Netanyahu meets US envoy to discuss Gaza ceasefire
Israeli Prime Minister Benjamin Netanyahu met with US President Donald Trump’s Special Envoy for the Middle East, Steve Witkoff, in a meeting held a...
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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Kazakhstan is preparing to raise oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7 million tonnes next year, Interfax-Kazakhstan reported on Thursday, citing Energy Minister Yerlan Akkenzhenov.
Türkiye and Gabon have signed eight significant agreements in Ankara on 31 July. During an official ceremony attended by President Recep Tayyip Erdoğan and Gabonese President Brice Clotaire Oligui Nguema, joint cooperation documents between the two countries were formalised.
Traces of organic chlorides have been detected in some batches of crude oil sent to global markets via the Baku–Tbilisi–Ceyhan (BTC) pipeline, one of Azerbaijan’s main export routes.
Kazakhstan Temir Zholy, the country's national railway company, has announced plans to construct more than 1,700 kilometers of new rail lines and upgrade 3,000 kilometers of existing ones as part of the strategic Trans-Kazakhstan Railway Corridor development.
China and the United States have agreed to extend tariff pauses and deepen economic consultations following two days of trade talks in Stockholm, Chinese Vice Premier He Lifeng said on Tuesday.
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