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Japan finance minister says forex intervention should be done in restrained manner Jun 6, 2024 09:01PM

TOKYO (Reuters) - Finance Minister Shunichi Suzuki said on Friday that recent foreign exchange intervention was conducted to contain excessive volatility, but such action should be done in a restrained manner.

"Foreign exchange intervention should be done with its necessity and effectiveness taken into account," Suzuki said, speaking in a regular post-cabinet meeting news conference.

Data from the Ministry of Finance showed last week that... (continue reading...)


Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate Jun 6, 2024 08:54PM

By Katya Golubkova

TOKYO (Reuters) - Oil prices rose on Friday, continuing to climb after OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements and as an interest rate cut in Europe raised the prospect of a similar U.S. move.

Brent crude futures rose 16 cents or 0.2% to $80.03 per barrel and U.S. West Texas Intermediate crude futures rose 16 cents or 0.2% to $75.71 as at 0007 GMT.

... (continue reading...)


Russia, China wrangle with US over UN resolution on Gaza ceasefire plan Jun 6, 2024 08:51PM

By Michelle Nichols

UNITED NATIONS (Reuters) - Russia and China, which hold veto powers in the U.N. Security Council, raised concerns on Thursday with a U.S. draft resolution that would back a proposal - outlined by President Joe Biden - for a ceasefire between Israel and Palestinian militants Hamas.

The council's only Arab member, Algeria, also signaled it was not ready to back the text, diplomats said. A resolution needs at least nine... (continue reading...)


US appeals court rules some books be restored to Texas library shelves Jun 6, 2024 08:28PM

By Brad Brooks

(Reuters) - A federal appeals court panel on Thursday ordered that eight of 17 books that had been removed from a Texas library's shelves over conservatives' complaints that they were inappropriate must be returned.

The New Orleans-based 5th U.S. Circuit Court of Appeals panel said in a 2-1 ruling that partially upheld a lower court's injunction that the library in the small town of Llano had infringed on defendants' First... (continue reading...)


Biden to condemn isolationism at cliffs of Normandy in echo of Reagan Jun 6, 2024 08:24PM

By Jeff Mason

PARIS (Reuters) - Near the cliff that U.S. Army Rangers scaled 80 years ago on D-Day, U.S. President Joe Biden planned on Friday to compare the threats posed by Nazi Germany to those facing the world today by dictators and authoritarianism.

Biden's speech in Normandy, his second in as many days, is aimed at strengthening support for Ukraine, but it is also expected to be a rebuke of the isolationist inclinations of Donald... (continue reading...)


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