Tag:

Asia

World

Title: Moldova summons Russia’s ambassador over drone intrusion

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Moldova’s government on Friday protested what it called an “unacceptable” violation of its ‍airspace by Russian drones, summoning the Russian ambassador to Chisinau to demand an ​explanation.The Moldovan Ministry of Foreign Affairs stated multiple drones were detected​ over the country, with some reportedly entering Moldovan airspace near the Ukrainian⁣ border.

The incident ⁢escalates tensions between Moldova and ⁢Russia amid the ongoing conflict in Ukraine, ‍raising concerns about potential destabilization⁣ within the small, landlocked nation. Moldova,which shares a long border with ⁤Ukraine ​and has a breakaway pro-Russian‌ region of Transnistria,has been increasingly vocal in its support for Kyiv and has expressed fears of potential Russian⁢ interference. The intrusion occurred as Ukraine reported intensified Russian attacks, including drone strikes, across its territory. Moldovan officials have indicated they are‍ investigating the origin and purpose of the drones, and the incident is likely to further⁤ strain already fragile ‌relations with Moscow, possibly impacting future diplomatic efforts ⁣and⁢ regional security.

0 comments
0 FacebookTwitterPinterestEmail
Business

Trading Day: Bulls in charge ahead of Turkey Day

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

NEW YORK, Nov 22 (Reuters) – ⁢U.S. stocks surged on Wednesday,‌ propelled by strong ‌earnings reports and growing optimism about a potential Federal Reserve pivot, as ​investors positioned themselves ahead of the Thanksgiving holiday.

The Dow⁢ Jones Industrial Average climbed 330.99 points, or 0.97%, to 34,347.76, the S&P 500 gained 1.03% to 4,559.34,and the Nasdaq Composite rose 1.37% to 14,250.98.‌ All ⁤three major indexes posted their largest daily percentage gains in over a month.

Investor sentiment was boosted‍ by better-than-expected earnings from companies like Best Buy ⁢and Hewlett Packard Enterprise, signaling resilience in consumer spending and corporate performance. Simultaneously,minutes from the Federal ‍Reserve’s latest​ policy meeting indicated a willingness to consider slowing the pace of interest⁤ rate hikes,fueling speculation that the​ central bank may be⁢ nearing the ​end of its tightening cycle. This shift in expectations sent bond yields lower and provided further support for equities.

“The market is interpreting ⁤the Fed minutes as possibly dovish, suggesting a slower pace of rate ⁢hikes,” said⁣ Robert Pavlik, senior portfolio manager​ at Dakota Wealth Management. “Combined with‍ solid‍ earnings, this is creating a positive feedback loop.”

The energy sector lagged, ⁣falling 0.8%, as ‍oil prices declined amid concerns about global demand. ⁣Though, technology stocks led the gains, with companies like Apple‌ and Microsoft⁤ contributing considerably to the Nasdaq’s advance.

Trading volume is expected to be lighter than usual on Wednesday and Friday due to the Thanksgiving holiday. Investors will be closely watching economic data releases next week, including the Personal Consumption Expenditures (PCE) ⁢price index, for further‌ clues about the Fed’s​ future policy path.

0 comments
0 FacebookTwitterPinterestEmail
World

Trump urged Japan to avoid escalation in China dispute, sources say

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

WASHINGTON, Nov 16 (Reuters) – Former U.S.President Donald trump privately cautioned Japanese officials against escalating tensions with China over the potential release of treated wastewater from the Fukushima nuclear plant, according to sources familiar with the discussions. Trump’s advice, delivered during recent conversations, underscored concerns about the economic fallout for Japan shoudl relations with its largest trading partner deteriorate.

The warnings from Trump come as Japan has begun releasing the water, a move approved by the International Atomic Energy Agency (IAEA) but strongly condemned by China, which has imposed a blanket ban on all seafood imports from Japan. The situation presents a delicate diplomatic and economic challenge for Japan, balancing its alliance with the United States against its crucial economic ties with China. The potential for broader trade disruptions and regional instability is notable, prompting Trump to urge a cautious approach, sources said.

Trump reportedly emphasized the importance of maintaining stable trade relations with China,suggesting Japan explore avenues for de-escalation and dialogue. He highlighted the potential for significant economic damage to Japan if China were to further retaliate against the wastewater release, according to individuals briefed on the conversations.

The former president’s intervention reflects his continued interest in international affairs and his established rapport with foreign leaders, even after leaving office. While not currently holding a formal position, Trump remains a powerful voice within the Republican party and a potential future presidential candidate.

Japan initiated the release of the treated water in August, asserting it is indeed a necessary step in decommissioning the Fukushima plant, which was crippled by a massive earthquake and tsunami in 2011. The IAEA has consistently affirmed the plan meets international safety standards and has a negligible radiological impact. However, China maintains the release is unsafe and irresponsible, fueling diplomatic friction and impacting Japanese seafood exports.

0 comments
0 FacebookTwitterPinterestEmail
Business

Global Silver Market Faces New Risk Amidst Inventory Decline

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

China‘s Silver Demand Tightens Global Market, Sparks ‌Price Surge

SHANGHAI -​ A confluence of factors,⁤ including dwindling Chinese ⁢inventories,⁢ increased domestic demand, and potential trade disruptions, is placing ⁤significant ⁢pressure on the global silver market, driving spot prices above $52 an ounce as of ⁣Wednesday. The tightening supply comes as⁤ China’s ⁢silver consumption,notably ⁤in the booming photovoltaic sector,rises alongside a shift in investor behavior following recent tax ⁢policy changes.

