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South Korean conservatives looking for rebirth after election loss
SEOUL, June 6 (Reuters) - South Korea's right is looking to remake itself after a massive defeat in this week's snap presidential election that left it with little power to challenge the ruling Democratic Party.
Mon, Jun 9
Trump says he has no plans to speak to Musk as feud persists
White House official says Trump does not want to talk to MuskFeud complicates efforts to pass tax-cut bill in SenateMusk denounces bill as adding $2.4 trillion in debtBy Nandita Bose and Alexandra Ulmer WASHINGTON, June 6 (Reuters) - U.S. President Donald Trump said on Friday that he has no p...
Fri, Jun 6
Crude climbs on US jobs report, China talks
Brent, WTI poised to finish the week higherU.S. jobs report shows unemployment steady at 4.2%Trade negotiations continue with ChinaU.S. oil, gas rigs hit lowest level since November 2021By Erwin Seba HOUSTON, June 6 (Reuters) - Crude rose more than $1 a barrel on Friday, posting its first weekly ...
Fri, Jun 6
Fed taps Horowitz as next inspector general
WASHINGTON, June 6 (Reuters) - The Federal Reserve announced on Friday that Michael Horowitz had been appointed to serve as the central bank's new inspector general.Horowitz, who most recently served as the Justice Department's inspector general, replaces Mark Bialek, who retired in April. A...
Fri, Jun 6
Trump says Fed should cut rates by a full point
June 6 (Reuters) - U.S. President Donald Trump on Friday called on the Federal Reserve to cut interest rates by a full point."'Too Late' at the Fed is a disaster! Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!"...
Fri, Jun 6
US yields rise after stronger than expected jobs gains in May
June 6 (Reuters) - U.S. Treasury yields rose after data on Friday showed that employers added more jobs than economists had expected in May, while average hourly earnings also rose more than was forecast. Employers added 139,000 jobs last month, above estimates for a 130,000 increase. Average hourl
Fri, Jun 6
Wall Street futures edge up ahead of jobs data; Tesla rebounds
June 6 (Reuters) - U.S. stock index futures nudged higher on Friday as investors awaited monthly payrolls data, while Tesla shares rebounded on signs of cooling tensions between CEO Elon Musk and U.S. President Donald Trump.
Fri, Jun 6
Wall St Week Ahead-US stocks edge toward records with inflation data, policy progress in focus
NEW YORK, June 6 (Reuters) - The U.S. stock rebound has driven key indexes to the cusp of record levels, with fresh economic data and trade and fiscal policy developments set to test whether equities will get an extra push higher in the near term.
Fri, Jun 6
Germany's Merz eyes car tariff offsetting mechanism after Trump talks
BERLIN, June 6 (Reuters) - German Chancellor Friedrich Merz said on Friday that he would pursue a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles exported to the U.S.
Fri, Jun 6
European shares flat as investors cautious ahead of US jobs data
June 6 (Reuters) - European shares were little changed on Friday, as investors refrained from placing major bets ahead of crucial U.S. jobs data, with persistent trade tensions adding to the uncertainty.
Fri, Jun 6
PRECIOUS-Gold rises as weak US data outweighs optimism from Trump-Xi call
US non-farm payroll data due at 1230 GMTFed officials say inflation as key risk than job market slowdownAll four metals set for weekly gainsBy Anmol Choubey June 6 (Reuters) - Gold rose on Friday and was set for weekly gains, as a spate of soft U.S. economic data outweighed initial optimism over ...
Fri, Jun 6
Tesla shares rise as Politico reports Musk-White House to hold call
LONDON, June 6 (Reuters) - Tesla shares listed in Frankfurt rose 5.6% on Friday after Politico reported White House aides have scheduled a call with CEO Elon Musk to broker peace after a public feud with U.S. President Donald Trump.
Fri, Jun 6
Taiwan central bank says its communication with US Treasury has long been smooth
TAIPEI, June 6 (Reuters) - Taiwan's central bank said on Friday that its communication with the U.S. Treasury Department has long been smooth, after it left the island on its currency monitoring list.The central bank said in a statement that it will continue to exchange views with the U.S. Treas...
Fri, Jun 6
Japan's 30-year bond unchanged after expected weak auction
TOKYO, June 6 (Reuters) - Japan's 30-year government bonds (JGBs) were flat on Friday after being untraded for most of the session, following a weak auction for bonds with the same tenor in the previous session.The 30-year JGB yield JP30YTN=JBTC was flat at 2.885%.The bond price rose in the prev...
Fri, Jun 6
[Reuters Analysis] For markets, end to ECB rate cuts just got closer
LONDON, June 5 (Reuters) - Traders are increasingly confident the European Central Bank will pause its run of interest rate cuts now that the central bank sees itself as well-positioned to deal with global economic uncertainty fuelled by U.S. tariff policy.
Fri, Jun 6
ECB cuts rates again but hints at pause
FRANKFURT, June 5 (Reuters) - The European Central Bank cut interest rates as expected on Thursday but hinted at a pause in its year-long easing cycle after inflation finally returned to its 2% target. The ECB has lowered borrowing costs eight times, or by 2 percentage points since last June...
Fri, Jun 6
Oil prices on track for solid weekly gains as China and U.S. resume trade talks
SINGAPORE, June 6 (Reuters) - Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies.Brent crude ...
Fri, Jun 6
Trump, Musk feud explodes with threats of cutting contracts, backing impeachment
WASHINGTON, June 5 (Reuters) - President Donald Trump threatened on Thursday to cut off government contracts with billionaire Elon Musk's companies, while Musk suggested Trump should be impeached, turning their bromance into an all-out brawl on social media.
Fri, Jun 6
GLOBAL MARKETS-Stocks on guard for payrolls, Tesla tumbles as Trump-Musk bromance sours
SYDNEY, June 6 (Reuters) - Asian shares were subdued on Friday as investors hunkered down for the all-important payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billionaire Elon Musk.
Fri, Jun 6
Australia, NZ dollars look to end week on a high, payrolls crucial
SYDNEY, June 6 (Reuters) - The Australian and New Zealand dollars were looking to end the week with hefty gains on Friday as a hint of thawing in the U.S.-China trade impasse aided risk sentiment, while investors everywhere braced for the all-important U.S. jobs report.
Fri, Jun 6
