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Trump reinstates US travel ban, bars citizens of 12 countries
Order bans travel to US from 12 countriesTravel from 7 other countries restrictedTrump cites national security concernsBan becomes effective on June 9By Jeff Mason and Nandita Bose WASHINGTON, June 4 (Reuters) - U.S. President Donald Trump signed a proclamation on Wednesday banning the citizens o...Reuters
Thu, Jun 5
Procter & Gamble to cut 7,000 jobs, exit brands as consumer uncertainty weighs
By Aishwarya Venugopal and Jessica DiNapoli June 5 (Reuters) - Procter & Gamble PG.N will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by U.S. tariffs that have roiled numerous consumer companies.The world&...Reuters
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
RPT-COLUMN-Franc leading Swiss back to deflation vortex, asset stockpiling: Mike Dolan
By Mike Dolan LONDON, June 5 (Reuters) - The supercharged Swiss franc is sucking Switzerland back into a deflationary vortex that its central bank will once again struggle to escape, possibly recycling a fresh wave of financial flows back out across the world.The Swiss franc, long perceived as a ...Reuters
Thu, Jun 5
Laopu Gold Surpasses HKD 1,000—Hong Kong’s “Hard Luxury” Benchmark Hits Historic High of HKD 1,015
TradingKey – At the start of trading, Hong Kong-listed consumer favorites known as the “Golden Trio” — Pop Mart, Mixue Ice Cream & Tea, and Laopu Gold Co., Ltd. (6181.HK) — all reached record highs.TradingKey
Thu, Jun 5
Trump and Warren Join Forces to Criticize Debt Ceiling as 'Too Destructive,' Call for Abolition
TradingKey - As the deficit rises, the issue of the U.S. debt ceiling has once again become a central focus in American politics. On Wednesday, former President Donald Trump took to his social media platform, Truth Social, to declare that the U.S. should abolish the debt ceiling system.TradingKey
Thu, Jun 5
Central banks on track for 4th year of massive gold purchases, Metals Focus says
LONDON, June 5 (Reuters) - Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said.
Reuters
Thu, Jun 5
OpenAI Tops 3 Million Paid Business Users and Eyes $12.7 Billion Revenue, Korea Fuels Growth as No. 2 Market
TradingKey - On Wednesday, leading artificial intelligence company OpenAI announced that its number of paid business users has increased to 3 million, a significant growth from 2 million in February. This increase is primarily driven by subscriptions to the Enterprise version (ChatGPT Enterprise)...TradingKey
Thu, Jun 5
Lee Jae-myung’s Victory Sparks “Korea Revaluation” — Is the Era of the “Korea Discount” Over?
TradingKey - The successful election of Lee Jae-myung, the presidential candidate from the ruling Democratic Party who pledged political stability and economic revitalization, has brought a wave of optimism to South Korea’s stock market and currency.TradingKey
Thu, Jun 5
China commerce ministry to join govt crackdown on intense auto competition
BEIJING, June 5 (Reuters) - China's commerce ministry said on Thursday that it would collaborate with other government departments to step up rectification of the excessive competition in the auto market.The ministry will strengthen compliance guidance to ensure fair market competition and promo...
Reuters
Thu, Jun 5
Stablecoin Issuers to Become Second-Largest Holder of U.S. Treasuries by 2028?
Experts predict that the passage of the GENIUS Act, a landmark stablecoin regulation, could catalyze a tenfold expansion in the stablecoin market over the next three years. This growth is expected to result in stablecoin issuers becoming the second-largest holders of U.S. Treasury securities.
LIVE MARKETS-Before the bell: awaiting the ECB, and NATO meeting
European shares were set for a muted start on Thursday ahead of an almost-certain rate cut by the European Central Bank, and a NATO meeting, where defence ministers are due to discuss Donald Trump’s demand for significant increases in spending.Reuters
Thu, Jun 5
Japan's 30-year bonds rise as weak auction adds to pressure to curtail issuance
TOKYO, June 5 (Reuters) - Japan's 30-year government bond prices rose after the weakest auction of the securities in more than a year added to pressure on the Ministry of Finance to reduce supply of super-long notes.Reuters
Thu, Jun 5
