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Canadian housing starts post surprise decline in March
TORONTO, April 15 (Reuters) - Canadian housing starts declined 3.3% in March compared with the previous month, data from the national housing agency showed on Tuesday.The seasonally adjusted annualized rate of housing starts fell to 214,155 units from a revised 221,405 units in February, the Canadia...Reuters
Tue, Apr 15
RPT-BREAKINGVIEWS-Small countries sit at nexus of tariff trade-offs
By Antony CurrieMELBOURNE, April 15 (Reuters Breakingviews) - Among the many absurdities of Donald Trump's global trade war is the inclusion of Singapore and Australia on his naughty list. The U.S. President slapped the 10% baseline tariff, which will apply to nearly all countries, on both with ...Reuters
Tue, Apr 15
Irish pharma exports to U.S. surge to 10.5 billion euros amid tariff threat
Hike suggests U.S. drugmakers may be stockpiling pharma and medical productsCSO says export of medicines to US jumps to 10.5 bln euros in February from 1.9 bln a year before DUBLIN, April 15 (Reuters) - Irish exports of pharmaceutical and medical products to the U.S. surged by more than 450% year...Reuters
Tue, Apr 15
HUF: S&P’s downgrades exerts additional pressure – Commerzbank
Last week after business hours on Friday, Standard & Poor’s issued a downgrade of outlook on Hungary’s sovereign debt from stable to negative. S&P already rates the issuer at 'BBB-/A-3', the lowest within investment grade, which highlights the significance of a negative outlook from here.
Global electric vehicle sales up 29% in March, researchers find
March EV sales in China up 36%, Europe up 24%Trump's stance towards electrification, lower pressure to sell EVs weighs on US salesTariffs to affect US EV prices, salesSome Tesla models to face price hikes in ChinaBy Alessandro Parodi April 15 (Reuters) - Global sales of electric and plug-in h...Reuters
Tue, Apr 15
GBP/JPY trades higher to near 189.00 on upbeat UK employment data
The GBP/JPY pair rises to near 189.00 in Tuesday’s European session. The pair moves higher as the Pound Sterling (GBP) strengthens after the release of the upbeat United Kingdom (UK) employment data for three months ending February.
Fxstreet
Tue, Apr 15
India to pursue trade liberalisation with US, official says
NEW DELHI, April 15 (Reuters) - India has decided to pursue a path of trade liberalisation with the United States, India's trade secretary said on Tuesday, with the two countries signing the terms of reference for the first part of a bilateral trade deal.India and the U.S. agreed in February to ...Reuters
Tue, Apr 15
China says it is 'tearing down walls' to expand trade alliances amid US standoff
China's Xi is on a regional diplomatic drive to consolidate trade tiesBeijing's top officials call for deeper supply chain cooperation with partnersChinese foreign ministry says China to "shake hands", not "shake fists" BEIJING, April 15 (Reuters) - China is "tearing d...Reuters
Tue, Apr 15
No concessions from Trump on China – Commerzbank
Where Trump is not willing to make concessions or give in, however, is on China. Here, the motto 'always more than you' seems to apply. The tariff spiral is in full swing, there are only a few exceptions, Commerzbank's FX analyst Antje Praefcke notes.Fxstreet
Tue, Apr 15
Trump’s trade tactics erode global trust – Commerzbank
Obviously, there is a learning curve for the US president when he continues to backpedal on tariffs. But the damage is done, trust is destroyed. Trump may call all these actions “dealmaking”, but in my view he underestimates two things, Commerzbank's FX analyst Antje Praefcke notes.Fxstreet
Tue, Apr 15
