By Samuel Indyk and Ankur Banerjee
LONDON (Reuters) -The dollar was a touch lower on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates this year, while the yen lurched lower after last week's suspected intervention fuelled a wild ride.
The yen last week clocked its strongest weekly gain since early December 2022 following two bouts of suspected intervention from Tokyo to pull the currency away... (continue reading...)
By Noah Browning
LONDON (Reuters) -Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.
Brent crude futures gained 73 cents, or 0.9%, to $83.69 a barrel at 0852 GMT, while U.S. West Texas Intermediate crude futures were at $78.95 a barrel, up 84 cents, or... (continue reading...)
PARIS (Reuters) - Marseille's public administration asked the local state authority on Sunday to requisition striking garbage collection workers, compelling enough of them back to work to maintain a service, two days before the Olympic torch is expected to reach the port city.
WHY IT'S IMPORTANT
The strike, which has been going on since April 30, could tarnish the city's image just when it's in the global spotlight as the Olympic torch... (continue reading...)
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
The relief across world markets as signs of a softening in the U.S. jobs markets strengthens the case for Federal Reserve rate cuts to start later this year remains palpable.
Not only did U.S. 10-year Treasury yields end Friday down 17 basis points, in their biggest weekly drop of the year, but the S&P 500 stock index had its best day in over two months.
... (continue reading...)(Reuters) - U.S. Vice President Kamala Harris on Monday announced more than $100 million in funding and resources to support American auto workers and small auto suppliers.
Historic contracts secured by the United Auto Workers with the Big Three Detroit automakers and recent organizing victories ensure that these jobs will provide comparable wages, retirement security and respect at work, the office of the VP said in a statement.
... (continue reading...)More Reuters
View Older Stories-
Explainer-What is at stake for sovereign debt bill as New York legislature reconvenes
-
Kremlin says nuclear weapon drills are Russia's response to West's statements
-
Biden meets Jordan's King Abdullah as Gaza ceasefire hopes dim
-
French carmakers target fourfold jump in EV sales by 2027
-
China home sales slump 47% over May Day holiday vs 2023
-
Reaction to Israel's Rafah evacuation call
-
China May Day holiday spending shows mixed picture on post-COVID recovery
-
Euro zone business activity grows at fastest pace in almost a year, PMI shows
-
German services sector picks up pace in April, PMI shows
-
Sabadell's board meets to analyse BBVA bid proposal, newspapers say
-
KKR to buy India's Healthium Medtech at $839 million valuation, sources say
-
China's health body probes hospital after surrogacy claims
-
Russia's overnight drone attack cut power to over 400,000 consumers, says Ukraine's energy ministry
-
European shares climb on energy boost, rate-cut hopes
-
Russia to practice tactical nuclear weapon scenario in drills to deter West
-
Australian submarine builder ASC's workers strikes may disrupt maintenance
-
Taiwan must invest in building its own 'strengths', vice president-elect says
-
Israel begins evacuating part of Rafah, Hamas decries 'dangerous escalation'
-
Italy's white-collar mafia is making a business killing
-
Volvo Cars April sales rise on strong EV demand
-
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
-
Ukrainian drones kill six, injure 35 in Russia's Belgorod region, governor says
-
Russia will have to increase its missile arsenal to deter the West, diplomat says
-
China's Xi in Paris to meet Macron, with trade, Ukraine talks planned
-
Italy calls for Ukraine truce, peace talks with Putin - newspaper
-
Russia’s services sector grows at slowest rate in 15 months, PMI shows
-
Hard right wants more EU power to reflect likely election gains
-
Low-budget Chinese travellers highlight shift in Hong Kong tourism
-
Chinese tariffs could leave cognac makers with too much brandy
-
Chinese tariffs could leave cognac makers with too much brandy
-
Atos says it received four restructuring offers
-
Atos says it received four restructuring offers
-
Atos says it received four restructuring offers
-
Ailing French IT firm Atos says it received four restructuring offers
-
Atos says it received four restructuring offers
-
Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports
-
Philippines, US repel mock foreign invaders in annual military exercises
-
Canada's WestJet reaches tentative deal with union to avoid work stoppage
-
Israel military calls on Palestinian civilians to evacuate Rafah
-
Morning Bid: Back on the rate cut track
-
Russian drone attack disrupts power supply to parts of Ukraine's Sumy region
-
Indonesia's Q1 GDP growth beats forecasts, but outlook's uncertain
-
Global health heavyweights team up for climate, disease funding
-
RBNZ must keep policy restrictive until inflation falls within target, OECD says
-
ECB rate cut case getting stronger, says chief economist Lane
-
South Korea finds illegal stock short sales by seven more banks
-
North Korea bolsters leader Kim with birthday loyalty oaths
-
Philippines says won't raise South China Sea tensions, won't use water cannons
-
Indonesia proposes cutting payments for S.Korea fighter jet project, Yonhap reports
-
Asia shares rally on China's gains, Fed cut bets; yen weakens