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EU brands turn to obscure customs clause to soften blow of Trump's tariffs
European brands scramble to find ways to ease tariff painLow U.S. consumer confidence limits room for price hikesEU brands including L'Oreal increasingly explore decades-old 'First Sale' lawBy Elisa Anzolin, Mimosa Spencer and Dominique Patton PARIS/MILAN, Aug 1 (Reuters) - L'Orea...Reuters
Fri, Aug 1
Gold demand driven by investment demand in the 2nd quarter and first half of the year – Commerzbank
The World Gold Council has published data on Gold demand in the second quarter. At just under 1,250 tons, demand was a good 3% higher than in the previous year. Given that the price of Gold rose by more than 40% compared to the same quarter last year, this is remarkable.
Fxstreet
Fri, Aug 1
TEXT-Fed's Bowman, Waller explain dissenting votes
Aug 1 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller on Friday explained why they dissented at this week's Fed policy meeting. To see the full text of their explanations, click the links below.Bowman:https://urldefense.com/v3/__https://www....Reuters
Fri, Aug 1
WRAPUP 1-Dissenting Fed officials tie votes to labor market concerns
Waller and Bowman favored a rate cut at this week's meetingTrump has been pushing aggressively for lower borrowing costsConcerns about impact of tariffs on inflation have kept Fed on sidelinesBy Michael S. Derby Aug 1 (Reuters) - The two Federal Reserve governors who favored an interest r...Reuters
Fri, Aug 1
Morning News Call - Canada, August 1
(Morning News Call - Canada edition will not be published on Monday, August 4, on account of the Civic Holiday) To access a PDF version of this newsletter, please click here You can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through you...Reuters
Fri, Aug 1
POLL-Mexico's central bank to cut rates by 25 basis points to 7.75% on August 7
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=MXCBIR%3DECI poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MXGDPAP Mexico GDP dataBy Gabriel Burin BUENOS AIRES, Aug 1 (Reuters) - Mexico's central bank will cut its key interest rate by 25 ba...Reuters
Fri, Aug 1
New Tesla sales in Spain rise 27% in July, other EV sales more than double
Aug 1 (Reuters) - Tesla's TSLA.O new car sales in Spain rose 27% in July from the same month in 2024 to 702 vehicles, registration data released by industry group ANFAC showed on Friday, while sales of electrified cars as a whole skyrocketed, with a 155% rise.Sales of Tesla cars in Spain were up...Reuters
Fri, Aug 1
China: Soft start to H2 – Standard Chartered
Official manufacturing PMI fell to a three-month low of 49.3 in July as demand weakened. IP and export growth may have moderated on tariff impact and fading front-loading activity. FAI and retail sales growth likely recovered from June’s drop, partly due to normalisation.Fxstreet
Fri, Aug 1
India's Andhra Pradesh state approves up to $600 million for electronic parts production
Aug 1 (Reuters) - India's southern state of Andhra Pradesh on Friday approved a draft scheme offering $600 million in incentives to boost local manufacturing of electronics components.In March this year, India's federal government approved a similar plan worth a larger 229.19 billion rupees ...Reuters
Fri, Aug 1
Bangladesh secures 20% US tariff for garments, exporters relieved
Bangladesh secures 20% tariff on key garment exports to USIndia faces higher 25% tariff on apparel shipmentsPakistani exporters cautious about impact of 19% tariffBy Ruma Paul DHAKA/KARACHI/AHMEDABAD, Aug 1 (Reuters) - Bangladesh has negotiated a 20% tariff on exports to the U.S., down from the 3...Reuters
Fri, Aug 1
Euro zone inflation holds at ECB target, supporting case for steady rates
Headline inflation unchanged at 2.0%Core inflation unchanged at 2.3%Markets reducing bets on further rate cutsChinese dumping amid trade war a key uncertaintyBy Balazs Koranyi FRANKFURT, Aug 1 (Reuters) - Euro zone inflation held steady at the ECB's 2% target in July, confirming the bank'...Reuters
Fri, Aug 1
WRAPUP 7-Trump hits dozens more countries with steep tariffs
Mexico avoids 30% tariff on non-automotive, non-metals goodsA 35% tariff on many Canadian goodsBrazil hit with 50% tariff, some sectors excludedChina trade deal not finalized, August 12 deadline loomsTrump administration teases additional trade dealsBy David Lawder, Trevor Hunnicutt and Aida Pelaez-...Reuters
Fri, Aug 1
Taiwan says 20% U.S tariff is temporary; separate rate for chips in focus
Taiwan government seeking more favourable rateUS official says Taiwan's offer well-received, final deal closeTariffs for chips, electronics and other tech are part of a separate discussion By Yimou Lee and Wen-Yee Lee TAIPEI, Aug 1 (Reuters) - Taiwan President Lai Ching-te said on Friday tha...Reuters
Fri, Aug 1
