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Campari rules out major price hikes in US to offset tariffs
July 31 (Reuters) - Campari CPRI.MI executives say in post-results call:CAMPARI CEO SAYS GROUP HAD TO FORGO ONE RETAILER IN GERMANY TO HOLD THE LINE ON PRICINGCAMPARI CEO: WE WILL UPDATE ON OUR STRATEGIC PRIORITIES IN NOVEMBERCAMPARI CFO: NOT THINKING ABOUT INCREASING PRICES IN A MEANINGFUL MANNER T...Reuters
Thu, Jul 31
US appeals court scrutinizes Trump's use of tariffs as trade deadline looms
Judges question invocation of sanctions law IEEPA for tariffsTariffs challenged by states, businesses as unconstitutionalTrump administration says deficits, drugs justify tariffsBy Jan Wolfe, Dietrich Knauth and Luc Cohen WASHINGTON, July 31 (Reuters) - U.S. appeals court judges sharply questione...Reuters
Thu, Jul 31
TREASURIES-US yields dip as investors eye payrolls data
Powell signals no rate cut in September, focusing on inflation controlFedWatch shows reduced rate cut expectations, 40% chance of easing in SeptemberInvestors await nonfarm payrolls data, jobless claims suggest stable labor marketThursday's US data backs Fed's cautious stance on rate cutsBy ...Reuters
Thu, Jul 31
Markets price in 50% chance of ECB rate cut in 2025 after Fed
By Alun John and Stefano Rebaudo LONDON, July 31 (Reuters) - Money markets pared back their bets on European Central Bank rate cuts on Thursday, now pricing in just a 50% chance of an additional 25-basis-point easing move by the end of the year. Markets had on Wednesday seen a 58% chance of ...Reuters
Thu, Jul 31
US President Trump: Will talk to Mexico over next 90 days to sign a trade deal
After speaking to Mexican President Claudia Sheinbaum on the phone on Thursday, United States (US) President Donald Trump said that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper.
Fxstreet
Thu, Jul 31
Judge sides with Trump again in fight over fired Copyright Office head
By Blake Brittain July 31 (Reuters) - In a preliminary win for the White House, a federal judge in Washington declined for the second time to reinstate U.S. Copyright Office director Shira Perlmutter as she challenges President Donald Trump's decision to fire her in May.U.S. District Judge Ti...Reuters
Thu, Jul 31
Brazil jobless rate falls to record low, beats forecasts
SAO PAULO, July 31 (Reuters) - Brazil's jobless rate came in below market expectations in the three months through June, reaching the lowest level for the current data series which started in 2012, reinforcing the job market's resilience amid tight monetary policy. Unemployment in ...Reuters
Thu, Jul 31
Romania cuts EU-funded recovery funds package to 21.6 billion euros
Romania initially had 28.5 billion euros available in RRF fundsGovernment will tap the entire grant component worth 13.57 billion eurosRRF funds, conditional on reforms, must be tapped by mid-2026 BUCHAREST, July 31 (Reuters) - Romania will be able to draw roughly 21.6 billion euros ($24.65 billi...Reuters
Thu, Jul 31
Price hikes may soon bite as firms sell off pre-tariff inventory, says global business group
Businesses shipped more goods to US ahead of tariffsCompanies are holding about 4 months of inventoryBig stockpiles have helped delay price hikesPrice hikes may be felt beyond U.S. LONDON, July 31 (Reuters) - Tariff-related price hikes may start to bite at the end of the third quarter as companie...Reuters
Thu, Jul 31
Southern Co beats quarterly profit estimates, raises five-year capital plan
July 31 (Reuters) - Utility Southern Co SO.N on Thursday increased its five-year capital expenditure plan by $13 billion to $76 billion to meet growing energy needs in the U.S., after beating Wall Street estimates for second-quarter profit.With power demand rapidly increasing across the country, uti...Reuters
Thu, Jul 31
German inflation falls further to 1.8% in July
Bigger than expected decline in inflationCore inflation remains unchanged at 2.7%Energy prices fall year-on-year, food prices riseBy Maria Martinez BERLIN, July 31 (Reuters) - German inflation fell slightly more than expected to 1.8% year- on-year in July, preliminary data from the federal statis...Reuters
Thu, Jul 31
US labor costs rise slightly above expectations in second quarter
WASHINGTON, July 31 (Reuters) - U.S. labor costs increased slightly more than expected in the second quarter amid a pick-up in wage growth even as labor market conditions are easing.The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.9% in the last quarter, matching the adva...Reuters
Thu, Jul 31
US Treasury chief says he expects Fed chair announcement by year's end
WASHINGTON, July 31 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday he is pulling together a list of potential candidates to lead the U.S. Federal Reserve and that he expects an announcement by the end of the year."We are putting together a very good list of candidates" to...Reuters
Thu, Jul 31
