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HomeDaily NewsTuesday, June 10, 2025International Relations and Trade Updates
Business & Economy2 stories from 1 sources

International Relations and Trade Updates

Tokyo stocks rise on U.S.-China trade hopes; Canada pledges to meet NATO's 2% defense spending target.

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Tuesday 1:26 PMCapital Business

Tokyo stocks rise on hopes for progress in U.S.-China trade talks

Tokyo stocks rise on hopes for progress in U.S.-China trade talks

Tokyo stocks experienced a slight increase as optimism grew over ongoing U.S.-China trade talks on June 10. The Nikkei Stock Average rose by 122.94 points, or 0.32 percent, closing at 38,211.51.

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Key Highlights

Tokyo stocks experienced a slight increase as optimism grew over ongoing U.S.-China trade talks on June 10. The Nikkei Stock Average rose by 122.94 points, or 0.32 percent, closing at 38,211.51.

  • The broader Topix index finished up by 0.83 points, or 0.03 percent, at 2,786.24.
  • Senior U.S. officials made positive statements about the trade discussions.
  • Investors remained cautious, awaiting concrete agreements from the negotiations.
Tuesday 11:29 AMCapital BusinessFirst

Canada pledges to meet Nato’s 2% defence spending target within a year

Canada pledges to meet Nato’s 2% defence spending target within a year

Canada will enhance its defence spending to meet Nato's target of 2% of GDP by March 2024, according to Prime Minister Mark Carney.

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Key Highlights

Canada will enhance its defence spending to meet Nato's target of 2% of GDP by March 2024, according to Prime Minister Mark Carney.

  • Current defence spending is 1.4% of GDP, with a planned increase of C$9.3bn ($6.5bn).
  • Carney emphasized Canada’s need to diversify its defence partnerships and reduce reliance on the United States.
  • The new defence strategy will include a focus on modernizing equipment and establishing a new defence procurement agency.
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