Asian markets rise as China-US tariff truce extended, inflation data eyed
Tokyo's Nikkei 225 briefly surged nearly 3% to a record high of 42,999.71 amid renewed optimism over Japan's economy.
The White House reiterated concerns over US trade deficits but avoided reimposing steep tariffs, allowing negotiations to continue.
Analyst William Yang noted Beijing is unlikely to make concessions despite ongoing talks.
Investors now await US inflation data, which could influence the Federal Reserve's interest rate decisions.
Recent economic signals suggest a slowdown, raising expectations for a rate cut in September.
Pepperstone's Michael Brown warned that higher-than-expected inflation figures could trigger market declines.
National Australia Bank's Ray Attrill noted tariff impacts on inflation may only emerge in August or September.
Upcoming US wholesale prices and retail sales data will also shape market sentiment.
Tokyo's rally was attributed to easing trade tensions and speculation of US rate cuts.
Hong Kong, Shanghai, Sydney, Taipei, Mumbai, Jakarta, and Manila also posted gains.
London, Paris, and Frankfurt followed the positive trend in early trading.
Seoul, Singapore, and Wellington were among the few markets to decline.
Traders returned from a long weekend, boosting activity in several Asian exchanges.
The Fed's next policy decision in mid-September remains a key focus for global markets. - AFP
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The Star
3 hours ago
- The Star
Exclusive-US mulled use of Russia icebreakers for gas development ahead of summit-sources
FILE PHOTO: A view shows the nuclear-powered icebreaker "Yakutia" during the launch ceremony at the Baltic Shipyard in Saint Petersburg, Russia November 22, 2022. REUTERS/Igor Russak/File Photo LONDON (Reuters) -The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the matter told Reuters. Trump landed in Alaska on Friday for what he called a "high stakes" summit with Russia's Putin to discuss a ceasefire deal for Ukraine and end the deadliest war in Europe since World War Two. Both the U.S. and Russian presidents, due to meet at a Cold War-era air force base in Alaska's largest city, are seeking wins from their first face-to-face talks since Trump returned to the White House. The icebreaker idea has been discussed among White House officials as one of the potential deals to try to strike with Russia at the Alaska summit, one of the sources said. The ongoing talks between the U.S. and Russia over Ukraine have included discussions about business deals. The White House is planning to continue this approach at the summit on Friday, said the source, who like the others spoke on condition of anonymity due to the sensitivity of the talks. The White House did not immediately respond to a request for comment. Kremlin officials were not available for comment. Russia operates the world's only fleet of nuclear-powered icebreakers, which play a central role in maintaining year-round shipping access along the Northern Sea Route, a strategic path for global energy and trade flows. Trump's administration is pushing to transport gas from Alaska's remote north to Asian clients. Trump has pitched Alaska LNG, a proposed $44 billion project to ship liquefied natural gas along a 800-mile pipeline from Alaska, to Asian buyers as a way to reduce their dependence on Russian LNG. Another project, similarly aimed at Asian markets, is Qilak LNG, which is targeting 4 million tons per annum of LNG. Qilak did not immediately respond to a request for comment. An industry source said that Alaska LNG had "no identified needs for Russian icebreakers." Reuters was not immediately able to establish which, if any, specific project would benefit if a deal was reached in the Alaska talks. The nuclear icebreakers could also facilitate the transport of construction materials and equipment to remote areas in Alaska, where infrastructure is limited and weather conditions are harsh. (Reporting by Marwa Rashad and Anna Hirtenstein in London; Additional reporting by Timothy Gardner in Washington and Oksana Kobzeva in Moscow; Editing by Rosalba O'Brien)
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New Straits Times
5 hours ago
- New Straits Times
[UPDATED] Govt allocates RM3mil for Intan to become regional centre of excellence
PUTRAJAYA: The government has allocated RM3 million to strengthen the National Institute of Public Administration (Intan) as a centre of excellence for public service in the Asian region and globally. Prime Minister Datuk Seri Anwar Ibrahim said this includes a research and development (R&D) fund of RM1 million to enhance the capacity and capability of public officers in service delivery, particularly in new focus areas such as artificial intelligence, blockchain, and post-quantum cryptography (PQC). Another RM1 million in R&D funding will be allocated to boost Intan's capability as a reference centre in governance and best values, human capital development, organisational management, service delivery, and best practices in public–private collaboration. The remaining RM1 million will support R&D for the publication and implementation of the Intan Country Report, similar to the Organisation for Economic Cooperation and Development (OECD) and World Bank Reports, for the nation's public service. Anwar also announced that the APEL.Q @ Intan initiative, which was approved under the 2025 Budget, will continue in 2026 with an allocation of RM1.5 million.
