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Procter & Gamble to cut 7,000 jobs, exit brands as consumer uncertainty weighs
By Aishwarya Venugopal and Jessica DiNapoli June 5 (Reuters) - Procter & Gamble PG.N will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by U.S. tariffs that have roiled numerous consumer companies.The world&...
Thu, Jun 5
RPT-COLUMN-Franc leading Swiss back to deflation vortex, asset stockpiling: Mike Dolan
By Mike Dolan LONDON, June 5 (Reuters) - The supercharged Swiss franc is sucking Switzerland back into a deflationary vortex that its central bank will once again struggle to escape, possibly recycling a fresh wave of financial flows back out across the world.The Swiss franc, long perceived as a ...
Thu, Jun 5
Central banks on track for 4th year of massive gold purchases, Metals Focus says
LONDON, June 5 (Reuters) - Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said.
Thu, Jun 5
China commerce ministry to join govt crackdown on intense auto competition
BEIJING, June 5 (Reuters) - China's commerce ministry said on Thursday that it would collaborate with other government departments to step up rectification of the excessive competition in the auto market.The ministry will strengthen compliance guidance to ensure fair market competition and promo...
Thu, Jun 5
LIVE MARKETS-Before the bell: awaiting the ECB, and NATO meeting
European shares were set for a muted start on Thursday ahead of an almost-certain rate cut by the European Central Bank, and a NATO meeting, where defence ministers are due to discuss Donald Trump’s demand for significant increases in spending.
Thu, Jun 5
Japan's 30-year bonds rise as weak auction adds to pressure to curtail issuance
TOKYO, June 5 (Reuters) - Japan's 30-year government bond prices rose after the weakest auction of the securities in more than a year added to pressure on the Ministry of Finance to reduce supply of super-long notes.
Thu, Jun 5
Citi to cut 3,500 technology jobs in China as part of global revamp
HONG KONG, June 5 (Reuters) - Citigroup Inc C.N will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as part of its efforts to simplify and shrink its global tech operations to improve risk and data management.The reduction of staff
Thu, Jun 5
Japan's 30-year bonds rise after weak auction outcome, in line with expectations
TOKYO, June 5 (Reuters) - Japan's 30-year government bond prices rose after an auction of the notes saw its weakest outcome in one and a half years, in line with market expectations.The bid-to-cover ratio, a measure of demand that gauges the number of bids against the amount of securities on offer,
Thu, Jun 5
GLOBAL MARKETS-Asian shares creep higher, dollar languishes before ECB
TOKYO, June 5 (Reuters) - Shares in Asia crept higher and the U.S. dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy.
Thu, Jun 5
METALS-Copper inches higher on weaker dollar; tariff developments in focus
June 5 (Reuters) - London copper prices inched up on Thursday amid a weakening U.S. dollar, while the market focus remained on a series of trade talks between the U.S. and its major trading partners.
Thu, Jun 5
US auto suppliers say immediate action needed on China rare earths restrictions
WASHINGTON, June 4 (Reuters) - A group representing auto suppliers in the United States called on Wednesday for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.
Thu, Jun 5
Japanese shares slip on caution over US economic outlook, stronger yen
TOKYO, June 5 (Reuters) - Japanese shares slipped on Thursday as weak U.S. economic data stoked caution toward the outlook of the world's largest economy, while a stronger yen hurt automakers.
Thu, Jun 5
China May services activity grows despite US tariff concerns, Caixin PMI shows
BEIJING, June 5 (Reuters) - China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, though new export orders declined due to uncertainty stemming from U.S. tariffs, a private sector survey showed on Thursday.
Thu, Jun 5
US STOCKS-Wall Street ends narrowly mixed in choppy trade on weak economic data
NEW YORK, June 4 (Reuters) - U.S. stocks ended mixed on Wednesday, with the benchmark S&P 500 flat, the technology-heavy Nasdaq Composite slightly up and the Dow Jones Industrial Average down as weak data revealed the economic toll taken by President Donald Trump's trade policies.
Thu, Jun 5
Amazon's delivery, logistics get an AI boost
Amazon to use AI for advanced warehouse robotsGenerative AI to enhance delivery maps for Amazon driversAI to optimize product stocking, reduce carbon emissionsBy Greg Bensinger
Thu, Jun 5
Dollar falls after data disappoints; Trump calls for rate cut
US private payrolls post smallest gain in over two years in MayUS service sector unexpectedly contracts in May; inflation heats upTrump says Fed's Powell must lower interest rate Trump to speak this week with China's Xi amid clash over tariff truceBy Saqib Iqbal Ahmed
Thu, Jun 5
Japan April real wages slump for fourth month as inflation bites
Japan April real wages fall 1.8%, marking fourth monthly decline The labour ministry says inflation outpaces wage hikes Analysts fear US tariffs could spoil pay hike momentumMajor companies on average agreed to over 5% pay hikes during talks this springBy Satoshi Sugiyama
Thu, Jun 5
Disney fails to stop YouTube from hiring veteran Connolly
June 4 (Reuters) - A judge in Los Angeles on Wednesday denied Walt Disney's DIS.N request for a preliminary injunction and a temporary restraining order aimed at preventing long-time executive Justin Connolly from joining Alphabet's GOOGL.O YouTube.
Thu, Jun 5
Oil settles 1% lower after US data shows large builds in fuel stocks
US gasoline, distillate stocks post big weekly buildsOPEC+ supply rises weigh on sentimentPersistent tariff tensions stalk market By Arathy Somasekhar HOUSTON, June 4 (Reuters) - Oil prices settled down just over 1% on Wednesday after U.S. data showed surprisingly large build in gasoline and ...
Wed, Jun 4
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German stocks rise on tax relief package approval; Europe's STOXX 600 touches one-week high
Airbus shares rise after report of Chinese aircraft ordersGerman cabinet approves tax relief package to boost economyDAX up 0.8%, STOXX 600 up 0.5%By Medha Singh, Sanchayaita Roy and Ragini Mathur June 4 (Reuters) - European stocks closed higher on Wednesday, buoyed by Berlin's approval of ...
Wed, Jun 4
