Economic · Economic

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China moves to join Brazil’s WTO fight over Trump’s forced labour tariffs

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China has asked to join World Trade Organization consultations that Brazil opened against US tariffs of up to 37.5 per cent. Beijing filed the request in Geneva on Monday, telling the trade body it held a substantial commercial interest in the case. The move was first reported by the Brazilian newspaper Folha de S. Paulo and independently confirmed to the South China Morning Post by a Brazilian government source. In the request, China said Washington could apply comparable measures to Chinese...

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Economic · Economic

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Hoenig: Upcoming Data Will Be Deciding Factor for Fed

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Thomas Hoenig, Distinguished Senior Fellow at the Mercatus Center, discussed the Federal Reserve's current stance amid recent economic data. He emphasized that the Fed is maintaining a cautious, wait-and-see attitude as it awaits upcoming inflation reports, including CPI and PPI data, which will be critical for shaping future policy decisions. He speaks with David Gura & Isabelle Lee on "The Close. " (Source: Bloomberg)

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Economic · Economic

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US Stocks: Nasdaq ends down as expectations of Hormuz deal fade

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The Nasdaq closed lower as investors worried about the Strait of Hormuz. U. S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel shares fell after the company announced plans for a large share sale. Traders are now less confident about a Federal Reserve interest rate hike. Strong corporate earnings results previously boosted the S&P 500 to a record high.

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Economic · Economic

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A Higher Nominal Growth World Brings Higher Volatility, Says Jim Caron

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Market and policymaker discourse over the next move for the Fed is split: One camp believes the central bank needs to assert its commitment to price stability by hiking in September, particularly to recover some of Chairman Kevin Warsh’s inflation-fighting credibility. Another thinks that price gains are on the way down and the Fed is correct to stay its current course. Jim Caron, CIO of Cross Asset Solutions at Morgan Stanley Investment Management, discusses the shift toward higher nominal growth and how the Fed is set to respond to this week's inflation data. (Source: Bloomberg)

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Economic · Economic

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Soft US Jobs Cast Doubt on September Fed Hike

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Jennifer McKeown, Chief Global Economist at Capital Economics, discussed the implications of the recent US labor market report on Federal Reserve interest rate expectations. The report showed a decline in payrolls alongside a drop in the unemployment rate, presenting a mixed picture. Wage growth at 3.2% was softer than expected, which may reduce the likelihood of an imminent rate hike in September. McKeown emphasized that the upcoming July CPI data and the next payroll report before the September Fed meeting will be critical in shaping policy decisions. She also highlighted concerns about the falling labor force participation rate, questioning whether this reflects structural issues or a mismatch between job quality and worker preferences. Overall, the segment underscored market uncertainty ahead of key inflation data that will influence the Fed's next moves. (Source: Bloomberg)

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Economic · Economic

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Hormuz Deal Remains Elusive, Stocks Hold Near Record Highs | The Opening Trade 8/10/2026

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Stocks traded near record highs, with Asian shares mirroring Friday’s gains on Wall Street after weak US jobs data curbed bets on Federal Reserve interest-rate hikes. Oil traded around $83 a barrel as a deal to reopen the Strait of Hormuz remained elusive. An agreement with Oman to establish a shipping route through Hormuz was “very close,” Iran’s Foreign Minister Abbas Araghchi said over the weekend. He ruled out direct talks with the US for now because of violations of an interim peace deal reached in June. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

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Economic · Economic

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Fed Rate Hike in December Is Possible, Macquarie's Wizman Says

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Thierry Wizman, global FX and rates strategist at Macquarie, discusses the outlook for the US economy, inflation and the possibility of a Federal Reserve interest-rate hike this year. "December doesn't look like the wrong time to do it," Wizman says. "You'll have a new Summary of Economic Projections, and the Fed likes to make bold moves, or changes of direction of policy, in accordance with the release of the dots and the SEP. " (Source: Bloomberg)

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Economic · Economic

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Syria reclaims control of key coastal sites in deal with Russia

