On Monday Donald Trump sounded optimistic about China's intentions: (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING: (SOUNDBITE PART OVERLAID ON DIFFERENT ANGLES OF TRUMP SPEAKING/ MEMBERS OF MEDIA / MACRON LISTENING AND U.S FIRST LADY MELANIA TRUMP) "So when you say do you think they want to, maybe they want to and maybe they don't, but I think they want to make a deal.
I'm not sure they have a choice and I don't say that as a threat." Asian investors took note of his comments at the G7 summit in France.
The gains helped offset sharp losses after both sides announced new tariffs on Friday.
(SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING: (SOUNDBITE PART OVERLAID ON DIFFERENT ANGLES OF TRUMP SPEAKING/ MEMBERS OF MEDIA / MACRON LISTENING AND U.S FIRST LADY MELANIA TRUMP) "So I think they want to make a deal very badly." The picture is still murky though.
China won't confirm Trump's claim that it has offered to restart trade talks.
Traditional safe havens like the Japanese yen and gold also saw gains as a result.
And by the time Europe opened, any optimism had ebbed.
Most key indexes there edged lower from the open.
The FTSE was down over half a percent as traders returned from a public holiday.
Germany's DAX also fell from the open, before rallying.
New numbers out Tuesday adding to the economic gloom there.
The figures confirm its economy contracted on weaker exports in the second quarter.
President Donald Trump was met with boos and chants of "Vote Him Out" as heappeared at the Supreme Court to honour the late Justice Ruth Bader Ginsburg.Mr Trump, accompanied by First Lady Melania, was seen wearing a mask as hestood behind one of the court columns on Thursday morning.
Credit: PA - Press Association STUDIO Duration: 00:36Published
This is the largest urban farming green roof in Asia. It is the work of Bangkok-based landscape architecture firm Landprocess along with a team of engineers and designers. The landscape architect helped Thammasat University envision and implement a climate solution with Asia’s largest organic rooftop farm—Thammasat Urban Rooftop Farm (TURF). Repurposing 236,806 sq. ft. of wasted rooftop space, the design integrates modern landscape architecture with the agricultural ingenuity of traditional rice terraces.
Credit: Cover Video STUDIO Duration: 00:49Published
A method for fast, cheap, yet accurate testing for COVID-19 infection has been developed by a team of researchers. The method simplifies and frees the testing from expensive reaction steps, enabling upscaling of the diagnostics. This makes the method particularly attractive for places and situations with limited resources. It is equally interesting for repeated testing and for moving resources from expensive diagnostics to other parts of the care chain. The study led by researchers at the Karolinska Institutet was published in the journal Nature Communications."We started working on the issue of developing a readily available testing method as soon as we saw the developments in Asia and southern Europe, and before the situation reached crisis point in Sweden," says principal investigator Bjorn Reinius, research leader at the Department of Medical Biochemistry and Biophysics at Karolinska Institutet. "Our method was effectively finished already by the end of April, and we then made all the data freely available online."The spread of the new coronavirus at the end of 2019 in China's Wuhan region quickly escalated into a global pandemic. The relatively high transmission rate and a large number of asymptomatic infections led to a huge, worldwide need for fast, affordable, and effective diagnostic tests that could be performed in clinical as well as non-clinical settings.
Equity benchmark indices traded higher on the first day of September futures and options series with banking and financials contributing significantly to the gains. The BSE S and P Sensex closed 354 points or 0.9 per cent higher at 39,467 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,655. Except for Nifty auto, FMCG and metal, all sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 4.9 per cent, private bank by 4.5 per cent and financial service by 2.1 per cent. IndusInd Bank jumped by 12 per cent to close at Rs 679.05 per share while Axis Bank moved up by 7.9 per cent, ICICI Bank by 4.4 per cent and Kotak Mahindra Bank by 3.7 per cent.Punjab National Bank was up by 5.6 per cent at Rs 37.30 per share while State Bank of India gained by 4.5 per cent to Rs 225.40. The other major gainers were UPL, Sun Pharma, Adani Ports, Grasim and Bharti Infratel.However, JSW Steel, Hero MotoCorp, Tata Motors, HDFC Life, Infosys, Dr Reddy's and Hindustan Lever traded with a negative bias. Meanwhile, Asian shares were mixed as investors pondered over the US Federal Reserve's new strategy to adopt an average inflation target and restore the United States to full employment in the fight to contain coronavirus pandemic. Japanese shares dropped with the Nikkei down 1.41 per cent as Prime Minister Shinzo Abe resigned because of a chronic health condition, saying he will stay on until a new leader is appointed.But Hong Kong's Hang Seng rose by 0.56 per cent and South Korea's Kospi ticked up by 0.4 per cent.
Two Australian foreign correspondents were rushed out of China for their safety with the help of Australian consular officials after being questioned by China's Ministry of State Security, their employers said on Tuesday. Libby Hogan reports.
Apple's stock price has ballooned in recent weeks. According to Business Insider the company is on track to be worth more than the entirety of the UK's benchmark share index, the FTSE 100. This week the tech giant became the first US-listed company to reach the $2 trillion mark. According to data from Bloomberg, the FTSE is worth just shy of $2.2 trillion. If Apple's stock rises 7%, it will surpass the FTSE in market capitalization.