In Today’s News

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BRICS tariff to be applied only if they adopt policies deemed ‘anti-American’, source says
WASHINGTON (Reuters) -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called “anti-American” policy actions, according to a source familiar with the matter.President Donald Trump said on Sunday tha …. Read More >>

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Fed paper says risk of falling back to near zero rates still in play
(Reuters) -The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point in coming years remains real despite current relatively high levels of short-term borrowing costs, a new paper published jointly between the New York and San Francisco Federa …. Read More >>

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Bondholders, bidders ready objections to Gold Reserve group’s Citgo bid
HOUSTON (Reuters) -Lawyers representing holders of a defaulted Venezuelan bond and some bidders that participated in a U.S. auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum are getting ready to object to the auction’s recommended outcome, three sources close to the preparations said. …. Read More >>

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Rubio to make first visit to Asia for ASEAN meeting
WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio will visit Malaysia later this week to attend a meeting of Southeast Asian Nations in his first trip to Asia as America’s top diplomat, the State Department said on Monday.Rubio will travel July 8-12 and take part in meetings in Kuala Lumpur with the 1 …. Read More >>

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BRICS tariff to be applied only if they adopt policies deemed ‘anti-American’, source says

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