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China wants partnership with EU to counter US 'abuse', says envoy to Spain
China seeks to boost ties with Europe amid US tariffsAmbassador urges EU to lift export restrictions, EV dutiesCites Spanish PM's visit, market-prying deal as model for EU-China tradeBy David Latona MADRID, April 16 (Reuters) - China wants to deal with the European Union as a partner instead ...Reuters
Wed, Apr 16
Global economic growth could slow to 2.3% due to trade tensions, says UN trade agency
By Olivia Le Poidevin GENEVA, April 16 (Reuters) - Global economic growth could slow to 2.3% as trade tensions and uncertainty drive a recessionary trend, the UN Trade and Development (UNCTAD) agency said on Wednesday."Global growth is projected to slow to 2.3% in 2025, placing the world econ...Reuters
Wed, Apr 16
Singapore forms 'economic resilience' taskforce amid possible tariff-induced recession
By Jun Yuan Yong SINGAPORE, April 16 (Reuters) - Singapore's trade minister said on Wednesday that he cannot rule out a recession for the local economy this year following U.S. President Donald Trump's trade war, as he announced a taskforce to help businesses and workers address challen...Reuters
Wed, Apr 16
Global economic growth could slow to 2.3% due to trade tensions, says UN trade agency
GENEVA, April 16 (Reuters) - Global economic growth could slow to 2.3% as trade tensions and uncertainty drive a recessionary trend, the UN Trade and Development (UNCTAD) agency said on Wednesday."Global growth is projected to slow to 2.3% in 2025, placing the world economy on a recessionary pat...Reuters
Wed, Apr 16
Chinese factory bids to keep exporting fun amid US trade war
By Ellen Zhang and Kevin Krolicki GUANGZHOU, China, April 16 (Reuters) - Bin Zhang is in the business of fun, but his job has become less so because of U.S. President Donald Trump.Zhang, 36, whose company, iFun, has customers all over the world and gets orders ranging from $50,000 to $500,000 for...Reuters
Wed, Apr 16
Namibia holds key lending rate on global policy uncertainty
By Nyasha NyaungwaWINDHOEK, April 16 (Reuters) - Namibia's central bank held its main interest rate on Wednesday, citing heightened global policy uncertainty as it raised its inflation forecasts for this year and next.The decision to maintain the repo rate NACBIR=ECI at 6.75% followed four conse...Reuters
Wed, Apr 16
In a fog of uncertainty, Fed policy storm could be approaching
Tariff impacts may put Fed's employment, inflation mandates in conflictPolicymakers already sketching out various scenariosDebate marks U-turn from focus on 'soft landing' By Ann Saphir and Howard Schneider WASHINGTON, April 16 (Reuters) - U.S. Federal Reserve officials, in agreement ...Reuters
Wed, Apr 16
Bank of Canada likely to hold rates at 2.75%, but some expect a cut
By Promit Mukherjee OTTAWA, April 16 (Reuters) - The Bank of Canada is narrowly expected to hold its key policy rate at 2.75% on Wednesday as U.S. President Donald Trump's tariffs slowly trickle through the economy, hurting businesses and consumers. But for the first time in the ten month...Reuters
Wed, Apr 16
FACTBOX-The key promises of the main parties contesting Canada's election
By David Ljunggren OTTAWA, April 16 (Reuters) - Canada's general election will take place on April 28, with polls indicating a tight race between the ruling Liberals and the official opposition Conservatives. The candidates will participate in evening debates on Wednesday and Thursday. H...Reuters
Wed, Apr 16
EXPLAINER-What are the potential outcomes of Canada's general election?
By David Ljunggren OTTAWA, April 16 (Reuters) - Canada will hold a general election on April 28, with polls indicating a close race between Prime Minister Mark Carney's ruling Liberals and the official opposition Conservatives of Pierre Poilievre.There are 343 seats in the elected House of Co...Reuters
Wed, Apr 16
FACTBOX-Key facts about Canada's election on April 28
OTTAWA, April 16 (Reuters) - Canada will hold a general election on April 28, with polls indicating a close race between Prime Minister Mark Carney's ruling Liberals and the official opposition Conservatives of Pierre Poilievre. BASIC FACTS ABOUT THE ELECTIONThere are 28 million registered v...Reuters
Wed, Apr 16
Fed Chair Powell to deliver fresh economic view as tariffs inject uncertainty
Fed could face choice between fighting inflation and fighting rising unemployment Investors keen for any new hints on which way Powell may leanAmid ever-changing tariff policy, inflation expectations in particular focusBy Ann Saphir and Howard Schneider April 16 (Reuters) - With U.S. President Do...Reuters
Wed, Apr 16
India trade deficit with China widens to record $99.2 bln amid dumping concerns
By Manoj Kumar NEW DELHI, April 16 (Reuters) - India recorded a trade deficit of $99.2 billion with China in the 2024/25 fiscal year that ended in March, trade data showed, driven by a surge in imports of electronics goods and consumer durables.The data comes as U.S. President Donald Trump announ...Reuters
Wed, Apr 16
EUR/USD bounces back as investors doubt USD’s safe-haven appeal
EUR/USD recovers strongly to near 1.1390 during European trading hours on Wednesday after a slight correction on Tuesday. The major currency pair strengthens as the US Dollar (USD) resumes its downside journey after a short-lived recovery move.
Fxstreet
Wed, Apr 16
BoC set to leave interest rate unchanged amid rising inflation and US trade war
All the attention is expected to be on the Bank of Canada (BoC) this Wednesday, as market experts widely anticipate the central bank to maintain its interest rate at 2.75%, halting seven consecutive interest rate cuts.
Fxstreet
Wed, Apr 16
BOJ to cut growth forecast as US tariffs hit, sources say
BOJ to cut fiscal 2025 growth forecast in quarterly reportNo consensus within BOJ on extent of Trump tariff damageFocus on if BOJ maintains baseline view of moderate recoveryBOJ seen keeping policy steady at April 30-May 1 meetingBy Leika Kihara TOKYO, April 16 (Reuters) - The Bank of Japan is se...Reuters
Wed, Apr 16
