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Britain unveils radical defence overhaul to meet new threats
UK turns to tech, drones and data for modern militaryUp to 12 attack submarines to replace fleet of sevenCost of separate nuclear warhead scheme put at 15 bln stgBy Elizabeth Piper and Sam Tabahriti LONDON, June 2 (Reuters) - Britain said on Monday it would radically change its approach to defenc...Reuters
Mon, Jun 2
WRAPUP 1-Tariff gloom weighs on US manufacturing; delivery times lengthening
Manufacturing contracts for third straight monthPrices for inputs received by factories remain elevatedFactories laying off workers; goods being held up at portsBy Lucia Mutikani WASHINGTON, June 2 (Reuters) - U.S. manufacturing contracted for a third straight month in May and suppliers took the ...Reuters
Mon, Jun 2
Trump and China's Xi will likely speak this week, White House says
WASHINGTON, June 2 (Reuters) - President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House Press Secretary Karoline Leavitt said on Monday.Leavitt is the third top Trump aide to forecast an imminent call between the two leaders to iron out differences on last month&...Reuters
Mon, Jun 2
Fed likely on track to lower rates after bumpy period, says Goolsbee
June 2 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Monday he continues to think the U.S. central bank will be able to lower short-term borrowing costs after the "dirt in the air" of uncertainty from tariff policies gets cleared up."If we can get past this b...Reuters
Mon, Jun 2
Fed can be patient, ready to respond if needed: Logan
Fed's policy is well-positioned, can wait for data before responding: LoganLogan says inflation data is first and foremost in her sightsUS central bank expected to keep policy rate steady at upcoming meetingJune 2 (Reuters) - With the labor market stable, inflation running somewhat above target,...Reuters
Mon, Jun 2
Mexico's remittances plunge 12% in April
MEXICO CITY, June 2 (Reuters) - Remittances sent to Mexico recorded an 12.1% slump in April compared to a year earlier, according to data published Monday by the country's central bank, as U.S. lawmakers mull a tax on such payments sent abroad.Mexico, the world's second largest recipient of ...Reuters
Mon, Jun 2
TREASURIES-US yields slightly higher after latest tariff threat, data
Yields rise after Trump's tariff announcement on steel and aluminumISM manufacturing PMI shows contraction for third straight monthFed's Waller said cuts this year still possibleBy Chuck Mikolajczak NEW YORK, June 2 (Reuters) - Longer-dated Treasury yields were mostly higher on Monday, af...Reuters
Mon, Jun 2
Fed's Logan urges banks to be ready to use discount window
June 2 (Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Monday reiterated her plea for all banks to sign up and test their ability to tap the central bank's discount window lending facility in case of an unexpected liquidity need, including from a potential cyber attack. "We ...Reuters
Mon, Jun 2
WRAPUP 4-European factory production stabilises further but Asia, US struggle with tariffs
European manufacturing moves towards stabilisationJapan's PMI shrinks for 11th month in MaySouth Korea's factory activity also contracts in MayUS activity slides to a 6-month lowUS trade uncertainty to keep firms from investing, analysts sayBy Jonathan Cable, Leika Kihara and Lucia Mutikani ...Reuters
Mon, Jun 2
Fed can be patient, ready to respond if needed: Logan
June 2 (Reuters) - With the labor market stable, inflation running somewhat above target, and the outlook uncertain, the Federal Reserve is keeping a watchful eye on a broad range of data to judge what response might be needed, and when, Dallas Federal Reserve Bank President Lorie Logan said on Mond...Reuters
Mon, Jun 2
Mexico announces second placement of bonds worth some $9.3 billion
MEXICO CITY, June 2 (Reuters) - Mexico's finance ministry said on Monday it had carried out an operation consistent with reopening bonds maturing in two, three and five years worth some 179.39 billion pesos (around $9.34 billion). The ministry said the operation, which marked the bonds' seco...Reuters
Mon, Jun 2
US construction spending falls in April on weakness in single-family housing projects
WASHINGTON, June 2(Reuters) - U.S. construction spending unexpectedly fell in April, weighed down by a decline in outlays on single-family housing projects amid higher borrowing costs and a rising supply of unsold homes.The Commerce Department's Census Bureau said on Monday that construction spe...Reuters
Mon, Jun 2
Trade barriers and plane delays challenge global airlines
Airlines body trims 2025 profit outlookIndustry leaders blast 'inexcusable' plane delivery delaysEnergy firms need to make more sustainable jet fuel, IATA saysBy Nandan Mandayam, Shivansh Tiwary and Rajesh Kumar Singh NEW DELHI, June 2 (Reuters) - Airlines warned on Monday that growing tr...Reuters
Mon, Jun 2
