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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
White House defends firing of labor official as critics warn of trust erosion
Trump's firing of BLS head sparks concerns over data integrityTrump says he will tap new BLS head, new fed governor soonCritics call for Congress to investigate McEntarfer's removalBofA CEO calls for more reliable dataBy Doina Chiacu and Jasper Ward WASHINGTON, Aug 3 (Reuters) - White Hou...Reuters
Mon, Aug 4
Canadian official says Carney and Trump to speak in the coming days - Reuters
A Canadian official said on Sunday that Canadian Prime Minister Mark Carney and US President Donald Trump will likely talk “over the next number of days” after the US imposed a 35% tariff on goods not covered by the US-Mexico-Canada trade agreement, Reuters reported on Sunday.
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Mon, Aug 4
Trump says he will announce candidate for open Fed position in next couple days
Aug 3 (Reuters) - U.S. President Donald Trump said on Sunday he will announce a candidate to fill an open position at the Federal Reserve in the next couple of days.The Fed said on Friday that Governor Adriana Kugler was resigning early from her term, leaving an opening for Trump, a sharp critic of ...Reuters
Mon, Aug 4
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
Sun, Aug 3
WRAPUP 1-Trump fires US labor official over data and gets earlier than expected chance to reshape Fed
Trump claims in social media post that jobs numbers were riggedNo evidence to back Trump's claimsFed Governor Kugler resigns, giving Trump an early chance for an appointmentEconomists already have growing concerns about US data qualityBy Lucia Mutikani, Nandita Bose and Michael S. Derby WASHI...Reuters
Fri, Aug 1
Trump fires BLS commissioner, raising concerns about economic data quality
Trump claims in social media post that jobs numbers were riggedNo evidence to back Trump's claimsEconomists, labor unions criticize firing as data manipulation attemptEconomists blame Trump's policies for slower job growthBy Jasper Ward and Lucia Mutikani WASHINGTON, Aug 1 (Reuters) - U.S...Reuters
Fri, Aug 1
Kugler resigning from Fed, opening door to Trump appointment
Fed's Kugler announces early exit from central bankKugler move opens up governor slot for Trump to fillOpen governor slot will impact succession process for Fed chairBy Michael S. Derby Aug 1 (Reuters) - The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from h...Reuters
Fri, Aug 1
WRAPUP 6-Markets dive after Trump hits more countries with steep tariffs
Markets down after new wave of tariffsSwitzerland stunned, seeks new talksBrazil, Canada, India, among countries hit by steep tariffsTrump administration teases additional trade dealsBy John Revill and Trevor Hunnicutt ZURICH/WASHINGTON, Aug 1 (Reuters) - U.S. President Donald Trump's latest ...Reuters
Fri, Aug 1
Trump, without evidence, claims jobs numbers were rigged
Aug 1 (Reuters) - U.S. President Donald Trump on Friday asserted, without evidence, that numbers contained in the July jobs report from the Bureau of Labor Statistics were rigged."In my opinion, today’s Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad," Trump said ...Reuters
Fri, Aug 1
WRAPUP 5-US labor market cracks widen as job growth hits stall speed
Nonfarm payrolls increase 73,000 in JulyMay, June payrolls revised down by 258,000Unemployment rate rises to 4.2% from 4.1% in JuneBy Lucia Mutikani WASHINGTON, Aug 1 (Reuters) - U.S. employment growth was weaker than expected in July while the nonfarm payrolls count for the prior two months was ...Reuters
Fri, Aug 1
