News
Important Only
Hilton raises 2025 profit outlook as hotel operator banks on international travel
April 29 (Reuters) - Hotel operator Hilton Worldwide HLT.N liftd its forecast for 2025 profit, banking on international travel demand as domestic travel in the U.S. slows down amid fears of an economic recession. The McLean, Virginia-based company now expected full-year adjusted profit to be in ...Reuters
Tue, Apr 29
In a vise of slowing demand and rising costs, small businesses are signaling trouble ahead
Small businesses face rising costs and slowing demand amid trade warUncertainty over tariffs drags on consumer and business confidenceSmall businesses show early signs of economic distress, experts warnBy Howard Schneider, Ann Saphir WASHINGTON, April 29 (Reuters) - Tree trimming season runs 365 ...Reuters
Tue, Apr 29
EUR/USD ticks lower despite uncertainty over US-China trade
EUR/USD edges lower to near 1.1400 during European trading hours on Tuesday. The major currency pair ticks lower as the US Dollar (USD) steadies, but remains broadly on edge amid escalating uncertainty about the trade outlook between the United States (US) and China.Fxstreet
Tue, Apr 29
Gold consolidates as tariff fears start to fade
Gold price (XAU/USD) is entering a consolidation phase and is trading in a more narrow range day by day, currently trading around $3,315 at the time of writing on Tuesday. The consolidation comes as traders and markets tweak their positioning in the precious metal ahead of a possible announcement...
Fxstreet
Tue, Apr 29
EXPLAINER-Will Africa's financial stability fund rise to the debt challenge?
By Duncan Miriri NAIROBI, April 29 (Reuters) - Angola will use its chairmanship of the African Union this year to advance the creation of a continental financial stability mechanism, its finance minister said, to cushion economies from sliding into a liquidity crisis due to external debt repaymen...Reuters
Tue, Apr 29
USD: A few days of key data ahead – ING
The US Dollar’s underwhelming start of the week served as a reminder that even if the worst of the confidence crisis on the dollar’s reserve value may be past us, markets remain very much minded to link the greenback’s faith with US economic performance.Fxstreet
Tue, Apr 29
India queries Apple, Xiaomi in e-commerce probe of Amazon, Flipkart, sources say
Amazon, Flipkart face growing scrutiny in IndiaInvestigation progressing just as US-India near trade dealIndian agency has sought sales data from players like AppleSmall traders say e-commerce companies hurt their businessBy Aditya Kalra NEW DELHI, April 29 (Reuters) - India's financial crime...Reuters
Tue, Apr 29
Stagflation fears rise as US manufacturing slumps – Commerzbank
The Dallas Fed's Manufacturing Activity Indicator delivered more bad news yesterday. At roughly -36, it was almost 19 points worse than expected. New orders plummeted significantly, while prices paid rose significantly. No wonder that the US dollar came under pressure again yesterday.Fxstreet
Tue, Apr 29
Swedbank quarterly profit beats forecast despite tariff gloom
Swedbank Q1 results better than expectedReversed loan losses contributed to beatTariff war dampened mood in home marketsBy Johan Ahlander STOCKHOLM, April 29 (Reuters) - Swedish banking group Swedbank SWEDa.ST reported better than expected first-quarter net profit on Tuesday, driven by lower loan...Reuters
Tue, Apr 29
