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Take Five: Talking politics Jul 18, 2025 03:28AM

(Reuters) -Slice and dice it anyway you like and the week ahead for world markets will likely be dominated by politics and central banks in some shape or form.

Japan votes, the European Central Bank holds its pre-summer break policy meeting, U.S. President Donald Trump's constant pressure on the Federal Reserve chief stays on the watch list and Turkey's central bank meets against a backdrop of domestic political uncertainty.

Here's your... (continue reading...)


GSK shares fall after blood cancer drug likely headed for U.S. rejection Jul 18, 2025 03:24AM

(Reuters) -GSK shares fell more than 6% on Friday after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep, citing earlier concerns over eye-related side effects.

The British drugmaker was trying to revive the drug, which was pulled from U.S. markets in 2022 after failing a late-stage study. GSK's renewed application is based on two late-stage trials showing that Blenrep, when used in combination, improved overall... (continue reading...)


China expected to keep lending rates steady, focus turns to Politburo meet Jul 18, 2025 03:09AM

SHANGHAI (Reuters) -China is widely expected to leave its benchmark lending rates unchanged at a monthly fixing on Monday, a Reuters survey showed, as signs of economic resilience reduced the urgency for further monetary easing.

The loan prime rate (LPR), normally charged to banks' best clients, is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC).

In a Reuters survey of 20... (continue reading...)


Taiwan will not provoke confrontation with China; does not seek conflict Jul 18, 2025 03:09AM

TAIPEI (Reuters) -Taiwan does not seek conflict with China and will not provoke confrontation, but Beijing's "aggressive" military posturing was counterproductive, Vice President Hsiao Bi-khim said on Friday.

China considers democratic Taiwan as part of its own territory and calls President Lai Ching-te a "separatist". Taiwan's government disputes China's claim.

Speaking to the Taiwan Foreign Correspondents' Club in the capital Taipei, Hsiao... (continue reading...)


Philippines' Marcos to discuss trade and security during U.S. visit as tariffs loom Jul 18, 2025 03:05AM

MANILA (Reuters) -Philippine President Ferdinand Marcos Jr will visit the United States next week with a clear message to President Donald Trump that the Philippines must become economically stronger if it is to serve as a truly robust partner, an official said on Friday.

The visit, the first by an ASEAN head of state since Trump took office in January, will focus on economic cooperation, with Marcos expected to discuss concerns over proposed U.S. tariffs... (continue reading...)


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