News
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China targets 2025 fiscal budget deficit at 4% of GDP
BEIJING, March 5 (Reuters) - China has set a target on the fiscal budget deficit at 4% of gross domestic product (GDP) this year, compared with a target of 3% of GDP for 2024, according to an official government report for review in parliament on Wednesday.Reuters
Wed, Mar 5
ANALYSIS-Starbucks's China comeback relies on right partner, brewing back the vibe
Starbucks grapples with intense deflationary pressures in ChinaFocus on experience, not price, key to regaining market shareStrategic partnerships could aid Starbucks' China turnaroundBy Casey Hall SHANGHAI, March 5 (Reuters) - As Starbucks tries to revive its faltering business in China, ana...Reuters
Wed, Mar 5
US commerce chief says Trump to meet Canada, Mexico in middle on tariffs
By Kanishka Singh and Jasper Ward WASHINGTON, March 4 (Reuters) - U.S. Commerce Secretary Howard Lutnick told Fox Business on Tuesday that President Donald Trump will reach a middle ground with Canada and Mexico on tariffs and an announcement to that effect was expected on Wednesday. WHY IT&#...Reuters
Tue, Mar 4
China's parliament meets to shield economy from US tariff salvos
China's National People's Congress begins on March 5Growth target expected at about 5%; debt, deficit to riseUS trade war risk to growth, deepens deflation worriesPressure on Beijing to bolster safety net, boost consumptionBy Kevin Yao BEIJING, March 5 (Reuters) - China's parliament b...Reuters
Tue, Mar 4
US small businesses cut jobs in February, Intuit data show
Smallest U.S. businesses shed 125,000 jobs in February, Intuit data showLeisure and hospitality sector sees largest job decline, indicating economic strainFederal Reserve notes risks to growth amid consumer spending dropBy Howard Schneider WASHINGTON, March 4 (Reuters) - The smallest U.S. busines...Reuters
Tue, Mar 4
Australia stands to lose if US tariffs on China trigger trade war, central bank says
SYDNEY, March 5 (Reuters) - Australia stands to lose if U.S. tariffs on China trigger a global trade war, a top central bank official warned on Wednesday, adding it was one factor that led to a reduction in domestic interest rates last month. In a speech in Sydney, Reserve Bank of Australi...Reuters
Tue, Mar 4
US Treasury Secretary Lutnick: Trump may roll back Canada and Mexico tariffs tomorrow
US Commerce Secretary Howard Lutnick, during a televised interview on Fox News, hinted that US President Donald Trump may be preparing to pivot on his own tariffs less than 48 hours after imposing them.Fxstreet
Tue, Mar 4
Venezuela's oil exports rose in Feb ahead of Chevron's license termination
China remained Venezuelan oil's largest market with 503,000 bpdChevron's exports fell to 252,000 bpd from 294,000 bpd in JanPDVSA expected to send more oil to China through intermediaries By Marianna Parraga March 4 (Reuters) - Venezuela's exports of crude and fuel rose in February to...Reuters
Tue, Mar 4
TREASURIES-Longer-dated U.S. yields reverse declines after German debt brake deal
Tariffs on Canada, Mexico, China impact $2.2 trillion tradeChina, Canada retaliate with tariffs on U.S. importsFed rate cut expectations rise amid economic growth concernsGerman deal includes 500 billion euro infrastructure fundBy Chuck Mikolajczak NEW YORK, March 4 (Reuters) - Longer-dated U...Reuters
Tue, Mar 4
Fed's Williams: Tariffs are inflation risk, rate policy in good place
Fed's Williams expecting some inflation impact from tariffsWilliams sees no reason to change rate policy for nowWilliams says still lots of uncertainty around tariff processBy Michael S. Derby NEW YORK, March 4 (Reuters) - Federal Reserve Bank of New York President John Williams said Tues...Reuters
Tue, Mar 4
