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US holiday sales set for slowest growth since pandemic, Deloitte report forecasts
By Neil J Kanatt and Anshi Sancheti Sept 10 - U.S. holiday sales are projected to grow at their slowest pace since the pandemic, Deloitte said in a forecast released on Wednesday, as macroeconomic uncertainties weigh on consumer spending. WHY IT'S IMPORTANTHoliday shopping is a critical s...Reuters
49 minutes ago
PRESS DIGEST-British Business - September 10
Sept 10 (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 TimesAnglo American AAL.L and Teck Resources TECKb.TO merge to create $50 billion copper powerhouse, putting ...Reuters
2 hours ago
Russian drone incursions suspected into Poland, breaching NATO airspace – Reuters
Reuters reported early Wednesday that Poland placed its air defenses on high alert after Ukraine’s Air Force warned of a suspected Russian drone incursion into Polish airspace, breaching the North Atlantic Treaty Organization (NATO) airspace.Fxstreet
3 hours ago
US payrolls benchmark revision estimate suggests labor market weaker than previously thought
Revision estimate comes days after weak August nonfarm payrollsJob growth was stalling before Trump's tariffs, estimate showsBLS revision estimate linked to birth-death model problemsBy Lucia Mutikani WASHINGTON, Sept 9 (Reuters) - The U.S. economy likely created 911,000 fewer jobs in the 12 ...Reuters
4 hours ago
US-China tensions drive business confidence to new lows, survey says
Record low optimism in five-year China business outlookGeopolitics, domestic competition, economic slowdown are biggest challengesUS-China tariffs expected to impact 2025 revenue for 64% of firmsBy Casey Hall SHANGHAI, Sept 10 (Reuters) - Political tensions, fierce domestic competition and China&...Reuters
5 hours ago
US President Donald Trump urges EU to impose 100% tariffs on China, India to pressure Russia
US President Donald Trump has urged the European Union (EU) to impose 100% tariffs on Chinese and Indian goods in an effort to pressure Russian President Vladimir Putin, the Financial Times reported on Tuesday.Fxstreet
5 hours ago
When is the China CPI, and how could it impact AUD/USD?
The latest Chinese Consumer Price Index (CPI) inflation report for August is due early on Wednesday at 01:30 GMT. Headline Chinese CPI inflation is expected to contract, forecast to decline 0.2% YoY compared to the previous print of 0.0%.
Fxstreet
5 hours ago
JPMorgan CEO Jamie Dimon warns of a cloudy US economic outlook
Dimon warns tariffs and geopolitics impact not fully knownInterest rate cuts seen as immaterial to economyDimon expects more banking consolidation, rules out overseas bank purchaseBy Nupur Anand NEW YORK, Sept 9 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon is cautious about the U.S. economic ...Reuters
6 hours ago
Chile central bank holds interest rate at 4.75% as core inflation sticks
SANTIAGO, Sept 9 (Reuters) - Chile's central bank on Tuesday held its benchmark rate at 4.75% in a unanimous vote, in line with analysts' expectations, even as the monetary authority warned that higher-than-expected core inflation meant the economy must be closely monitored. In its Septem...Reuters
7 hours ago
Chile central bank holds interest rate at 4.75%
SANTIAGO, Sept 9 (Reuters) - Chile's central bank on Tuesday held its benchmark rate at 4.75% in a unanimous vote, in line with analysts' expectations.The decision comes after the central bank lowered the rate by 25 basis points at the end of July, its first cut of the year. The rate has com...Reuters
8 hours ago
US Supreme Court to decide legality of Trump's tariffs
Trade court said Trump exceeded powers with tariffs Administration called decision judicial overreach Trump cited longstanding trade deficit as an emergencyBy Andrew Chung Sept 9 (Reuters) - The U.S. Supreme Court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tari...Reuters
8 hours ago
Mexico seeks to impose tariffs on auto, manufacturing imports
By Ana Isabel Martinez and Adriana Barrera MEXICO CITY, Sept 9 (Reuters) - Mexico's government will propose a bill to impose import tariffs on some sectors, including automotives and manufacturing, in a bid to address trade imbalances, a top official said on Tuesday.The move would also bring ...Reuters
8 hours ago
Miran may not be at Fed's rate-setting table next week, lawmakers say
Logistics make timing 'challenging': Republican Senator LummisFed is expected to lower rates after meeting on Tuesday and WednesdayRepublican aide says Monday is earliest possibility for Senate confirmationBy Bo Erickson and Ann Saphir WASHINGTON, Sept 9 (Reuters) - Stephen Miran, Preside...Reuters
9 hours ago
