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US to suspend some duties on phosphate fertilizer from Morocco

By Kanishka SinghU.S. President Donald Trump has authorized the temporary suspension of certain duties on phosphate fertilizer imported from Morocco, the White House said on Monday, as farmers grapple with fertilizer shortages due to the Iran war.White House economic adviser Kevin Hassett said in M…

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Economy
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Japan's May factory output growth lagged forecasts

By Satoshi SugiyamaJapan's factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday.Here are a few details.• Industrial output grew 0.5% in May from the previous month, versus the median market forecast for a 1.1% rise, according to the Mi…

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Economy
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Global financial firms pivot to South Korea, cautious on China and India, survey shows

By Jayshree P UpadhyayGlobal financial firms are pivoting expansion plans towards South Korea while taking a more measured approach to China and India, according to an industry survey.Firms are also scaling existing businesses and widening product lines in a narrower set of markets, the survey cond…

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Economy
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Japan May factory output rises 0.5% month-on-month

Japan's factory output rose 0.5% in May from the previous month, versus the median market forecast for a 1.1% rise, government data showed on Tuesday.Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase 3.7% in June and stay flat in Jul…

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Economy
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Trump urges gasoline retailers to lower prices, warns of 'big problems' if they don't

U.S. President Donald Trump said on Monday gasoline retailers must get prices down immediately and warned that there will be "big problems" ahead if they did not do so."Gasoline Retailers must get their Prices down, IMMEDIATELY," Trump wrote on Truth Social."There will be no gauging, which is total…

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Economy

CME cattle futures fall as temperatures rise

Chicago Mercantile Exchange live and feeder cattle futures closed down on seasonal pressure, as higher temperatures put a few more cattle into a tight market, according to analysts."The hot weather makes people more willing sellers," said Cassie Fish, an independent analyst and author of The Beef b…

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Futures
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Australia sues Amazon unit over alleged breach via Prime Video ads

Australia's competition regulator said on Tuesday it has taken Amazon's NASDAQ:AMZN Australian unit to court, alleging its Prime subscription contracts contained unfair terms that allowed the company to add advertising to its video streaming platform.The Australian Competition and Consumer Commissi…

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StocksAU
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Trump says he picks Sonderling to be labor secretary

By Bo Erickson and Costas PitasU.S. President Donald Trump posted on Truth Social on Monday that he would nominate Keith Sonderling, who is acting labor secretary, to take on the role permanently, which would require Senate approval."Throughout his career, Keith has proven his dedication to deliver…

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Economy
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US leads global CO2 emissions increase in 2025, report finds

The United States accounted for about a third of the rise in global carbon emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed.Here are highlights from the report, produced in partnership with Ember, Kearney Institute and KPMG:

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Economy