: Inflation risk more downward than upward
BERLIN, July 3 (Reuters) - The risk of inflation is pointing downwards rather than upwards, Belgium's central bank governor, Pierre Wunsch, told Germany's Handelsblatt newspaper in an interview published on Thursday.Speaking on the sidelines of a central bank conference in Sintra, the Europe...Reuters
Fri, Jul 4
Ethiopia agrees $1 billion financing deal with World Bank
ADDIS ABABA, July 4 (Reuters) - Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic reform programme and boost growth.The money will bolster government efforts to ensure financial sector stability, enhance trade competitiveness and ...Reuters
Fri, Jul 4
Japan Household Spending Surges Past Forecasts: Can Consumer Strength Lift Economy?
TradingKey - Newly released May data on Japanese household spending far exceeded market expectations. Adjusted for inflation, real household consumption expenditure surged 4.7% year-over-year in May, significantly higher than the projected 1.2%, marking the largest year-over-year increase since...
TradingKey
Fri, Jul 4
JPY outperforming on risk aversion – Scotiabank
The Japanese Yen (JPY) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies into Friday’s NA open, supported by sentiment in an environment of mild risk aversion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Fri, Jul 4
