Fed holds rates steady, with two policymakers dissenting
'The unemployment rate remains low, and labour market conditions remain solid. Inflation remains somewhat elevated,' the central bank said in a policy statement released after the Federal Open Market Committee voted 9-2 to keep its benchmark overnight interest rate steady in the 4.25 per cent-4.50 per cent range for the fifth consecutive meeting.
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The Advertiser
4 hours ago
- The Advertiser
Russian, Chinese navies hold drills in Sea of Japan
The Russian and Chinese navies are carrying out artillery and anti-submarine drills in the Sea of Japan as part of scheduled joint exercises, the Russian Pacific Fleet says. The drills are taking place two days after US President Donald Trump said he had ordered two nuclear submarines to be positioned in "the appropriate regions" in response to remarks by former Russian president Dmitry Medvedev. However, they were scheduled well before Trump's action. Interfax news agency quoted the Pacific Fleet as saying Russian and Chinese vessels were moving in a joint detachment including a large Russian anti-submarine ship and two Chinese destroyers. It said diesel-electric submarines from the two countries were also involved, as well as a Chinese submarine rescue ship. The manoeuvres are part of exercises titled "Maritime Interaction-2025" which are scheduled to end on Tuesday. Interfax said Russian and Chinese sailors would conduct artillery firing, practise anti-submarine and air defence missions, and improve joint search and rescue operations at sea. Russia and China, which signed a "no-limits" strategic partnership shortly before Russia went to war in Ukraine in 2022, conduct regular military exercises to rehearse co-ordination between their armed forces and send a deterrent signal to adversaries. Trump said his submarine order on Friday was made in response to what he called "highly provocative" remarks by Russia's Medvedev about the risk of war between the nuclear-armed adversaries. Russia and the United States have by far the biggest nuclear arsenals in the world. It is extremely rare for either country to discuss the deployment and location of its nuclear submarines. Trump's comments came at a time of mounting tension with Moscow as he grows frustrated at the lack of progress towards ending the Ukraine war. The Russian and Chinese navies are carrying out artillery and anti-submarine drills in the Sea of Japan as part of scheduled joint exercises, the Russian Pacific Fleet says. The drills are taking place two days after US President Donald Trump said he had ordered two nuclear submarines to be positioned in "the appropriate regions" in response to remarks by former Russian president Dmitry Medvedev. However, they were scheduled well before Trump's action. Interfax news agency quoted the Pacific Fleet as saying Russian and Chinese vessels were moving in a joint detachment including a large Russian anti-submarine ship and two Chinese destroyers. It said diesel-electric submarines from the two countries were also involved, as well as a Chinese submarine rescue ship. The manoeuvres are part of exercises titled "Maritime Interaction-2025" which are scheduled to end on Tuesday. Interfax said Russian and Chinese sailors would conduct artillery firing, practise anti-submarine and air defence missions, and improve joint search and rescue operations at sea. Russia and China, which signed a "no-limits" strategic partnership shortly before Russia went to war in Ukraine in 2022, conduct regular military exercises to rehearse co-ordination between their armed forces and send a deterrent signal to adversaries. Trump said his submarine order on Friday was made in response to what he called "highly provocative" remarks by Russia's Medvedev about the risk of war between the nuclear-armed adversaries. Russia and the United States have by far the biggest nuclear arsenals in the world. It is extremely rare for either country to discuss the deployment and location of its nuclear submarines. Trump's comments came at a time of mounting tension with Moscow as he grows frustrated at the lack of progress towards ending the Ukraine war. The Russian and Chinese navies are carrying out artillery and anti-submarine drills in the Sea of Japan as part of scheduled joint exercises, the Russian Pacific Fleet says. The drills are taking place two days after US President Donald Trump said he had ordered two nuclear submarines to be positioned in "the appropriate regions" in response to remarks by former Russian president Dmitry Medvedev. However, they were scheduled well before Trump's action. Interfax news agency quoted the Pacific Fleet as saying Russian and Chinese vessels were moving in a joint detachment including a large Russian anti-submarine ship and two Chinese destroyers. It said diesel-electric submarines from the two countries were also involved, as well as a Chinese submarine rescue ship. The manoeuvres are part of exercises titled "Maritime Interaction-2025" which are scheduled to end on Tuesday. Interfax said Russian and Chinese sailors would conduct artillery firing, practise