China's Shanghai Composite index rose 0.62%
Google parent Alphabet, Tesla, General Motors and Intel are among the prominent U.S. companies scheduled to publish their earnings results this week.
Gold eased from a one-month high as the dollar struggled to recover ahead of a key speech by U.S. Federal Reserve Chair Jerome Powell.
Oil held a decline amid concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand.
China's Shanghai Composite index rose 0.62 percent to 3,581.86, climbing to an eight-month high. Hong Kong's Hang Seng index ended up 0.54 percent at 25,130.03.
Shares of construction and power firms surged after China announced over the weekend the start of construction on a $170 billion hydropower dam in Tibet.
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First Post
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- First Post
Russia launches monthly direct flights to North Korea amid growing ties
Russia has launched direct commercial flights to North Korea, signalling a further strengthening of relations between Moscow and Pyongyang. The first Moscow-Pyongyang service, operated by Nordwind Airlines, departed Sheremetyevo airport on Sunday and is expected to run once a month initially. read more People wait outside Terminal C at the Sheremetyevo international airport outside Moscow, Russia. File image/ Reuters Russia inaugurated direct commercial flights to North Korea on Sunday, signalling deeper links with its Asian ally that will aid its push in Ukraine. According to the Sheremetyevo airport's website, the first Moscow-Pyongyang flight operated by Russia's Nordwind Airlines took off at 16:25 GMT. It is slated to arrive in the North Korean capital around eight hours later. However, Russia's transport ministry stated that the route will only be serviced once a month at first. STORY CONTINUES BELOW THIS AD Tickets for Nordwind Airlines, which used to transport Russians to European vacation spots prior to the EU banning Russian flights, cost 45,000 rubles ($570). 'This is a historical event, strengthening the ties between our nations,' Oleg, a Nordwind employee managing the flight who did not want to give his full name, told AFP at the airport. More from World Ukrainian drone strikes force Kremlin to scale down Navy Day celebrations He also declined to say how many passengers were on board. 'For the first time in more than 70 years of diplomatic relations, we are launching direct flights between the capitals of our countries,' Russia's deputy transport minister Vladimir Poteshkin was quoted as saying by the ministry's Telegram account. Russia's state news agency TASS reported that the first return flight from Pyongyang to Moscow would take place on Tuesday. Russia and North Korea restored train links on June 17 after suspending them in 2020 during the Covid pandemic. The two countries have been forging closer military bonds in recent years, with Pyongyang supplying troops and weapons for Russia's military operations in Ukraine. They signed a mutual defence pact last year, when Russian President Vladimir Putin visited North Korea. North Korea confirmed for the first time in April that it had deployed a contingent of its soldiers to the frontline in Ukraine, alongside Russian troops.
The Print
30 minutes ago
- The Print
CM Naidu meets Indian High Commissioner in Singapore, investors
'Andhra Pradesh offers abundant opportunities for investment across multiple sectors,' said Naidu in an official release. He said that Andhra Pradesh is the most suitable destination for global investments, highlighting strengths in the green energy, electronics, ports, logistics and manufacturing sectors. Amaravati, Jul 27 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu, as part of his five-day visit to Singapore, met the Indian High Commissioner and several investors on Sunday and showcased the state's vast potential. The CM held talks with Indian High Commissioner Shilpak Ambule, who shared insights into Singapore's achievements in diverse areas, its robust economic growth and the effective public policies being implemented there. Naidu shared details of the state's newly introduced policies, aimed at attracting investments across various sectors. The state has set an ambitious target of producing 160 gigawatts of green energy, he added. He informed the High Commissioner that green hydrogen projects have already been launched in Visakhapatnam (in partnership with NTPC) and Kakinada. Under the India Quantum Mission, Andhra Pradesh is set to establish the country's 'first-ever Quantum Valley' in Amaravati, said Naidu, adding that global tech leader Google is setting up a data center in Visakhapatnam. Highlighting Andhra's industrial potential, the CM said Rayalaseema is ideal for defence and aerospace units and urged support to make the state a gateway for Singaporean investments. Ambule informed the CM that on several sectors, the Singaporean companies are exploring investment opportunities in Andhra Pradesh, including electronics, semiconductor manufacturing, shipbuilding, port operations, data centers and