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Asian benchmarks mostly rebounded Tuesday, echoing cautious relief that swept through Wall Street after President Donald Trump said the United States has talked with Iran about a possible end to their war. Japan's benchmark Nikkei 225 added 1.1 per cent in morning trading to 52,093.02, recovering some of the losses it suffered the previous day. Toyota Motor Corp's stock price gained 1.1 per cent in morning trading after it announced overnight that it was investing USD 1 billion in its Kentucky and Indiana auto plants. That's part of a plan to invest up to USD 10 billion in the US over the next five years that the Japanese automaker announced in November. Japanese manufacturers have been eager to show their contribution to American jobs and economic growth. Australia's S&P/ASX 200 rose 0.5 per cent to 8,404.00. South Korea's Kospi jumped 2.2 per cent to 5,526.24. Global markets have been on a roller coaster ride over worries about the war in Iran, which began in late February, ...
US President Donald Trump extended his deadline for Iran to reopen the Strait of Hormuz on Monday, saying the US will hold off striking Iranian power plants for five more days. Trump said US envoys have been holding talks with a "respected" Iranian leader, and Iran wants "to make a deal." Iranian officials denied any such negotiations, and declared that the American leader had backed down "following Iran's firm warning". Trump also said the US would seek to retrieve Iran's enriched uranium and end its nuclear programme as part of a deal, telling reporters: "We want to see no nuclear bomb, no nuclear weapon. Not even close to it." The death toll has risen to more than 1,500 people in Iran, more than 1,000 in Lebanon, 15 in Israel and 13 US military members, as well as a number of civilians on land and sea in the Gulf region. Millions of people in Lebanon and Iran have been displaced. Here is the latest: Impact reported in northern Israel after missile ...
The Trump administration will pay USD 1 billion to a French company to walk away from two US offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy. TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced Monday. President Donald Trump's administration has tried to halt offshore wind construction, but federal judges repeatedly overturned those orders. The Interior Department hailed the "innovative agreement" with the French energy giant and said, "the American people will no longer pay for ideological subsidies that benefited only the unreliable and costly offshore wind industry". Environmental groups denounced the deal as an alternate way to block wind projects, with one group calling it a "billion-dollar bribe" to kill clean energy. "After losing again a