anti-submarine and air defence missions, and improve joint search and rescue operations at sea. Russia and China, which signed a "no-limits" strategic partnership shortly before Russia went to war in Ukraine in 2022, conduct regular military exercises to rehearse co-ordination between their armed forces and send a deterrent signal to adversaries. Trump said his submarine order on Friday was made in response to what he called "highly provocative" remarks by Russia's Medvedev about the risk of war between the nuclear-armed adversaries. Russia and the United States have by far the biggest nuclear arsenals in the world. It is extremely rare for either country to discuss the deployment and location of its nuclear submarines. Trump's comments came at a time of mounting tension with Moscow as he grows frustrated at the lack of progress towards ending the Ukraine war. The Russian and Chinese navies are carrying out artillery and anti-submarine drills in the Sea of Japan as part of scheduled joint exercises, the Russian Pacific Fleet says. The drills are taking place two days after US President Donald Trump said he had ordered two nuclear submarines to be positioned in "the appropriate regions" in response to remarks by former Russian president Dmitry Medvedev. However, they were scheduled well before Trump's action. Interfax news agency quoted the Pacific Fleet as saying Russian and Chinese vessels were moving in a joint detachment including a large Russian anti-submarine ship and two Chinese destroyers. It said diesel-electric submarines from the two countries were also involved, as well as a Chinese submarine rescue ship. The manoeuvres are part of exercises titled "Maritime Interaction-2025" which are scheduled to end on Tuesday. Interfax said Russian and Chinese sailors would conduct artillery firing, practise anti-submarine and air defence missions, and improve joint search and rescue operations at sea. Russia and China, which signed a "no-limits" strategic partnership shortly before Russia went to war in Ukraine in 2022, conduct regular military exercises to rehearse co-ordination between their armed forces and send a deterrent signal to adversaries. Trump said his submarine order on Friday was made in response to what he called "highly provocative" remarks by Russia's Medvedev about the risk of war between the nuclear-armed adversaries. Russia and the United States have by far the biggest nuclear arsenals in the world. It is extremely rare for either country to discuss the deployment and location of its nuclear submarines. Trump's comments came at a time of mounting tension with Moscow as he grows frustrated at the lack of progress towards ending the Ukraine war.
Perth Now
9 hours ago
- Perth Now
Russian, Chinese navies hold drills in Sea of Japan
The Russian and Chinese navies are carrying out artillery and anti-submarine drills in the Sea of Japan as part of scheduled joint exercises, the Russian Pacific Fleet says. The drills are taking place two days after US President Donald Trump said he had ordered two nuclear submarines to be positioned in "the appropriate regions" in response to remarks by former Russian president Dmitry Medvedev. However, they were scheduled well before Trump's action. Interfax news agency quoted the Pacific Fleet as saying Russian and Chinese vessels were moving in a joint detachment including a large Russian anti-submarine ship and two Chinese destroyers. It said diesel-electric submarines from the two countries were also involved, as well as a Chinese submarine rescue ship. The manoeuvres are part of exercises titled "Maritime Interaction-2025" which are scheduled to end on Tuesday. Interfax said Russian and Chinese sailors would conduct artillery firing, practise anti-submarine and air defence missions, and improve joint search and rescue operations at sea. Russia and China, which signed a "no-limits" strategic partnership shortly before Russia went to war in Ukraine in 2022, conduct regular military exercises to rehearse co-ordination between their armed forces and send a deterrent signal to adversaries. Trump said his submarine order on Friday was made in response to what he called "highly provocative" remarks by Russia's Medvedev about the risk of war between the nuclear-armed adversaries. Russia and the United States have by far the biggest nuclear arsenals in the world. It is extremely rare for either country to discuss the deployment and location of its nuclear submarines. Trump's comments came at a time of mounting tension with Moscow as he grows frustrated at the lack of progress towards ending the Ukraine war.
AU Financial Review
11 hours ago
- AU Financial Review
India aghast at Trump's ‘dead' economy jibe, 25pc tariffs
New Delhi | Shock, dismay and angst swept across India as businesses, policymakers and citizens digested US President Donald Trump's sharp remarks and a surprise 25 per cent tariff rate last week. While Indian government officials weighed a response and business groups tallied the cost of the trade barrier, social media was alive with users protesting Trump's comments and criticising Indian Prime Minister Narendra Modi for not speaking up. Bloomberg
