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RPT-US eyes zero tariff on cars in India trade deal as Tesla entry nears, sources say
India currently taxes car imports as much as as 110%Trump warns of reciprocal action against India's high auto taxTesla wants to enter India, but Musk critical of high tariffsIndian carmakers open to tax cut but not zero, sources sayBy Shivangi Acharya and Aditi Shah NEW DELHI, March 5 (Reut...Reuters
Thu, Mar 6
Japan’s Top FX Diplomat Mimura says seeing an increase in trade protectionism, such as tariffs
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange diplomat, said on Thursday that the officials are seeing an increase in protectionism, such as tariffs.
Fxstreet
Thu, Mar 6
US President Donald Trump working with House Republicans for bill to fund government until September
US President Donald Trump stated on Wednesday he was working with Republicans in the House of Representatives on a continuing resolution to fund the government until September, per Reuters.Fxstreet
Thu, Mar 6
Australia’s Trade Surplus increases to 5,620M MoM in January vs. 5,500M expected
Australia’s trade surplus increased to 5,620M MoM in January versus 5,500M expected and 4,924M (revised from 5,085M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.Fxstreet
Thu, Mar 6
RPT-India's small exporters seek import duty cuts to counter US steel, aluminium tariffs
India's engineering to be hit by US tariffs, says trade bodyExporters ask government to cut tariffs on certain US importsUS 25% tariffs on steel, aluminium effective March 12 By Manoj Kumar NEW DELHI, March 5 (Reuters) - India's small engineering goods exporters have urged the government ...Reuters
Thu, Mar 6
Musk's SpaceX loses early legal challenge to US labor board's powers
By Daniel Wiessner March 5 (Reuters) - A U.S. appeals court on Wednesday rejected a bid by Elon Musk's SpaceX to block the National Labor Relations Board from pursuing claims that the rocket maker illegally fired engineers who were critical of Musk.A unanimous three-judge panel of the New Orl...Reuters
Wed, Mar 5
RPT-ANALYSIS-Sony, Suntory build U.S. stockpiles as Japan faces Trump tariff threat
For the first time, Trump hints at Japan-aimed dutiesSome companies shift production to United StatesOthers ship inventory, split supply chainsTariff expertise in demand, recruiter saysBy Tim Kelly, Kentaro Okasaka and Rocky Swift TOKYO, March 5 (Reuters) - Japanese electronics giant Sony and dri...Reuters
Wed, Mar 5
NY Fed's Perli says market liquidity levels remain abundant
NY Fed's Perli says market liquidity still amplePerli's comments suggest balance sheet cuts have more roomPerli flags challenge of navigating debt ceiling resolutionBy Michael S. Derby NEW YORK, March 5 (Reuters) - A Federal Reserve Bank of New York official who manages the implementation...Reuters
Wed, Mar 5
ECB to cut rates again as trade wars, defence cloud the outlook
Deposit rate cut to 2.5% fully expectedTrade war, German spending boom to transform outlookReference to 'restrictive' policy is key to watch By Balazs Koranyi and Francesco Canepa FRANKFURT, March 6 (Reuters) - The European Central Bank is set to cut interest rates again on Thursday in wh...Reuters
Wed, Mar 5
US crude imports hit 4-year low on weak refinery demand
US waterborne crude imports hit lowest point since March 2021 - KplerCanadian crude imports fall to lowest since April amid 67% drop in East Coast shipments Refinery maintenance, including at largest East Coast plant, hits demand Uncertainty over impending tariffs also curbed shipmentsBy Georgina Mc...Reuters
Wed, Mar 5
