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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
Taiwan willing to buy more weapons, gas, agricultural goods, envoy to US says
April 23 (Reuters) - Taiwan is willing to buy more weapons, liquefied natural gas and agricultural products from American companies in order to reduce its $73 billion trade deficit with the United States, Taiwan's de facto ambassador to the U.S. said on Wednesday.In an interview with Fox News...Reuters
Wed, Apr 23
UK shoppers took fright at Trump tariffs, British Retail Consortium says
By David Milliken LONDON, April 24 (Reuters) - British shoppers took fright at the global financial market turmoil unleashed by U.S. President Donald Trump's tariff announcements earlier this month, according to a survey published on Thursday by the British Retail Consortium.The trade body sa...Reuters
Wed, Apr 23
Fed's Hammack sees more runway for balance sheet cuts
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that conditions still support ongoing reductions in the central bank's balance sheet. Hammack added that she believes some active management of market liquidity via Fed interventions is acceptable to her, per Reuters.Fxstreet
Wed, Apr 23
Columbia Banking to acquire Pacific Premier in a $2 billion deal
Merger helps Columbia's Western US expansionDeal values Pacific Premier at $20.83 per shareCombined entity to have $70 billion in assets By Pritam BiswasApril 23 (Reuters) - Columbia Banking System COLB.O will acquire Pacific Premier Bancorp PPBI.O in an all-stock deal for about $2 billion, the ...Reuters
Wed, Apr 23
Trump says 25% tariff on cars made in Canada could go up
April 23 (Reuters) - President Donald Trump on Wednesday said a 25 percent tariff imposed on cars imported from Canada to the United States could go up."When I put tariffs on Canada - they're paying 25 percent - but that could go up, in terms of cars," Trump told reporters in the Oval Of...Reuters
Wed, Apr 23
Germany could suffer 'slight' recession this year, Bundesbank's Nagel says
By Maria Martinez BERLIN, April 23 (Reuters) - The German economy could suffer "a slight recession" in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time.The German government has cut its economic forecast for th...Reuters
Wed, Apr 23
Discover Financial profit jumps on lower loss provision and higher interest income
April 23 (Reuters) - U.S. credit card issuer Discover Financial DFS.N reported a 30% rise in first-quarter profit on Wednesday, helped by a drop in the company's provision for credit losses and higher interest income. Interest rates on credit card debt are significantly higher than those on mort...Reuters
Wed, Apr 23
