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Japanese Labour Ministry panel proposes record minimum wage hike, Nikkei reports
TOKYO, Aug 4 (Reuters) - A Japanese Labour Ministry panel has proposed a 6% increase in the national average minimum wage for this fiscal year, the biggest such jump since at least 2002, the Nikkei business newspaper reported on Monday.Achieving real wage growth has become a top policy priority for
Mon, Aug 4
Singapore fund GIC buys 25% stake in Spain broadband venture
Vodafone Spain to gain 1.4 bln euros from joint ventureMasOrange to hold 58%, Vodafone Spain 17% in new companyZegona shares hit record high on Vodafone Spain news Aug 4 (Reuters) - Singapore's sovereign wealth fund GIC will acquire a 25% stake in a Spanish fibre optic broadband venture betwe...
Mon, Aug 4
Japan's Mitsubishi Q1 profit down 43%, beats expectations
TOKYO, Aug 4 (Reuters) - Japanese trading house Mitsubishi 8058.T on Monday posted a net profit of 203.1 billion yen ($1.4 billion) in the three months to June 30, down 43% from a year ago but beating analysts' forecasts.An LSEG poll of analysts had expected the company to post 180.3 billion yen...
Mon, Aug 4
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METALS-Copper gains as weaker dollar lends support
By Brijesh Patel Aug 4 (Reuters) - Copper prices rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a Federal Reserve interest rate cut in September.Three-month copper on the London Metal Exchange CMCU3 was up 0.5% at $9,673 per metric ton, as of ...
Mon, Aug 4
India's IOC buys 7 million barrels US, Mideast crude after Russian oil pause
SINGAPORE/NEW DELHI, Aug 4 (Reuters) - Indian Oil Corp (IOC) IOC.NS, the country's top refiner, has bought 7 million barrels of September-arrival crude from the United States, Canada and the Middle East via a tender, several trade sources said on Monday.IOC's large spot crude purchase comes ...
Mon, Aug 4
Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says
TOKYO, Aug 4 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the government is ready to compile an extra budget to cushion the economic blow from U.S. tariffs, a move that would add strain to the country's already worsening finances.
Mon, Aug 4
Asia shares sideswiped by US economic jitters, oil slips
SYDNEY, Aug 4 (Reuters) - Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar.
Mon, Aug 4
Benchmark JGB yields fall most in more than 3 months as economic concerns mount
TOKYO, Aug 4 (Reuters) - Japanese government bonds surged on Monday, sending benchmark yields down by the most in more than three months, as concerns over the economic cost of a global trade war boosted demand for safer assets.
Mon, Aug 4
Goldman keeps Brent oil forecast, but flags downside risks to demand
Aug 4 (Reuters) - Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.
Mon, Aug 4
Oil slips after OPEC+ agrees to hike output in September
SINGAPORE, Aug 4 (Reuters) - Oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September.
Mon, Aug 4
Wall St Week Ahead-AI gains and strong earnings support Wall Street as tariff woes linger
NEW YORK, July 31 (Reuters) - With more than half of second quarter earnings reported and stocks near record highs, company results have reassured investors about the artificial intelligence trade that has energized Wall Street, even if tariff worries curtailed buying.
Mon, Aug 4
Kuwait praises OPEC+ decision to raise oil output for September
Aug 3 (Reuters) - Kuwait's Oil Minister Tariq Al-Roumi praised the OPEC+ decision to raise oil production by 547,000 barrels per day for September, saying it reflected coordination aimed at ensuring oil market stability.
Mon, Aug 4
Trump fires BLS commissioner, raising concerns about economic data quality
Trump claims in social media post that jobs numbers were riggedNo evidence to back Trump's claimsEconomists, labor unions criticize firing as data manipulation attemptEconomists blame Trump's policies for slower job growthBy Jasper Ward and Lucia Mutikani WASHINGTON, Aug 1 (Reuters) - U.S...
Fri, Aug 1
WRAPUP 6-Markets dive after Trump hits more countries with steep tariffs
Markets down after new wave of tariffsSwitzerland stunned, seeks new talksBrazil, Canada, India, among countries hit by steep tariffsTrump administration teases additional trade dealsBy John Revill and Trevor Hunnicutt ZURICH/WASHINGTON, Aug 1 (Reuters) - U.S. President Donald Trump's latest ...
Fri, Aug 1
Stocks tumble on latest tariffs, soft jobs data
NEW YORK, Aug 1 (Reuters) - U.S. stocks slumped on Friday, with the S&P on track for its biggest daily percentage decline in more than three months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.
Fri, Aug 1
Trump says Fed's Powell should be put 'out to pasture'
WASHINGTON, Aug 1 (Reuters) - U.S. President Donald Trump said on Friday that Federal Reverse Chairman Jerome Powell should be "put out to pasture."He made the comments in a Truth Social post, where he ordered the firing of U.S. Bureau of Labor Statistics, Erika L. McEntarfer."The Econom...
Fri, Aug 1
US drillers cut oil and gas rigs for second week, Baker Hughes says
Aug 1 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.
Fri, Aug 1
Amazon tumbles after cloud computing growth disappoints investors
By Aditya Soni and Kanchana Chakravarty Aug 1 (Reuters) - Amazon.com shares fell 7% on Friday as the tech giant's results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.Amazon Web Services, long the cloud-compu...
Fri, Aug 1
Reddit surges as AI-driven ad strategy wins praise from Wall Street
Aug 1 (Reuters) - Reddit's RDDT.N shares surged 15% on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform's AI-based advertising tools and strong user engagement.
Fri, Aug 1
Design software maker Figma extends gains after blockbuster NYSE trading debut
Aug 1 (Reuters) - Design software maker Figma's FIG.N shares surged another 20% in morning trading on Friday, extending strong debut-day gains after a blowout U.S. initial public offering that has reignited the tech listing market.
Fri, Aug 1
