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Australian Financial Review
US labour market continues to surprise with 147,000 new jobs
The US jobs market beat economists expectations of fewer than 118,000 new jobs and a rise in the unemployment rate.
Reuters
Sri Lanka's economic outlook positive but global trade concerns pose risks, IMF says
Sri Lanka's economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic and social stability, the International Monetary Fund (IMF) said on ...
Reuters
IMF says US tax, spending bill runs counter to deficit-cutting advice
The massive U.S. tax and spending bill slated for a final vote in Congress runs counter to the International Monetary Fund's recommendations that Washington reduce fiscal deficits over the medium term ...
Reuters
US private payrolls post first drop in more than two years; layoffs still low
U.S. private payrolls fell for the first time in more than two years in June as economic uncertainty hampered hiring, but low layoffs continued to anchor the labor market. Private payrolls dropped by ...
SCMP
US munition hub plan for Philippines’ Subic Bay sparks China retaliation fears
While Manila perceives economic benefits, critics fear Subic Bay facility would make the Philippines a target in any US-China confrontation.
Newsweek
US Layoffs Are Slowing, But Companies Are Staying 'Cautious' on Hiring
Planned layoffs fell 49 percent in June, according to report released Wednesday by outplacement firm Challenger, Gray & Christmas.
Financial Times
FirstFT: Trump announces US trade deal with Vietnam
Also in today’s newsletter, the Dalai Lama claims control over succession, and UK bonds slump on doubts over Reeves’ future ...
Bloomberg
US June Jobs Report Set to Show Strain from Trump’s Policies
Forecasters anticipate a monthly report on US employment will show slower hiring and the highest unemployment rate since 2021 as the Trump administration’s trade and immigration policy shifts start to ...
Reuters
US job growth expected to slow in June, unemployment rate forecast to rise
The U.S. labor market likely slowed further in June, with the unemployment rate expected to have edged up to more than a 3-1/2-year high of 4.3%, as economic uncertainty stemming from the Trump ...
Reuters
World Bank cuts Thailand's 2025 GDP growth outlook to 1.8% from 2.9%
Thailand's economic growth is projected to slow to 1.8% this year and 1.7% next year amid intensifying global and domestic headwinds, the World Bank said on Thursday. The growth forecasts were reduced ...
Reuters
US trade deficit widens in May on weak exports
The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the second quarter.
Financial Times
US economy surpasses expectations to add 147,000 jobs
The US economy added 147,000 jobs in June, breaking through expectations and leading investors to scale back their bets on interest rate cuts.
Bloomberg
US Jobs Preview: What to Watch for in the June Report
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Bloomberg
US Auto Sales Lose Steam After Tariff-Induced Shopping Spree
US auto sales are losing momentum after a springtime surge fueled by shoppers racing to buy cars before President Donald Trump’s auto tariffs drove up prices.Ford Motor Co.’s second-quarter sales ...
Reuters
US job market surprises with increased openings in May
U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into lower gear amid uncertainty over the Trump administration's tariffs on ...
SCMP
Japan plans US$6.9 billion shipyard push: for US trade, defence talks leverage?
Tokyo's government-backed 'national dockyard' initiative aims to rebuild infrastructure and provide support for repairing US Navy vessels Japan is drawing up plans to build and upgrade shipyards that ...
The Hill
44 percent say US becoming less patriotic: Survey
Forty-four percent of Americans said the country is becoming less patriotic, significantly more than the share who said Americans are becoming more patriotic, according to a survey published ...
Reuters
US manufacturing mired in weakness as tariffs bite
U.S. manufacturing remained sluggish in June, with new orders subdued and prices paid for inputs creeping higher, suggesting that the Trump administration's tariffs on imported goods continued to ...
Bloomberg
AfDB Cuts South Africa Growth Outlook by Half on Trade Concerns
South Africa must accelerate structural reforms to offset global challenges that include US President Donald Trump’s trade war, the African Development Bank said as it cut the nation’s economic ...
NHK
Trump remark on Japan tariff hike may be mere threat, Japanese economist says
A Japanese economist has said that signaling by US President Donald Trump of a tariff hike on Japan is probably just a threat reflecting dissatisfaction with an uncompromising trade partner.
Reuters
US to restart trade negotiations with Canada immediately, White House says
The United States will restart trade negotiations with Canada immediately after Canada scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett ...
Reuters
US, Canada to resume trade talks after Ottawa drops digital tax
OTTAWA/WASHINGTON - The United States will resume trade negotiations with Canada immediately after Ottawa scrapped its digital services tax targeting U.S. technology firms, White House economic ...
Reuters
US banks rise as Fed stress test success clears path for payouts
Wall Street's biggest banks rose in morning trading on Monday after sailing through the U.S. Federal Reserve's annual health check, setting the stage for billions in stock buybacks and dividends.
Reuters
Asian factories hobbled by US tariff risks despite modest relief
Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid ...
SCMP
Why China’s yuan is forecast to extend gains against the US dollar through 2025
A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.
