Reuters

By Florence Tan

SINGAPORE (Reuters) - Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong U.S. jobs data on Friday.

Brent crude futures and U.S. West Texas Intermediate crude futures slipped 4 cents to $79.58 and $75.49 a barrel, respectively, by 0036 GMT.

On Friday, data showed the U.S. added more jobs... (continue reading...)

LISBON (Reuters) - Portugal's prime minister, whose rightist coalition won a general election in March, said on Sunday he would back former centre-left Socialist premier Antonio Costa if he decides to run for the European Council top job.

The Council, which represents national governments of the 27 member states, is one of the European Union's three main political institutions, along with the European Commission and the European Parliament.

By Satoshi Sugiyama and Tetsushi Kajimoto

TOKYO (Reuters) - Japan's economy contracted less than initially reported in January-March, due to upgrades in capital expenditure, government data showed on Monday.

Analysts expect the Japanese economy to have bottomed out in the first quarter, although a stubbornly weak yen and disruptions at major automaker plants continue to weigh on the outlook.

Japan's GDP shrank a revised 1.8%... (continue reading...)

By Anita Komuves and Gergely Szakacs

BUDAPEST (Reuters) -Hungarian Prime Minister Viktor Orban's Fidesz party was on track for its worst result in a national or EU vote in nearly two decades at Sunday's European Parliament election, where a political newcomer trounced all other opposition parties.

In power since 2010, the veteran nationalist Orban has grappled with multiple crises over the past months as a sex abuse scandal brought down two... (continue reading...)

By Philip Blenkinsop

BRUSSELS (Reuters) - Europe's nationalist parties capitalised in the European Parliament election on voter disquiet over spiralling prices, migration and the cost of the green transition and will now seek to translate their seat gains into influence on EU policy.

Nationalist, populist and eurosceptic parties were on course to win just under a quarter of seats in the EU assembly, according to the chamber's own... (continue reading...)