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Commodities
TSMC says US tariffs have some impact but AI demand robust
TSMC CEO sees US tariffs having some impact, AI demand strongTSMC has discussed tariffs with US government, CEO saysCompany has no plans to build factories in Middle EastTSMC margins impacted by Taiwan dollar's appreciationBy Wen-Yee Lee HSINCHU, Taiwan, June 3 (Reuters) - Taiwan's TSMC 2...Reuters
Tue, Jun 3
Commodities
PRESS DIGEST- New York Times business news - June 3
June 3 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Harvard officials, in a new court filing on Monday, detailed the extent of cuts that the Trump administration has made to universi...Reuters
Tue, Jun 3
Other
BREAKINGVIEWS-Shell-BP merger’s key ingredient is time
By Yawen Chen LONDON, June 3 (Reuters Breakingviews) - Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s SHEL.L chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling UK rival BP BP.L. Drill d...Reuters
Tue, Jun 3
Other
China car dealers urge automakers to stop dumping inventory on them
BEIJING, June 3 (Reuters) - Chinese auto dealers on Tuesday called on automakers to stop offloading too many cars on dealerships, as intense price wars are pressuring their cash flow, driving down their profitability and forcing some to shut.The proposal came on the heels of an official call over th...Reuters
Tue, Jun 3
Indices
US Dollar Index surges toward 99.00, rebounds from six-week lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, has rebounded from a six-week low of 98.58 and is trading higher near 98.90 during the Asian hours on Tuesday. Traders would likely observe the release of the JOLTS Job Openings later on Tuesday.Fxstreet
Tue, Jun 3
Commodities
Silver Price Forecast: XAG/USD slumps to near $34.00 on some profit-taking
The Silver price (XAG/USD) faces some selling pressure to around $34.15 after retreating from a nearly seven-month high during the Asian trading hours on Tuesday. The white metal loses ground due to some profit-taking amid easing trade tensions.
Fxstreet
Tue, Jun 3
Other
At least 20 Palestinians killed by Israeli fire while waiting for aid distribution, Hamas-affiliated media says
DUBAI, June 3 (Reuters) - At least 20 Palestinians were killed by Israeli fire as they waited for aid distribution in the Rafah area, Hamas-affiliated media said on Tuesday.Reuters
Tue, Jun 3
Other
Airbus deliveries fell 4% in May, sources say
NEW DELHI, June 3 (Reuters) - Airbus AIR.PA delivered around 51 airplanes in May, industry sources said, down 4% from the same month last year. The tally brings deliveries so far this year to around 243 aircraft, down 5% from the first five months of 2024. Airbus declined comment ahead o...Reuters
Tue, Jun 3
Forex
Australia, NZ dollars back away from resistance, data a drag
By Wayne Cole SYDNEY, June 3 (Reuters) - The Australian and New Zealand dollars backed away from resistance on Tuesday as soft economic data encouraged profit-taking on an overnight surge, while nudging short-term yields lower.The see-saw action left the Aussie down 0.4% at $0.6468 AUD=D3, unwind...Reuters
Tue, Jun 3
Other
One killed, several injured in Russian attacks on Ukraine, officials say
June 3 (Reuters) - Russia's overnight attacks killed one person in Ukraine's northeastern region of Kharkiv and injured several more in the northern city of Chernihiv, regional Ukrainian officials said on Tuesday.A private enterprise was hit in the small town of Balakliia in the Kharkiv regi...Reuters
Tue, Jun 3
Forex
China's yuan slips as caution prevails ahead of Trump-Xi talks
SHANGHAI, June 3 (Reuters) - China's yuan weakened against the dollar on Tuesday, the first trading session after the holiday, as investors cautiously awaited fresh developments in the Sino-U.S. relations following some signs of a re-escalation of tensions.U.S. President Donald Trump and Chinese...Reuters
Tue, Jun 3
Commodities
Gold price retreats from multi-week top as a recovering USD prompts mild profit-taking
Gold price (XAU/USD) retreats from the vicinity of the $3,400 round-figure mark, or a nearly four-week peak touched during the Asian session on Tuesday and erodes a part of the previous day's strong gains.
Fxstreet
Tue, Jun 3
Other
IELTS-owner IDP Education flags lower annual profit on student visa troubles; shares crash
IDP shares almost halve in value; mark worst day everStock worst performer on benchmark ASX200 indexExpects 28%-30% fall in student placement volumes for FY25 By Aaditya GovindRao June 3 (Reuters) - Australia's IDP Education IEL.AX forecast a drop in annual profit on Tuesday, triggering a 48%...Reuters
Tue, Jun 3
Cryptocurrencies
The U.S. dollar fell to a six-week low
On Tuesday, the dollar fell to its weakest point in six weeks after new signs showed Trump’s trade policies were hurting the U.S. economy. On Tuesday, the dollar index hardly changed after falling to 98.58, its weakest level since late April. Compared to the Japanese yen, the dollar was at 142.71, which is nearly a […]Cryptopolitan
Tue, Jun 3
Cryptocurrencies
South Korea Sees First Institutional Crypto Sale Ahead Of Presidential Election – Details
South Korea saw its first institutional digital assets sale following the start of its ban lift on institutional crypto transactions. The positive development came two days before the snap presidential elections, scheduled for June 3, 2025. Related Reading: Elon Musk’s New XChat Uses ‘Bitcoin-Like’ ...Bitcoinist
Tue, Jun 3
Stocks
MORNING BID EUROPE-Inflation to set the tone for ECB
A look at the day ahead in European and global markets from Rae WeeThe highlight for the European day on Tuesday will be flash euro zone inflation figures for May, which come ahead of an expected rate cut from the European Central Bank (ECB) later in the week.Expectations are for consumer prices to ...Reuters
Tue, Jun 3
Other
UK-based medical device company seeks $4 billion in sale, FT reports
June 3 (Reuters) - UK-based medical device company CMR Surgical has put itself up for sale at a valuation of up to $4 billion, the Financial Times reported on Tuesday, citing sources familiar with the matter. The surgical robotics maker had hired advisers in recent weeks to initiate the sale process...Reuters
Tue, Jun 3
