Tag: United States
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Japan, US confirm joint yen-buying intervention, signal more action
The rare joint intervention – the first since 2011 – aimed to prevent a selloff in the yen and Japanese government bonds from causing global spillovers.
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What the market is saying about the U.S. intervention to prop up the yen
Following the joint involvement the yen now sits at ¥157 to the dollar, down from just above ¥163, which represented its lowest level in four decades.
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Anthropic, OpenAI among firms facing new scrutiny under EU AI Act enforcement powers
The European Commission can demand to inspect AI models, restrict market access and fine providers up to 15 million euros or 3% of turnover.
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Alibaba shares rally after unveiling its ‘most powerful’ AI model as U.S.-China competition heats up
Alibaba unveiled its latest and ‘most powerful’ AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S.
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Iran denies negotiating with US after Trump announces talks
TEHRAN: Iran denied any negotiations were taking place with the United States after President Donald Trump said new talks would begin on Monday (Aug 3) in an effort to end their war, now in its sixth month.The rebuttal
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Complacency could dull Singapore’s ability to respond to threats: Chan Chun Sing
The defence minister set out five priorities for Singapore amid growing global uncertainty, saying the country should focus on what it can control rather than the actions of major powers.
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Israel conveys ‘concerns’ to US on Gaza plan
Israeli Prime Minister Benjamin Netanyahu’s spokesman said that Hamas’ actions showed it was preparing for “further Oct 7-style massacres”.
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U.S. Treasury yields fall as oil prices plunge on Iran de-escalation hopes
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 1 basis point to 4.688%.
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CNBC Daily Open: Back to the negotiating table
Trump said negotiations with Iran will begin Monday after he held off on new strikes, raising hopes for a diplomatic end to the conflict.
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Why the U.S. stepped in after decades to prop up Japan’s yen — and what’s at stake
Washington’s decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention.
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