The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Tuesday that two 'offending supertankers' were hit and disabled in the Strait of Hormuz. IRGC said that tankers ignored warnings, turned off navigation syste…
Read more →July 14 (Reuters) – Genesis Minerals has agreed to acquire smaller peer Vault Minerals in a deal that would create Australia’s third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 bil…
Read more →West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties followi…
Read more →The AUD/USD pair trades with mild losses around 0.6915 during the early Asian session on Tuesday. Ongoing geopolitical tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) agai…
Read more →The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani terr…
Read more →Gold price (XAU/USD) remains under selling pressure near $3,995 during the early Asian session on Tuesday. The precious metal extends its downside as renewed US-Iran tensions keep inflationary pressures high. Traders aw…
Read more →Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term.
Read more →Paramount has vowed to fight California’s lawsuit seeking to block its proposed $110-billion merger with Warner Bros. Discovery, arguing the deal would actually boost competition.
Read more →Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence. The report highlights persistent weakness in de…
Read more →OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for …
Read more →OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for …
Read more →The British Pound Sterling is spending Monday learning the difference between a recovery and a reprieve. GBP/USD opened the week flush against its 200-day Exponential Moving Average (EMA), probed the 1.3400 area through…
Read more →The shared currency begins the week on a lower note, down 0.31% as risk aversion fueled flows towards the US Dollar amid heightened tensions in the Middle East. Also, hawkish comments by a Fed official underpinned US Tr…
Read more →UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the ne…
Read more →Saudi Arabia's flagship carrier is in talks with Boeing Co and Airbus SE for what could be its largest plane purchase yet, committing billions of dollars towards becoming a travel and tourism hub.
Read more →The U.S. spirits market has been under pressure for over two years, JPMorgan analysts wrote on Aug. 20 in an earnings preview, citing a Gallup report that says the percentage of adults self-reporting that they consume a…
Read more →OCBC strategists Sim Moh Siong and Christopher Wong observe that USD/SGD has turned slightly softer, tracking Renminbi (RMB) gains as the Dollar consolidates. They see risks skewed to the downside, with support at 1.29 …
Read more →The US Dollar Index (DXY) surges toward 101.30, gaining around 0.3% as escalating tensions between the United States (US) and Iran boost safe-haven demand and drive energy prices sharply higher. US President Donald Trum…
Read more →DBS Group Research, led by Ma Tieying, assesses Taiwan’s AI-driven expansion and its implications for the 2H26 outlook. The bank notes that AI remains central for Taiwan’s technology-oriented economy and that the AI sup…
Read more →Commerzbank’s Dr. Henry Hao and Moses Lim note that Bank Negara Malaysia (BNM) kept the OPR at 2.75% for a sixth straight meeting, maintaining a cautious tone on global risks. Growth is still expected within a 4–5% rang…
Read more →The New Zealand Dollar recoiled during Monday’s North American session, down 0.12%, as the Greenback posted gains versus most G8 FX currencies amid rising geopolitical tensions and hawkish comments from a Fed Governor. …
Read more →OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH dipped after a stronger USD/CNY fix below 6.80, the first such level since February 2023. They read this as policymakers being comfortable with …
Read more →Silver price remains below $60.00 as the week begins, diving nearly 4% on Monday amid tensions in the Middle East. Hawkish remarks by Federal Reserve (Fed) Governor Christopher Waller underpin the Greenback, which, acco…
Read more →UPDATED: A group of a dozen state attorneys general filed suit to block Paramount‘s $110 billion acquisition of Warner Bros. Discovery, long-anticipated litigation to stave off a merger despite receiving clearance from …
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