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By Kevin Buckland TOKYO (Reuters) – Asian stocks hovered close to a sixteen-month peak on Tuesday and oil held near recent highs as investors found more cause for cheer over global economic prospects than reasons to worry, even as data showed risks remain. The dollar hit a three-week high against the yen as investors continued to seek clarity on the Bank of Japan’s recent adjustment to its yield curve control […]

Joey Votto, Christian Encarnacion-Strand and Will Benson each had two hits and an RBI and six Cincinnati relievers held the Chicago Cubs to one run over 5 2/3 innings of the Reds’ 6-5 road victory Monday night. Luke Maile added a two-run double for the National League Central-leading Reds, who scored three times each in the second and third innings, then hung on for their ninth win in 12 games. […]

(Reuters) – Three Ukrainian sea drones attacked two Russian Black Sea navy ships 340 km (211 miles) southwest of Sevastopol and were destroyed, TASS cited Russia’s defence ministry as saying on Tuesday. The ministry said the ships were in the area to control the passage of other vessels. (Reporting by Reuters) Brought to you by www.srnnews.com

BEIJING (Reuters) – China said on Tuesday it has complained to the United States about a weapons aid package https://www.reuters.com/world/us-announces-taiwan-weapons-package-worth-up-345-million-2023-07-28/ to Taiwan, urging Washington to refrain from going further down a “wrong and dangerous” path. The U.S. unveiled an aid package for Taiwan worth up to $345 million on Friday as Congress authorised up to $1 billion worth of weapons aid for the island as a part of the 2023 […]

BEIJING (Reuters) – China said on Tuesday it has complained to the United States about a weapons aid package https://www.reuters.com/world/us-announces-taiwan-weapons-package-worth-up-345-million-2023-07-28/ to Taiwan, urging Washington to refrain from going further down a “wrong and dangerous” path. The U.S. unveiled an aid package for Taiwan worth up to $345 million on Friday as Congress authorised up to $1 billion worth of weapons aid for the island as a part of the 2023 […]

SYDNEY (Reuters) -Australia’s central bank on Tuesday held interest rates at 4.1% for a second straight month, saying past increases were working to cool demand, but retained a warning that some more tightening might be needed to curb inflation. Wrapping up its August policy meeting, the Reserve Bank of Australia (RBA) largely left its economic forecasts unchanged from the previous quarter, forecasting headline inflation would slow to around 3.25% by […]

SYDNEY (Reuters) -Australia’s central bank on Tuesday held interest rates at 4.1% for a second straight month, saying past increases were working to cool demand, but retained a warning that some more tightening might be needed to curb inflation. Wrapping up its August policy meeting, the Reserve Bank of Australia (RBA) largely left its economic forecasts unchanged from the previous quarter, forecasting headline inflation would slow to around 3.25% by […]

A look at the day ahead in European and global markets from Kevin Buckland. The ‘Goldilocks’ view that equity investors are taking of the global economy continued into August, as a benchmark of Asian stocks hovered around Monday’s 16-month highs. Signs of a peak for European consumer inflation to start the week echoed the narrative in the U.S., where optimism for a soft landing continues to grow. Of course a […]

TOKYO (Reuters) -Toyota nearly doubled its operating profit in the first quarter, it said on Tuesday, as the Japanese automaker was lifted by both increased sales and production volumes as well as the tailwind from the weaker yen. The world’s top-selling automaker said operating profit for the three months through June totalled 1.12 trillion yen ($7.85 billion), an increase of 94% from a year earlier and handily beating the average […]