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Stocks waver, oil falls as traders weigh fragile Iran peace talks
SYDNEY/LONDON, June 22 : European stocks and U.S. futures fell slightly while oil prices dipped on Monday after Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the fragile process to end the Iran war was breaking down.Officials from Qatar and Pakistan
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Oil falls after US-Iran talks signal easing supply risks
BENGALURU/LONDON, June 22 : Global oil prices fell on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.Brent crude was down 61 cents at $79.96 a barrel by 0815 GMT. Prices
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South Korea market watchdog offers rare mea culpa over leveraged ETFs
SEOUL, June 22 : The head of South Korea’s market watchdog offered a rare mea culpa on Monday, saying it was too hasty in approving leveraged funds tied to some of the country’s best-known chip stocks.The comments from Lee Chan-jin, governor of the Financial Supervisory Service, are some of the starkest yet a
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Philippines cuts 2026 growth forecast, citing graft scandal and energy crisis
MANILA, June 22 : Growth in the Philippines this year will be lower than previously forecast due to the energy crisis and the lingering effects of a corruption scandal that has slowed government spending, the economic planning secretary said on Monday.Growth is now seen coming in at 3.5 per cent to 4.5 per ce
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Bank of England softens stablecoin rules in final framework
LONDON, June 22 : The Bank of England published its final policy and draft rules for stablecoins on Monday, easing some proposals set out for industry consultation last year. The BoE scrapped plans to cap individual holdings, opting instead to limit total issuance per stablecoin, initially set at £40 billio
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Oil falls after US-Iran talks conclude in Switzerland
NEW DELHI, June 22 : Oil prices declined on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.Brent crude fell $1.68, or 2.09 per cent, to $78.89 a barrel by 0633 GMT. Pric
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South Korea watchdog regrets rushed launch of leveraged ETFs, considering measures
SEOUL, June 22 : South Korea is considering introducing stabilising measures as leveraged products tied to semiconductor stocks stoke volatility in the country’s stock market, the market watchdog said on Monday, adding these products were introduced too hastily. Lee Chan-jin, governor of the Financial Supervi
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Asian stocks gain, oil slips as Iran talks progress
SYDNEY, June 22 : Asian share markets swung higher on Monday as Iranian negotiators said progress had been made in peace talks with the United States, helping calm fears the process was breaking down.Officials from Qatar and Pakistan also released a statement saying the first session of talks had concluded an
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Salah revels in central role to help Egypt make their World Cup mark
VANCOUVER, June 21 : Mohamed Salah has built a career on rewriting the record books and the Egypt captain did so again on Sunday, scoring and setting up another goal as his side fought back to beat New Zealand 3-1 in Vancouver for a historic first World Cup victory.After an underwhelming final season at Liver
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Thailand will raise its annual economic growth potential to 3% by 2030, Finance Minister says
BANGKOK, June 22 : Thailand plans to lift its economic growth potential to 3.0 per cent from 2.7 per cent by 2030, Finance Minister Ekniti Nitithanprapas said on Monday.• The government will drive economic growth through “four pillars” including new investment, trade and services like tourism and agricultur
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