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US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
OCBC strategists Sim Moh Siong and Christopher Wong highlight that resilient US data, sticky inflation and elevated energy prices are pushing US Treasury yields higher and supporting the US Dollar.
AUD/USD edges higher on Friday, trading around 0.7025 at the time of writing, up 0.20% on the day.
The Reserve Bank of India has set the WMA limit for the second half of 2026-27 at Rs 50,000 crore. This decision aims to assist the central government in managing temporary financial mismatches.
German Green Steel and Orient Cables were fully subscribed on Day 1, while Runwal Enterprises and Ace Vector saw a modest response
STRC has remained below $100 since May, despite a 12% dividend rate and roughly $1 billion in preferred share buybacks.
Facebook's parent company still has a long way to go to proving it can make enough money from its AI efforts to justify the vast expense
