‘Déjà Vu’ Jolts Traders Across Markets on Trump Tariff Redux (26.11.2024)
Nick Twidale spilled a flat white coffee on his keyboard when headlines on Donald Trump‘s latest tariff threats caused his phone to blow up with calls.
Trump Tests Xi’s Appetite to Play Ball With Early Tariff Threat (26.11.2024)
Donald Trump fired an opening shot in his tariff battle with Beijing by promising an additional 10% levy on Chinese goods. The question that now confronts President Xi Jinping is how much more is coming.
US Fed Can Consider Interest Rate Cut in December, Kashkari Says (26.11.2024)
Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting.
ECB’s Guindos Says More Rate Cuts to Come If Forecasts Hold (26.11.2024)
European Central Bank Vice President Luis de Guindos said more reductions in interest rates are on the way if policymakers’ forecasts for inflation hold.
EU Proposes to Sanction Chinese Firms Aiding Russian War Effort (25.11.2024)
The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine.
Dollar Rallies, Stocks Drop on Trump Tariff Threat: Markets Wrap (25.11.2024)
The dollar rallied and shares dropped after President-elect Donald Trump said the US will impose additional tariffs on China, Mexico and Canada, ratcheting up concerns about his “America First” policies.
Trump Roils Markets With Tariff Threat on China, Mexico, Canada (26.11.2024)
President-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico, roiling markets with his first specific threat to curb global trade flows since his election win.
Europe Risks Losing More Jobs Over Energy Costs, ABB CEO Warns (26.11.2024)
Europe risks losing investments and industrial jobs to countries including the US if the region fails to cut red tape and energy costs, said ABB Ltd. Chief Executive Officer Morten Wierod.
ECB Must Not Cut Interest Rates Too Quickly, Nagel Says (25.11.2024)
Inflation that’s headed toward the European Central Bank’s target will allow for more interest-rate cuts, but officials mustn’t rush, Governing Council member Joachim Nagel said.
EU Sees Little Progress on Deal With China to Avoid EV Tariffs (25.11.2024)
The European Union has only seen limited progress in recent weeks in negotiations with China over a comprehensive deal to replace tariffs on electric vehicles, according to people familiar with the matter.
EV Battery Maker Calls for Cheaper EU Energy to Counter China (25.11.2024)
The South Korean owner of the European Union’s largest factory of electric-vehicle batteries called on the bloc to reduce energy costs and grow the strategic industry amid stiff competition from China.
Thyssenkrupp to Cut 11,000 Jobs at Struggling Steel Unit (25.11.2024)
Thyssenkrupp AG’s steel unit plans to reduce its labor force by about 40% this decade, a move that would shrink a business that’s lost billions of euros to a global steel glut and rising energy prices.
US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts (23.11.2024)
Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders.
Bessent at Treasury May Give China Breathing Room Over Tariffs (25.11.2024)
President-elect Donald Trump’s pick of Scott Bessent as Treasury secretary may give Beijing room to negotiate with the US over their trade tensions, in part due to his moderate stance on tariffs.
Fed’s Williams Says ‘Not Quite There Yet’ on Cooling Prices (21.11.2024)
Federal Reserve Bank of New York President John Williams said that while prices have come down in a still-solid economy, there’s still room to go for inflation to come into the Fed’s 2% target.
Goldman Sees Slower Pace of Asia Rate Cuts on US Tariff Risks (25.11.2024)
Asia’s central banks will proceed cautiously with further policy easing given strength in the greenback and the risk of Trump administration tariffs, according to Goldman Sachs Group Inc.
Lane Says ECB Rate Shouldn’t Remain Restrictive for Too Long (25.11.2024)
The European Central Bank should be able to reduce interest rates to a level where they no longer restrict the economy in 2025, according to Chief Economist Philip Lane.
Chinese Exports to Hit Record This Year Before Second Trump Term (24.11.2024)
Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.
Apple CEO Tim Cook Returns to China as Beijing Meets With Foreign CEOs (25.11.2024)
Apple Inc. Chief Executive Officer Tim Cook is visiting China for at least the third time this year, showing up at a suppliers’ conference on the same day a top Beijing official convened an important meeting with a group of foreign CEOs.
China Keeps Policy Loan Rate Unchanged for Second Month (25.11.2024)
China’s central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up monetary stimulus.
German Business Outlook Stays Subdued After Government Falls (25.11.2024)
Germany’s business outlook slid in November, remaining subdued due to the collapse of the government and the threat of trade tariffs following Donald Trump’s re-election as US president.
Trump Trade Muddles Inflation Outlook in Fed’s Favorite Gauge (25.11.2024)
A stock-market rally boosted by President-elect Donald Trump’s victory is set to put upward pressure on the Federal Reserve’s preferred inflation gauge, which in turn could keep interest rates elevated.
Stadt-Land-Gefälle, aber FPÖ überall im Plus (25.11.2024)
Die FPÖ hat bei der steirischen Landtagswahl am Sonntag sowohl in den Landgemeinden als auch im städtischen Gebiet klar gewonnen. Allerdings fielen die Ergebnisse in den Städten etwas schwächer aus als im ländlichen Raum, wie von APA, ORF und Foresight ausgewertete Daten zeigen.
NATO’s Rutte Meets Trump in Florida Amid Fears Over Ukraine Aid (23.11.2024)
NATO Secretary General Mark Rutte met President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.