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ECB cuts rates as tariffs to hits already weak growth
FRANKFURT, April 17 (Reuters) - The European Central Bank cut interest rates as expected on Thursday, easing for the seventh time in the past year as U.S. tariffs and faltering business confidence sap already weak economic growth. Arguing that inflation is well on its way to the 2% target, the c...Reuters
Thu, Apr 17
Fifth Third Bancorp reaffirms annual interest income forecast despite uncertainty
April 17 (Reuters) - Fifth Third Bancorp FITB.O reaffirmed the forecast for its annual net interest income growth on Thursday, as the lender banked on its ability to manage risks from the economic fallout of U.S. and China's escalating tariff war.Regional banks like Fifth Third rely primarily on...Reuters
Thu, Apr 17
Botswana holds main interest rate for fourth meeting in a row
By Brian BenzaGABORONE, April 17 (Reuters) - Botswana's central bank held its main lending rate at 1.90% on Thursday, citing balanced risks to the inflation outlook despite global economic uncertainty sparked by U.S. tariffs slapped on most countries.The Bank of Botswana maintained its monetary ...Reuters
Thu, Apr 17
Swiss March gold exports down 27% m/m as deliveries to US fall
LONDON, April 17 (Reuters) - Gold exports from Switzerland fell by 27% month on month in March as outflows to New York slowed down following a surge in transfers to the U.S. in previous months, Swiss customs data showed on Thursday.Switzerland is the world's biggest bullion refining and transit ...Reuters
Thu, Apr 17
D.R. Horton cuts 2025 revenue forecast on weak demand for homes
April 17 (Reuters) - U.S. homebuilder D.R. Horton DHI.N lowered its full-year revenue forecast and missed second-quarter profit and revenue estimates on Thursday due to weak demand for homes.Shares of the company fell 3.2% before the bell."The 2025 spring selling season started slower than expec...Reuters
Thu, Apr 17
Malaysia trade minister to head to U.S. next week for tariff talks
KUALA LUMPUR, April 17 (Reuters) - Malaysia's trade minister will travel to the United States on April 24 to meet the U.S. Trade Representative and other officials for talks about the U.S. tariffs imposed on the country, state media agency Bernama reported on Thursday. Trade Minister Te...Reuters
Thu, Apr 17
Top meme coin gainers FARTCOIN, AIDOGE, and MEW as Trump coins litmus test US SEC ethics
Cryptocurrencies have been moving in lockstep since Monday, largely reflecting sentiment across global markets as United States (US) President Donald Trump's tariffs and trade wars take on new shapes and forms each passing day.Fxstreet
Thu, Apr 17
Truist Q1 profit falls on weakness in investment banking and trading business
April 17 (Reuters) - Truist Financial TFC.N reported a fall in first-quarter profit on Thursday due to weakness in its investment banking and trading unit amid U.S. President Donald Trump's whiplash trade policies.Shifting expectations of global tariffs have triggered market turbulence and sharp...Reuters
Thu, Apr 17
POLL-Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=USFOMC%3DECI Fed rates poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=USGDPAAP U.S. economic poll dataReuters poll graphic on U.S. one-year recession probability: https://tmsnrt.rs/43WRWHXReuters poll...Reuters
Thu, Apr 17
Thai economic growth to see hit from US tariffs, central bank says
By Orathai Sriring and Kitiphong Thaichareon BANGKOK, April 17 (Reuters) - Thailand's economic growth will be hit by U.S. tariffs on its exports, although the impact on activity won't be as great as during the COVID-19 pandemic, a senior central bank official said on Thursday.The U.S. tar...Reuters
Thu, Apr 17
Pernod's sales miss forecasts as tariffs weigh on spirits sector
CEO also cites technical issues, Easter timing as issuesCompany facing unpredictable demand in U.S. marketPernod maintains guidance despite fluid environmentBy Emma Rumney LONDON, April 17 (Reuters) - Pernod Ricard PERP.PA reported a 3% decline in third-quarter sales on Thursday, missing forecast...Reuters
Thu, Apr 17
