News
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Switzerland's government to hold special meeting over Trump's huge tariff on Swiss imports
Swiss goods face 39% US import tariff from August 7Swiss luxury goods, drugs, machinery depend on US marketBy John Revill ZURICH, Aug 4 (Reuters) - Switzerland's government will hold an extraordinary cabinet meeting on Monday to discuss its response to President Donald Trump's 39% tariff ...Reuters
Mon, Aug 4
DXY: In consolidation following the sharp drop – OCBC
US Dollar (USD) turned sharply lower on release of payrolls report last Fri. Most USD/Asean FX was also trading lower this morning, catching up on the USD pullback. DXY was last at 98.80 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Mon, Aug 4
Tesla's July China-made EV sales fall 8.4%
BEIJING, Aug 4 (Reuters) - Tesla's TSLA.O sales of China-made electric vehicles in July fell 8.4% from a year earlier, reversing a mild increase in June, in the face of rising competition from rivals offering lower-priced new models. Deliveries of Tesla's China-made Model 3 and Model Y vehic...Reuters
Mon, Aug 4
US: Tariff reset offers clarity, but trade uncertainty persists – UOB Group
Just ahead of the 1 Aug deadline, US President Donald Trump signed an executive order on Thursday (31 Jul) that modified 'reciprocal' tariffs on a number of countries/regions, with updated levies ranging from 10% to 41%. The tariff rates are slated to take effect from 7 August.Fxstreet
Mon, Aug 4
Swatch CEO calls on Swiss president to meet Trump to solve tariff dispute
ZURICH, Aug 4 (Reuters) - Swatch Group UHR.S Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet U.S. President Donald Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States.Hayek told Reuters on Monday he wa...Reuters
Mon, Aug 4
What the July Jobs Report Reveals: Record Downward Revisions Stoke Recession Fears
TradingKey - The release of the U.S. July nonfarm payrolls report on Friday, August 1 has shattered the narrative of a resilient labor market — so severely that President Donald Trump fired the head of the Bureau of Labor Statistics (BLS) within hours. With payroll growth slowing sharply and priorTradingKey
Mon, Aug 4
Euro zone bonds steady; investors wary of US policy outlook
LONDON, August 4 (Reuters) - Euro zone government bond yields held steady on Monday, having posted their largest weekly decline in two months, in stark contrast with a drop in U.S. yields after a dismal jobs report sparked a surge in bets on a Federal Reserve cut in September. Friday's monthl...Reuters
Mon, Aug 4
Bank of England faces inflation challenge as it prepares to cut rates
UK inflation at 3.6% higher than US and euro zoneLong-term inflation expectations have risen over past yearDomestic inflation pressures slow to ease since pandemicWage growth needs to fall further to get CPI back to 2%PMI data shows firms raising prices after greater cost pressureBy David Milliken ...Reuters
Mon, Aug 4
RPT-Switzerland could revise offer on Trump tariffs, business minister says
By John Revill ZURICH, Aug 3 (Reuters) - The Swiss government is open to revising its offer to the United States in response to planned heavy tariffs, Business Minister Guy Parmelin said, as experts warned the 39% import duties announced by President Donald Trump could trigger a recession in Swit...Reuters
Mon, Aug 4
Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer
By Dan Catchpole Aug 4 (Reuters) - More than 3,200 union members who assemble Boeing's BA.N fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day.Boeing Defense said it was ready for the work stoppage and it will impl...Reuters
Mon, Aug 4
INDIA BONDS-India bonds rise tracking US peers; RBI policy in focus
By Khushi Malhotra MUMBAI, Aug 4 (Reuters) - Indian government bonds edged higher in early deals on Monday, with bulls lapping up debt after an uptick in U.S. Treasuries, ahead of the Reserve Bank of India's (RBI) rate setting outcome this week.The yield on the benchmark 10-year bond IN063335...Reuters
Mon, Aug 4
CORRECTED-Latest Trump tariffs unlikely to budge, top negotiator says
Aug 3 (Reuters) - The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday.Ahead of a Friday deadline, Trump set rates inclu...Reuters
Mon, Aug 4
