Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Boeing Withdraws Pay Offer as Strikes Continue
Boeing (NYSE: BA) has withdrawn its pay offer to approximately 33,000 factory workers on strike across the U.S. West Coast, with no further negotiations planned, according to a company announcement on Tuesday.
The aerospace giant's Commercial Airplanes head, Stephanie Pope, expressed disappointment in the union's response, stating, "Unfortunately, the union did not seriously consider our proposals," labeling the demands as "non-negotiable."
Union Demands and Boeing’s Final Offer
The workers, represented by the International Association of Machinists and Aerospace Workers (IAM), are demanding a 40% pay increase over four years and the reinstatement of a defined-benefit pension, which was removed from contracts a decade ago. Boeing’s latest proposal, offered last month and described as its "best and final," included a 30% raise and the restoration of performance bonuses. However, the union deemed this insufficient, as indicated by a membership survey.
Stalemate in Negotiations
In a statement, the IAM criticized Boeing for its refusal to consider key union demands, including wage increases, vacation accrual, and pension reinstatement. "Boeing is hell-bent on standing by its non-negotiated offer," the union declared, reinforcing the current impasse.
With both parties at a standstill, the future of negotiations remains uncertain as strikes continue, affecting production across Boeing’s U.S. West Coast facilities.
