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1. CNN: Scientists discover new species of dinosaur 2. Reuters: China unveils new trade partnership with US 3. The Guardian: US and China forge new trade deal 4. BBC: Scientists uncover previously unknown species of dinosaur 5. ABC News: US and China agree to historic trade pact 6. Wall Street Journal: US and China sign landmark trade deal 7. The New York Times: US strikes new trade deal with China 8. Bloomberg: China and US sign new trade agreement 9. CNBC: Scientists find new species of dinosaur 10. Fox News: China and US ink new trade pact
Most Asian equity markets are trading with a risk-off bias this morning. Headlines that the US is considering broad export restrictions on China with respect to critical software again rekindles trade uncertainty. Markets also still might assess the broader impact of the US sanctions against Russian oil majors. Regular US data publications will again be limited. An EU summit in Brussels plans to address a wide range of topics ranging from the response to the war in Ukraine, over EU defense, the situation in the Middle East, competitiveness, housing and migration,... However, it is far from sure the debate will yield any direct input for markets. We look out whether a (mild) risk-off supports further gains in core bonds. For now, the dollar at least shows no unequivocal reaction function.
Trade worries resurfaced yesterday — yes, resurfaced instead of easing — after reports that the Trump administration is considering new restrictions on software exports to China. Are we surprised? Not really. These on-and-off headlines have been circulating for nearly a year, repeatedly injecting short-term anxiety into the markets. That’s exactly what happened yesterday: major US indices retreated, led by technology names. Headlines could turn better anytime, or worsen.
In a major policy shift following the deaths of children linked to contaminated cough syrups, the Central Government has made laboratory testing of cough syrups mandatory for the domestic market, according to a report in NDTV. Until now, such mandatory testing was required only for syrups meant for export.
BENGALURU (Reuters) -South Korea's economy grew at a modest pace last quarter, supported by strong exports and a pickup in household consumption as government measures helped stimulate demand, a Reuters poll suggested. Asia's fourth-largest economy was projected to have expanded a seasonally adjusted 0.
The company, one of the largest U.S. makers of semiconductor manufacturing equipment, will take a charge of $160 million to $180 million for the layoffs, mostly in the fourth quarter of fiscal 2025, it disclosed in a regulatory filing. That has made it harder for Applied Materials and its rivals to export some products and supply specific parts and services to select China-based customers without a license. "Our goal is to continue to transform how we work, move faster, simplify decision-making, and focus on what matters most as we prepare Applied Materials for significant growth in the coming years," CEO Gary Dickerson said in a memo to employees.