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Syria reclaims control of key coastal sites in deal with Russia Submitted by Reem Aouir on Mon, 08/10/2026 - 04:04 Deal gives Damascus control of civilian facilities at Tartus and Hmeimim, while Russian military sites are converted into joint training centres Syrian Foreign Minister Asaad Hassan al-Shaibani and his delegation tour Latakia International Airport and the port of Tartus, on 9 August 2026 (Syrian Foreign Ministry/Telegram) Off Syria and Russia have reached a memorandum of understanding to scale back Moscow's military presence on Syria's Mediterranean coast, ending 18 months of negotiations over the future of the Hmeimim airbase and Tartus naval facility. The Syrian foreign ministry announced the deal on Sunday, describing it as the outcome of "a year and a half of negotiations and intensive discussions led by the ministry". Under the terms of the agreement, the Syrian state will take over management of civilian facilities at both sites, including Hmeimim airport and Tartus's fourth commercial pier, gradually folding them into civil administration, according to key points of the memorandum shared by the state news agency Sana. The military facilities will be converted into "joint training and qualification centres", under arrangements intended to preserve the interests of both countries. The transition is expected to be completed within three months, according to the ministry. The new arrangements represent a "reorganisation of the Russian presence" along Syria's coast, the ministry added. "This move marks the most significant development since negotiations began approximately a year and a half ago, paving the way for a new phase in Syrian-Russian relations. " Foreign Minister Asaad al-Shaibani and an accompanying delegation visited Latakia International Airport and Tartus port on Sunday to inspect the facilities covered by what officials described as a "historic" memorandum. The agreement is the latest sign of how Syria's relationship with Russia has changed since the toppling of Bashar al-Assad in December 2024. Why Syria will not join the fight against Hezbollah in Lebanon Read More » Russia had been one of Assad's most important international backers. Its military intervention in Syria in 2015 helped turn the war decisively in his government's favour, while Tartus and Hmeimim became the centre of Moscow's military presence in the country. Russia had not issued a public response to Sunday's agreement. Tartus has been Russia's central naval facility in the Mediterranean and its only overseas naval base outside the former Soviet Union. The facility has allowed Moscow to resupply naval forces and project military power across the region. Hmeimim, meanwhile, became the main hub for Russian air operations in Syria following Moscow's 2015 intervention. Together, the two facilities provided Russia with a strategic military foothold on the Mediterranean and supported its broader operations in the Middle East. The new arrangement means Moscow will no longer operate the sites in the same way as it did under Assad, but it will not be completely removed from them either. Damascus is using the deal to affirm control over all assets on Syrian territory, framing it as a message that "its national sovereignty is not up for negotiation", Al Jazeera's Damascus correspondent, Obaida Hitto, reported. Trump lavishes praise on 'fantastic' and 'highly respected' Sharaa Read More » President Ahmed al-Sharaa has travelled to Moscow twice since taking power to discuss the bases' fate directly with Russian President Vladimir Putin. These diplomatic efforts come as his government pursues sanctions relief from Washington and closer ties with Paris. The agreement also comes as Damascus seeks to reshape the wider role of Syria's Mediterranean coastline. In July 2025, Damascus signed an $800m, 30-year concession handing Tartus's main commercial port to Dubai's DP World. The company's chief executive, Sultan Ahmed bin Sulayem, described Tartus as "an essential hub for trade and exports". Tartus is one of Syria's main gateways to international markets and has become a focus of foreign investment since Assad's fall. Before that, in May 2025, Damascus also renegotiated its contract with French shipping company CMA CGM to run Latakia's container terminal, agreeing a fresh 30-year concession that includes a $265m investment and a new deep-water berth. Syria after Assad News Post Date Override 0 Update Date Mon, 05/04/2020 - 21:19 Update Date Override 0

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Economic · Economic

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Ancient Roman pottery discovered in shipwreck off Sicilian coast – video

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Italy's Carabinieri cultural protection unit has discovered the wreck of a Roman ship off Sicily. Divers found hundreds of amphorae and parts of anchors inside the vessel, which was located about 3 miles off the coast of Mazara del Vallo. Sicily, colonised by the ancient Greeks from around the eighth century BC, and conquered by the Romans in about 240BC, was an important centre of trade in the ancient world Continue reading...

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Economic · Economic

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Despite geopolitical tensions, China’s rare earth producers have profitable first half

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China’s rare earth producers have reported or anticipated hefty first-half profits, with Beijing’s use of the strategically critical minerals as leverage in tense relations with Japan and the United States not appearing to impede normal trade. The geopolitical factor – US President Donald Trump announced more than US$2 billion of domestic mining investment on Friday, widely viewed as diversifying the country’s rare earth supply chain away from China’s near-monopoly – has helped drive up product...

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Economic · Economic

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Dollar near two-month trough as US inflation data awaited

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The US dollar experienced a decline against major currencies as investors closely monitor upcoming inflation figures. Both the euro and sterling gained strength, while the yen maintained stability near its recent benchmarks. Recent jobs data from the US has tempered expectations for an imminent Federal Reserve rate hike, resulting in a drop in Treasury yields, which contributed to the dollar's downturn.

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Economic · Economic

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Gold holds steady after scaling 7-week high, US inflation data in focus

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Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent underwhelming U. S. jobs data has tempered expectations for interest rate hikes. Meanwhile, ongoing geopolitical situations concerning Iran and Oman continue to capture attention, with other precious metals showcasing varied performances in initial trades.

