US-China tariff truce: Nikkei reaches record high, Asian stocks rise; crude gains
Tuesday, 12 August 2025 () Asian stocks experienced gains, led by Japan's Nikkei reaching a record high, following the US-China tariff truce extension. This eased trade tensions and stabilised oil prices. Australia's index also hit a record high amid expectations of interest rate cuts. Investors are now focused on upcoming US consumer price inflation data and its potential impact on Federal Reserve rate cut expectations.
Donald Trump has declared that “billions are flowing into America” due to his latest round of tariff hikes, which took effect August 7. Claiming an economic windfall, Trump said the tariffs will..
Iberia declares high-alert due to fire risk as Europe faces record heatwaves
Spain and Portugal entered a state of alert over the weekend due to the worsening risk of wildfires as a result of..
Credit: euronews (in English) Duration: 01:50Published
In a scathing rebuke, top Trump aide Stephen Miller has accused India of "financing Russia’s war in Ukraine" by continuing to import oil from Moscow. Speaking on Fox News, Miller expressed alarm over..
Tuesday, 12 August 2025 ()
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