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Record Gold Prices Drive Mining Stock Rally as Analysts Eye $4,000 Price Target
USA News Group News Commentary Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, Aug. 15, 2025 /PRNewswire/ — USA News Group News Commentary – The global gold market is witnessing an unprecedented convergence of bullish forces that could propel prices toward historic heights, as record-breaking momentum carries the precious metal beyond US$3,400 per ounce. Wall Street's most prestigious investment banks are raising their forecasts in unison, with J.P. Morgan targeting US$4,000 by mid-2026 and UBS analysts delivering enthusiastic endorsements for gold mining equities. As traditional safe-haven demand collides with aggressive central bank accumulation and mounting geopolitical uncertainties, the stage appears set for a sustained precious metals supercycle that extends far beyond current price levels. Among the companies positioned to capitalize on this extraordinary environment are Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Galiano Gold Inc. (NYSE-American: GAU) (TSX: GAU), i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU), New Gold Inc. (NYSE-American: NGD) (TSX: NGD), and Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR). What distinguishes this gold rally from previous cycles is the remarkable outperformance of mining equities, with the VanEck Gold Miners ETF surging over 40% year-to-date compared to gold's own impressive gains. Major financial institutions are now signaling a fundamental shift in how they value gold producers, as UBS projects a 'stronger for longer gold price environment' that should drive increased buyback activity and merger opportunities across the sector. The confluence of robust operational cash flows, streamlined capital allocation, and elevated commodity prices is creating what analysts describe as an optimal environment for mining stock re-rating, particularly among companies with established production profiles and clear development pathways. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) stands on the verge of a transformation that could redefine its trajectory from explorer to producer, as the Nyati Resources processing facility reaches final commissioning stages. Located directly on one of LVG's Tembo licences adjacent to Barrick's sprawling Bulyanhulu Mine, the plant represents more than infrastructure—it's the catalyst for unlocking near-term cash flow from two advanced gold projects. Recent site inspections reveal a facility nearing operational readiness, with commissioning now targeted within the next four to six weeks. The existing 120 tonne-per-day carbon-in-pulp circuit operates under full licensing, while a substantially larger 500+ tpd line approaches completion. Combined capacity will exceed 600 tpd, supported by dual regrind mills, extended leach circuits, and grid-tied power systems with backup generation. Stockpiles await on the ROM pad as final equipment undergoes dry testing. 'It was impressive to see the scale and quality of construction firsthand,' David Scott, Managing Director Tanzania & Director of Lake Victoria Gold, who captured the momentum during his latest site visit. 'The Nyati team has delivered a well-engineered plant with strong attention to detail across all critical circuits. With commissioning just weeks away, the site is clearly in the final stages of readiness. This facility will play a key role in enabling our development strategy at Tembo and beyond.' The processing pathway accelerates LVG's dual-project advancement strategy. At the fully permitted Imwelo Gold Project, positioned just 12 km from AngloGold Ashanti's Geita mine, a strategic 7,750m drill program will targets Area C's highest-grade zones. The campaign splits between 3,750m of grade control drilling for immediate mine planning and 4,000m testing mineralized extensions, building on intercepts including 6.8m at 14.6 g/t gold from 33m and 7m at 3.22 g/t from 27m. 'We've designed this program to maximize Imwelo's short-term production readiness while extending the upside case,' said Marc Cernovitch, President and CEO of Lake Victoria Gold. 'The drill data will help us finalize early mine scheduling, validate pit design, and potentially unlock high-grade extensions. With Area C now fully defined as our initial production zone, we're making meaningful progress toward Tanzania's next gold producer.' Simultaneously, Tembo's Ngula 1 target advances through 3,000m of up coming drilling, targeting shallow, high-grade zones ideal for early Nyati processing. Previous hits of 28.57 g/t over 3m from 54m and 17.23 g/t over 4m from 19m underscore the potential for rapid cash generation ahead of full Imwelo development. Recent Barrick presentations highlight intensive exploration across the region, including systematic drilling programs on ground formerly held by LVG—providing more validation of the district's broader geological potential. Strategic upside extends through LVG's exposure to up to US$45 million in milestone payments from the 2021 asset sale to Barrick's Bulyanhulu operation. Financial runway strengthens through recently announced private placements totaling up to C$7.5 million, earmarked for development, exploration, and working capital across both projects. With plant commissioning weeks away, drilling programs about to commence, and funding secured, LVG positions itself uniquely in Tanzania's gold landscape—a company transitioning from exploration potential to production reality within one of Africa's most prolific mining districts. CONTINUED… Read this and more news for Lake Victoria Gold at: In other industry developments and happenings in the market include: Galiano Gold Inc. (NYSE-American: GAU) (TSX: GAU) delivered a commanding Q2 2025 performance with production surging 46% quarter-over-quarter to 30,350 ounces while achieving record average realized gold prices of $3,317 per ounce. The Ghana-based operator of the Asanko Gold Mine generated $97.3 million in revenue and operating cash flow of $35.8 million, positioning the company to maintain its debt-free status with $114.7 million in cash. 