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US lifts restrictions on Enterprise Product's ethane shipments to China Jul 2, 2025 05:20PM

By Arathy Somasekhar and Karen Freifeld

HOUSTON (Reuters) -The U.S. has cleared the way for Enterprise Products Partners to resume ethane shipments to China, the company said on Wednesday, revoking a restrictive license requirement that was put in place just weeks ago as the U.S.-China trade war turned from tariffs to supply chains.

The U.S. had placed new restrictions on ethane -- and a wide swathe of other exports -- to China in late May... (continue reading...)


Sean 'Diddy' Combs loses bid for release on bail ahead of sentencing Jul 2, 2025 05:20PM

NEW YORK (Reuters) -A U.S. judge on Wednesday denied Sean "Diddy" Combs' bid to be released from jail ahead of his sentencing, after the music mogul was convicted on prostitution-related offenses but cleared of more serious charges of racketeering conspiracy and sex trafficking. 

(Reporting by Luc Cohen in New York; Editing by Chris Reese)


US Fed bank supervision chief takes buyout, email says Jul 2, 2025 05:17PM

WASHINGTON (Reuters) -Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reuters.

In the message to fellow Fed officials, Gibson also said deputy directors Jennifer Burns and Arthur Lindo had likewise decided to retire later this year.

... (continue reading...)


Greek firefighters battle wildfire on island of Crete Jul 2, 2025 05:12PM

ATHENS (Reuters) -Greek firefighters on Wednesday battled a blaze that raged on the popular vacation destination of Crete, burning forest land, threatening homes and prompting the evacuation of residents and tourists from at least four settlements on the island.

At least 155 firefighters, assisted by 38 engines and water trucks, battled the flames in the municipality of Ierapetra at the southeastern coast of the country's largest island, the Greek fire... (continue reading...)


Trading Day: Get ready for the jobs report Jul 2, 2025 05:07PM

By Lewis Krauskopf

NEW YORK (Reuters) - -TRADING DAY

Making sense of the forces driving global markets

By Lewis Krauskopf, Markets Reporter 

Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what moved markets today. A long holiday weekend awaits U.S. investors, but not before digesting a heaping portion of economic data and perhaps more developments on... (continue reading...)


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