Aussie Dollar Hits Four-Month High as RBA Rate Hike Bets Firm
AUD/USD rises to $0.7212 on rising RBA hike odds; kiwi weakens after RBNZ's cautious outlook.
Business
Oil heads for biggest weekly jump since July on US-Iran escalation
Oil prices are set for their steepest weekly gain since mid-July, driven by escalating US-Iran hostilities and supply risks in the Strait of Hormuz.
Gold Steady Ahead of US Payrolls Data, Set for Weekly Gain
Gold prices held steady on Friday, poised for a small weekly gain, as traders awaited US payrolls data for signals on the Federal Reserve's next move.
US Carriers Eye Cockpit Traffic Displays Ahead of Possible Mandate
US airlines are considering equipping planes with ADS-B In cockpit traffic displays before any legal requirement, following a deadly midair crash in January.
Tesla Rolls Out Cybercab Rides in Limited Austin Areas
Tesla's Cybercab, a two-seater without steering wheel or pedals, is now offering rides in parts of Austin, Texas.
Yen Holds Gains After Sudden Surge; Dollar Awaits US Jobs Data
The yen's overnight jump keeps the dollar under pressure as markets await the US jobs report for clues on Fed policy.
KEPCO seeks $15 billion advance from Samsung to fund grid expansion
KEPCO proposes Samsung pay $15 billion in advance for power through 2031 to fund grid expansion for chip fabs and AI data centres.
Gold Steady as Markets Await US Payrolls for Fed Rate Direction
Gold prices held steady in Asian trade on Thursday, with investors awaiting US nonfarm payrolls data for clues on the Federal Reserve's next rate move.
Oil slips as traders weigh lull in US-Iran strikes
Oil prices edged lower as markets assessed a tentative pause in US-Iran hostilities, with crude transits through the Strait of Hormuz below average.
Diversified Energy to Acquire Birch in $1.8 Billion Permian Basin Deal
Diversified Energy will buy Birch for $1.8 billion, adding 68,000 boepd and 480 wells in the Permian Basin.
Diversified Energy to Acquire Permian Basin Operator Birch in $1.8 Billion Deal
Diversified Energy announced a $1.8 billion deal to buy privately held Birch, gaining assets in the Permian Basin.
Honda pushes suppliers for 30% cost cuts in $9.4 billion China response
Honda has told suppliers to slash costs by 30% in key parts categories, part of a 1.5 trillion yen savings plan to counter Chinese EV competition.
Kiwi slips as RBNZ signals gradual path; Aussie firm on strong GDP
RBNZ's cautious rate outlook weakens NZ dollar; Australian GDP beat narrows odds on another RBA hike.
India Bond Yields Set to Climb as Oil and US Rates Pressure Sentiment
Indian bond yields are expected to rise further as high oil prices and surging US Treasury yields weigh on investor sentiment.
Chicago wheat slips after 3-1/2-year peak as Black Sea tensions persist
Chicago wheat futures eased after hitting a 3-1/2-year high, as traders assess continued Black Sea export disruptions from the Russia-Ukraine conflict.
Rupee's Rally Faces Fresh Test as Oil Surge, US Yields Weigh
The Indian rupee is set to open lower as surging oil prices and higher US Treasury yields challenge the RBI's recent intervention-driven rally.
US Bond Yields Climb to Multi-Year Highs as Oil Rally Stirs Inflation Worries
US Treasury yields hit multi-year highs as oil prices jumped on US-Iran tensions, reviving global inflation fears.
Australia Approves Kimberly-Clark-Kenvue Deal, Mandates Brand Divestment
Australia's ACCC approves Kimberly-Clark's $40 billion Kenvue acquisition, conditional on divesting Carefree and Stayfree brands to preserve market competition.
Gold Slips to Two-Week Low as Yields, Dollar Firm; US Jobs Data Awaited
Gold hit a two-week low on Wednesday, pressured by higher Treasury yields and a firm dollar, as markets awaited US jobs data for rate signals.
Asian Stocks Slide as US-Iran Tensions Push Oil Higher, Bond Yields Rise
Asian markets fell sharply on Wednesday as US-Iran tensions lifted oil prices and bond yields, stoking inflation fears and a global equity selloff.