'We are pleased with the progress made during the period with production, all-in sustaining costs, earnings per share, and cash balances all improving quarter-on-quarter,' said Matt Badylak, President and CEO of Galiano Gold. Breakthrough exploration results at the Abore deposit continue to validate expansion potential, with deep drilling confirming mineralization 200 metres below current reserves across a 1,200 metre strike length. The momentum from operational improvements, combined with the commissioning of the secondary crusher ahead of schedule in late July, positions the company for continued strength in the second half of the year. i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU) marked a transformational quarter as the company advanced its Nevada-focused development strategy with record revenue of $27.8 million and significantly improved cash flow generation. Following a successful $185.5 million financing in May, the company is accelerating construction activities across five gold projects while targeting underground development at Archimedes and completing infill drilling programs to support upcoming feasibility studies. 'The second quarter marked a major turning point at i-80 Gold,' said Richard Young, President and CEO of i-80. 'The equity financing completed in May has enabled us to advance key development initiatives across the five gold projects included in our development plan, and advance the Lone Tree autoclave refurbishment study which will be a key component of our hub-and-spoke mining and processing strategy for our high-grade underground projects.' With $133.7 million in cash and a comprehensive three-phase development plan targeting over 600,000 ounces of annual gold production by the early 2030s, i-80 Gold continues positioning itself as a major Nevada gold producer through systematic advancement of its brownfield project portfolio. New Gold Inc. (NYSE-American: NGD) (TSX: NGD) achieved operational excellence in Q2 2025 with record quarterly free cash flow of $63 million driven by strong performance across both operating assets. The company produced 78,595 ounces of gold and 13.5 million pounds of copper while generating $163 million in operating cash flow, highlighted by Rainy River's record monthly production of 37,341 ounces in June. 'Across the Company, the second quarter successfully built on the momentum from the first quarter, positioning us to deliver on our annual guidance,' said Patrick Godin, President and CEO of New Gold. 'The quarter was highlighted by a record production month at Rainy River, resulting in record quarterly free cash flow for both Rainy River and the Company.' Strategic acquisitions and financing initiatives, including the purchase of Ontario Teachers' remaining 19.9% interest in New Afton and subsequent redemption of outstanding 2027 Notes, have strengthened the company's financial position while eliminating dilution to shareholders. New Gold's dual-asset portfolio continues demonstrating consistent cash generation capabilities as both operations advance toward increased production in the second half of 2025. Integra Resources Corp. (NYSE-American: ITRG) (TSXV: ITR) demonstrated consistent operational performance at its Florida Canyon Mine while executing a substantial capital investment program designed to ensure long-term profitability. The company generated record quarterly revenue of $61.1 million and record mine operating earnings of $25.2 million on production of 18,087 gold ounces sold at average realized prices of $3,332 per ounce. 'We are pleased to report consistent gold production from Florida Canyon and positive financial results from the Company for the second quarter of 2025,' commented George Salamis, President, CEO and Director of Integra. 'Florida Canyon continues to deliver on our expectations, generating meaningful cash flow to fund significant re-investment into the mine, while also supporting the Company's broader growth strategy.' With $63.0 million in cash and a comprehensive reinvestment strategy targeting over $55 million in mine-site improvements during 2025, Integra continues advancing its broader growth strategy encompassing Florida Canyon optimization, DeLamar permitting, and Nevada North development activities. The company's resource growth-focused drilling program at Florida Canyon has been expanded to approximately 16,000 meters, targeting historical waste areas and lateral extensions to support future reserve growth and mine life extension. Article Source: CONTACT: USA NEWS GROUPinfo@ 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ('MIQ'). This article is being distributed for media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ('BAY') There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Logo – View original content:
