President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
During her press conference, European Central Bank President Christine Lagarde outlined the ECB's decision to cut key interest rates by 25 basis points at the March policy meeting. She elaborated on the rationale behind the move, emphasizing its role in supporting economic stability. Lagarde also addressed questions from the media, providing insights into the ECB's outlook and future policy direction.ECB press conference key highlight. "Consumer confidence remains fragile"."Services are resilient"."Uncertainty is holding back investment"."Surveys suggest that employment growth is...
U.S. applications for unemployment benefits fell last week, returning to the stale level seen at the start of the year. Initial claims fell 21,000 to 221,000 in the week ended March 1. The median forecast in a Bloomberg survey of economists was for 233,000 applications.Continuing claims, a proxy for the number of people receiving benefits, rose to 1.9 million in the previous week, according to Labor Department data released Thursday. (Newsmaker) Source: Bloomberg
Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week. Bailey, speaking to British lawmakers, said he had addressed the importance of open trade at a meeting of Group of 20 central bankers and finance ministers last week in South Africa that was not attended by new U.S. Treasury Secretary Scott Bessent. "If you think the world economy is somehow out of balance, the place to address those balances is in a...
President Donald Trump will announce tariff changes for Canada and Mexico this afternoon as he considers lowering tariffs on sectors such as autos, Commerce Secretary Howard Lutnick told Bloomberg Television Wednesday morning. Trump is expected to make a decision on the issue this afternoon, Lutnick said, reiterating that the administration's tariff policy will be reevaluated on April 2 to cover larger imports and reciprocal levies. "There will be tariffs — let's be clear — but what he's thinking about is what parts of the market he might consider giving relief to by the time we get to, of...
In February, US private sector employment grew by just 77K, lower than the initial estimate of 140K, according to the latest Automatic Data Processing (ADP) report. It was also lower than January's 183K. (Newsmaker) Source: FXstreet
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...