News
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China's WM Motor to restart production after government-backed revival plan
By Che Pan and James PomfretBEIJING, Sept 6 (Reuters) - Chinese electric vehicle maker WM Motor said on Saturday it aimed to resume production and launch new models at its plant in the eastern city of Wenzhou after new owner Shenzhen Xiangfei Auto Sales Co. took over part of the struggling firm.The...Reuters
18 hours ago
Vietnam Aug exports keep strong, PM warns of mounting inflation pressure
By Khanh Vu HANOI, Sept 6 (Reuters) - Vietnam's exports in August rose 14.5% from a year earlier to $43.39 billion, government data showed on Saturday, the first trade figures since a tariff of 20% on shipments to the United States took effect during the month.Imports in the month rose 17.7% ...Reuters
19 hours ago
Trump's short list for Fed: Hassett, Warsh and Waller
Choices include current, former Fed governor and White House aideTrump pushes for significant rate cut as job market weakensTreasury secretary rules himself outBy Trevor Hunnicutt and Ann Saphir WASHINGTON, Sept 5 (Reuters) - U.S. President Donald Trump's short list of candidates to succeed J...Reuters
22 hours ago
ECB Rate Cut Cycle May Be Over with Possible Rate Hikes in H2 2026, A Bloomberg Survey Shows
TradingKey - A Bloomberg survey shows economists now expect no further cuts in 2025, and a significant chance of rate hikes in the second half of 2026. The eurozone’s August CPI came in above the European Central Bank’s (ECB) target, and the rebound in inflation — combined resilient economic data
TradingKey
23 hours ago
Nvidia says GAIN AI Act would restrict competition, likens it to AI Diffusion Rule
Sept 5 (Reuters) - Nvidia NVDA.O said on Friday the AI GAIN Act would restrict global competition for advanced chips, with similar effects on the U.S. leadership and economy as the AI Diffusion Rule, which put limits on the computing power countries could have.Short for Guaranteeing Access and Innov...Reuters
Fri, Sep 5
TREASURIES-US yields dive as markets bet big on Fed cuts after dismal jobs print
US economy creates just 22,000 jobs, yields tumbleUS two-year, 10-year yields fall to five-month lowUS 2/10 yield curve initially steepens after jobs dataUS rate futures start to price in small chance of 50-bp cutBy Gertrude Chavez-Dreyfuss NEW YORK, Sept 5 (Reuters) - U.S. Treasury yields slumpe...Reuters
Fri, Sep 5
Fed's Goolsbee remains undecided on September rate decision
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut.Fxstreet
Fri, Sep 5
WRAPUP 4-US unemployment rate near 4-year high as labor market hits stall speed
Nonfarm payrolls increase by 22,000 in AugustJuly payrolls revised up, but economy shed jobs in JuneUnemployment rate rises to 4.3% from 4.2% in JulyBy Lucia Mutikani WASHINGTON, Sept 5 (Reuters) - U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-yea...Reuters
Fri, Sep 5
ANALYSIS-US bond market may be too sanguine about underlying fiscal, inflation risks
Trump's pressure on Fed to lower interest rates could backfireSome market indicators suggest Fed independence is a concernBut bond market's immediate focus is on rate cutsBy Davide Barbuscia NEW YORK, Sept 5 (Reuters) - Some investors see potential cracks in the U.S. bond market and red f...Reuters
Fri, Sep 5
US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.Fxstreet
Fri, Sep 5
