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British-Argentine actor Olivia Hussey, best known for her role in Franco Zeffirelli's 1968 'Romeo and Juliet' adaptation, has passed away aged 73. Diagnosed with breast cancer in 2008 and suffering a recurrence in 2018, Hussey's death was confirmed in an Instagram post from her official account earlier today.
The dollar stabilised after sinking against its peers, while gold jumped back above US$4,500 for the first time since early June. "The key question now is whether the fall in yields can last. If oil prices remain elevated and concerns over US borrowing continue, pressure on the long end of the Treasury curve could return," said City Index's Fiona Cincotta. Crude prices have been rising for the past two weeks as hopes for a US-Iran deal to reopen the Strait of Hormuz fade - the deadline for an agreement came up this week. Washington's naval blockade on Iran's ports and Tehran's attacks on commercial ships continue, and Iran's armed forces warned Gulf countries against assisting the US military on Wednesday. While both sides recently said messages were being exchanged, Trump on Tuesday insisted talks were off, taunting Iran with a social media post depicting the strait as a "NEW US Territory".
This is probably more about the signal the administration wants to send to the market than the size of the operation - it's small potatoes vs the US$40 trillion US government debt," wrote Neil Wilson at Saxo Markets. "I see it as a very strong sign that the Treasury has decided higher US yields are unacceptable, and that the recent blowout in the long end is undesirable. "Clearly, Donald (Trump) is not happy yields have blown out." The positive mood boosted Asia, where tech firms - which rely on debt to pay for their huge AI investments - were pummelled Wednesday. Seoul led the charge higher, having been the focus of selling pressure the day before. The Kospi jumped more than six per cent at one point as chipmaker SK hynix rocketed more than 12 per cent, helped by Wednesday's announcement by the firm of a US$29 billion share buyback aimed at soothing recent worries. Samsung climbed almost nine per cent.
READ: Cebu weather: Fair conditions expected, but strong winds persist Abella-Enad ordered the temporary suspension of all swimming activities along the coastlines of Barangays Tungkop, Tungkil and Calajoan. “Kahibaw ko nga daghan sa ato ang ganahan mag-enjoy ug maligo sa dagat, especially during weekends. Pero karon, safety first gyud ta (I know a lot of us wanted to enjoy and go swimming, especially on weekends. But for now, safety first),” Abella-Enad said. Also on Sunday, huge waves battered the motorbanca FBCA Divine Mercy while it was sailing off Madridejos town in Bantayan Island, northern Cebu No one was hurt, and all those aboard were reported safe and accounted for, the PCG-7 said.