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China's industrial profits extend decline as demand, deflation woes take toll
China industrial profits fall again in July, demand woes persistOvercapacity concerns weigh on businessesBeijing under pressure to offer more support to boost domestic demand BEIJING, Aug 27 (Reuters) - China's industrial profits fell for a third consecutive month in July, as businesses strug...Reuters
50 minutes ago
China's industrial profits fall 1.7% in January-July
BEIJING, Aug 27 (Reuters) - Profits at China's industrial firms dipped 1.7% in the first seven months of 2025 from the same period last year, official data showed on Wednesday.The drop followed a 1.8% decline in the first half, according to National Bureau of Statistics (NBS) data.Industrial pro...Reuters
3 hours ago
Boeing Defense puts talks with striking machinists on hold, union says
Boeing pauses talks with machinists union amid ongoing strikeBoeing says it has no timetable for resuming talksCongressional Labor Caucus urges Boeing to return to talks, says union members deserve "strong contract"By Dan Catchpole Aug 26 (Reuters) - Boeing Defense BA.N has put contract n...Reuters
3 hours ago
US President Donald Trump says he’s prepared for fight as Cook vows to sue — Bloomberg
US President Donald Trump said he was ready for a legal fight with Federal Reserve (Fed) Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents, Bloomberg reported late Tuesday.Fxstreet
3 hours ago
When is the Australian CPI inflation and how could it affect AUD/USD?
The Australian Bureau of Statistics (ABS) will publish its monthly Consumer Price Index (CPI) report for July on Wednesday at 01.30 GMT. The monthly CPI is expected to show an increase of 2.3% year-over-year (YoY) in July, compared to a 1.9% figure reported in June.Fxstreet
5 hours ago
China seeks a silver lining as it tells companies to target older consumers
Government has issued at least 20 statements this year on the silver economy Chinese aged 60-plus spending more than previous older generations Chinese aged 60-plus expected to number 400 million by 2035By Sophie Yu and Farah Master BEIJING/HONG KONG, Aug 27 (Reuters) - In the past few months, Wa...Reuters
5 hours ago
FACTBOX-Fed Governor Cook's mortgages: What's known and what's not
Aug 26 (Reuters) - U.S. President Donald Trump says he is removing Federal Reserve Governor Lisa Cook for "cause," citing what he said were "false statements" on two mortgages she took out in 2021, about a year before the Senate confirmed her appointment to the Fed.The thrust of Trum...Reuters
7 hours ago
Donald Trump announces he will have a "majority" on the Fed
United States (US) President Donald Trump stepped in it on Tuesday, declaring that there would soon be a majority of rate-cut voters on the Federal Reserve's (Fed) interest rate setting voting body, the Federal Open Market Committee (FOMC).Fxstreet
7 hours ago
BoC's Macklem reaffirms dropping inflation target amid trade policy uncertainty
Bank of Canada (BoC) Governor Tiff Macklem noted that the BoC will not be revisiting its 2% inflation targets for the foreseeable future, citing uncertainty around trade and ever-changing tariff policies from the United States (US).Fxstreet
9 hours ago
TREASURIES-Yield curve steepens as Trump attempts to fire Fed's Cook
Fed's Cook to file lawsuit to prevent being fired by TrumpYield curve steepens on concerns over Fed independence Strong demand for $69 billion two-year note auctionBy Karen Brettell NEW YORK, Aug 26 (Reuters) - The U.S. Treasury yield curve steepened on Tuesday as President Donald Trump’s att...Reuters
9 hours ago
Bessent says US tariff revenue could be well over $500 billion a year
Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.Bessent told a White House Cabinet meeting that...Reuters
10 hours ago
Forex Today: Australian inflation comes to the fore
The US Dollar (USD) reversed its prior gains and came under some modest downside pressure on Tuesday, as market participants shifted their attention to another bout of the Trump-Fed spat ahead of the release of key inflation data toward the end of the week.
Fed's Barkin says his forecast is for modest adjustment in rates, Bloomberg News reports
Aug 26 (Reuters) - Federal Reserve Bank of Richmond President Tom Barkin said his forecast is for a modest adjustment in interest rates given what he expects will be little variation in economic activity over the remainder of the year, Bloomberg News reported on Tuesday."I see modest movement in...Reuters
10 hours ago
WRAPUP 2-US business spending on equipment resilient; labor market confidence weakening
Nondefense capital goods orders excluding aircraft jump 1.1% in JulyThese so-called core capital goods shipments increase 0.7%Consumers' views of job availability weakest since 2021By Lucia Mutikani WASHINGTON, Aug 26 (Reuters) - New orders for key U.S.-manufactured capital goods increased mo...Reuters
11 hours ago
