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FACTBOX-Biggest US retail collapses in recent years as Saks Global files for bankruptcy
Jan 14 (Reuters) - Saks Global filed for bankruptcy late on Tuesday, adding to a long list of high-profile retail collapses in the United States in the past decade as they struggled to stay alive amid cut-throat competition from big-box and online retailers. Saks Global is a conglomerate of d...Reuters
Wed, Jan 14
China posts record $1.189 trillion trade surplus in 2025
BEIJING, Jan 14 (Reuters) - China posted a record $1.189 trillion trade surplus in 2025, as producers brace for three more years of a Trump administration set on slowing the production powerhouse by shifting U.S. orders to other markets.Full-year outbound shipments were up 5.5%, while imports were f...Reuters
Wed, Jan 14
GBP/USD declines below 1.3450 ahead of US Retail Sales, PPI releases
The GBP/USD pair trades in negative territory around 1.3425 during the Asian trading hours on Wednesday, pressured by renewed US Dollar (USD) demand. Traders brace for the US Retail Sales and Producer Price Index (PPI) data later on Wednesday.
Fxstreet
Wed, Jan 14
China's 2025 yuan-denominated exports grow 6.1%, imports up 0.5%
BEIJING, Jan 14 (Reuters) - China's 2025 yuan-denominated exports grew 6.1% year-on-year, while imports were up 0.5%, state broadcaster CCTV said on Wednesday.The country's two-way trade value for the full year was up 3.8% at a record 45.47 trillion yuan ($6.52 trillion), CCTV said, citing c...Reuters
Wed, Jan 14
Fed’s Barkin: Inflation above target but not accelerating
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin said on Wednesday that countries that safeguard monetary policy autonomy tend to achieve better economic outcomes, as political pressure on the US Federal Reserve remains in focus.Fxstreet
Tue, Jan 13
Fed's Barkin calls December inflation data encouraging
Barkin: CPI data encouraging, unemployment not out of controlFed cut rates by 75 basis points last year, signaled it may pause to assess economyFed has 'some time' to decide because policy acts with a lagBy David LawderWASHINGTON, Jan 13 (Reuters) - Richmond Federal Reserve President Tom Bar...Reuters
Tue, Jan 13
Fed's Barkin says central bank independence means better economic outcomes
Jan 13 (Reuters) - Richmond Federal Reserve President Tom Barkin on Tuesday declined to comment on "stuff that's been in the news," a reference to the Trump administration's threat of indictment against Fed Chair Jerome Powell that the Fed chief has called out as intimidation aimed a...Reuters
Tue, Jan 13
US posts record $145 billion December deficit as outlays outpace receipts
December customs receipts dip to $27.9 billion from $30-billion-a-month range U.S. Treasury says after calendar adjustments, December deficit would have fallenOutlays, receipts reach records for first three months of fiscal 2026By David LawderWASHINGTON, Jan 13 (Reuters) - The U.S. government posted...Reuters
Tue, Jan 13
TREASURIES-US yields fall after inflation data matches expectations
CPI rose 0.3% in December, matching expectationsFed rate cut expectations remain largely unchangedMusalem says no reason near-term for further rate cutsBy Chuck Mikolajczak NEW YORK, Jan 13 (Reuters) - U.S. Treasury yields declined on Tuesday, after a reading on inflation for December came in as ...Reuters
Tue, Jan 13
What to Watch in the Day Ahead - Wednesday, January 14
Bank of America is expected to post higher fourth-quarter profit, lifted by strong trading as market volatility prompted clients to rejig portfolios. Separately, Wells Fargo is also expected to report a higher fourth-quarter profit. Investors will watch out for management's commentary on the U.S...Reuters
Tue, Jan 13
US natgas output to hit record high in 2026, while demand declines, EIA says
By Scott DiSavinoNEW YORK, Jan 13 (Reuters) - U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday.EIA projected dry gas production will rise from a record 107.4 billion cubi...Reuters
Tue, Jan 13
