United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended modest gains to close at 1.1551, with mild upward momentum still intact. Intraday, the pair may test 1.1565, though a move to 1.1600 is seen as unlikely without stronger momentum. On a 1–3 week horizon,…
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Yemen’s Iran-backed Houthis said that they had launched a missile attack on a Saudi oil tanker off the coast of the kingdom’s Red Sea port city of Yanbu and another missile attack on a Saudi oil tanker in the Gulf of Aden, Reuters reported on Wednesday.Earlier, the United Kingdom Maritime Trade Operations (UKMTO) reported an incident southeast of Aden but it is unclear whether it was the same attack.A Houthi military spokesman said that the latest attacks…
The development of a skyscraper in New York City that will house Ken Griffin’s Citadel…
Here is what you need to know for Thursday, August 6:Metals were the biggest earners…
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From United Airlines and Emirates to British Airways and Air New Zealand, Elon Musk’s Starlink is gaining popularity across global airlines.In its 2025 Progress Report, Starlink said more than 1,400 commercial planes worldwide have been equipped with the ultra-high-speed internet. Over 40 commercial carriers have announced deals.All airlines that offer…
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Minneapolis Federal Reserve President Neel Kashkari on Wednesday outlined why he thinks the central bank should raise interest rates to curb persistent inflation and head off the need for more substantial monetary policy action at a later date. Kashkari was one of the three Fed policymakers who dissented from the…
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Is the economy still K-shaped?The label came into vogue to describe an economy where the rich keep pulling ahead while the poor fall further behind. Recent comments from business executives and policymakers suggest that shape might be changing.Hilton CEO Christopher Nassetta said that sales growth is spreading beyond just luxury.…
