October 9, 2025 10:34 AM

Asia stocks sweep to new highs, oil slips on Gaza ceasefire deal

Asian stock markets scored fresh highs on Thursday as investors doubled down on all things AI-related, while gold held atop $4,000 and the dollar retained its recent hefty gains. Oil prices dipped as geopolitical tensions eased a little on news that Israel and Hamas had agreed to the first phase of a ceasefire plan to end the two-year conflict. U.S. President Donald Trump said he might travel to Egypt this weekend to discuss further steps in the deal. In equity markets, a resumption of the bu...

January 16, 2025 12:43 PM

Biden and Trump claim credit for Gaza ceasefire deal as international support grows

U.S. President Joe Biden and President-elect Donald Trump both claimed credit on Wednesday for a Gaza ceasefire-for-hostages deal that was months in the making but was helped across the line by a Trump envoy. In announcing the ceasefire, Biden noted the final deal largely mirrored the framework of a proposal he made back in May. He smiled when a reporter asked who the history books will credit for the ceasefire and asked, "Is that a joke?" "This plan was developed and negotiated by my team and...

January 14, 2025 3:48 PM

Qatari mediators present draft proposal for Gaza ceasefire and hostage exchange

Qatari mediators have sent Israel and Hamas a draft proposal for an agreement to halt the fighting in the Gaza Strip and exchange hostages for Palestinian prisoners as a first step towards an end to the 15-month-old war. A week before U.S. President-elect Donald Trump takes over from President Joe Biden, officials said a breakthrough had been achieved in talks in Doha and agreement could be near. Here are the main points from the draft, according to an Israeli official and a Palestinian offici...