Oil prices climb on continued impasse in US-Iran talks
Oil prices and US Treasury yields hit multi-decade highs amid stalled US-Iran negotiations over resuming Persian Gulf energy supplies.
Finance
US Federal Reserve’s Williams sees one more interest rate hike in late 2026
Fed's Williams favors one more rate hike late 2026, sees no October urgency, lowering October odds; other officials also support further tightening.
US 30-year treasury yield rises to highest level since 2002
US 30-year Treasury yield surpassed 5.61%, highest since 2002, amid a sixth-day global debt selloff driven by inflation fears, heavy supply and expected Fed hikes.
Equities end slightly lower as bond yields hold near multi-decade highs
US stocks closed slightly lower as bond yields stayed near multi-decade highs, with investors awaiting inflation and jobs data and weighing Fed rate comments.
Stocks slip in Asia as oil climbs, bonds retreat
Asian share markets mostly fell as surging oil prices and rising bond yields intensified expectations of further central bank interest rate hikes.
Genting Singapore trails MBS, but helps anchor Malaysian parent group’s finances
Despite trailing Marina Bay Sands, Genting Singapore's steady earnings crucially support parent group Genting Berhad amid recent credit downgrades.
Stocks fall; oil prices off highs amid renewed hopes for Middle East negotiations
Global stocks fell as US Treasury yields hit multi-year highs on Fed rate hike expectations, while oil prices pared gains amid Middle East peace talks.
India lets wealth-focused funds with US$463 billion invest abroad
India's market regulator will allow its US$463 billion portfolio management industry catering to wealthy individuals to invest in overseas securities and short equity options.
Wall Street stocks rise, greeting optimism over possible US-Iran deal
Wall Street stocks rose and oil prices fell amid hopes for a US-Iran diplomatic agreement to reopen the Strait of Hormuz and easing US-China trade tensions.
Singapore SMEs set for bigger role as chipmakers localise supply chains: A*Star deputy chief
Singapore SMEs will play a larger role in the semiconductor supply chain as major chipmakers localize sourcing, backed by A*Star initiatives to develop national industry champions.
AirAsia’s hunt for cheaper debt won’t be easy with US$100 oil
AirAsia struggles to secure cheaper refinancing for its $1 billion debt amid high oil prices, negative cash flow, and mounting liabilities.
German and Dutch strategic innovation agencies to collaborate on AI chip design
Dutch agency NADI and Germany's SPRIND are partnering on a €40 million project to accelerate AI chip design, aiming to reduce European reliance on US technology.