pharmaceuticals. According to the release, major Asia-Pacific firms headquartered in Singapore, including STT (ST Telemedia)–which specialises in digital infrastructure and data centers and Keppel Corporation–which operates in infrastructure, energy, and urban development have shown interest in investing in Andhra Pradesh. Similarly, Equinix, a global leader in data centers and internet connectivity services and PSA International-a port operating company and logistics firms have shown interest in investing in Andhra Pradesh. The meeting also focused on collaboration in fields such as artificial intelligence, startups, medical device research, and academic partnerships between universities in the southern state and Singapore. Andhra Pradesh Education Minister Nara Lokesh shared plans for expanding higher education institutions while Municipal Minister P Narayana presented state's housing schemes, inspired by Singapore's successful public housing model. Later, Naidu met the representatives from Surbana Jurong, a global urban infrastructure company who has shown interest in investing in Andhra Pradesh and invited them to join large-scale housing projects under the state's 'Housing for All' initiative. The CM explained that the state is focusing on infrastructure development projects and highlighted the development of 20 ports and 15 airports, positioning itself as a logistics hub. Similarly, Eversendai Engineering, a Malaysia-based construction firm, has shown interest in investing in Andhra Pradesh after its chairman Tan Sri Dato' AK Nathan met Naidu. They discussed plans to set up a state-of-the-art manufacturing factory and integrated training center in the state, with Visakhapatnam or Krishnapatnam shortlisted as possible locations. The proposed factory, spread over two lakh square meters, will aid nationwide product distribution, boost industrial growth, and create large-scale employment opportunities across Andhra Pradesh's emerging industrial zones, said the release. Eversendai also expressed interest in Amaravati's infrastructure projects and proposed a structural engineering training center with IIT Tirupati and IIIT Sri City as knowledge partners. PTI MS GDK KH This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
31 minutes ago
- Mint
Wall Street Week Ahead: Spotlight on Fed rate decision, earnings from Microsoft, Meta Platforms, Apple, Amazon
Wall Street in the week ahead will receive plenty of economic data, Big Tech earnings, and the US Federal Reserve's fifth interest rate decision of the year. The economic calendar will see the release of data such as jobs report, second quarter GDP (Gross Domestic Product) numbers, personal income and spending data, PCE (Personal Consumption Expenditures) Index, and S&P manufacturing PMI report among others. For the Q2 earnings, investors will closely watch financial results from tech giants Microsoft, Meta Platforms, Apple, and e-commerce giant Amazon. On the monetary policy front, market participants were keenly awaiting the interest rate decision from the Federal Reserve, which is widely expected to hold it steady. Post-rate decision, Jerome Powell's press conference will be heavily scrutinized amid enormous criticism from US President Donald Trump. On Friday, Trump said that he believed that Fed Chair Jerome Powellmight be ready to lower rates. He made a rare visit to the central bank on Thursday after calling Powell a "numbskull" earlier in the week for failing to cut rates. On July 29 (Tuesday), separate reports on advanced US trade balance in goods for June, S&P Case-Shiller Home Price Index (20 cities) for May, consumer confidence for July, job openings for June will be released. On July 30 (Wednesday), separate reports on ADP employment for July, GDP Q2, pending home sales for June, FOMC interest rate decision will be declared. Fed Chair Jerome Powell's press conference is also scheduled on Wednesday. On July 31 (Thursday), separate reports on Employment Cost Index Q2, personal income and spending for June, PCE Index for June, and Chicago Business Barometer (PMI) for July will be released. On August 1 (Friday), US employment report for July, S&P final US manufacturing PMI for July, ISM manufacturing for July, construction spending for June, consumer sentiment (final) for July, and TBA Auto sales for July will be released. Following companies are due to report second quarter results in the week ahead — Waste Management, Nucor, Visa, Procter & Gamble, UnitedHealth, Boeing, PayPal, Microsoft, Meta Platforms, Qualcomm, Robinhood, eBay, Apple, Mastercard, Exxon Mobil, and Chevron. data-vars-page-type="story" data-vars-link-type="Manual">US stocks ended higher and dollar firmed on Friday ahead of a big week for market risk. The S&P 500 gained 26.73 points, or 0.42%, to end at 6,390.08 points, while the Nasdaq Composite gained 53.95 points, or 0.26%, to 21,111.90. The Dow Jones Industrial Average rose 213.74 points, or 0.48%, to 44,907.65. In the bond market, the yield on the 10-year Treasury eased to 4.38% from 4.43%. The 2-year Treasury yield held steady at 3.91%.
