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US' Bessent hails 'substantial progress' in trade talks with China
GENEVA, May 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday that there had been "substantial progress" in talks between his team and that of Chinese Vice Premier He Lifeng in Geneva on defusing a trade war between the world's two largest economies.Bessent said he woul...Reuters
Sun, May 11
Chinese passenger car sales rise for a third month in April
SHENZHEN, China, May 11 (Reuters) - China's car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment.Passenger vehicle sales totalled 1.78 million units last month and for the first...Reuters
Sun, May 11
China's car sales rise 14.8% in April
SHENZHEN, China, May 11 (Reuters) - China's car sales rose 14.8% in April from a year earlier, as government-subsidised auto trade-ins mitigate the impact of U.S. tariffs on consumer sentiment.Passenger vehicle sales totalled 1.78 million units last month and were up 8.2% at 6.97 million units i...Reuters
Sun, May 11
Trump hails China talks, says two sides negotiated 'total reset' in Geneva
Talks in Geneva aim to defuse trade war disrupting global economyExpectations were low for major breakthrough amid US-China distrustDiscussions to continue on SundayChina determined to defend international fairness, Xinhua saysBy John Revill, Emma Farge and David Brunnstrom GENEVA/WASHINGTON, May...Reuters
Sat, May 10
Trump says US and China negotiated 'total reset' in Geneva talks
WASHINGTON, May 10 (Reuters) - U.S. President Donald Trump hailed talks with China in Switzerland on Saturday, saying the two sides had negotiated "a total reset ... in a friendly, but constructive, manner." "A very good meeting today with China, in Switzerland. Many things discuss...Reuters
Sat, May 10
China's factory-gate deflation deepens as trade war bites
Producer prices post steepest drop in six monthsDeflationary pressure may worsen as exports weaken, analyst saysCPI slips 0.1% in April, matching forecasts BEIJING, May 10 (Reuters) - China's factory-gate prices posted the steepest drop in six months in April while consumer prices fell for a ...Reuters
Sat, May 10
RPT-China's consumer prices fall for third straight month in April
BEIJING, May 10 (Reuters) - China's consumer prices fell for the third month in a row in April while producer deflation worsened, as policymakers navigate the economic impact of a trade war with the United States.The consumer price index edged down 0.1% last month from a year earlier, matching a...Reuters
Sat, May 10
Fed's Cook warns tariffs could lower productivity, feed inflation
By Howard SchneiderPALO ALTO, May 9 (Reuters) - President Donald Trump's unfolding trade policy may curb U.S. productivity and possibly require higher interest rates to contain inflation in a less efficient economy, Federal Reserve governor Lisa Cook said on Friday. "I expect to see a drag o...Reuters
Fri, May 9
Fed's Musalem: Should not commit to rate cuts until tariff impact becomes certain
Tariff impact on inflation may be short-lived, but could persistCommitting too early to rate cuts could be more costly for economyRate cuts still appropriate if inflation proves temporary, expectations anchoredBy Howard SchneiderPALO ALTO, May 9 (Reuters) - The Fed should not commit to further inter...Reuters
Fri, May 9
US Treasury secretary urges Congress to raise debt limit by mid-July
By David Morgan May 9 (Reuters) - U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government's debt limit by mid-July to avoid a default that would upend global markets.Bessent told congressional leaders that they needed to extend the U.S. government's ...Reuters
Fri, May 9
Ex Fed's Warsh highlights a path to lower rates, takes a fresh dig at the Fed
Warsh says Fed would sacrifice the labor market to fight inflationWarsh is seen as a front-runner to be the next Fed ChairRemarks made at Hoover Institution, linked to Bush-Reagan RepublicanismBy Ann Saphir and Howard Schneider Palo Alto, California May 9 (Reuters) - Kevin Warsh, an apparent fron...Reuters
Fri, May 9
Trump: The US will keep tariffs despite reaching trading deals
US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.Fxstreet
Fri, May 9
EXCLUSIVE-Fed’s Hammack wants clear data before moving on rates, not much data by June
Hammack makes her first remarks since Fed's rate decision this weekNot a lot of data to provide clarity by next meeting: HammackToo early to know effects of tariffs, other policiesBy Howard Schneider and Ann SaphirPALO ALTO, California, May 9 (Reuters) - The Federal Reserve needs more time to se...Reuters
Fri, May 9
US consumer watchdog to scrap scores of financial oversight policies issued since 2011
By Douglas Gillison May 9 (Reuters) - The U.S. Consumer Financial Protection Bureau issued a list on Friday of nearly 70 policy and regulatory guidance documents stretching back more than a decade that the agency plans to rescind.The announcement, which was not final, was the latest step in the a...Reuters
Fri, May 9
