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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
Wed, Apr 23
Fed's Goolsbee: increase in productivity growth appears to be technology-driven
April 23 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Wednesday said he believes the U.S. economy may be at the start of a technology-driven boom in productivity growth with potentially big implications for workers seeking to move from lower-income to higher-income jobs."...Reuters
Wed, Apr 23
IMF says tariff pressures to push global public debt past pandemic levels
IMF sees global public debt at nearly 100% of GDP by 2030Steeper US tariffs, retaliation could push debt to World War Two levels-IMFDebt growth concentrated in larger economies, trade-dependent countries vulnerable By David Lawder WASHINGTON, April 23 (Reuters) - Economic pressures from steep ...Reuters
Wed, Apr 23
Street View: Capital One's strong earnings show resilient consumer spending
** Capital One Financial COF.N reported a rise in first-quarter profit on Tuesday, helped by a higher income from interest payments on its credit card debt** Shares of the consumer lender up 3.1% at $175.47 in premarket trading** Last week, U.S. banking regulators approved Capital One's $35.3 bl...Reuters
Wed, Apr 23
EU exports to US surge by 22.4% in February
April 23 (Reuters) - European Union exports to the United States increased by 22.4% in February compared to the previous year, Eurostat data showed on Wednesday, marking the highest exports growth rate in 13 months and totalling 51.8 billion euros.Meanwhile, imports from the U.S. rose by 2.4% year-o...Reuters
Wed, Apr 23
ECB's Nagel: World economy is in very delicate situation
In an interview with Bloomberg on Tuesday, European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel noted that the world economy is in a very delicate situation and said that they need to have a better understanding of how to find compromises on tariffs.
Fxstreet
Wed, Apr 23
US Dollar recovery attempt short-lived after Trump’s softening stance on China, Powell
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat near 99.20 at the time of writing on Wednesday after an earlier attempt to test the 100.00 big figure in early Asian trading.Fxstreet
Wed, Apr 23
World Bank cuts India's growth forecast amid global uncertainties
NEW DELHI, April 23 (Reuters) - The World Bank cut its economic growth forecast for India on Wednesday, citing increased uncertainty in the global economy that will dim prospects for most South Asian nations.The World Bank lowered its forecast for India by 0.4 percentage points to 6.3% for the fisca...Reuters
Wed, Apr 23
Portugal asks EU to activate fiscal leeway for defence spending
LISBON, April 23 (Reuters) - Portugal will ask the European Commission to activate the so-called fiscal escape clause to allow for higher defence spending worth up to 1.5% of gross domestic product, the finance ministry said on Wednesday, one of the first member states to do so.European countries ar...Reuters
Wed, Apr 23
European business growth stalls in April, PMIs show
By Jonathan Cable LONDON, April 23 (Reuters) - European business growth has stalled this month, surveys showed on Wednesday, with erratic U.S. trade policy appearing to take a heavy toll on sentiment - though not yet on output itself.Activity in the euro zone's and Britain's dominant serv...Reuters
Wed, Apr 23
Gold price falls further as Trump softens tone on Powell
Gold price (XAU/USD) is facing profit-taking pressure and nosedives on Wednesday towards $3,300 at the time of writing. The profit taking picked up on comments from United States (US) President Donald Trump, who did a 180-degree turn on his stance on China and the Federal Reserve (Fed).
Fxstreet
Wed, Apr 23
