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Middle East. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' surprise attack on Israel as well as Fed officials' overnight comments. After dropping 15 basis points at the open, 10-year yields were 12.5 bps lower at 4.66% at 1235 GMT. Two-year yields also dived more than 13 bps to a one-month low of 4.926% as short-term rate expectations were dialled back. Yields fall when bond prices rally. Fed Vice Chair Philip Jefferson and Dallas Fed president Lorie Logan both noted on Monday that the recent run-up in yields may reduce the need for further interest rate hikes. «If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening,» Logan said. Analysts at Citi noted Logan has been one of the strongest advocates that the Fed would need to follow through with further tightening, but interpreted her remarks as suggesting that higher long-term rates curtail the need for short-end hikes. Implied futures pricing has reduced the probability of another rate hike this year from above 40% last week to about 26% on Tuesday, according to CME's FedWatch tool. The Mideast conflict, already claiming more than 1,500 lives, drove bond yields lower globally on Monday as investors turned to safe-haven assets.

Trudeau on Monday reached out to UAE President Sheikh Mohamed bin Zayed Al Nahyan and discussed the India-Canada row since Trudeau alleged probable Indian hand in the death of Khalistan separatist Hardeep Singh Nijjar in Canada in June. The UAE is a close economic and counter-terror partner of India in the Gulf region and Trudeau’s act is seen as an attempt to create pressure on India through New Delhi’s allies. «On the phone today, his highness @MohamedBinZayed and I spoke about the current situation in Israel. We expressed our deep concern and discussed the need to protect civilian life,” Trudeau posted on X (formerly Twitter).

Hamas group, killing over 1,000 people so far. “Today, we — President Macron of France, Chancellor Scholz of Germany, Prime Minister Meloni of Italy, Prime Minister Sunak of the United Kingdom, and President Biden of the United States — express our steadfast and united support to the State of Israel, and our unequivocal condemnation of Hamas and its appalling acts of terrorism," the statement read.

Joe Biden was interviewed as part of an investigation into his handling of classified documents by Special Counsel Robert Hur, the White House counsel's office said on Monday. The Democratic president's interview was voluntary and conducted over two days, concluding on Monday, said Ian Sams, a spokesperson for the White House counsel's office. US Attorney General Merrick Garland in January named Hur as special counsel to look into the improper storage of classified documents at Biden's Wilmington, Delaware, home and at a Washington think tank office set up for Biden after his 2009-2017 vice presidency. Such special counsels are appointed to handle sensitive cases — usually involving political figures or allegations of serious wrongdoing by the government — and have more independence than is usually afforded to federal investigators to decide whether to bring charges. Hur's interviews with Biden suggest the investigation, which has proceeded quietly, may have advanced to its final stages.

Hamas movement threatened to execute an Israeli captive every time Israel bombs a Palestinian home without warning, as Israel called up an unprecedented 300,000 reservists and imposed a blockade on the Gaza Strip, raising fears it planned a ground assault. The violence, which has claimed more than 1,500 lives, prompted international declarations of support for Israel after a devastating weekend attack by Hamas, and appeals for an end to the fighting and protection of civilians. Israeli TV channels said the death toll from the Hamas attack had climbed to 900 Israelis, with at least 2,600 injured, and dozens taken captive. Among the Israeli dead were 260 mostly young people gunned down at a desert music festival, where some of the hostages were abducted. Israeli Prime Minister Benjamin Netanyahu vowed revenge in a fiery speech accusing Hamas of executing tied-up children and other atrocities.

Hollywood writers have voted almost unanimously to approve the contract agreement reached by their union leaders that ended a strike after nearly five months

Catch all the LIVE updates on the Israel-Palestine War here, President Joe Biden said Monday that 11 Americans are dead and others are likely being held hostage by the Palestinian militant group Hamas after a surprise attack on Israel using what a US official called "ISIS-level savagery."As fears grew that the conflict could turn into a regional conflagration, the White House said there was no intention to put US boots on the ground but warned Iran and other actors not to get involved.

The shock attack by Hamas and Israel’s response risk a wider destabilisation of the region – and the global oil market is watching.

By Jamie McGeever

By Davide Barbuscia

ease of doing business, the government on Monday automated the system of giving credibility to the Indian exporters in the international markets. Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier. Goyal unveiled the initiative at a meeting with the export promotion councils, the commerce and industry ministry said in a statement. The Status Holder certification program provides credibility to the Indian exporters in the international markets “Over 15,000 exporters will be benefitted by this facility who will get 1 Star to 5 Star recognition within real time basis,” said A. Sakthivel, president, Federation of Indian Export Organisations. At present, the exporter is required to file an online application along with an export certificate from a chartered accountant for grant of status.

Union workers at Mack Trucks are on strike after voting down a tentative five-year contract agreement that negotiators had reached with the company

California will soon require big businesses to report a wide range of greenhouse gas emissions

Two Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks

U.S. Senate Majority Leader Schumer says he is grateful for a stronger statement from China condemning the deadly Hamas attack on Israel issued during his visit to Beijing that included a lengthy meeting with President Xi Jinping

By Vivian Sequera, Andrew Mills and Marianna Parraga

Investing.com — The Dow closed higher Monday, as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.  

A financial industry group Monday called on the SEC to withdraw a proposal targeting potential conflicts of interest related to the use of artificial intelligence by financial professionals because the regulation could harm retirement savers.

Postcard Hotel will launch India's most expensive hotel next year at Ranthambore in Rajasthan, with an opening price of ₹1.95 lakh per room per night plus taxes, the founder and chief executive of the luxury hospitality chain said. Besides Ranthambore, the chain will also launch seven hotels next year in locations such as Tirupati, Goa, Mashobra, Kanha Tiger Reserve and one in the Himalayas, Kapil Chopra told ET during an interview. «We are profitable at a company level. We have institutional funds working with us.

MUMBAI : Zoho Corp. is experiencing a revenue growth slowdown due to macroeconomic challenges in its key North American market. Chief executive Sridhar Vembu said the company has turned cautious regarding spending and hiring, as many of the problems are unlikely to be resolved quickly.

NEW DELHI : The popularity of e-commerce and social media in India has played a major role in stimulating demand for beauty products over the past decade, Alexis Perakis-Valat, president of the consumer products division at L’Oréal, said in an interview. This is helping the world’s largest beauty company attract more shoppers. Valat, who was in India last week, oversees a portfolio of brands for the French beauty company, including Garnier, L’Oréal Paris, Maybelline, Nyx, Essie, and Mixa.