News
Important Only
Rheinmetall CEO sees rapid increase in NATO countries' spending
DUESSELDORF, Germany, May 8 (Reuters) - The CEO of German arms maker Rheinmetall RHMG.DE expects a rapid increase in NATO defence spending, he said on Thursday, after meeting with the head of the alliance.During the meeting last week, NATO chief Mark Rutte told him that member nations should increas...Reuters
Thu, May 8
Mexico's inflation meets expectations in April ahead of rate decision
May 8 (Reuters) - Mexico's annual inflation rate came in line with market expectations in April, official data showed on Thursday, accelerating from the previous month but still within the central bank's target range.That should allow the Bank of Mexico to keep lowering borrowing costs in La...Reuters
Thu, May 8
Euro zone bonds little changed after BoE, UK yields rise
May 8 (Reuters) - Euro zone government bond yields edged a touch higher on Thursday, roughly unchanged after the Bank of England after cut rates and suggested it needed to adjust policy gradually.UK gilt yields rose, with the policy-rate sensitive 2-year GB2YT=RR up 7 basis points (bps) at 3.88%...
Reuters
Thu, May 8
US worker productivity declines in first quarter
WASHINGTON, May 8 (Reuters) - U.S. worker productivity dropped in the first quarter for the first time in nearly three years, resulting in a surge in labor costs that could squeeze margins for businesses at a time when they are facing rising costs from tariffs.Nonfarm productivity, which measures ho...Reuters
Thu, May 8
JPMorgan's $200 million Angola margin call reveals Africa's new debt pains
JPMorgan demanded additional security on $1 bln loan to AngolaAfrican nations increasingly turning to unorthodox financingAngola's debt repayments eating into its development budgetSenegal and Gabon have also opted for 'off screen' deals By Duncan Miriri and Miguel Gomes NAIROBI/LUAND...Reuters
Thu, May 8
US: Initial Jobless Claims dropped to 228K last week
US citizens filing new applications for unemployment insurance decreased to 228K for the week ending May 3, as reported by the US Department of Labor (DOL) on Thursday. This print came in just below initial estimates and was lower than the previous week's unrevised tally of 241K.Fxstreet
Thu, May 8
EUR/GBP slumps to near 0.8470 as Pound Sterling strengthens after BoE’s policy decision
The EUR/GBP pair slides to near 0.8470 during early North American hours on Thursday as the Pound Sterling (GBP) attracts significant bids after the Bank of England (BoE) announces its monetary policy.
Fxstreet
Thu, May 8
EU plans potential countermeasures on up to €95 billion of US goods
The European Commission announced on Thursday that it plans to introduce countermeasures on up to 95 billion Euros ($107.2 billion) of US imports, if negotiations with Washington were to fail to eliminate tariffs applied by US President Donald Trump, per Reuters.Fxstreet
Thu, May 8
QUOTES-Bank of England policymakers speak after rate cut
LONDON, May 8 (Reuters) - The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth. Here's what Bank of England officials ...Reuters
Thu, May 8
