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ECB's Makhlouf warns uncertainty will persist even if trade war passes
DUBLIN, May 13 (Reuters) - Uncertainty in the global economy is likely to persist even if a global trade war proves short-lived, European Central Bank governing council member Gabriel Makhlouf said in a speech on Tuesday."Even if a full-blown trade war turns out to be short-lived, the uncertaint...Reuters
Tue, May 13
ECB’s Makhlouf: Uncertainty is weighing on investment
European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Tuesday that “uncertainty is weighing on investment; soft data pointing to a significant cooling in business and consumer sentiment.”
Fxstreet
Tue, May 13
U.S. April CPI Report Incoming – A Major Test of Trump’s Tariff Impact
TradingKey – At 8:30 a.m. ET on Monday, May 13, the U.S. will release its April Consumer Price Index (CPI) report, widely seen as the first key indicator to reflect the inflationary impact of President Trump’s new tariffs and the escalating trade war.TradingKey
Tue, May 13
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
ndian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 94.38, with the EUR/INR pair rising from its previous close at 94.11.Fxstreet
Tue, May 13
UK Unemployment Rate ticks up to 4.5% in the quarter to March, as expected
The United Kingdom’s (UK) ILO Unemployment Rate edged higher to 4.5% in the three months to March after reporting 4.4% in the quarter to February, data published by the Office for National Statistics (ONS) showed on Tuesday. The market forecast was for a 4.5% reading in the reported period.
Fxstreet
Tue, May 13
Goldman Sachs cuts US recession odds to 35% from 45% on trade truce optimism
May 13 (Reuters) - Goldman Sachs cut its recession forecast for the U.S. to 35% from 45%, the first major brokerage to do so, after a temporary tariff truce with China boosted hopes of some easing in the global trade war. On Monday, the U.S. and China announced an agreement to significantly red...Reuters
Tue, May 13
Thailand has sent trade proposal to the U.S., PM says
BANGKOK, May 13 (Reuters) - Thailand has sent a trade proposal to the United States, Prime Minister Paetongtarn Shinwatara said on Tuesday, as the government seeks negotiations to reduce steep U.S. tariffs. Thailand is among the Southeast Asian nations hardest hit by U.S. President Donald Tru...Reuters
Tue, May 13
EBRD trims growth forecast again as tariffs and wars loom
By Libby George LONDON, May 13 (Reuters) - Tariffs, wars and economic worries in powerhouse economies such as Germany and China led the European Bank for Reconstruction and Development (EBRD) to cut its economic growth forecasts for the fourth straight time, the lender said on Tuesday.In the repo...Reuters
Tue, May 13
PRESS DIGEST- New York Times business news - May 13
May 13 (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.- The Federal Railroad Administration has brought in Elon Musk's Boring Company to see if the tunneling firm can help with the $...Reuters
Tue, May 13
PRESS DIGEST-British Business - May 13
May 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Bank of England rate-setter Megan Greene has said that U.S. President Trump's tariffs will put downward press...Reuters
Tue, May 13
China’s Presi. Xi: Tariff and trade wars produce no winners
Speaking at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday, Chinese President Xi Jinping said that “tariff and trade wars produce no winners.”
Fxstreet
Tue, May 13
