US Secretary of State Rubio instructed all US embassies around the world earlier this week to send an official diplomatic demarche about Operation Economic Outcast to the most senior level of their host governments, according to Axios citing US officials
PBoC is expected to set USD/CNY mid-point at 6.7167 (prev. 6.7829)
Mexico's Foreign Minister Velasco is to visit China on September 7th
US Secretary of State Rubio instructed all US embassies around the world earlier this week to send an official diplomatic demarche about Operation Economic Outcast to the most senior level of their host governments, according to Axios citing US officials
[MARKET UPDATE] Asia-Pac stocks begin with mild gains after the positive lead from Wall St, where the major indices recouped some of the recent losses as yields edge lower, while Trump said the renewed campaign against Iran would not continue for too long
PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hanwha Ocean (042660 KS) won a KRW 1.55tln order from Taiwan’s Yang Ming Marine Transport to build six LNG dual-fuel container ships
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
A worldwide, simultaneous demarche is an unusually broad instrument: formal diplomatic protests are typically delivered bilaterally and selectively, so instructing every embassy to raise the same matter at the most senior level signals an effort to build a coordinated multilateral front rather than to resolve a discrete dispute. Historically, campaigns of this kind have preceded attempts to isolate a target state economically, through sanctions coalitions, export-control alignment, or pressure on third countries to curtail trade and financial ties, and the pattern is that the demarche comes first and the concrete asks follow. The substantive questions are what Operation Economic Outcast actually designates, which government or governments it is aimed at, and whether host governments are being asked to take specific action or merely to be notified. The tells to observe are readouts from the states that received the demarche, any accompanying Treasury or Commerce measures, and whether allies publicly align or distance themselves, since the difference between a notification exercise and a coalition-building one is what separates headline risk from a genuine shift in trade and sanctions exposure. The sourcing, a single outlet citing unnamed officials, warrants the usual caution pending confirmation. Confidence on the substance is limited given how little of the operation itself is described.
Related headlines
- US Secretary of War Hegseth will extend troop deployments in the Middle East through 2027, increasing strain on US forces, according to WSJ31 min ago
- US Ambassador to NATO Matthew Whitaker says Iran is a bankrupt country and will not be able to pay anyone in its military, civil service or government, nor subsidise its society1 hour ago
- US Ambassador to NATO Whitaker says 1 hour ago
- US escorted 40 commercial vessels through the Strait of Hormuz on Tuesday, while the escorted vessels were carrying 18mln bbls of oil1 hour ago
- Military sources said clashes broke out between Yemeni government forces and Houthis in Al-Kadha area west of Taizz, Yemen2 hours ago
- US President Trump says regarding Iran that we're winning that one very big and we now control the Hormuz Strait2 hours ago
- Russian air attack damages multi-story residential building in Ukraine's Odesa2 hours ago
- White House Envoy Witkoff met last weekend with the UAE's national security adviser to discuss next steps on Iran, according to Axios3 hours ago
- Newsquawk Daily Asia-Pac Opening News - 3rd September 20263 hours ago
- Newsquawk US Market Wrap: Stocks bid with yields and oil little changed5 hours ago
- US CENTCOM says as of September 2nd, US forces have redirected 86 commercial vessels, disabled 3 and boarded 2 to ensure compliance6 hours ago
- US FX WRAP: Yen surges on no headline catalyst, with Kiwi weighed post-RBNZ6 hours ago
- Venezuelan Interim President says US and Venezuela Governments working to lift US sanctions on Venezuela6 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 0.79 HIGHER AT 91.01/BBL6 hours ago
- Ukraine President Zelensky reportedly plans to visit Canada next week, but the trip is yet to be finalised, according to Globe and Mail citing sources7 hours ago
- US President Trump, on Russia's war in Ukraine, says they have got to stop that war. 7 hours ago
- US President Trump says renewed campaign against Iran will not continue for too long; oil prices will come down7 hours ago
- US President Trump says the regime is getting weaker by the day7 hours ago
- Israel should not worry about a renewed war with Iran, reports Al Jazeera citing Trump to Israeli Broadcasting Corp8 hours ago
- US President Trump says Israel should not worry about a renewed war with Iran.8 hours ago
The whole workspace, free to try.
Try it free