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India plans rare earth magnet incentives as supply threat mounts, sources say
India wants to wean itself off dependence on ChinaPlans to build sustainable, secure magnet stocks -sourcesTo offer fiscal benefits for domestic production -sourceIndia has world's third-largest reserves of rare earthsBy Aditi Shah, Neha Arora and Aditya Kalra NEW DELHI, June 5 (Reuters) - In...Reuters
Thu, Jun 5
USD/CNH: Any further decline is unlikely to break below 7.1600 – BBH
US Dollar (USD) could continue to weaken against Chinese Yuan (CNH); any further decline is unlikely to break below 7.1600. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, BBH FX analysts report.Fxstreet
Thu, Jun 5
Accelerating Wage Growth Lays Groundwork for Further Rate Hikes—Japan’s Tightening Path Comes Into Focus
TradingKey - Japan’s April wage data showed that core wages rose 2.5% year-over-year, marking the 20th consecutive month above the 2% threshold and indicating a certain level of resilience in the upward trend.TradingKey
Thu, Jun 5
GBP/USD: Unlikely to break clearly above 1.3600 – UOB Group
A slight increase in upward momentum suggests an upside bias, but Pound Sterling (GBP) is unlikely to break clearly above 1.3600. In the longer run, GBP must first close above 1.3600 before a sustained advance can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jun 5
JPMorgan Chase sees growth in Asia Pacific private credit market
SINGAPORE, June 5 (Reuters) - JPMorgan Chase JPM.N sees significant growth potential in Asia Pacific's private credit market, focusing on countries across Asia and including Australia and India, Serene Chen, the bank's Asia Pacific head of credit, currency, and emerging market sales, said o...Reuters
Thu, Jun 5
UK new car sales recover in May as EV discounts attract buyers, SMMT data shows
June 5 (Reuters) - Britain's new car sales rose from a year earlier in May, marking the second month of recovery in 2025, amid heavy discounting by electric vehicle makers, a report by the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday. Chinese EVs have been rapidly expa...Reuters
Thu, Jun 5
Greek Q1 unemployment rises to 10.4%
June 5 (Reuters) - Greece's jobless rate rose to 10.4% in the first quarter from 9.5% in the fourth quarter of 2024, data by the country's statistics service ELSTAT showed on Thursday.The jobless rate for women was 12.9% versus 8.3% for men in the first quarter.About 51% of Greece's 488,...Reuters
Thu, Jun 5
