Asian shares are trading mixed, as investors tried to digest the recent swings in oil prices and the U.S. bond market. Benchmarks rose in early Thursday trading in Tokyo, but fell in Sydney, Hong Kong and Shanghai. Trading was closed in South Korea for the Chuseok autumn harvest holiday. Oil prices fell slightly, although they remain well above the cost before the war with Iran began. Worries run high that the war with Iran will keep oil bottled up in the Middle East for a long time. Talks are continuing with mediators between U.S. and Iranian officials, but nothing concrete has come from it yet.

Iranian President Masoud Pezeshkian delivered a defiant speech at the United Nations as Tehran downplayed talks with the United States about their 7-month-long war. Speaking before the U.N. General Assembly on Wednesday, Pezeshkian said his people had been the “victims of terrorism” at the hands of the United States. He described U.S. attacks on his country as “cowardly.” Iran's Foreign Ministry, meanwhile, took aim at U.S. President Donald Trump's assessment of talks between the countries as “very good,” instead characterizing them as “not anything new.”

Chinese President Xi Jinping has arrived in Washington, where he was met with a rare planeside greeting from President Donald Trump, who was there to welcome his counterpart on the tarmac instead of waiting for him to drive up to the White House. As Xi arrives, Trump's Treasury Secretary Scott Bessent announced that the two leaders would extend a trade truce to January. It had been set to expire in November. Trump is pulling out the stops to honor China’s leader as he makes his first state visit to the U.S. capital in more than a decade.

Chinese President Xi Jinping has arrived in Washington, where he received a rare greeting from President Donald Trump. The U.S. president met his counterpart at the base’s airport instead of waiting for him to drive to the White House. Trump’s decision to greet Xi shows how far the U.S. president is going to honor China’s leader as he made his first state visit to the U.S. capital in more than a decade. Treasury Secretary Scott Bessent said on Fox News Channel Wednesday that the two countries would extend their trade truce to Jan. 10. It had been set to expire in November.

Diesel fuel, which powers the global economy and the American heartland, is hitting record prices as the war in the Middle East intensifies, l…

Pressure from the U.S. bond market hit a new level on Wall Street after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink Wednesday, and the S&P 500 slid 0.8%. The Dow Jones Industrial Average dropped 0.7%, while the Nasdaq composite fell 1.1% from its all-time high. The yield on the 10-year Treasury jumped to 5.10% and is back to where it was in 2007 after a report said both activity and costs for U.S. businesses are rising at the fastest pace in years.

KYIV, Ukraine (AP) — Russia hammered Kyiv with drones in daylight attacks on Wednesday hours before Ukrainian President Volodymyr Zelenskyy me…