Posts by Stephanie Irvin
Australian, New Zealand dollars fall with global stocks after US strikes Iran
[SYDNEY] The Australian and New Zealand dollars fell with global stocks on Monday after the US bombed nuclear facilities in Iran, although they found some chart support to lean on and bounced off earlier lows. Investors were anxiously waiting to see if Iran would retaliate with the closure of the Strait of Hormuz through which…
Read MoreAir India crash risks fuelling up to 30% jump in insurance premiums
The airline’s fleet is insured for about US$20 billion in total, with an annual premium near US$30 million, according to data from Policybazaar Published Mon, Jun 23, 2025 · 09:49 AM [MUMBAI] Indian insurance policy sellers expect the cost of coverage for airlines to spike as much as 30 per cent after the deadliest aviation…
Read MoreUS urges China to dissuade Iran from closing Strait of Hormuz
Published Mon, Jun 23, 2025 · 09:02 AM [WASHINGTON] US Secretary of State Marco Rubio on Sunday (Jun 22) called on China to encourage Iran not to shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear sites. Rubio’s comments on Fox News’ Sunday Morning Futures with Maria Bartiromo show came…
Read MoreStocks to watch: OCBC, Fu Yu, Keppel Infrastructure Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 23): OCBC: The lender has committed more than RM11 billion (S$3.3 billion) in financing to support businesses in the Johor-Singapore Special Economic Zone (JS-SEZ) since 2024, the bank said on Sunday. By end-2025, it expects to provide at…
Read MoreJapan flags big cut to long-end bond issuance before risky sale
[TOKYO] Japan’s larger-than-expected cut to super-long bond issuance has the potential to ease some upward pressure on yields just before an auction this week that risks reigniting turmoil in the debt market. The move by the finance ministry may also prove fortuitous in light of the US attack on Iranian nuclear sites over the weekend.…
Read MoreFedEx founder and executive chairman Frederick Smith has died, CEO tells staff
More than 500,000 employees worldwide handle approximately 17 million shipments each day at the company Published Mon, Jun 23, 2025 · 07:39 AM [NEW YORK] Federal Express’ (FedEx) founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj…
Read MoreBritain to cut companies’ energy bills in new industrial strategy
[LONDON] Britain will aim to cut the electricity bills of thousands of companies under a new industrial strategy to be published on Monday, heeding calls from business to lower high energy costs that they say have damaged competitiveness and hindered growth. Under an industrial strategy for the decade 2025-2035, the government plans to cut the…
Read MoreUS dollar gains in early trading as world awaits Iran’s response
[NEW YORK] The US dollar strengthened in early trading as investors sought havens in a move to shield against mounting geopolitical risks following the US strikes on Iran. The US currency was quoted stronger against the euro and most major foreign-exchange peers as markets opened for the week in Sydney. Traders are forecasting a drop…
Read MoreCurrency traders ditching the US dollar for euro on option bets
The euro is taking on a bigger role in the global currency options market as traders skirt around the US dollar given the risks from unpredictable US policy and a global trade war. There’s been a shift in trading volumes. Around 15-30 per cent of contracts tied to the US dollar versus major currencies were…
Read MoreHong Kong stock rally shakes up investor playbook for China
Wall Street entered 2025 with bullish bets on onshore Chinese stocks, counting on Beijing’s stimulus drive to cushion the blow from US tariffs. Six months in, they couldn’t have been more wrong. Blame it on the breakthrough by DeepSeek in artificial intelligence (AI) that suddenly turned the tide in favour of Chinese shares listed in…
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