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Syrian leader heads to France in first European trip
Ahmed al-Sharaa makes first to Europe since fall of AssadFrance cut ties with Assad in 2012 and never renewed themSharaa to lobby France over crippling EU, US sanctions By John IrishPARIS, May 7 (Reuters) - Syrian President Ahmed al-Sharaa will visit Paris on Wednesday, his first trip to Europe sinc...Reuters
Wed, May 7
China c.bank cuts 7-day reverse repo rate, effective May 8
BEIJING, May 7 (Reuters) - China's central bank said on Wednesday it would lower the borrowing cost of its seven-day reverse repurchase agreements, as Beijing stepped up monetary easing to support the broad economy in the face of intensifying trade tensions with the United States. The People'...Reuters
Wed, May 7
PBOC Governor Pan announces LPR 10 bps cut, RRR 50 bps cut and 7-day RR cut to 1.4%
Following a meeting with the People's Bank of China (PBOC), China Securities Regulatory Commission, National Financial Regulatory Authority, the Chinese central bank Governor Pan Gosheng announces interest rates cuts.
China central bank will cut banks' reserve requirement ratio, governor says
By Kevin Yao and Joe Cash BEIJING, May 7 (Reuters) - China's central bank governor said on Wednesday the bank will cut the amount of cash that banks must hold as reserves by 50 basis points, the first reduction in 2025 as policymakers seek to boost liquidity and prop up economic growth amid a...Reuters
Wed, May 7
AUD/USD rises above 0.6500 following domestic data, US-China trade talks eyed
The AUD/USD pair continues its upward momentum for the fourth consecutive session, hovering around the 0.6510 mark during Wednesday’s Asian trading hours. The Australian Dollar (AUD) finds support from releasing domestic mid-tier economic data and improving global trade sentiment.Fxstreet
Wed, May 7
China central bank governor says will cut banks' reserve requirement ratio
BEIJING, May 7 (Reuters) - China's central bank governor said on Wednesday the bank would cut the amount of cash that banks must hold as reserves by 50 basis points, the first reduction in 2025 as policymakers seek to support the economy amid a protracted trade war with the United States.The Peo...Reuters
Wed, May 7
Japan's service sector activity rebounds in April, PMI shows
TOKYO, May 7 (Reuters) - Japan's service sector activity returned to growth in April after stagnating the previous month, helped by improved orders, a stark contrast to continued weakness in manufacturing, a business survey showed on Wednesday.The final au Jibun Bank Japan Services purchasing ma...Reuters
Wed, May 7
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.
Fxstreet
Tue, May 6
Carney stresses Canada will never be for sale in first meeting with Trump
Carney, Trump show little animosity in Oval Office meetingCarney says leaders' lunch was constructiveCanada is second-largest US trading partner after MexicoCarney says he asked Trump to stop referring to Canada as the 51st stateBy David Ljunggren and Steve Holland WASHINGTON, May 6 (Reuters)...Reuters
Tue, May 6
TREASURIES-Prices rise after solid US 10-year note auction
US Treasury's 10-year note auction shows solid demandMore supply comes with $25 billion in 30-year bonds on ThursdayFed seen keeping interest rates on hold Wednesday 10-year Treasury yield touches highest since April 23 By Gertrude Chavez-Dreyfuss and Alden Bentley NEW YORK, May 6 (Reuters) -...Reuters
Tue, May 6
