The USDA’s just-announced Great American Cotton Plan reads at first like a routine farm support announcement. The familiar pieces are there: crop insurance, government loans and the usual Washington language about a vital agricultural sector USDA has producers on tr
May private payrolls and service sector activity reports may signal economic momentum ahead of Friday’s nonfarm payrolls release. US investors will focus on ADP’s May private sector employment report, expected to show continued job growth. Weekly estimates from the firm su
Washington plans additional tariffs on imports from 60 countries, including a 12.5% levy on India, citing forced labor enforcement failures. The US will impose new tariffs of at least 10% on imports from 60 countries, including a 12.5% levy on India, due to inadequate enfo
June policy discussion will be easy if US-Iran conflict remains The ECB policymaker expects the June discussion to be straightforward if the US-Iran conflict continues. A peace deal before the meeting could make the discussion more complex. The policymaker
Washington proposes tariffs on imports from 60 countries, including China and the EU, citing failure to ban forced labor goods. The U.S. Trade Representative proposed tariffs of up to 12.5% on imports from 60 economies, citing inadequate enforcement of forced labor bans. T
US proposes 10% tariffs on 60 countries over forced labor The US has proposed tariffs of at least 10% on imports from around 60 countries. The move is in response to forced-labour practices and aims to reconstruct the country-by-country tariff regime. China
Treasury Secretary confirms direct takeover of crypto wallets tied to Iran, citing strategic missteps by Tehran. The U.S. has seized approximately $1 billion in cryptocurrency assets linked to Iran, according to Treasury Secretary Scott Bessent. The assets were taken throu
Business costs hit a 43-month high, halting 13 months of sector growth as Middle East disruptions and labor expenses rise. Japan’s services sector stagnated in May, with the PMI holding at 50.0, ending a 13-month expansion streak. The stall was driven by a record surge in
Tokyo approves ¥3.1 trillion supplementary budget to offset rising fuel and utility costs amid Middle East tensions. Japan’s cabinet passed a ¥3.1 trillion ($19 billion) supplementary budget to subsidize fuel and utility costs, targeting inflation driven by Middle East con
New orders contracted at the fastest pace in two and a half years, pushing the index below 50 for the first time since late 2024. Australia’s services Purchasing Managers’ Index dropped to 48.7 in May from 50.7 in April, signaling contraction as new orders fell at the shar
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