News
Important Only
Japan's economy shrinks annualised 0.7% in Jan-March
TOKYO, May 16 (Reuters) - Japan's economy shrank an annualised 0.7% in the first quarter, data showed on Friday, underscoring a fragile recovery now under threat from U.S. President Donald Trump's trade policies.The contraction in real gross domestic product (GDP) was much bigger than a medi...Reuters
Thu, May 15
US considers more Chinese companies for 'entity list,' source says
By Karen Freifeld WASHINGTON, May 15 (Reuters) - The U.S. Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its restricted export list, a person familiar with the matter said.The Bureau of Industry and Security is also looking at adding subsid...Reuters
Thu, May 15
Mexico central bank cuts interest rate but flags trade tensions, weak economy
By Brendan O'Boyle MEXICO CITY, May 15 (Reuters) - The Bank of Mexico lowered its benchmark interest rate by 50 basis points for the third consecutive meeting on Thursday, as inflation remains within the bank's target range but uncertainty persists around trade tensions and a weak economy...Reuters
Thu, May 15
White House announces slew of "new" deals across AI and energy sectors
Staff from the Trump administration have been hard at work on Thursday, pushing a raft of announcements on a wide range of investment projects with the United Arab Emirates (UAE) that President Trump has been pursuing hard since taking office in January.Fxstreet
Thu, May 15
Ontario expects budget deficit to more than double in face of US tariffs
By Fergal Smith TORONTO, May 15 (Reuters) - Ontario, Canada's most populous province and manufacturing powerhouse, on Thursday forecast its widest budget deficit since the height of the pandemic, more than doubling in size, and a slower move into surplus as it increased spending to support th...Reuters
Thu, May 15
Fed's Barr: The US economy is on solid footing, though trade policies cloud the outlook
Federal Reserve (Fed) Board of Governors member Michael Barr spoke at the New York Fed's Small Business Credit Symposium on Thursday, noting that although the United States (US) economy is maintaining a solid stance according to the data, dark clouds caused by the Trump adminsitration's lopsided traFxstreet
Thu, May 15
US preparing to issue some sanctions relief to Syria
Treasury likely to issue general licenses in coming weeksRubio says Trump intends to issue waivers Trump said he would lift all sanctions on SyriaBy Humeyra Pamuk ANTALYA, Turkey, May 15 (Reuters) - The United States is likely to issue some sanctions relief to Syria in coming weeks following Pres...Reuters
Thu, May 15
WRAPUP 2-US reports lackluster retail sales as tariffs start to dampen demand
Retail sales increase 0.1% in April; March data revised upCore retail sales decrease 0.2%; spending still holding upProducer prices drop 0.5%, travel category leads plunge in services By Lucia Mutikani WASHINGTON, May 15 (Reuters) - U.S. retail sales growth slowed sharply in April as the boost f...Reuters
Thu, May 15
Fed's Barr says economy on solid footing, trade dispute clouds outlook
WASHINGTON, May 15 (Reuters) - The U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on Thursday."The economy is on solid footing, with solid growth, low and stable ...Reuters
Thu, May 15
New Jersey Transit rail strike looming on Thursday night
By Joseph AxPRINCETON, New Jersey, May 15 (Reuters) - New Jersey Transit train engineers plan to walk off the job at midnight on Thursday if their wage demands are not met, affecting hundreds of thousands of commuters in New Jersey and New York.The strike would be the first in more than four decades...Reuters
Thu, May 15
