News
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EXCLUSIVE-TSMC could face $1 billion or more fine from US probe, sources say
TSMC made chips for China's Sophgo that matched Huawei'sTSMC may have violated export control regulations in filling orders-sourcesCompanies can be fined up to twice the value of transactions for prohibited conductIt is unclear how and when the matter may be resolved By Karen Freifeld Apr...Reuters
Wed, Apr 9
India central bank set to cut rates a second time as US tariffs add to risks
By Swati Bhat MUMBAI, April 9 (Reuters) - India's central bank is set to cut rates for a second time on Wednesday as risks to growth rise in the aftermath of U.S. import tariffs, with investors closely monitoring its commentary and a potential change in stance for future policy clues.U.S. Pre...Reuters
Wed, Apr 9
Japan's Kato says will not sell US Treasury holdings just from standpoint of US-Japan relations
Japan’s Finance Minister Shunichi Kato said early Wednesday that there is no preset standard on what is the appropriate size of Japan’s foreign reserves, adding that Japan will not sell US Treasury holdings just from the standpoint of US-Japan relations.Fxstreet
Wed, Apr 9
BoJ’s Ueda: Uncertainties have increased domestically and internationally
Bank of Japan Governor Kazuo Ueda said early Wednesday that the uncertainty surrounding both domestic and overseas economies is increasing due to US tariffs. Ueda further stated that the Japanese central bank will closely monitor developments.Fxstreet
Wed, Apr 9
Yield curve steepest since 2022, supply weighs on long end
April 8 (Reuters) - The U.S. Treasury yield curve reached its steepest level since February 2022 on Tuesday as longer-dated yields jumped on supply concerns, with some holders of the debt also seen as likely being forced to sell due to recent market volatility.Reuters
Wed, Apr 9
US tariffs, China slowdown cloud developing Asia's growth outlook, says ADB
MANILA, April 9 (Reuters) - The full implementation of U.S. tariffs could cut developing Asia's growth by about a third of a percentage point this year and nearly a full percentage point in 2026, the Asian Development Bank said on Wednesday.In its Asian Development Outlook report, the ADB projec...Reuters
Wed, Apr 9
Goldman Sachs sees downside risk to current 4.5% GDP forecast for China
BEIJING, April 9 (Reuters) - Continued tariff escalation between the United States and China presents a downside risk to a 2025 full-year real GDP forecast of 4.5% for China, Goldman Sachs said in a note. Goldman said an escalating tariff spat between two of the largest economies in the world also p...Reuters
Tue, Apr 8
USD/CAD weakens to near 1.4250, FOMC Minutes in focus
The USD/CAD pair edges lower to around 1.4255 during the late American session on Tuesday. The Canadian Dollar (CAD) strengthens against the Greenback as investors weigh the prospect of negotiations globally over US trade tariffs. The FOMC Minutes will be in the spotlight later on Wednesday.
Fxstreet
Tue, Apr 8
Trump optimistic after call about tariffs with South Korea
South Korea's trade minister travels to US for talksSouth Korea, Japan are key US allies, but face tariffs White House prioritizing allies in tariff talks, adviser saysShipbuilding, energy deals potential areas of focusBy Susan Heavey, Jihoon Lee and Ju-min Park WASHINGTON/SEOUL, April 8 (Reu...Reuters
Tue, Apr 8
RBNZ set for another interest rate cut amid trade tariff uncertainty
The Reserve Bank of New Zealand (RBNZ) is on track to deliver a 25 basis point (bps) cut to the Official Cash Rate (OCR), bringing down the key policy rate from 3.75% to 3.50% following its April monetary policy meeting on Wednesday.
Fxstreet
Tue, Apr 8
Trump says US taking in $2 billion a day from tariffs
WASHINGTON, April 8 (Reuters) - U.S. President Donald Trump said on Tuesday the United States is taking in $2 billion per day from tariffs.He made the comment without providing details during an event at the White House. Trump has imposed an array of tariffs on other countries since taking office in...Reuters
Tue, Apr 8
Brazil sees no need to announce tariff measures for now, minister says
BRASILIA, April 8 (Reuters) - Brazil's Finance Minister Fernando Haddad said on Tuesday now is not the time for Latin America's largest economy to announce any measures in response to trade tariffs imposed by the U.S."The moment is not one for announcing measures," he said at an even...Reuters
Tue, Apr 8
Trump says US taking in $2 billion a day from tariffs
WASHINGTON, April 8 (Reuters) - U.S. President Donald Trump said on Tuesday the United States is taking in $2 billion per day from tariffs.He made the comment without providing details during an event at the White House. Trump has imposed an array of tariffs on other countries since taking office in...Reuters
Tue, Apr 8
Fitch Says US Tariffs Have Mixed Fiscal Impact, Will Not Solve Underlying Challenges
April 8 (Reuters) - Fitch:FITCH: STABILIZING US DEBT/GDP TO BE CHALLENGING AS LONG AS LONG-TERM SPENDING PRESSURES REMAIN UNADDRESSEDFITCH: SHARPER ECONOMIC SLOWDOWN IN US WOULD SIGNIFICANTLY WEIGH ON NON-TARIFF REVS, INCREASE SPENDING VIA AUTOMATIC STABILIZERSFITCH: BELIEVE TARIFFS SIGNIFICANTLY RA...Reuters
Tue, Apr 8
Trump trade rep sees no change on tariff tactics, says some business pain is necessary
Trump won't grant near-term tariff exemptions, Greer saysUSTR working quickly on trade barrier talks, no set timelineSenators from both parties vent frustrations over Trump tariffsSome supply chain adjustment pain necessary, Greer saysBy Bo Erickson and David Lawder WASHINGTON, April 8 (Reute...Reuters
Tue, Apr 8
Fed's Daly sees time to tread slowly, carefully on policy
April 8 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Tuesday became the latest U.S. central banker to say there's no rush to cut interest rates, what with the economy and the labor market still solid and a lot still unclear about the size and scope of U.S. President Dona...Reuters
Tue, Apr 8
Fed's Goolsbee: Tariffs are way bigger than anticipated
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Tuesday that US tariffs, which were far larger than most market watchers anticipated, poses a real risk to US importers who have very few fallback options.Fxstreet
Tue, Apr 8
