DBS Group Research Strategist Chang Wei Liang highlights that the Japanese Yen (JPY) remains undervalued but that this undervaluation has narrowed after Japan’s second FX intervention of 2026, conducted jointly with the United States (US). Liang stresses that rare co-ordinated action, last seen in 2011, aims to curb JPY weakness…
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West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.Sentiment received an initial boost after Pakistan’s defence minister suggested that Washington and Tehran are “close to some sort of arrangement” to secure the critical Strait of Hormuz. Adding to the…
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OCBC’s Sim Moh Siong and Christopher Wong note that Indonesian Rupiah (IDR) strengthened to near…
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Elhanan Harel and his wife were living in New York City, where they paid $1,770 a month for a tiny one-bedroom apartment. The rent might have been manageable had Harel’s lice-treatment business been doing well, but the pandemic’s disruptions had made it difficult to make ends meet.In 2020, the couple…
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View MoreCleveland Federal Reserve President Beth Hammack on Monday said that she thinks there will be a need for more than one interest rate hike to prevent inflation from becoming more entrenched across the economy. Hammack made the comments in an interview with Yahoo Finance that followed her dissent from the…
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Oracle has drawn up plans for a new round of job cuts to reduce payroll as it racks up billions in debt to fund AI infrastructure, according to people familiar with the plans and an internal document viewed by Business Insider.The cuts could reach double-digit percentages on some teams, according…
