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EXCLUSIVE-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing
By Jessica DiNapoli NEW YORK, May 14 (Reuters) - Kraft Heinz KHC.O is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts...Reuters
Wed, May 14
Bangladesh to receive $1.3 billion from IMF as reform deal reached
DHAKA, May 14 (Reuters) - The International Monetary Fund (IMF) is set to release $1.3 billion to Bangladesh in June, after completing a fourth review of its $4.7-billion loan programme and a key breakthrough in talks on exchange rate reforms, the finance ministry said.The funds, covering both the f...Reuters
Wed, May 14
NZD/USD: RBNZ to keep cutting in May – ING
Another 25bp rate cut by the Reserve Bank of New Zealand on 28 May seems likely. Markets are fully pricing it in, following the RBNZ’s previous indications that growth remains a major concern, ING's FX analysts Francesco Pesole and Chris Turner note.
Fxstreet
Wed, May 14
Fed's Goolsbee: Data still noisy as Fed waits to understand tariff impacts
WASHINGTON, May 14 (Reuters) - Data showing temperate consumer inflation in April does not necessarily reflect the impact of rising U.S. import tariffs, with the Federal Reserve still needing more data to discern the direction of prices and the economy, Chicago Fed President Austan Goolsbee said on...Reuters
Wed, May 14
RPT-Tariff uncertainty affecting global trade, investments, Germany says
BERLIN, May 14 (Reuters) - The German economy ministry said on Wednesday that uncertainty in trade and economic activity would remain elevated, citing the United States' unclear policy on tariffs.The uncertainty is affecting not just global trade, but is also having a negative impact on global p...Reuters
Wed, May 14
Japan economic panel urges $400 billion investment to boost SME productivity
By Makiko Yamazaki TOKYO, May 14 (Reuters) - Japanese Prime Minister Shigeru Ishiba's economic advisory panel recommended investment of $400 billion to boost productivity at smaller firms, a crucial segment in the government's quest to achieve wage growth well in excess of inflation. The...Reuters
Wed, May 14
Euro zone yields edge down after hitting multi-week highs, await US data
Euro area bond yields edge down after hitting fresh highsMarkets await key U.S. data on ThursdayInvestors cautious about U.S.-China trade talksECB's Villeroy sees another rate cut by summerItalian-German yield spread below 100 bpsBy Stefano Rebaudo May 14 (Reuters) - Euro zone yields retr...Reuters
Wed, May 14
BREAKINGVIEWS-US Congress will be reluctant trade war spoiler
By Gabriel Rubin WASHINGTON, May 14 (Reuters Breakingviews) - Donald Trump may have temporarily paused his trade war with China and other countries. But the extreme economic uncertainty unleashed by the president’s tariffs still raises the question of what, if anything, can stop his assault on gl...Reuters
Wed, May 14
Fed's Goolsbee: Data still noisy as Fed waits to understand tariff impacts
WASHINGTON, May 14 (Reuters) - Data showing temperate consumer inflation in April doesn't necessarily reflect the impact of rising U.S. import tariffs, with the U.S. Federal Reserve still in need of more data to understand the direction of prices and the economy, Chicago Fed president Austan Goo...Reuters
Wed, May 14
ECB must learn to manage persistent uncertainty, Nagel says
MADRID, May 13 (Reuters) - Uncertainty is the new normal for central banking given U.S. policy volatility but the European Central Bank still looks set to get inflation back to its coveted 2% target, Bundesbank President Joachim Nagel said on Wednesday. The ECB has missed its target for more than a ...Reuters
Wed, May 14
Fed's Goolsbee: Some parts of April inflation represent lagged nature of data
In an interview with National Public Radio (NPR) on Wednesday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that some parts of the April inflation report represent the lagged nature of the data, adding that the Fed is still holding its breath.Fxstreet
Wed, May 14
China's April bank loans tumble to 280 billion yuan
BEIJING, May 14 (Reuters) - Chinese banks extended 280 billion yuan ($38.87 billion) in new yuan loans in April, below analysts' forecasts and plummeting from March's 3.64 trillion yuan, according to Reuters calculations based on data released by the People's Bank of China.In a poll by R...Reuters
Wed, May 14
Thai minister says U.S. trade pitch gets positive response
Thailand offers trade concessions to avoid U.S. tariffsProposal includes increased U.S. imports and cooperation in key sectorsMinister says U.S. Treasury Secretary has responded positively BANGKOK, May 14 (Reuters) - Thailand has told Washington it will crack down on transshipments through its po...Reuters
Wed, May 14
ECB's Nagel sees 'good probability' of converging towards 2% price target
MADRID, May 13 (Reuters) - European Central Bank policymaker Joachim Nagel said on Wednesday there was a "good probability" inflation would converge towards the around 2% inflation target, though he stopped short of indicating the future path of interest rates due to current uncertainty arou...Reuters
Wed, May 14
