WORLD
US launches China tariff probe ahead of Trump-Xi meeting
US Trade Representative Jamieson Greer on Friday announced the opening of a probe into whether China complied with a limited trade agreement reached in 2020 during President Donald Trump’s first term.
BUSINESS
Gold ends record-breaking rally with first weekly loss in ten
Bond yields inched lower as traders priced in a high likelihood of two interest rate reductions before the year is over.
BUSINESS
Trump aims to sign mineral deals in Asia to raise pressure on Xi
Trump will look for deals that will help unlock the region’s resources to create more reliable supply chains for industries, contribute to global growth and secure more investments in the US.
BUSINESS
S&P 500 hits record after soft CPI, led by tech mega-cap gains
The benchmark rose 1% at 12:20 p.m. in New York, helped by advances in eight of 11 sectors in the index, led by utilities and technology.
BUSINESS
US inflation data comes in soft, building case for more Fed cuts
While grocery inflation slowed, prices for key items like cereals and nonalcoholic beverages picked up.
BUSINESS
Russia’s oil business takes a hit from fight between top traders
The struggle between the rival traders spans operations in Dubai, Hong Kong and Singapore to lobbyists in Washington and the Moscow press.
BUSINESS
JPMorgan to allow Bitcoin and Ether as collateral in crypto push
The program, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar with the matter
BUSINESS
Copper pushes back toward $11,000 as test of record high beckons
Three-month futures rose more than 1% to approach $10,970 a ton in intraday trade in London.
COMPANIES
Starlink starts security tests ahead of India retail kickoff
The series of tests is part of India’s security clearance process for foreign and domestic telecom operators
WORLD
China finds costly new way of boosting Xi’s global Yuan push
Ethiopia became the latest this week in looking to convert at least part of the $5.38 billion owed to Beijing into yuan-denominated loans.
WORLD
Trump seeks elusive trade deal with Xi in high-stakes meeting
Trump’s thirst for a result he can sell as a victory runs the risk he might bow to key Chinese demands, including access to advanced semiconductors and the status of the self-governing island of Taiwan — the president notably has not ruled out such compromises.
MARKETS
Relief rally in Asia: Stocks climb on Trump–Xi talks, investors brace for US CPI report
Treasuries had also snapped a three-day rally overnight as yields rose across the curve, with the 10-year climbing five basis points to 4%.
BUSINESS
Gold to snap nine-week winning streak as heat comes out of rally
A scorching run that began in mid-August and pushed prices to an all-time high of $4,381.52 an ounce on Monday came to a screeching halt the following day, as investors took profits.
BUSINESS
Binance founder Zhao pardoned by Trump in latest crypto clemency
Zhao served a four-month sentence in 2024 after pleading guilty to failing to implement adequate anti-money laundering measures at Binance.
WORLD
Netanyahu rivals’ West Bank annexation bill ‘insults’ Vance
Officially, Trump has stuck with the US’s long-standing policy of only accepting statehood after an agreement is reached between the Palestinians and Israelis.
BUSINESS
China’s soybean feud with Trump leaves US farmers with huge crops and few buyers
BUSINESS
Elon Musk hijacks Tesla earnings call to vouch for $1 trillion pay plan
Musk emphasized, as he has in the past, that sufficient voting control matters more to him than monetary compensation from Tesla.
WORLD
US sanctions on Russian oil giants send shockwaves across China
As much as 20% of China’s crude imports — about 2 million barrels a day in the first nine months of this year — come from Russia
WORLD
North Korea tests new hypersonic missile ahead of APEC summit in South Korea
North Korea tested a new hypersonic weapon system targeting North Hamgyong, signaling strategic deterrence ahead of the APEC summit. The US condemned the launches, warning they violate UN Security Council resolutions.
WORLD
Trump eyes fresh tariff probe focused on foreign drug prices
The fresh probe could result in tariffs or other trade actions in the coming months related to pharmaceutical products, which would exacerbate tensions with major economies
BUSINESS
Gold extends pullback from record high for a third day. What's behind the price fall?
Spot gold slipped to around $4,090 an ounce in early Asian trading on Thursday, reinforcing a technical reset
WORLD
Asian stocks, gold retreat as momentum unwinds
MSCI’s Asia equity benchmark retreated further from its record close earlier this week, with Japanese shares leading the decline
BUSINESS
Anthropic, Google in talks on multibillion-dollar cloud deal
Google previously invested about $3 billion in Anthropic
BUSINESS
Gold and silver waver after massive pullback as rally fizzles
The pullback brought an abrupt halt to rapid advances that have been underway since mid-August.