Newsweek
China's Answer to Starbucks Launches First Stores in US
China's largest coffee chain, Luckin Coffee, opened its first two stores in the United States on Monday, marking its entry into the competitive American coffee market.
Reuters
Tariff risks muddy global outlook for factories
WASHINGTON/LONDON/TOKYO (Reuters) -Worries over future U.S. tariffs are clouding the outlook for factories across much of the United States, Asia and Europe, according to surveys released on Tuesday ...
Reuters
Switzerland faces downside risks if full US tariffs bite, IMF says
The International Monetary Fund cut its growth forecast for the Swiss economy in its latest report on Tuesday, citing worsening geopolitical tensions and tariffs as a drag on economic performance.
Financial Times
Trump’s spending and attacks on Fed put US safe-haven status at risk, economists warn
Donald Trump’s “breathtaking fiscal policy excess” and attacks on the Federal Reserve’s independence risk diminishing the US’s status as the ultimate safe haven for foreign investors, economists ...
Financial Times
Trump’s fiscal policy and attacks on Fed put US safe haven status at risk, economists say
Donald Trump’s “breathtaking fiscal policy excess” and attacks on the Federal Reserve’s independence risk diminishing the US’s status as the ultimate safe haven for foreign investors, economists ...
Reuters
Indonesia offers US opportunity of critical minerals joint investment as part of tariff talks
Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations with Washington, its senior economic minister said on Monday ...
Bloomberg
US-UK Auto Tariff Cut Comes Into Effect but No Progress on Steel
UK car manufacturers can export to the US under a 10% tariff starting Monday, a reduction from the 25% rate imposed by Donald Trump on other countries, as the first elements of an economic agreement ...
Financial Times
The US can beat China on critical minerals but not by copying it
China’s grip on critical mineral market infrastructure didn’t happen by chance. After the global financial crisis, well-intentioned regulatory reforms pushed capital out of Western commodity markets.
SCMP
US, Japan put Philippine railway project back on track after China plans fall through
The 212km (132-mile) Subic–Clark–Manila–Batangas (SCMB) Railway is now set to become the central spine of the Luzon Economic Corridor – a flagship initiative launched in April of last year by the US, ...
Wall Street Journal
U.S. Treasury Yields Drop as Economic Outlook Soften
U.S. Treasury yields fall in European midday trade, extending last week’s trend, as the economic outlook softens. U.S. first-quarter GDP was revised lower to -0.5% from -0.2% previously, while ...
Bloomberg
Lower UK-US Car Tariffs Take Effect, Without Progress on Steel
UK car manufacturers can export to the US under a 10% tariff starting Monday, a reduction from the 25% rate imposed by Donald Trump on other countries, as the first elements of an economic agreement ...
NHK
Japan's top trade negotiator, US Commerce chief hold phone talks
Japanese Economic Revitalization Minister Akazawa Ryosei has spoken with US Commerce Secretary Howard Lutnick over the phone twice in addition to their face-to-face talks in Washington.
Reuters
US consumer spending falls; tariff-related boost to inflation awaited
U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration's tariffs faded, while monthly inflation ...
Financial Times
Biggest US banks pass Federal Reserve stress tests
The lender with the biggest fall in its capital due to the theoretical stress was Deutsche Bank’s US operation, which had a hypothetical decline of more than 12 per cent, based on the averaged results ...
Wall Street Journal
US economy shrugs off trade war and soldiers on
Investors may not think the economy is taking off, but they are probably relieved that the worst-case scenarios feared in recent months haven’t come to pass. Trump’s tariffs, deportations, and cuts to ...
Bloomberg
US GDP Revised Lower as Consumers Slash Services Spending
US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.
The Hill
US economy shrunk faster than expected, new data shows
First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists. GDP contracted by 0.5 percent on an annualized basis, 0.3 ...
Reuters
US labor market losing steam; economic outlook uncertain
The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an uncertain economic ...
SCMP
US economy shrank 0.5% in first quarter, worse than earlier estimates revealed
Growth weighed down by surge of imports as US companies and households rushed to buy foreign goods before Trump could impose tariffs on them.
Reuters
US labor market softening as more people remain on unemployment rolls
The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an uncertain economic ...
Newsweek
US Trade Deficit Surges Despite Donald Trump's Tariffs
President Donald Trump's tariff plan has not delivered his desired result as exports declined while imports did not change significantly.
Financial Times
Transcript: Can anything stop the US economy?
This is an audio transcript of the Unhedged podcast episode: ‘Can anything stop the US economy?’ Robert Armstrong Inflation, high interest rates, an AI bubble, bad sentiment, tariffs, a lousy housing ...
Financial Times
Heathrow warns of weakening demand for US business travel
Heathrow has warned of a more “challenging” market for transatlantic flights triggered by economic uncertainty in the US, as the UK’s biggest airport said it was seeing “early signs of softness” on ...
Reuters
US consumer spending falls unexpectedly in May
US consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate.