Latest posts
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Here Are Winners and Losers from Pakistan’s $68 Billion Budget
Pakistan’s 18.8 trillion-rupee ($67.6 billion) budget, which includes lower taxes on sectors like cement and textiles, has lifted related stocks as the country seeks to balance growth with its International Monetary Fund commitments.
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LBMA Says Gold’s Status as a Safe Haven Still Holds
London Bullion Market Association CEO Ruth Crowell thinks the narrative of gold’s status as a safe haven still holds. She adds that it’s important to measure safe haven status in years rather than weeks or months. She speaks with Paul…
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Swiss Pragmatism Holds as Disputed Population Cap Rejected
Swiss voters opted to play it safe on Sunday, rejecting an unprecedented proposal to cap the country’s population at 10 million people as economic risks overcame elevated concerns about immigration.
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More Bank of England Officials Set to Back Hikes as Iran War Frays Unity
The Iran war produced an unusual sight on the Bank of England’s rate-setting panel: unity. Economists don’t expect it to last.
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Failed SpaceX IPO Allocation Prompts Korea to Widen Mirae Review
South Korea’s financial watchdog has expanded an inspection of Mirae Asset Securities Co. to examine the brokerage’s failure to secure an allocation of SpaceX shares in the company’s initial public offering, according to people familiar with the matter.
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US and Iran Reach Deal to Halt the War, Reopen Hormuz
The US and Iran reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for negotiations on the fate of Iran’s nuclear program. Bloomberg’s Abeer Abu Omar has…
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US-Iran Peace Deal May Keep Rally in India Stocks, Rupee Going
The rupee has emerged as Asia’s best performer over the past month.
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SVB Energy’s Vakhshouri on the Outlook for Oil Prices
Sara Vakhshouri, founder of SVB Energy International, says the oil market has adapted to the Strait of Hormuz disruption and prices could fall to pre-war levels if the waterway “truly” reopens. She speaks with David Ingles and Yvonne Man on…
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Shipowners Seek Clarity on Hormuz Deal as 600 Vessels Eye Exit
A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details in order to assess whether safe transits are possible after months…
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Aluminum Slumps as Iran Peace Deal Softens Blow of Supply Crisis
Aluminum slumped to a two-month low as a peace deal between the US and Iran laid the groundwork for the resumption of metal shipments through the Strait of Hormuz.
