Kim Jong Un honors North Korean troops in Ukraine
North Korean leader Kim Jong Un praised troops who fought for Russia in Ukraine, calling them "heroic" during a ceremony honoring soldiers of the army...
Asian shares slipped on Thursday as disappointing Chinese economic data and a sharp fall in copper prices weighed on sentiment, while the yen firmed after the Bank of Japan held interest rates steady but raised its inflation forecast.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%, though it remains on track for a fourth straight monthly gain in July. Stocks in Hong Kong and China led the declines after official purchasing managers’ indices showed weaker-than-expected activity.
The yen strengthened 0.6% to 148.62 per U.S. dollar after the Bank of Japan unanimously kept its short-term rate at 0.5% but signalled a possible rate hike later in the year. Japanese shares were little changed, with the Nikkei 225 index last up 0.9%.
Investors also digested a flurry of developments, including a U.S.-South Korea trade deal, the Federal Reserve’s decision to hold rates steady, and strong earnings from Microsoft and Meta Platforms. Nasdaq futures jumped 1.2% on the back of the tech results, while S&P 500 futures rose 0.8%.
The Federal Reserve’s rate-setting committee voted 9-2 to keep rates unchanged for the fifth consecutive meeting, the first time in over three decades that two governors dissented. Fed Chair Jerome Powell’s remarks tempered expectations of a September rate cut.
The U.S. dollar index traded at 98.81, just below Wednesday’s two-month high, and is set for its first monthly gain of 2025.
Copper futures plunged 19% after President Donald Trump announced a 50% tariff on copper pipes and wiring, though raw materials such as ores and cathodes were excluded.
Oil prices were steady, with Brent crude for September delivery down 0.2% at $73.10 a barrel, while U.S. West Texas Intermediate was unchanged at $70.01.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Israel will begin immediate negotiations for the release of all hostages held in Gaza, Prime Minister Benjamin Netanyahu said Thursday, while maintaining military pressure on Gaza City.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
Iran’s Foreign Minister Abbas Araghchi has ruled out imminent nuclear negotiations with the United States but said talks with the European powers and the International Atomic Energy Agency (IAEA) are planned for coming days.
Israel has given final approval for a highly controversial settlement project in the occupied West Bank, a move that critics say would effectively sever the territory and deal a severe blow to the prospects of a future Palestinian state.
Türkiye is stepping up as a key player in efforts to end the Russia-Ukraine war. President Recep Tayyip Erdoğan, NATO chief Mark Rutte, and senior Turkish officials all emphasized Ankara’s key role in promoting lasting peace.
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