Companies & Markets
Oil rises after biggest drop since 2020 as Hormuz stays blocked
Even once the strait transit picks up, the return of energy supplies will not be instant
Hyundai reroutes ships with Hormuz blockage disrupting supplies
The company is seeking to source more components locally in Europe rather than ship them from South Korea
Gold pares gains after Iran says ceasefire deal with US violated
Since the war in the Middle East began, bullion has traded largely in tandem with stocks
New Zealand central bank governor still expects economic growth in 2026
[WELLINGTON] New Zealand Reserve Bank Governor Anna Breman said on Thursday that she still expected to see the country’s economy grow in 2026, particularly if the ceasefire in the Middle East holds.
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BYD eyes more Porsche hires for luxury line’s Europe push
European manufacturers are grappling with poor sales of their priciest EVs and muted demand in China
US Fed’s Daly says US economic fundamentals in a ‘good place’
SAN Francisco Federal Reserve President Mary Daly on Wednesday said the US economy is fundamentally in a “good place” despite sharply higher oil prices from the Iran war and the uncertainty over how l...
US Fed rate cut bets revived, a bit, by Iran war ceasefire
FEDERAL Reserve policymakers may consider cutting interest rates later this year now that an agreement for a two-week ceasefire in the Iran conflict has eased concerns about a resurgence of inflation,...
US Fed minutes show officials saw two-sided risks from Iran war
Several policymakers have since signalled a desire to hold rates steady as they gauge the war’s fallout
European stocks logs best day in a year as Iran truce fuels relief rally
EUROPEAN shares jumped more than 3 per cent on Wednesday after US President Donald Trump agreed to a two-week ceasefire with Iran, sparking a relief rally across global markets with investors optimist...
Refreshed tenant mix, new communal spaces: How City Square Mall’s $50 million revamp aims to draw more S’poreans
City Developments Limited’s three-phase transformation of the mall adds 26,000 sq ft of gross floor area and a dedicated community support hub, deepening its role in the neighbourhood beyond retail
