News
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Home Depot forecasts annual same-store sales growth below estimates
Feb 25 (Reuters) - Home Depot HD.N forecast annual same-store sales growth below analysts' estimates on Tuesday, as the top U.S. home improvement chain contends with a slowdown in spending on big-ticket projects amid a weak housing market and higher borrowing costs.
Reuters
Tue, Feb 25
CORRECTED-Taiwan chip maker Vanguard says Trump's threatened tariffs could fuel inflation
Corrects revenue in paragraph 14 to T$11.55 billion ($352 million) from T$115.53 billion ($3.52 billionBy Wen-Yee Lee TAIPEI, Feb 25 (Reuters) - Taiwanese chip maker Vanguard International Semiconductor 5347.TWO warned on Tuesday that U.S. tariffs on imported chips could spur inflation and impact...Reuters
Tue, Feb 25
European car sales drop in January as falling combustion engines outweigh EV gains
Adds Tesla and SAIC figures in paragraph 2, graphicsBy Alessandro Parodi Feb 25 (Reuters) - Sales of fully electric car sales In Europe were up 37.3% in January, industry data showed on Tuesday, although the sharp rise was not enough to compensate for a drop in petrol and diesel vehicles, lea...Reuters
Tue, Feb 25
ECB’s Nagel: We should take one step at a time and not rush rate cuts
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Tuesday, “we should take one step at a time and not rush rate cuts.” Additional comments Inflation outlook is fairly encouraging.Fxstreet
Tue, Feb 25
South Korean minister heads to Washington seeking exemption from Trump tariffs
SEOUL, Feb 25 (Reuters) - South Korea's Industry Minister Ahn Duk-geun will travel to Washington D.C. from Wednesday through to Friday to press again for an exemption from U.S. steel tariffs and discuss ways to boost cooperation in energy and shipbuilding, his ministry said. The trip comes less ...Reuters
Tue, Feb 25
PBOC Advisor: China's CPI will decline moderately in February
Huang Yiping, an advisor to the People’s Bank of China (PBOC) said on Tuesday that “Chinese Consumer Price Index (CPI) will decline moderately in February.” Additional quotes Changes in external environment will increase pressure on expanding domestic demand this year.Fxstreet
Tue, Feb 25
German economy shrank by 0.2% in Q4, statistics office confirms
Adds details from paragraph 2 BERLIN, Feb 25 (Reuters) - The German economy shrank by 0.2% in the final quarter of 2024 compared with the previous quarter, the statistics office reported on Tuesday, confirming a preliminary reading.Exports of goods and services were down considerably, falling 2.2...Reuters
Tue, Feb 25
China central bank adviser says exports to US may fall sharply
BEIJING, Feb 25 (Reuters) - China's exports to the U.S. may fall sharply as U.S. President Donald Trump's tariff hikes will hit bilateral trade, Wang Yiming, a policy adviser to China's central bank, said at an online event on Tuesday. Changes in the external environment will increase pr...Reuters
Tue, Feb 25
JGB yields drop for second day tracking US peers
TOKYO, Feb 25 (Reuters) - Japanese government bond (JGB) yields fell on Tuesday, tracking U.S. Treasury yields, while the market kept its focus on potential further domestic interest rate hikes. The 10-year JGB yield JP10YTN=JBTC touched a one-week low of 1.365% and was last down 4.5 basis points at
Reuters
Tue, Feb 25
Poland - Factors to Watch Feb 25
WARSAW, Feb 25 - The following are significant news stories, press reports and events on Tuesday. ALL TIMES GMT (Poland: GMT + 1 hour): PRESIDENT OF THE EUROPEAN COUNCILOn Tuesday, Polish Prime Minister Donald Tusk will meet the President of the European Council, António Costa, to discuss further su...Reuters
Tue, Feb 25
Hong Kong budget looks to tackle deficit blowout amid economic headwinds
Government forecasts deficit just below HK$100 billionSliding premiums from land revenues hit coffersOutlook for finance hub overshadowed by trade tensions By Jessie Pang HONG KONG, Feb 25 (Reuters) - Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as i...Reuters
Tue, Feb 25
European car sales drop in January as falling combustion engines outweigh EV gains
Feb 25 (Reuters) - New car sales in Europe were down by 2.1% in January, as a jump in fully electric and hybrid-electric car registrations in its main markets was not enough to compensate for falling petrol and diesel sales, industry data showed on Tuesday. Overall sales in France, Italy, Germany anReuters
Tue, Feb 25
Vietnam's US exports account for 30% of GDP, making it highly vulnerable to tariffs
HANOI, Feb 25 (Reuters) - Vietnam's goods exports to the United States accounted for 30% of its gross domestic product last year, the highest share among U.S. top trade partners, a Reuters review of public data shows, making the country highly vulnerable to reciprocal tariffs.Reuters
Tue, Feb 25
