News
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Commodities
Mali court adjourns hearing on whether to put Barrick's gold mines under provisional administration
Malian court adjourns Barrick Mining's hearing to Thursday Government seeks provisional control of Barrick's complexGold prices have surged some 28.5% in the year to dateBy Tiemoko Diallo and Portia Crowe BAMAKO, June 2 (Reuters) - A Malian court has adjourned to Thursday a hearing on whe...Reuters
Mon, Jun 2
Forex
FOREX-US dollar slips as tariff worries resurface
Dollar sentiment fragile after Trump threatens 50% steel dutiesBeijing hits back over White House accusations it violated dealSenate to start consideration of Trump's tax and spending billFocus on business activity surveys in Asia, Europe and USPoland's zloty slips vs euro after electionsBy ...Reuters
Mon, Jun 2
Stocks
BUZZ -Shake Shack slide after BTIG downgrades to 'neutral'
** Shares of fast food chain operator Shake Shack SHAK.N fall as much as 5.2% to $123.04** BTIG downgrades stock to "neutral" from "buy" after SHAK breaches PT of $125** Says shares are currently trading within striking distance of an all-time high, believes further upside is unlikel...Reuters
Mon, Jun 2
Economic Indicator
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
Stocks
Applied Digital surges after CoreWeave lease deal
** Shares of data center operator Applied Digital APLD.O surge 44.4% to $9.86, over three-mth high, early Mon after inking deal with CoreWeave CRWV.O** APLD shares on track for biggest one-day pct gain since Sept** Co says entered into two 15-year leases worth $7 bln in rev with CoreWeave, specializ...Reuters
Mon, Jun 2
Stocks
BREAKINGVIEWS-America’s euro debt binge threatens EU hangover
By Sebastian Pellejero NEW YORK, June 2 (Reuters Breakingviews) - Wall Street is staging a quiet coup in European capital markets. Excluding banks, U.S. companies are set to issue some 98 billion euros’ worth of investment-grade bonds across the Atlantic by the end of May, a 67% jump from last y...Reuters
Mon, Jun 2
Commodities
Goldman Sachs lifts second-half 2025 aluminium forecast to $2,280/t
June 2 (Reuters) - Goldman Sachs has raised its aluminium price forecast for the second half of 2025 by $140 to $2,280 per metric ton, citing a smaller than expected market surplus, but expects prices to decline in early 2026. The bank said the impact of the trade war on global activity had been les...Reuters
Mon, Jun 2
Cryptocurrencies
Russian brokers and banks line up to launch crypto derivatives
Financial institutions in Russia, from brokers and banks to stock exchanges, are announcing a number of offerings of crypto derivatives following the central bank’s decision to legalize the latter. Some of the most prominent players in the country’s finance industry are entering the race to provide investors with a choice of options to put money […]Cryptopolitan
Mon, Jun 2
Stocks
Blueprint Medicines hits record high on Sanofi's $9 bln buyout offer
** Blueprint Medicines BPMC.O jumps 26.5% to record high of $128.15** Stock set for its best day on record, if gains hold** French drugmaker Sanofi SASY.PA to buy Blueprint for more than $9 billion** Sanofi paying $129/share in cash for Blueprint, a 27% premium to last close** Brokerage Leerink Part...Reuters
Mon, Jun 2
Other
Philippines' DoubleDragon subsidiary Hotel101 progresses towards Nasdaq listing
SINGAPORE, June 2 (Reuters) - Hotel101 Global Holdings Corp and Nasdaq-listed special purpose acquisition company JVSPAC Acquisition Corp JVSA.O said on Monday they had obtained a regulatory nod to proceed with a business combination agreement.They said in a statement that the U.S. Securities and Ex...Reuters
Mon, Jun 2
Economic Indicator
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
Stocks
HOTEL101 PROGRESSES TOWARDS NASDAQ LISTING
U.S. SEC DECLARES FORM F-4 SEC REGISTRATION EFFECTIVE SINGAPORE, June 2, 2025 /PRNewswire/ -- Hotel101 Global Holdings Corp. ("Hotel101" or "HBNB") and JVSPAC Acquisition Corp. (NASDAQ: JVSA) ("JVSPAC") announced today that the United States Securities and Exchange C...PR Newswire
Mon, Jun 2
Cryptocurrencies
Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says
Bitcoin’s bullish momentum has somewhat faded after reaching an all-time high of $111,000 on May 22, casting doubt on the sustainability of the rally. Bitcoin has pulled back slightly after its record-setting push, and analysts are split on what this means for its price action going forward. Interes...NewsBTC
Mon, Jun 2
Other
Augment Risk adds Raincoat's Mathieu to parametric practice
By Henry GaleJune 2 - (The Insurer) - Augment Risk has hired Miami-based senior executive and parametric specialist Luis Mathieu as it looks to expand its footprint across Latin America, the broker said.Mathieu was chief insurance officer for parametric startup Raincoat between 2021 and 2025 and has...Reuters
Mon, Jun 2
Other
Google to spend $500 million revamping compliance in shareholder settlement
Shareholders say accord to instill Google 'culture change'Judge considering how to address Google search monopolyGoogle not immediately available for commentBy Jonathan Stempel June 2 (Reuters) - Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to se...Reuters
Mon, Jun 2
Stocks
LIVE MARKETS-US stocks under pressure, though steel stocks show strength
Main US indexes red; Dow off most, down ~0.7%Apr construction spending -0.4% vs 0.3% estMay ISM mfg PMI 48.5 vs 49.5 est; prices paid 69.4 vs 69.8 priorEuro STOXX 600 index down ~0.7%Dollar falls; bitcoin off ~1%; gold up >2.5%; crude rallies >3%US 10-Year Treasury yield edges up to ~4.44%Welc...Reuters
Mon, Jun 2
