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US plans to fire 80,000 Veterans Affairs workers as part of Trump cuts, sparking backlash
VA plans a return to 2019 staffing levelsVeterans groups and Democrats call cuts a betrayal of veteransTrump and Musk aim to reduce federal workforce size and costVA secretary says federal government does not exist to employ people By Mike Stone, Tim Reid, David Morgan and Nathan Layne WASHINGTON...Reuters
Thu, Mar 6
Economic Indicator
US President Donald Trump working with House Republicans for bill to fund government until September
US President Donald Trump stated on Wednesday he was working with Republicans in the House of Representatives on a continuing resolution to fund the government until September, per Reuters.Fxstreet
Thu, Mar 6
Other
Trump working with House Republicans for bill to fund government until September
By Kanishka Singh WASHINGTON, March 5 (Reuters) - U.S. President Donald Trump said on Wednesday he was working with Republicans in the House of Representatives on a continuing resolution to fund the government until September.WHY IT'S IMPORTANTGovernment funding runs out next week. Republican...Reuters
Thu, Mar 6
Forex
USD/JPY near year low overnight, lowest since October '24
USD/JPY to 148.40 overnight, near Tues 148.10 trough, lowest since Oct '24148.02 recorded on Oct 9, 147.35 day before on Oct 8, downtrend resuming?Asia range so far 148.74-149.01, bounce from o/n low but upside limited?Japanese importer bids eyed at Tokyo fix but exporters staked out 149.00+?USD...Reuters
Thu, Mar 6
Other
US Treasury's Bessent, Israeli finance minister discuss economic partnership
March 5 (Reuters) - U.S. Treasury Secretary Scott Bessent and Israeli Finance Minister Bezalel Smotrich agreed to strengthen "dialogue mechanisms to enhance collaboration in key areas" in a meeting on Wednesday to discuss the economic partnership between the two countries, the Treasury Depar...Reuters
Thu, Mar 6
Commodities
US board reinstates thousands of USDA employees fired by Trump administration
Merit System Protection Board halts firing of USDA employeesJudge blocked Trump from removing board's Democratic chairWatchdog agency says it is investigating other firingsBy Daniel Wiessner and Nate Raymond March 5 (Reuters) - A U.S. board that reviews the firings of federal employees on Wed...Reuters
Thu, Mar 6
Other
Mars prices $26 billion 8-part bond, highlights big M&A financing week
Mars issues 8-part bond for Kellanova acquisitionBond offering to raise $26 billion, bookrunners sayMars bond deal may more than double M&A bond issuance for 2025, IGM reportsBy Shankar Ramakrishnan March 5 (Reuters) - Family-owned candy giant Mars on Wednesday priced a $26 billion eight-part...Reuters
Thu, Mar 6
Other
Liberty Mutual reports 59% jump in operating profits and lowest CR in 20 years for Q4
By David BullMarch 5 - (The Insurer) - Liberty Mutual has reported Q4 operating income of $1.76 billion, up 59% on the prior-year period, with a combined ratio of 91.5%, as its CEO Tim Sweeney said the carrier is making “remarkable progress” towards achieving a 95% combined ratio this year despite $...Reuters
Thu, Mar 6
Other
US watchdog agency chief removed after appeals court approves firing by Trump
Court pauses order reinstating Dellinger after Trump fired himDellinger got USDA employees reinstated, calling dismissals illegalTrump's reshaping of government includes firing agency headsBy Jack Queen March 5 (Reuters) - The head of a federal watchdog agency was removed from his post on Wed...Reuters
Thu, Mar 6
Other
Japan's 10-year bond yield hits near 16-year high after sell-off in German bonds
TOKYO, March 6 (Reuters) - Japan's 10-year government bond yield hit a near 16-year high on Thursday after a sharp sell-off in German bonds weighed on sentiment.The 10-year JGB yield JP10YTN=JBTC jumped 6 basis points (bps) to 1.5%, its highest level since June 2009 in early trade. A major overh...Reuters
Thu, Mar 6
Stocks
Trump hails 'reclaiming' of Panama Canal after BlackRock-led group's deal to buy stake
CK Hutchison to sell majority stake in $22.8 billion ports unitSale to give BlackRock-led group 90% of Panama Ports CompanyCK Hutchison says sale purely commercial, unrelated to politicsTrump says his government has started to reclaim Panama CanalJPMorgan calls the sale a 'surprise' and '...Reuters
Thu, Mar 6
Economic Indicator
Australia’s Trade Surplus increases to 5,620M MoM in January vs. 5,500M expected
Australia’s trade surplus increased to 5,620M MoM in January versus 5,500M expected and 4,924M (revised from 5,085M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.Fxstreet
Thu, Mar 6
Cryptocurrencies
Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors?
The United States, with its cycle of growing debt and debt servicing, may face a financial crisis in the next few years. Ray Dalio, the billionaire investor and founder of Bridgewater Associates, boldly claims a looming debt crisis and calls it a “potential heart attack.” In a statement, Dalio argue...NewsBTC
Thu, Mar 6
Cryptocurrencies
Bukele Stands Firm: Bitcoin Buying To Continue Despite IMF Pressure
Nayib Bukele, the president of El Salvador, is not changing his mind on his Bitcoin approach. He said he will continue to buy Bitcoin, despite the opposition of some sectors–the International Monetary Fund included. Bukele stated that purchases will continue even though the IMF, as part of a $...Bitcoinist
Thu, Mar 6
