By Kanishka Singh and Jasper Ward WASHINGTON (Reuters) – U.S. Secretary of Defense Lloyd Austin spoke to his Israeli counterpart late on Tuesday, hours after Iran’s missile attack on Israel following Israel’s military campaign in Lebanon, and said Washington was “well-postured” to defend its interests in the Middle East. WHY IT’S IMPORTANT Earlier in the day, Iran fired ballistic missiles at Israel in retaliation for Israel’s military campaign in Lebanon that has killed hundreds and displaced over a million people. Iran later said its missile attack on Israel was over, barring further provocation. No injuries were reported in Israel and…
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(Bloomberg) — Chinese shares listed in Hong Kong jumped Wednesday, extending their stimulus-induced euphoria as traders returned from a public holiday.Most Read from BloombergThe Hang Seng China Enterprises Index climbed as much as 6.6%, extending its winning streak to 13 days, the longest run since January 2018. Property developers led gains with a gauge tracking the sector leaping as much as 30%, while an index of brokerage shares jumped 25%. Mainland Chinese markets remain shut until Oct. 8 for a week-long holiday.The extended rally is driven by optimism about China’s economy and risk assets after the authorities unveiled a range…
By James Oliphant and Gram Slattery (Reuters) -U.S. Senator JD (NASDAQ:) Vance, Republican Donald Trump’s pick as his vice presidential running mate, squared off against Minnesota Governor Tim Walz, who Democrat Kamala Harris tapped to be her No. 2, in a nationally televised debate on Tuesday. The debate is likely the final one of the 2024 presidential campaign, potentially giving it some additional weight ahead of the Nov. 5 election. Here are some takeaways from the event in New York: BOB AND WEAVE AT THE OPENING BELL The first question of the debate related to the ongoing conflict in the…
PARIS (Reuters) -Israel’s neighbours closed airspace and airline crews skirted an escalating conflict, with many seeking diversions, after Iran fired a salvo of ballistic missiles at Israel on Tuesday. A spokesperson for tracking service FlightRadar24 said flights diverted “anywhere they could”, and a snapshot of regional traffic showed flights spreading in wide arcs to the north and south, with many converging on Cairo and Istanbul. FlightRadar24 said Istanbul and Antalya in southern Turkey were becoming congested, forcing some airlines to divert south. On Tuesday, about 80 flights, operated by the likes of Emirates, British Airways, Lufthansa, Qatar Airways and bound…
By Steven Scheer, Parisa Hafezi and Timour Azhari JERUSALEM/BEIRUT (Reuters) – Iran said early on Wednesday that its missile attack on Israel was over barring further provocation, while Israel and the U.S. promised to retaliate against Tehran as fears of a wider war intensified. Washington said it would work with longtime ally Israel to make sure Iran faced “severe consequences” for Tuesday’s attack, which Israel said involved more than 180 ballistic missiles. The United Nations Security Council scheduled a meeting about the Middle East for Wednesday, and the European Union called for an immediate ceasefire. “Our action is concluded unless…
A week ago, market observers (and political wonks) were wondering just how low shares of Trump Media (Nasdaq: DJT) were going to go. But despite long-standing fears of insider selling and a steady 10-day decline in the company’s share price, Trump Media’s DJT stock is surging recently.Most Read from Fast CompanyAlthough the stock is still well below its 52-week high of $79.38, share prices for Truth Social’s parent company have jumped about 30% in the past week. The stock has rebounded from a 52-week low of $11.75 on September 24 to more than $16 on Monday. And shares closed up…
BOGOTA, Colombia, Oct. 1, 2024 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) announces that the following permanent appointment has been made as part of the implementation of the new organizational structure announced on June 6, 2024: Juan Carlos Hurtado Parra as Vice President of the Upstream segment, who has been in charge of this department since June 15 and assumes the position permanently as of today, October 1. Juan Carlos is an electrical engineer from the Industrial University of Santander (BME:), a specialist in Project Evaluation and Development from the University of Rosario, and holds…
A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024.Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Asia-Pacific markets were trading lower Wednesday morning, following a poor start to the trading month on Wall Street that saw major indexes fall amid rising Middle East tensions.Australia’s S&P/ASX 200 was trading even. South Korea’s Kospi fell 0.4%, while the small-cap Kosdaq was up 0.4%. Japan’s Nikkei 225 fell 1.6%, while the Topix was down 0.8%.On Tuesday, new Japanese Prime Minister Shigeru Ishiba took office following his election as head of the country’s ruling Liberal Democratic Party last week. He…
WASHINGTON (Reuters) -Tim Walz, the Democrats’ vice presidential candidate, was not in Hong Kong or Asia during the 1989 Tiananmen Square crackdown as he has said, he confirmed on Tuesday night after Minnesota public radio unearthed a photograph and a newspaper report from that time that contradicted his claims. “I’m a knucklehead at times,” Walz said, when asked about the reports during his televised debate with Republican JD (NASDAQ:) Vance. “I got there that summer and misspoke,” he said. Walz, who frequently traveled to China as a teacher in the 1990s, leading trips of U.S. high school students, had said…
(Bloomberg) — The dramatic stimulus-fueled rally in Chinese stocks has cost traders betting against US-listed shares roughly $6.9 billion in mark-to-market losses, according to a report from S3 Partners.Most Read from BloombergThe country’s benchmark CSI 300 index has risen more than 27% from its Sept. 13 trough, supported by a spate of policy-easing measures, while the Nasdaq Golden Dragon index of US-listed Chinese stocks has surged more than 36%. That’s erased about $3.7 billion in year-to-date gains, and left shorts now nursing around $3.2 billion in paper losses, according to the market analytics firm.“Prior to the recent rally short sellers…