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Market watch: Asian shares rally as US rate-cut bets rise; oil edges up after Ukraine–Russia peace signals

File photo (Picture credit: AP) Asian markets climbed on Wednesday as softer US data strengthened expectations that the Federal Reserve will cut interest rates next month, while crude prices steadied after touching one-month lows.Asia followed Wall Street’s upbeat momentum after a run of weaker-than-expected US figures boosted confidence in a December rate cut. According to…

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Ukraine-Russia conflict: Putin welcomes US peace plan as ‘final settlement’; Trump urges Zelenskyy to respond

In a diplomatic twist, President Putin of Russia expressed a measured acceptance of a US proposal aimed at peace in Ukraine, indicating it might pave the way for a resolution. However, he criticized Kyiv for what he termed as an unrealistic stance. Russian President Vladimir Putin cautiously welcomed a US plan to end the nearly…

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Ukraine-Russia war: Trump-Putin meet in Budapest put on hold; Rubio calls Lavrov

President Donald Trump and Russia’s President Vladimir Putin talk, Friday, Aug. 15, 2025, at Joint Base Elmendorf-Richardson, Alaska. (AP Photo/Julia Demaree Nikhinson) There are “no plans” for a meeting between US President Donald Trump and Russian President Vladimir Putin in the immediate future, a US official announced on Tuesday. The announcement came a day after…

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Ukraine-Russia war: Trump may give Zelenskyy Tomahawk missiles; why Putin is worried

(AI image generated using ChatGPT) US President Donald Trump is set to host Ukrainian President Volodymyr Zelenskyy at the White House on Friday, amid growing speculation that the US may supply Ukraine with long-range Tomahawk cruise missiles, a move that could dramatically reshape the war. The meeting follows Trump’s “productive” phone call with Russian President…

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