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Spain defends closer trade ties with China after US warns against 'cutting own throat'
MADRID, April 9 (Reuters) - Spain will pursue closer trade ties with China in the interests of its citizens and of the EU, its agriculture minister Luis Planas said on Wednesday, rejecting a U.S. warning that moving closer to the Asian country would be "cutting your own throat"."We have ...Reuters
Wed, Apr 9
Stocks
U.S. homebuilders, mortgage lenders down as yields soar
** Shares of interest rate-sensitive homebuilders and mortgage lenders fall on Weds as yields surge** Benchmark U.S. Treasury 10-year yield US10YT=RR recently around 4.40% after hitting seven-week high on apparent large bond liquidations US/** Rising rates can boost mortgage rates, which can potenti...Reuters
Wed, Apr 9
Other
Playtech Receives All Regulatory Approvals For Snaitech Sale
April 9 (Reuters) - Playtech PLC PTEC.L:PLAYTECH PLC - RECEIVES ALL REGULATORY APPROVALS FOR SNAITECH SALEPLAYTECH PLC - SNAITECH SALE TO FLUTTER ENTERTAINMENT EXPECTED BY END OF APRIL 2025PLAYTECH PLC - TO RETURN €5.73 PER SHARE TO SHAREHOLDERS AS SPECIAL DIVIDENDPLAYTECH PLC - SPECIAL DIVIDEND EXP...Reuters
Wed, Apr 9
Stocks
AppLovin down after Jefferies cuts price target
** Shares of marketing platform AppLovin APP.O fall 4.8% to $224.97** Jefferies lowers PT to $450 from $600** Tariffs likely impact the e-commerce side of APP's business over mobile gaming, as many of the products are sourced internationally, Jefferies says** Higher pricing from tariffs increase...Reuters
Wed, Apr 9
Other
Activist Ancora drops U.S. Steel campaign after Trump orders review of Nippon Steel bid
Ancora owns about 1% of US Steel, had sought to oust CEOTrump move on CFIUS review raises hope for a deal with NipponUS Steel up 9% in last 5 days despite stock market carnageBy Svea Herbst-Bayliss and Rishabh Jaiswal April 9 (Reuters) - Investment firm Ancora Holdings on Wednesday walked awa...Reuters
Wed, Apr 9
Stocks
US healthcare REITs track healthcare sector declines amid looming tariff threat
** Shares of some U.S. healthcare REITs fall between 1% to 6%, tracking declines in major drugmakers after President Donald Trump reiterated plans for a "major" tariff on all pharmaceutical imports** Shares of Alexandria Real Estate Equities ARE.N down 5.4% at $72.83, Ventas VTR.N down 3.1% ...Reuters
Wed, Apr 9
Economic Indicator
Mexican Peso plunges, hits 9-week low amid escalation of US-China trade war
The Mexican Peso (MXN) extended its losses against the US Dollar (USD) as US-China tensions escalated after the US imposed further tariffs on Chinese imports, while the latter retaliated reciprocally. Volatility remains high and usually undermines risk appetite, sending the Peso lower.
Fxstreet
Wed, Apr 9
Forex
FOREX-US dollar weakens against safe-haven currencies in rattled markets
US Treasury selloff intensifies concerns over US assets Safe-havens in demand as US tariffs versus China take effectYen climbs, Swiss franc hits fresh high against dollarBy Stefano Rebaudo and Chibuike Oguh NEW YORK, April 9 (Reuters) - The U.S. dollar weakened against safe-haven currencies inclu...Reuters
Wed, Apr 9
Commodities
Iraq, US sign preliminary deal on projects including 24,000 MW of power plants
DUBAI, April 9 (Reuters) - Iraq and the United States signed on Wednesday a memorandum of understanding for projects in the Gulf country, including 24,000 megawatts of power plants, the Iraqi prime minister's media office said.Another MOU has been inked between Iraq's Ministry of Electricity...Reuters
Wed, Apr 9
Stocks
EMERGING MARKETS-Latam assets decline on trade tensions; Mexican peso touches 21/dollar mark
MSCI Latam stocks index down 1.3%, FX off 1.6%IMF reaches $20 billion staff-level agreement with ArgentinaBrazil retail sales rise 0.5% in February to hit recordMexico annual inflation accelerates in MarchBy Johann M Cherian April 9 (Reuters) - Most Latin American assets declined on Wednesday, wi...Reuters
Wed, Apr 9
Commodities
CORRECTED-Greer says Trump not trying to reinvigorate US-Russia trade by sparing Moscow tariffs
WASHINGTON, April 9 (Reuters) - U.S. Trade Representative Jamieson Greer told lawmakers on Wednesday that President Donald Trump was not trying to re-invigorate trade with Russia by sparing Russian goods from reciprocal or baseline tariffs, but it was up to Trump whether to impose any future duties...Reuters
Wed, Apr 9
Other
Republicans in US Congress sweat Trump tariffs' hit to retirees, a critical constituency
Congressional Republicans worry about tariffs' toll ahead of midterm electionsOlder voters crucial for Republican victoriesPoll shows older Americans support long-term benefits despite short-term painBy Bo Erickson and Richard Cowan WASHINGTON, April 9 (Reuters) - Republicans in Congress are ...Reuters
Wed, Apr 9
Other
US regional banks down as anxiety over trade war ramps up
** Shares of U.S. regional banks slide after investor anxiety shot up over tensions over tariff imposition** Regional banks such as Fifth Third Bancorp FITB.O, M&T Bank MTB.N, Keycorp KEY.N and Comerica CMA.N fall; Western Alliance WAL.N leads declines with a ~5% fall** The world's second l...Reuters
Wed, Apr 9
Economic Indicator
EXCLUSIVE-Fed's Musalem sees growth slipping below trend, higher inflation risk
Musalem sees US growth below 2% trend, not recessionHigher tariffs may risk more persistent inflation, Fed's Musalem warnsFed's balanced approach depends on inflation expectations staying anchoredBy Howard Schneider ST. LOUIS, April 9 (Reuters) - U.S. economic growth will likely slip "...Reuters
Wed, Apr 9
Commodities
COMMODITIES-Oil hits 4-year low, coffee and EU gas fall as trade war intensifies
Commodities hit by escalating US-China trade warOil dips below $60 a barrelRobusta and arabica coffee futures hit four-month lowsEuropean gas prices slideBy Naveen Thukral and Susanna Twidale SINGAPORE/LONDON April 9 (Reuters) - Oil prices fell to a four-year low and traded below $60 a barrel on ...Reuters
Wed, Apr 9
Other
US Pacific commander to advocate 'most strongly' for USAID to Pacific Islands
WASHINGTON, April 9 (Reuters) - The head of U.S. forces for the Indo-Pacific, Admiral Samuel Paparo, said on Wednesday he would be advocating "most strongly" for the continuation of USAID funding to the Pacific Islands region, where U.S. influence is being contested by China.Asked at a congr...Reuters
Wed, Apr 9
Other
Trump sued by Democrat he removed from US civil rights agency
April 9 (Reuters) - A Democratic former member of the federal agency that enforces U.S. laws banning workplace discrimination filed a lawsuit on Wednesday claiming her firing by President Donald Trump was illegal and seeking to be reinstated to her post.Jocelyn Samuels, one of two members of the Equ...Reuters
Wed, Apr 9
