United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan's tour of Gulf countries is aimed at coordinating positions after Tuesday's Israeli attack on Hamas leaders in Doha, his diplomatic adviser said on Thursday. "The President's Gulf tour reflects a deep conviction in strengthening coordination and cooperation, and in reinforcing the concept of a common destiny," Anwar Gargash said in a post on X. Israel attempted on Tuesday to kill Hamas political leaders in an airstrike on the Qatari capital, escalating its military campaign in the Middle East and prompting a flurry of...
Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 25,000 new job positions in the month, after adding the measly 2,000 announced in June. The Unemployment Rate is foreseen declining to 4.2% after spiking to 4.3% in the previous month, while the Participation Rate is expected to remain unchanged at 67.1%. Australian ABS reports both full-time and...
US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin. "Will be speaking to European Leaders in a short while. They are great people who want to see a deal done," Trump wrote on social media Wednesday. The call comes as Trump ramps up diplomatic efforts to end Russia's war in Ukraine — now well into its fourth year — with a face—to-face meeting with Putin on American soil. The sitdown slated for Friday in Alaska has raised worries among Kyiv's allies that...
US Treasury Secretary Scott Bessent said interest rates are "too constrictive" and should likely be 150-175 basis points lower. Bessent, speaking in an interview on Bloomberg Television, said the Federal Reserve could be heading into a series of rate cuts in the coming months — starting with a half-point reduction in September. "There's a very good chance of a 50 basis point rate cut," Bessent said Wednesday. "We could go into a series of rate cuts here, starting with a 50 basis point rate cut in September." Bessent added, that by any model, rates "should probably be 150,...
President Donald Trump said he is considering a lawsuit against Federal Reserve Chairman Jerome Powell over the renovation of the central bank's headquarters, a project whose cost overruns have been investigated. In a social media post on Tuesday, Trump again criticized the Fed Chairman for the central bank's decision to keep interest rates steady and repeated his criticism of Powell over the renovation work. "The damage he's done by being late is incalculable. Fortunately, the economy is doing so well that we've moved past Powell and the complacent Board," Trump said. "However, I am...
US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad. According to Bessent, the US Supreme Court will be swayed on tariff rulings based on how much estimated government revenue they generate, that US President Donald Trump and Chinese President Xi Xinping share a "good relationship", and that the Federal Reserve (Fed) should think about delivering a double interest rate cut on September 17. The Fed should think about a 50 basis point cut in interest rates in September.Fed could have cut in June if...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...