The situation is particularly sensitive given ⁢existing geopolitical tensions and the potential for further market‌ volatility. Experts warn that proposed U.S.silver tariffs could exacerbate the squeeze, locking existing silver supplies within the U.S. and intensifying the impact on Shanghai markets already grappling with inventory shortages. this confluence of events has created a ‍”backwardation” – where ⁣near-term silver prices exceed ⁤those of future contracts – ⁣signaling an immediate supply crunch.

Daniel Ghaly, a commodities strategist at TD Securities, explained the potential ramifications ⁢of tariffs: ⁣”If silver tariffs are imposed, silver that has already made its way into the U.S. will be ⁢locked up. If that happens while Shanghai markets‌ are still reeling from the effects of the last time London supported, the impact will be significant.”

China’s declining⁣ silver inventories, coupled with ‌a relatively fixed supply, are fueling concerns among analysts. Wu of Jinrui Futures highlighted the inelasticity of supply as a ⁣key driver ‍of the current price pressures.‌ Concurrently, demand is being bolstered by China’s⁢ expanding ⁤solar panel industry, which relies heavily on‌ silver for its⁢ photovoltaic components. The fourth quarter traditionally represents peak installation season for solar projects, further amplifying demand.

Recent policy shifts within China are also contributing to the dynamic. Some retailers have begun prioritizing silver purchases following ⁤the removal of⁣ a long-standing value-added tax ‍deduction on certain gold sales conducted⁣ outside of official exchanges. This shift in preference is adding another layer ‍of demand⁣ to an already constrained market.

0 comments
0 FacebookTwitterPinterestEmail
Business

Title: Japan Sees Improving Consumer Sentiment Amid Inflation Concerns

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Japan‘s Consumer Confidence Rises, Supporting ⁢’Moderate’ Economic Recovery​ Assessment

Tokyo – Japan’s consumer sentiment⁤ is showing signs of betterment, the government ​reported on Friday, reinforcing its⁤ assessment that ⁢the nation’s economic recovery remains on a “moderate” trajectory. The latest data offers a cautiously optimistic signal for the world’s ‍third-largest⁣ economy,which ⁢has been navigating a complex landscape⁤ of global headwinds and domestic challenges.

The uptick in​ consumer confidence is a ⁤key indicator for Japan, where personal consumption ​plays a crucial role ⁤in driving economic growth.While persistent inflation and global​ economic uncertainty continue to pose risks, the improving sentiment suggests households are becoming more willing to spend, possibly bolstering⁤ overall economic activity in the coming months. This development is being closely watched by policymakers as they weigh potential adjustments to monetary policy and‌ fiscal stimulus measures.

According to the Cabinet Office’s monthly survey, the index of consumer confidence ‍rose to 9.8 in December, marking an increase from 9.7 in November. The survey assesses households’ views on the economy, their incomes, and employment.While still below the key 10.0 threshold indicating optimism, the continued improvement suggests a gradual shift in consumer attitudes.

“We are seeing a positive trend in consumer sentiment, which is encouraging,” a government‌ official stated, declining to be named due‍ to internal policy. “However, we remain vigilant about the impact of rising prices and global economic conditions on household ⁤spending.”

Japan’s economic recovery has been uneven, with sectors like tourism benefiting from a weaker yen, while others continue to grapple with supply chain disruptions and inflationary pressures. the ​Bank of Japan has maintained its ultra-loose monetary policy, aiming to sustainably achieve its 2% inflation target, while closely monitoring the impact on‌ the economy and financial markets.

0 comments
0 FacebookTwitterPinterestEmail
Business

TRADING DAY Fed optimism, Thanksgiving week   

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

U.S. stocks climbed on Wednesday, fueled by growing⁢ optimism that the Federal ⁣Reserve ‍may soon ⁤begin cutting interest rates, alongside the typically slower trading volumes‍ associated with the Thanksgiving week.

The Dow Jones Industrial ⁣Average rose 30 points, while the S&P 500 gained 0.3% and the Nasdaq Composite advanced 0.5%. Investors⁤ are parsing recent economic data and comments from Fed officials for clues about the timing and pace of ‍potential rate reductions. Market participants are ​currently pricing in a roughly 70% chance of a rate cut by the Fed’s March meeting, according to the ‌CME FedWatch tool.This week’s weaker-than-expected manufacturing data and a drop in consumer⁢ confidence‌ have bolstered expectations for a more dovish stance from the central bank.Trading volume ⁢was light, a common characteristic ‌during the week of Thanksgiving, perhaps amplifying market​ movements.

The focus on potential Fed policy shifts comes as investors assess the overall health of​ the U.S. ‍economy. ‍While inflation remains above ​the Fed’s 2% target, recent data suggests it is indeed ​cooling, prompting ⁢speculation that the central bank might potentially be nearing the end of its tightening cycle. The next key economic‌ indicator will be the Personal Consumption Expenditures (PCE) price index, ⁤due out ⁢later this month, wich is the Fed’s preferred measure of inflation. A softer-than-expected PCE reading could‌ further ⁤strengthen the case for rate cuts.

0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts
@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com