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European allies fill most gaps left by US in NATO defence plans, top commander says

European NATO allies have largely filled the gaps left by the United States in the alliance's defence plans, NATO's top commander said on Thursday, adding the bloc was looking at workarounds to address the remaining shortfalls in a few areas."Most may not know – although there was some reporting ov…

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US factory orders fall in May, weighed down by weak demand for commercial aircraft

New orders for U.S. factory goods fell in May amid a decline in bookings for commercial aircraft, but demand elsewhere remained strong, partly driven by investment in artificial intelligence.Factory orders dropped 1.3% after an upwardly revised 5.3% jump in April, the Commerce Department's Census B…

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Economy
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Searching for fuel in Russia

By Carmel CrimminsHi there,Happy July 4 weekend to all those who will soon be celebrating – and greetings to Reuters Tariff Watch subscribers who have switched over to Econ World. Welcome!We kick off in Ukraine, where Russia grabbed the headlines with its most intense attack on Kyiv so far this yea…

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IMF to raise Brazil 2026 growth forecast, finance minister says

Brazil's Finance Minister Dario Durigan said on Thursday that the International Monetary Fund is expected to raise its forecast for Brazil's economic growth in 2026, as well as its estimate of the country's potential growth rate."(IMF) called me early today," Durigan said at an event hosted by deve…

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TABLE-US May factory orders data

July 2 (Reuters) - U.S. Commerce Department seasonally adjusted data on U.S. factory orders, shipments and unfilled orders.ORDERS - PCT CHANGES: May Apr Mar New Orders -1.3 5.3 1.8 Ex-Transportation 1.9…

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Economy

US yields retreat after soft payrolls report

By Chuck MikolajczakU.S. Treasury yields declined on Thursday, after a weaker-than-expected report on the labor market dented expectations for a rate hike by the Federal Reserve in the near future.The Labor Department said nonfarm payrolls increased by 57,000 jobs last month after a downwardly revi…

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Hungary threatens clampdown on EV battery industry after pollution case

By Gergely SzakacsHungarian Environment Minister Laszlo Gajdos has threatened to close factories in the EV battery industry that fail to abide by environmental regulations, marking a major policy shift from right-wing leader Viktor Orban, who lost power in April.From 2021 Orban bet big on EV batter…

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India refiner Nayara's gasoline sold to Russia via traders, sources say

By Nidhi VermaTraders have sold gasoline produced by Indian refiner Nayara Energy to Russia, which is grappling with fuel shortages triggered by Ukrainian attacks on its energy infrastructure, two sources with direct knowledge of the matter said on Thursday.Reuters reported on Wednesday that Russia…

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Futures
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US May factory orders data

July 2 (Reuters) - For the U.S. Commerce Department's data on U.S. factory orders, shipments and unfilled orders, see: https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf((Washington newsroom))

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Economy