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QUOTES-Trump unveils global reciprocal tariffs
April 2 (Reuters) - President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House.Following are highlights of Trump's remarks:* "In many cases, the friend is worse than the foe in terms of trade," Trump said.* "We subsidize a lot of countri...Reuters
Wed, Apr 2
Fed's Kugler says inflation progress may have stalled, backs steady rate policy
By Howard Schneider WASHINGTON, April 2 (Reuters) - Progress towards the U.S. central bank's 2% inflation target has slowed recently and may have stalled, Federal Reserve Governor Adriana Kugler said on Wednesday, a reason to keep interest rates where they are."Recent disinflation has bee...Reuters
Wed, Apr 2
CORRECTED-WRAPUP 8-Trump to appear at White House ceremony to announce new tariffs
Trump to announce new tariffs at White House ceremonyAuto tariffs to take effect April 3; auto parts on May 3New duties to stack on top of Trump's tariffs on cars, metals, Chinese goods By David Lawder and Andrea Shalal WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump is due to app...Reuters
Wed, Apr 2
TABLE-U.S. light-vehicle sales volume in Q1 2025
April 2 (Reuters) - The following are the U.S. light-vehicle Q1 2025 sales volumes: AUTOMAKER Q1 2025Q1 2024PCT CHNG1General Motors693,363594,23316.7%2Toyota Motor^570,269565,0980.9%3Ford Motor501,291508,083-1.3%4Honda Motor Co^^351,577333,8245.3%5Fiat Chrysler293,225332,540-11.8%6Nissan^^^267,085...Reuters
Wed, Apr 2
What to Watch in the Day Ahead - Thursday, April 3
A 25% tariff on auto imports, announced by U.S. President Donald Trump last week, is set to take effect. The tariff will apply to imported passenger vehicles and light trucks, as well as key auto components such as engines, transmissions, powertrain parts and electrical systems. A batch of economic ...Reuters
Wed, Apr 2
World Bank approves $1.08 billion loan for Nigeria
LAGOS, April 2 (Reuters) - The World Bank said on Wednesday it had approved a total of $1.08 billion in concessional financing for Nigeria to enhance education quality, build household and community resilience, and improve nutrition for underserved groups. The loan, initially designed to respond to ...Reuters
Wed, Apr 2
Trump tariffs won't derail fall in European inflation, ECB's Villeroy says
PARIS, April 2 (Reuters) - The U.S. administration's tariff hikes should not derail an ongoing decline in inflation in Europe, ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that the fall boosted the case for a fresh interest rate cut.Euro zone inflation eased last month, ...Reuters
Wed, Apr 2
US crude inventories rise as imports jump ahead of new tariffs, EIA says
By Liz Hampton and Georgina McCartneyNEW YORK, April 2 (Reuters) - U.S. crude oil stockpiles rose sharply last week as refinery utilization declined and imports rose and the market braced for new tariffs from the Trump administration, the Energy Information Administration said on Wednesday. Crude in...Reuters
Wed, Apr 2
US factory orders rise solidly in February
WASHINGTON, April 2 (Reuters) - New orders for U.S.-manufactured goods increased solidly in February, likely as businesses front-loaded orders ahead of tariffs.Factory orders rose 0.6% after an upwardly revised 1.8% rebound in January, the Commerce Department's Census Bureau said on Wednesday. E...Reuters
Wed, Apr 2
ECB's Holzmann: Rates are at neutral level, no reason to become accommodative
European Central Bank policymaker Robert Holzmann, who dissented to the ECB's decision to cut key rates by 25 basis points after the March meeting, argued on Wednesday that they don't need to become more accommodative, per Reuters.Fxstreet
Wed, Apr 2
WRAPUP 1-US private payrolls growth beats expectations in March
Private payrolls increase 155,000 in MarchJob gains spread across all sectors WASHINGTON, April 2 (Reuters) - U.S. private payrolls increased more than expected in March, but that did not change economists' views that the labor market was slowing against the backdrop of mounting economic unce...Reuters
Wed, Apr 2
Italy's government, businesses warn of heavy impact of U.S. tariffs
By Antonella Cinelli and Angelo Amante ROME, April 2 (Reuters) - Italy's Prime Minister Giorgia Meloni and its top business lobby warned on Wednesday that looming U.S. tariffs would have a major impact on the country's exports and already struggling economy.U.S. President Donald Trump is ...Reuters
Wed, Apr 2
Brazil's industrial output unexpectedly falls in February
SAO PAULO, April 2 (Reuters) - Brazil's industrial production unexpectedly fell in February from the previous month, official data showed on Wednesday, marking the fifth consecutive month without a positive reading as policymakers watch for signs of economic slowdown. Industrial output i...Reuters
Wed, Apr 2
US private payrolls accelerate in March
WASHINGTON, April 2 (Reuters) - U.S. private payrolls growth accelerated in March, the ADP National Employment Report showed on Wednesday.Private payrolls increased by 155,000 jobs last month after an upwardly revised 84,000 rise in February. Economists polled by Reuters had forecast private employm...Reuters
Wed, Apr 2
Putin lets Balchug Capital buy shares in Russian public companies from Goldman Sachs, decree says
MOSCOW, April 2 (Reuters) - Russian President Vladimir Putin authorised Russia's Balchug Capital to buy shares in a number of Russian public companies from Goldman Sachs [RIC:RIC:GSGSC.UL], according to a decree published on Wednesday on a Russian government website.Reuters
Wed, Apr 2
