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Macroeconomics

China EV price deal needs be as effective as tariffs, says EU official

BRUSSELS (Reuters) - Any agreement reached with Chinese producers on minimum prices for electric vehicles would need to be as effective and enforceable as the EU tariffs that were...

US Factory Orders decline less than expected, showing modest recovery

The US economy has witnessed a slight improvement as the latest data on Factory Orders shows a less-than-anticipated decrease. The actual figure recorded a drop of 0.5%, which is...

Pakistan central bank cuts rates by record 250 bp, beating expectations

By Ariba Shahid KARACHI (Reuters) - Pakistan's central bank cut its key policy rate by a record 250 basis points to 15% on Monday, exceeding expectations, as the country bid to...

Despite sharp decline, inflation remains a sore point for Harris

By Howard Schneider WASHINGTON (Reuters) - For six months or so in 2021, as vaccines paved an economic reopening from the COVID-19 pandemic and fresh waves of federal benefits...

Fed seen cutting rates by 25 basis points - WSJ's Timiraos

- The Federal Reserve is expected to cut interest rates by 25 basis points at its next policy meeting, according to The Wall Street Journal's Nick Timiraos. The Fed,...

China's lawmakers review bill to raise local government debt ceilings

BEIJING (Reuters) - Chinese lawmakers reviewed a cabinet bill that would raise ceilings on local government debt to replace existing hidden debt as the standing committee of...

Trump's tariffs would reorder trade flows, raise costs, draw retaliation

By David Lawder WASHINGTON (Reuters) - Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes...

Take Five: Only one show in town

(Reuters) -Voters in the United States are heading to the polls on Tuesday to pick their next president in a too-close-to-call election pitching Republican Donald Trump against...

Euro zone investor morale slightly up, but 'turnaround looks different'

BERLIN (Reuters) - Investor morale in the euro zone rose for a second consecutive month in November, though by slightly less than expected, as somewhat greater satisfaction with...

Can Milei defuse Argentina's economic time bomb?

By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's libertarian president, Javier Milei, a political outsider who won election last year brandishing a chainsaw as a blunt symbol...

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