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Japan factory declines slow in May but tariff worries persist, PMI shows
TOKYO, June 2 (Reuters) - Japan's factory activity shrank at the slowest pace in five months in May as the decline in new orders eased, but worries over U.S. tariffs have dampened the recovery from an almost year-long contraction, a private-sector survey showed on Monday.The final au Jibun Bank ...Reuters
Mon, Jun 2
OPEC+ agrees on third oil output hike, may be larger than 411,000 bpd - Reuters
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to surge oil output for the third month in a row. An increase in oil output for July that may be larger than the 411,000 barrels per day (bpd) increases it made for May and June, per Reuters.Fxstreet
Sun, Jun 1
US President Trump, China’s Xi Jinping likely to speak soon on minerals trade dispute - Reuters
US Treasury Secretary Scott Bessent said on Sunday that US President Donald Trump and Chinese President Xi Jinping are likely to speak soon to iron out trade issues including a dispute over critical minerals, per Reuters.Fxstreet
Sun, Jun 1
Thailand's stalled cash handout scheme sours voters on ruling party
Prime minister blames U.S. tariffs for scheme delayAnalysts say it damages credibility of ruling partyGovernment distributed about a third of $14-billion schemeCash scheme failed to boost economy, analysts sayBy Orathai Sriring, Thanadech Staporncharnchai and Panarat Thepgumpanat BANGKOK, June 2 ...Reuters
Sun, Jun 1
China's NBS Manufacturing PMI rises to 49.5 in May, Non-Manufacturing PMI eases to 50.3
China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 49.5 in May, compared to 49.0 in the previous reading. The reading came in line with the market consensus in the reported month.Fxstreet
Sun, Jun 1
US asks Australia to increase defense spending to 3.5% of GDP
WASHINGTON, June 1 (Reuters) - U.S. Defense Secretary Pete Hegseth asked Australia to increase its defense spending to 3.5% of gross domestic product during a meeting with Australian Defense Minister Richard Marles, the Pentagon said on Sunday.The defense chiefs also discussed security issues includ...Reuters
Sun, Jun 1
Treasury Secretary Bessent says US will never default on its debt
WASHINGTON, June 1 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday the United States will never default on its debt as the Senate considers a sweeping tax and spending bill passed by the House of Representatives that includes a provision to raise the debt ceiling. "The Unite...Reuters
Sun, Jun 1
OBITUARY-Stanley Fischer, former Fed vice chair and Bank of Israel chief, dies at 81
By Steven ScheerJERUSALEM, June 1 (Reuters) - Stanley Fischer, who helped shape modern economic theory during a career that included heading the Bank of Israel and serving as vice chair of the U.S. Federal Reserve, has died at the age of 81.The Bank of Israel said he died on Saturday night but did n...Reuters
Sun, Jun 1
South Korea exports fall as tariffs hit US, China shipments
SEOUL, June 1 (Reuters) - South Korea's exports fell in May for the first time in four months, as shipments to the United States and China dropped on global trade conflict triggered by U.S. President Donald Trump's sweeping tariffs. Exports from Asia's fourth-largest economy, an early be...Reuters
Sun, Jun 1
France car registrations down 12.3% in May, Tesla sales drop 67.18%
June 1 (Reuters) - New car registrations in France fell 12.3% in May from a year earlier to 123.919 vehicles, data from French car body PFA showed on Sunday.Tesla TSLA.O sales fell 67.18% to 721 vehicles last month.Since the start of the year, Tesla's sales have declined by 47.23%, while the Fre...Reuters
Sat, May 31
China's manufacturing activity contracts amid trade tension
Official manufacturing activity contracts for second monthGrowth slows in non-manufacturing activitySome firms report rebound in trade with U.S. -statisticianTrump accuses China of violating trade dealBy Kevin Yao BEIJING, May 31 (Reuters) - China's manufacturing activity contracted in May fo...Reuters
Sat, May 31
Trump says Pakistani representatives coming to US next week for trade talks
WASHINGTON, May 30 (Reuters) - U.S. President Donald Trump said on Friday representatives from Pakistan are coming to the United States next week as the South Asian country seeks to make a deal on tariffs.Pakistan faces a potential 29% tariff on its exports to the United States due to a $3 billion t...Reuters
Sat, May 31
China's manufacturing activity falls in May, PMI shows
BEIJING, May 31 (Reuters) - China's manufacturing activity shrank for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States. The official purchasing managers' index (PMI) ...Reuters
Sat, May 31
Fed's Daly: April PCE inflation is a 'relief,' but incomplete, Fox Business reports
May 30 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Friday cooling inflation offers "relief" for Americans suffering from high prices, but that there are risks of higher inflation ahead. "The inflation number that printed today, that's good relief for Am...Reuters
Fri, May 30
Fed's Daly: April PCE inflation is a 'relief,' but incomplete, Fox Business
May 30 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Friday cooling inflation offers "relief" for Americans suffering from high prices, but that there are risks of higher inflation ahead. "The inflation number that printed today, that's good relief for Am...Reuters
Fri, May 30