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Economic · Economic

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Oil rises on uncertainty over reopening of Hormuz

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Oil prices surged on Monday amidst growing uncertainty about the reopening of the vital Strait of Hormuz. Iran indicated that negotiations with Oman were advancing but insisted that U. S. terms must be fulfilled first. Traders are now on high alert, looking for solid evidence before they consider lowering risk premiums on oil futures.

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Economic · Economic

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Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion

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Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping lane concerns. Investors anticipate US inflation data, which could influence Federal Reserve interest rate decisions. Strong corporate earnings, particularly in AI, boosted Nasdaq futures last week. Bond yields saw a slight rise as markets prepared for new debt issuance.

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Economic · Economic

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Malaysia seizes container suspected of carrying goods bound for Israel

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Malaysia seizes container suspected of carrying goods bound for Israel Submitted by MEE staff on Sat, 08/08/2026 - 12:50 The seizure comes as Kuala Lumpur enforces restrictions on exports to Israel and fulfils its commitments under The Hague Group A Singapore Police Coast Guard boat patrols the Johor Strait near Pasir Gudang, Malaysia, on 5 October 2019 (Roslan Rahman/AFP) Off Malaysian authorities seized a container at the Port of Tanjung Pelepas in Johor, suspected of carrying merchandise intended for export to Israel, local media reported. The container was seized Friday by the Malaysian Border Control and Protection Agency (AKPS) following intelligence received by authorities, which prompted an inspection, according to the report. AKPS said preliminary checks indicated that the shipment may violate customs law, which prohibits the direct or indirect export of goods to Israel. "Based on preliminary checks, the shipment is suspected of not complying with Item No 15, Second Schedule, Customs (Prohibition on Export) Order 2023, which provides for the prohibition of direct or indirect export of goods to Israel," AKPS said in a statement cited by Berita Harian newspaper. The agency said it would investigate the nature, specifications, intended use and classification of the goods to determine whether the cargo constituted strategic goods regulated under Malaysia's Strategic Trade Act. "Any attempt to export goods directly or indirectly to Israel that is against the law and government regulations will be dealt with strictly," AKPS said. Prime Minister Anwar Ibrahim welcomed the seizure, saying it demonstrated Malaysia's opposition to its territory being used as a conduit for trade that could support Israel. "Congratulations to AKPS for the swift action in seizing a container suspected of carrying strategic trade cargo intended for export to Israel at the Port of Tanjung Pelepas," Anwar said in a statement shared on X. "This action demonstrates Malaysia's firm stance to ensure that our country will never serve as a conduit for trade that could support or contribute to the Israeli regime's atrocities against the Palestinian people," he said. Anwar said the action was also consistent with Malaysia's commitments under The Hague Group and with restrictions imposed by the government in December 2023. 'Practical effect' In a statement, The Hague Group said that the seizure gives practical effect to obligations that all states carry under international law. "The Advisory Opinion of the International Court of Justice of July 2024, affirmed by United Nations General Assembly Resolution ES-10/24, determined that states are under an obligation not to render aid or assistance in maintaining the unlawful situation created by Israel in the Occupied Palestinian Territory," the statement said. Varsha Gandikota-Nellutla, Executive Secretary of The Hague Group, said: "The defence of humanity is won at ports, courts, and factories, not from the podium. Law that goes unenforced is no law at all. By halting this cargo, Malaysia has upheld the obligations that bind every UN member state under international law. We invite all states to join The Hague Group and do the same. " How Israeli presence in Forest City exposes the Zionist-aligned underbelly of Malaysia Read More » Malaysia is a founding member of The Hague Group, a coalition of countries that pledged to prevent the transfer of arms, ammunition, military fuel, related military equipment and dual-use items to Israel where there is a clear risk they could be used to violate international law. The group's founding declaration also calls on member states to prevent vessels from docking at their ports if they are being used to transport such material to Israel. The seizure follows Malaysia's decision in December 2023 to prohibit Israeli-owned shipping company Zim from docking at Malaysian ports and to bar Israeli-flagged vessels from entering the country. At the time, Anwar also announced that vessels travelling to Israel would not be permitted to load cargo at Malaysian ports. The government described the measures as part of its response to Israel's military campaign in Gaza and its stated support for Palestinian rights. The latest seizure indicates that Malaysian authorities are also applying restrictions to cargo suspected of being destined for Israel, rather than limiting enforcement to Israeli-owned or Israeli-flagged vessels. International law News Post Date Override 0 Update Date Mon, 05/04/2020 - 21:19 Update Date Override 0

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Economic · Economic

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Natural gas loses momentum despite geopolitical risks: Will prices recover?

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Natural gas prices remain subdued despite Middle East tensions, as abundant U. S. production, rising LNG supplies and healthy inventories outweigh geopolitical concerns. Weather-driven demand has also weakened following the winter rally. While near-term prices may remain rangebound, growing LNG exports, Asian demand, power generation and natural gas’s role in the energy transition offer longer-term support.

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