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Oil eases as traders weigh US-Iran conflict risks
July 16 : Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through the Strait of Hormuz.Brent crude futures were down 58 cents, or 0.68 per cent, to $84.37 a barrel at 0808 GMT, while U.S. West Texas Intermediate future
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Dollar at one-month low as cooling inflation offsets oil price risks
July 16 : The dollar hovered near its one-month low on Thursday as investors weighed subdued U.S. inflation data, which dampened rate-hike expectations, against the risk of a further oil price spike that could support the greenback.U.S. Treasury yields fell on Wednesday after a second consecutive day of data
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Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
SEOUL, July 16 : Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10 per cent, a move it said would help it deploy advanced robotics across its operations.Terms of the deal were not disclo
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Wales make six changes for Nations Championship test against South Africa
July 16 : Wales coach Steve Tandy has made six changes for the Nations Championship test against South Africa in Durban on Saturday, including a return to the starting 15 for wing Louis Rees-Zammit and the selection of Dan Edwards at flyhalf.• Rees-Zammit replaces Ellis Mee from the side that lost 35-21 to
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South Korea toughens regulations on single-stock leveraged ETFs
SEOUL, July 16 : South Korea’s financial regulator on Thursday unveiled a series of regulatory measures aimed at easing market volatility triggered by exchange-traded funds (ETFs) that are tied to certain major technology firms. So-called single-stock, leveraged ETFs linked to chipmakers Samsung Electronics a
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Oil eases as traders lock in gains, assess Iran escalation
TOKYO/BEIJING, July 16 : Oil prices turned lower on Thursday as traders took profits while assessing the risks from a new wave of U.S. strikes on Iranian military installations that stoked fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.The U.S. struck Iran’s coastal defenc
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Dollar stabilises above one-month low as traders focus on inflation risks
HONG KONG, July 16 : The U.S. dollar stabilised on Thursday after touching a one-month low, as soft inflation data reinforced bets that the Federal Reserve will hold off on hiking rates, while fresh Middle East tensions posed a risk to the outlook.The euro held firm near a one-month high, last trading at $1.1
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Japan household inflation expectations rise, build case for BOJ rate hikes
TOKYO, July 16 : Japanese households’ inflation expectations crept up and the ratio of those expecting prices to rise a year from now hit a record high, a quarterly central bank survey showed on Thursday, bolstering the case for further interest rate hikes.The survey, which followed a separate poll showing co
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UK regulator to probe TikTok on child safety measures
July 16 : Britain’s media regulator launched an investigation into TikTok on Thursday to understand whether its UK unit failed or is failing to protect children from harmful content.A month ago, the government imposed a blanket ban on social media for users under the age of 16 and placed restrictions on gamin
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Scheffler ready for title defence as 154th Open gets underway
SOUTHPORT, England, July 16 : The British Open began under clear skies on Thursday at Royal Birkdale in Southport, where American Scottie Scheffler is bidding to become the event’s first back-to-back winner since 2008.• The opening shot of the 154th edition was struck by England’s Matthew Baldwin, who is al
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