Shortly before a summit between leaders Donald Trump and Xi Jinping, China’s state-owned COFCO purchased three US soybean cargoes. These were the first purchases by China from this year’s US harvest, according to a Reuters report.US farmers, who largely supported Trump’s presidential campaigns, have lost billions in sales due to the…
Israel said it had begun reinforcing the ceasefire in Gaza after launching overnight air strikes in response to a deadly Palestinian ambush that killed one of its soldiers. The escalation is one of the most serious flare-ups since the October 10 ceasefire agreement between Israel and Hamas, which US President…
Hurricane Melissa, now a Category 3 storm, struck Cuba early Wednesday after devastating Jamaica less than 24 hours earlier. The US National Hurricane Center (NHC) described it as an “extremely dangerous” storm that crossed into eastern Cuba with sustained winds of about 120 mph (195 km/h). As it moved inland,…
Dow futures are trading in green on Wednesday, buoyed by optimism surrounding ongoing AI advancements and strong corporate earnings, especially in the tech sector.Investors await the Federal Reserve’s highly anticipated policy decision, with a widely expected 25-basis-point rate cut.The market will also be watching closely at Fed Chair Jerome Powell’s…
Japan’s Nikkei 225 index climbed more than 1% to a new record on Wednesday, closing above the 51,000 mark for the first time. The gains in Tokyo were driven by a new trade agreement between the United States and Japan and sustained investor expectations for another interest rate cut by…
Wednesday saw significant activity across the global stage, from major technology investments in Asia to key diplomatic signals from the White House. The biggest announcement came from Amazon, as the company’s cloud computing division revealed a multi-billion dollar plan to expand in South Korea. Meanwhile, US President Donald Trump adjusted…
President Donald Trump arrived in South Korea on Wednesday for the final stop of his three-country Asia tour, setting the stage for a highly anticipated meeting with Chinese President Xi Jinping while simultaneously lowering expectations for a near-term summit with North Korean leader Kim Jong Un.Upon landing in Busan and…
Amazon Web Services (AWS) is set to channel another $5 billion into South Korea to expand its data center infrastructure, a major investment aimed at bolstering the nation’s ambition to become a dominant force in the global artificial intelligence race.The commitment, announced by South Korea’s presidential office, deepens the ties…
European stock markets opened flat on Wednesday as investors balanced strong earnings from the continent’s banking heavyweights against the major uncertainty of a looming interest rate decision from the US Federal Reserve.The pan-European Stoxx 600 index was flat shortly after the opening bell, reflecting a mixed picture across the region.…
Shortly before a summit between leaders Donald Trump and Xi Jinping, China’s state-owned COFCO purchased three US soybean cargoes. These were the first purchases by China from this year’s US harvest, according to a Reuters report.US farmers, who largely supported Trump’s presidential campaigns, have lost billions in sales due to the…