Fire at airport cargo complex disrupts Bangladesh’s garment exports
A large fire at the import cargo complex of Dhaka airport has caused significant damage to goods and materials belonging to key garment exporters, wit...
Asian stocks and oil prices slipped on Tuesday ahead of a major central bankers’ meeting, as investors weighed positive signals from peace efforts between Russia and Ukraine.
European equity futures ticked higher after Ukrainian President Volodymyr Zelenskyy said that security guarantees for Kyiv could be finalised within 10 days following talks with U.S. President Donald Trump and European partners.
Japan’s Nikkei index briefly set a new intraday record before retreating. The U.S. dollar held gains from Monday as traders awaited guidance from the Federal Reserve before its Jackson Hole symposium later this week.
Kyle Rodda of Capital.com noted that markets remain cautious, with expectations of a dovish shift from the Fed. Equity strength and further dollar weakness, he said, depend on the central bank meeting these expectations.
MSCI’s broadest Asia-Pacific index outside Japan dipped 0.2% after U.S. stocks ended slightly lower. In Europe, Euro Stoxx 50 futures rose 0.3%, German DAX futures gained 0.2%, and UK FTSE futures added 0.3%.
NATO Secretary-General Mark Rutte told Fox News that the Trump–Zelenskyy meeting with European and NATO partners had been “very successful.” The talks followed last week’s Alaska summit between Trump and Russian President Vladimir Putin, which failed to secure a ceasefire. Trump later said he had called Putin and was preparing a direct meeting between him and Zelenskyy, followed by a trilateral summit.
Markets are also focused on the Jackson Hole symposium running from 21-23 August, where Fed Chair Jerome Powell will outline the economic outlook. Futures data show an 83.6% chance of a quarter-point cut at the September 17 Fed meeting, according to CME FedWatch.
Japan’s Nikkei fell 0.5%, weighed down by a 5% drop in SoftBank after it announced a $2 billion investment in struggling U.S. chipmaker Intel.
On currencies, the dollar stood at 147.78 yen, the euro was steady at $1.1658, and the dollar index edged up to 98.171 after Monday’s 0.2% rise.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
A large fire at the import cargo complex of Dhaka airport has caused significant damage to goods and materials belonging to key garment exporters, with losses and impacts on trade potentially amounting to millions of dollars, according to industry leaders on Sunday.
The Orenburg gas processing plant, the world's largest facility of its kind, has been forced to halt its intake of gas from Kazakhstan following a Ukrainian drone strike, according to Kazakhstan's energy ministry.
The Louvre Museum in Paris was closed on Sunday after thieves broke in and stole “priceless” jewellery from the Napoleon collection, the French government said.
Former French president Nicolas Sarkozy said he is not afraid of going to prison, days before beginning a five-year sentence over his 2007 campaign financing case linked to Libya.
Millions of Americans took to the streets for “No Kings” rallies across all 50 states, denouncing what they called the corruption and authoritarianism of President Donald Trump.
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