Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Coca-Cola Co joined a list of big US companies laying off thousands of workers after reporting a 28 percent slump in sales last month due to the effects of the pandemic.
The company was offering voluntary redundancy to 4,000 workers in the US, Canada, and Puerto Rico and would offer similar deals in other markets, while signaling that more layoffs were likely.
According to the company, the voluntary program is expected to cut the number of involuntary separations, adding that it would incur expenses of about $350 million to $550 million in global severance programs.
Coca-Cola also intends to halve the number of its operating units from the current 17 to nine under four geographical segments.
The company took a hit from closures of cinemas, restaurants, and bars where it usually sells heavily.
Shares in the company rose by about one percent in early trading.
Among US companies that would cut thousands of jobs were United Airlines Holdings Inc, which would reduce cut pilot jobs by about 21 percent due to a slump in air travel.
Oilfield services giant Schlumberger NV and Cosmetics maker Estee Lauder Cos Inc have in recent weeks announced plans to cut thousands of jobs.
