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PRESS DIGEST- New York Times business news - March 20
March 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- SoftBank Group 9984.T said it would acquire Ampere Computing, a U.S. chip startup founded by the former president of Intel INTC...Reuters
Thu, Mar 20
China's soybean imports from US jump 84% in first two months
By Ella Cao and Mei Mei Chu BEIJING, March 20 (Reuters) - China's soybean imports from the United States jumped 84.1% in the first two months of 2025 compared with a year ago, but competitive pricing and a trade standoff with the U.S. is expected to boost purchases from Brazil in the months a...Reuters
Thu, Mar 20
Trump says Fed would be better off cutting rates as tariffs 'transition' into economy
March 19 (Reuters) - U.S. President Donald Trump on Wednesday said the Federal Reserve would be better off cutting rates "as U.S. tariffs start to transition (ease!) their way into the economy", on the day the central bank kept rates unchanged. The Trump administration's initial poli...Reuters
Thu, Mar 20
China holds benchmark lending rates steady as expected
SHANGHAI, March 20 (Reuters) - China held benchmark lending rates steady for the fifth straight month in March on Thursday, matching market expectations.WHY IT'S IMPORTANTEarly signs of the economic recovery gaining some momentum and persistently narrowing profit margins for lenders have reduced...Reuters
Thu, Mar 20
Bank of England set to sit tight on rates as uncertainty mounts
LONDON, March 20 (Reuters) - The Bank of England looks set to keep interest rates on hold on Thursday as it awaits the impact on the economy of U.S. President Donald Trump's trade tariff onslaught and of the British government's imminent tax hike for employers.Reuters
Thu, Mar 20
Tariffs to delay inflation progress, too soon to gauge impact, Fed's Powell says
WASHINGTON, March 19 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Wednesday that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory, working through the eReuters
Thu, Mar 20
Bank of England set to sit tight on rates as uncertainty mounts
BoE expected to keep Bank Rate on hold at 4.5%Central bank has stressed it will move carefullyBig uncertainties ahead over US trade policyBoE also watching impact of UK tax hike for employersEconomists mostly expect 3 more cuts this yearBy William Schomberg LONDON, March 20 (Reuters) - The Bank o...Reuters
Thu, Mar 20
Turkish lira, stocks and bonds tumble after Istanbul mayor detained
Lira fell 2.6% after earlier falling 12.7% to a record lowStocks down near 9% in largest daily drop in four yearsAnalysts worry about effect on monetary policyBy Ezgi Erkoyun and Canan Sevgili ISTANBUL, March 19 (Reuters) - Turkey's lira tumbled to a record low of 42 per dollar before recoupi...Reuters
Wed, Mar 19
Brazil raises interest rates 100 bps, sees smaller hike ahead
By Marcela Ayres BRASILIA, March 19 (Reuters) - Brazil's central bank raised interest rates by 100 basis points on Wednesday for the third consecutive time, sticking to previous guidance, and signaled a smaller rate hike at its next policy meeting as it monitors signs of an economic slowdown....Reuters
Wed, Mar 19
