Iran’s Arsenal Is Fast Going Empty as It Is Running Out of Ammunition, Rocket Launchers as It Struggles to Contain Israel

Iran’s Arsenal Is Fast Going Empty as It Is Running Out of Ammunition, Rocket Launchers as It Struggles to Contain Israel

Iran’s retaliatory strikes on Israel have sharply declined over the past two days, following Israeli attacks on Iranian missile silos and launch facilities, experts said. Iran launched over 200 rockets in six waves on Friday and Saturday, according to the Washington-based think tank Institute for the Study of War (ISW). However, by the next day,…

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UOB becomes direct participant in China’s cross-border clearing and settlement system 

UOB becomes direct participant in China’s cross-border clearing and settlement system 

The bank can now provide cross-border renminbi clearing, settlement and payment services to other businesses and financial institutions [SINGAPORE] UOB and its wholly-owned subsidiary UOB China have become direct participants in China’s Cross-border Interbank Payment System (CIPS), the bank said on Wednesday (Jun 18). This is a wholesale payment system, authorised by the People’s Bank…

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Singapore shares dip ahead of Fed decision; STI down 0.3%

Singapore shares dip ahead of Fed decision; STI down 0.3%

[SINGAPORE] Stocks on the local bourse fell on Wednesday (Jun 18), tracking the mixed performance in other Asian markets, as investors awaited the US Federal Reserve’s policy decision and release of its updated dot plot. The benchmark Straits Times Index (STI) lost 0.3 per cent or 9.83 points to close at 3,920.81. Across the broader…

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