News
Important Only
European car sales rise in March as EV gain offsets falling combustion engines
By Greta Rosen Fondahn and Alessandro Parodi April 24 (Reuters) - New car sales in Europe rose 2.8% in March, boosted by double digit jumps in Britain and Spain, as industry data on Thursday showed that an increase in registrations of electric vehicles in the month offset a fall in those of petro...Reuters
Thu, Apr 24
Vietnam starts trade talks with US as immense 46% tariffs loom, state media reports
HANOI, April 23 (Reuters) - Vietnam's trade minister spoke to U.S. Trade Representative Jamieson Greer by phone on Wednesday, state-run media reported, kicking off trade talks as whopping 46% U.S. tariffs loom, threatening growth in Southeast Asia's industrial hub.The U.S. has paused imposin...Reuters
Thu, Apr 24
USD/INR holds positive ground amid tensions over Kashmir
The Indian Rupee (INR) faces some selling pressure on Thursday as terrorist attacks in Kashmir, India, weighed on sentiment. Furthermore, rising crude oil prices undermine the Indian currency, as India is the world's third-largest oil consumer.Fxstreet
Thu, Apr 24
PRESS DIGEST-British Business - April 24
April 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- British Chancellor Rachel Reeves will review a tax loophole exploited by Chinese e-commerce firms like Shein and...Reuters
Thu, Apr 24
USD/CAD falls toward 1.3850 as Fed’s Beige Book suggests deteriorating economic conditions
USD/CAD edges lower around 1.3870 during Thursday's Asian session, after climbing roughly 0.50% in the previous day. The pair is under pressure as the US Dollar (USD) weakens following the Federal Reserve’s April Beige Book, which pointed to deteriorating economic conditions.
Fxstreet
Thu, Apr 24
Japanese Yen snaps two-day losing streak against USD amid reviving safe-haven demand
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Thursday and for now, seems to have stalled its retracement slide from a multi-month high touched earlier this week.Fxstreet
Thu, Apr 24
Malaysia will need to revise down growth forecast, central bank governor says
KUALA LUMPUR, April 24 (Reuters) - Malaysia will need to mark down its growth forecast of 4.5% to 5.5% for the year due to trade and tariff uncertainties, its central bank governor said. The Southeast Asian country is, however, in no rush to revise the forecast and will see how the global trade situ...Reuters
Thu, Apr 24
China's customs to no longer supervise veterinary drugs, medical devices
HONG KONG, April 24 (Reuters) - China's customs said on Thursday that they would no longer supervise goods and articles included in the management of drugs, veterinary drugs and medical devices.Items no longer under supervision as special items entering and leaving the country also include micro...Reuters
Thu, Apr 24
Australian Dollar holds ground, upside appears due to weakening US economic conditions
The Australian Dollar (AUD) remains steady on Thursday following two consecutive days of losses. The AUD/USD pair could see gains as the US Dollar (USD) faces pressure after the Federal Reserve's (Fed) Beige Book suggested weakening economic conditions.
Fxstreet
Thu, Apr 24
South Korea Q1 GDP unexpectedly contracts, reinforcing rate cut chances
Q1 GDP down 0.2% from previous quarter vs forecasts for 0.1% riseFirst GDP contraction since Q2 2024Weak data adds to case for more interest rate cutsQ1 exports decline 1.1% after growing 0.8% in Q4 By Cynthia Kim SEOUL, April 24 (Reuters) - South Korea's economy unexpectedly contracted in t...Reuters
Thu, Apr 24
China to allow more overseas investors to access the country
HONG KONG, April 24 (Reuters) - China's state regulator on Thursday published a new version of the market access negative list that further relaxes barriers to entry to the world's second-largest economy, according to state media CCTV.The number of items on the negative list by China's N...Reuters
Thu, Apr 24
Fed's Hammack: Time for Fed to be patient amid policy uncertainty
NEW YORK, April 23 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Wednesday big uncertainty over the outlook continues to argue for the Fed taking it slow on monetary policy to see how the economy performs. "This is not a good time to be pre-emptive&...Reuters
Thu, Apr 24
South Korea Q1 GDP unexpectedly contracts 0.2% q/q as exports cool
SEOUL, April 24 (Reuters) - South Korea's economy unexpectedly contracted in the first quarter as U.S. President Donald Trump's protectionist policies began to hit exports, advanced central bank estimates showed on Thursday. Gross domestic product (GDP) contracted 0.2% from a quarter earlier...Reuters
Wed, Apr 23
