News
Important Only
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 forReuters
Mon, Aug 4
Venezuela's oil exports fell in July as partners awaited US authorizations
HOUSTON, Aug 4(Reuters) - Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S. authorizations to expand operations in the country, according to vessel tracking data and company documents.Washington in late July green lit p...Reuters
Mon, Aug 4
EXPLAINER-What happens next in the US court battle over Trump's tariffs?
By Jan Wolfe and Dietrich Knauth WASHINGTON, Aug 4 (Reuters) - A federal appeals panel on Thursday appeared skeptical of U.S. President Donald Trump's argument that a 1977 law historically used for sanctioning enemies or freezing their assets gave him the power to impose tariffs.Regardless of...Reuters
Mon, Aug 4
Switzerland's government to hold special meeting over Trump's huge tariff on Swiss imports
Swiss goods face 39% US import tariff from August 7Swiss luxury goods, drugs, machinery depend on US marketBy John Revill ZURICH, Aug 4 (Reuters) - Switzerland's government will hold an extraordinary cabinet meeting on Monday to discuss its response to President Donald Trump's 39% tariff ...Reuters
Mon, Aug 4
DXY: In consolidation following the sharp drop – OCBC
US Dollar (USD) turned sharply lower on release of payrolls report last Fri. Most USD/Asean FX was also trading lower this morning, catching up on the USD pullback. DXY was last at 98.80 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Mon, Aug 4
Tesla's July China-made EV sales fall 8.4%
BEIJING, Aug 4 (Reuters) - Tesla's TSLA.O sales of China-made electric vehicles in July fell 8.4% from a year earlier, reversing a mild increase in June, in the face of rising competition from rivals offering lower-priced new models. Deliveries of Tesla's China-made Model 3 and Model Y vehic...Reuters
Mon, Aug 4
US: Tariff reset offers clarity, but trade uncertainty persists – UOB Group
Just ahead of the 1 Aug deadline, US President Donald Trump signed an executive order on Thursday (31 Jul) that modified 'reciprocal' tariffs on a number of countries/regions, with updated levies ranging from 10% to 41%. The tariff rates are slated to take effect from 7 August.Fxstreet
Mon, Aug 4
Swatch CEO calls on Swiss president to meet Trump to solve tariff dispute
ZURICH, Aug 4 (Reuters) - Swatch Group UHR.S Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet U.S. President Donald Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States.Hayek told Reuters on Monday he wa...Reuters
Mon, Aug 4
What the July Jobs Report Reveals: Record Downward Revisions Stoke Recession Fears
TradingKey - The release of the U.S. July nonfarm payrolls report on Friday, August 1 has shattered the narrative of a resilient labor market — so severely that President Donald Trump fired the head of the Bureau of Labor Statistics (BLS) within hours. With payroll growth slowing sharply and priorTradingKey
Mon, Aug 4
Euro zone bonds steady; investors wary of US policy outlook
LONDON, August 4 (Reuters) - Euro zone government bond yields held steady on Monday, having posted their largest weekly decline in two months, in stark contrast with a drop in U.S. yields after a dismal jobs report sparked a surge in bets on a Federal Reserve cut in September. Friday's monthl...Reuters
Mon, Aug 4
