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European shares rise on easing US-China trade tensions
European stocks rose on Friday, led by automakers, as signs of easing trade tensions between Beijing and Washington raised hopes of a de-escalation in the…
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Jobs data, trade and fiscal policies in focus with S&P 500 on cusp of record
Investors who have been captivated by recent geopolitical events are poised to shift their attention in the coming week to key economic data and looming…
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Canada’s GDP contracts in April, likely another decline in May
Canada's economy contracted in April on a monthly basis, data showed on Friday, as sectors exposed to tariffs and uncertainty negated a boost from services.
Fed’s Kashkari expects two rate cuts this year, with pause possible
(Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari is sticking to his view that cooling inflation will allow the world's most important major central…
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US consumer spending falls unexpectedly in May
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead…
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Nike rallies on efforts to tackle tariff costs as turnaround takes shape
Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China production for U.S.-bound…
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Gresham House CEO sees US clients looking to Europe for green investments
By Simon Jessop LONDON (Reuters) -U.S. and Asian investors are looking to Europe after a pullback in U.S. government support for domestic projects linked to…
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Airlines suspend Middle East flights
Many airline services remain disrupted in the Middle East arising from the 12-day air war between Iran and Israel that ended with a U.S.-brokered ceasefire…
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US will not complete oil deliveries into its reserve until year-end
The U.S. will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as…
Countries agree 10% increase for UN climate budget
Countries agreed on Thursday to increase the U.N. climate body's budget by 10% for the next two years, a move the body welcomed as a…