News
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IMF keeps its 2025 GDP growth forecast for Greece at 2.1%
ATHENS, April 7 (Reuters) - The International Monetary Fund has kept its forecast for Greece's economic growth this year at 2.1%, citing in a report published on Monday the country's rising investments and solid private consumption.The IMF said that near-term economic outlook remains favoura...Reuters
Mon, Apr 7
Trump adviser Navarro dismisses Musk as 'car assembler' after tariff comments
Navarro criticizes Musk's call for zero tariffs with EuropeMusk advocates for free trade zone between US and EuropeTesla's reliance on foreign parts contrasts with Trump's reshoring pushNavarro labels Musk a 'car assembler' due to foreign parts relianceS&P 500 down over 20% f...Reuters
Mon, Apr 7
WH Economic Adviser Hassett: Trump is considering a 90-day pause in tariffs for all except China
Kevin Hassett, Director of the US National Economic Council (NEC), told CNBC on Monday that US President Donald Trump is considering a 90-day pause in tariffs for all countries except China, as reported by Reuters.Fxstreet
Mon, Apr 7
EU needs to lower non-tariff barriers, including VAT, White House trade adviser says
WASHINGTON, April 7 (Reuters) - The European Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower U.S. tariffs imposed by President Donald Trump, White House trade adviser Peter Navarro said on Monday. Navarro told CN...Reuters
Mon, Apr 7
TREASURIES-Yields rebound from earlier lows, but mixed on the day
Treasury yields rebound, 10-year yields higher on dayTwo-year yields earlier reach lowest since September 2022Tariff uncertainty expected to keep market volatileBy Karen Brettell NEW YORK, April 7 (Reuters) - U.S. Treasury yields rebounded from earlier lows on Monday when two-year yields hit thei...Reuters
Mon, Apr 7
USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms
The USD/CAD pair rises to near 1.4260 during North American trading hours on Monday. The Loonie pair gains as the Canadian Dollar (CAD) faces selling pressure amid growing expectations that the Bank of Canada (BoC) could continue reducing interest rates this year.
Fxstreet
Mon, Apr 7
EU's Sefcovic says US tariffs hitting 380 billion euros' worth of its exports
LUXEMBOURG, April 7 (Reuters) - The range of U.S. tariffs decided last week by President Donald Trump is hitting 380 billion euros ($416.21 billion) worth of EU exports to the United States, EU trade commissioner Maros Sefcovic told reporters on Monday.He added the European Commission had worked a l...Reuters
Mon, Apr 7
Trump adviser Navarro dismisses Musk as 'car assembler' after tariff comments
WASHINGTON, April 7 (Reuters) - Peter Navarro, President Donald Trump's top trade adviser, on Monday dismissed tech-billionaire Elon Musk's push for "zero tariffs" between the United States and Europe, calling the Tesla CEO a "car assembler" reliant on parts from other countr...Reuters
Mon, Apr 7
Chile central bank says keeping rate unchanged was only option amid global uncertainty, minutes show
SANTIAGO, April 7 (Reuters) - Chile's central bank said on Monday that the only plausible option at its March meeting was keeping the benchmark interest rate on hold at 5% due to risks facing the inflationary outlook.The meeting minutes said that global economic uncertainty has greatly increased...Reuters
Mon, Apr 7
Japan PMI Ishiba: Will continue to push US to review tariff policies
Japanese Prime Minister (PM) Shigeru Ishiba said on Monday that the told United States (US) President Donald Trump in a video meeting that Japan has made the biggest investment in the US for five straight years, per Reuters.Fxstreet
Mon, Apr 7
Germany faces third possible year of contraction amid US tariffs, analysts say
By Maria Martinez BERLIN, April 7 (Reuters) - The tariffs announced by the United States will deal a major blow to the German economy, delaying a recovery and possibly putting Europe's biggest economy on track for a third year of recession for the first time in history, analysts said. Germany...Reuters
Mon, Apr 7
Kenya thinks it can win from U.S. tariffs, but global recession risk looms
Kenya says tariffs differential with competitors a boostGlobal recession fears could hurt overall trade Kenya's high business costs also dampen prospectsBy Duncan Miriri NAIROBI, April 7 (Reuters) - Kenya is among those exporters hoping a smaller Trump tariff blow vis-a-vis competitors might ...Reuters
Mon, Apr 7
Bank of Israel keeps interest rates steady after Gaza conflict resumes
JERUSALEM, April 7 (Reuters) - The Bank of Israel left short-term interest rates unchanged for a 10th straight meeting on Monday, staying cautious as the conflict between Israel and Palestinian Islamist group Hamas in Gaza has resumed after a brief pause in the fighting.The central bank left its ben...Reuters
Mon, Apr 7
Chile central bank says keeping rate unchanged was only option amid global uncertainty, minutes show
SANTIAGO, April 7 (Reuters) - Chile's central bank said on Monday that the only plausible option at its March meeting was keeping the benchmark interest rate on hold at 5% due to risks facing the inflationary outlook.The meeting minutes said that global economic uncertainty has greatly increased...Reuters
Mon, Apr 7
WH Economic Adviser Hasset: Trump will listen to trading partners if they offer really great deals
In an interview with Fox News on Monday, Kevin Hassett, Director of the US National Economic Council (NEC), said that US President Donald Trump is doubling down on something he knows works and added that Trump will listen to trading partners if they offer "really great deals," per Reuters.Fxstreet
Mon, Apr 7
RPT-BREAKINGVIEWS-Vietnam faces some very dark days ahead
By Una Galani HONG KONG, April 7 (Reuters Breakingviews) - Within days of launching a global trade war, Donald Trump boasted his counterpart in Vietnam was ready to reduce tariffs to zero. But if officials from Hanoi visiting the United States this week are unable to secure a delay or substantial...Reuters
Mon, Apr 7
France signs deals to help Egypt's economy in volatile regional climate
PARIS, April 7 (Reuters) - France and Egypt signed strategic partnership agreements on Monday, in areas covering health, transport and energy, which French President Emmanuel Macron said would help shore up Egypt's stability amid volatility in the region."Egypt is a strategic partner for our...Reuters
Mon, Apr 7
