South Korea begins probe into ship fire in Strait of Hormuz amid Iran dispute
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M&G’s Fedeli Shifts to Cheaper Stocks After Tech’s Rapid Rally
(Bloomberg) — M&G Investment Management is taking profit in technology stocks that have seen rapid gains and is instead seeking undervalued companies with strong fundamentals given volatile markets, said executive Fabiana Fedeli. Read More
Global Central Banks Boost Their Holdings of Malaysia Bonds
(Bloomberg) — Foreign central banks and governments have boosted their share of Malaysian sovereign bonds, underscoring the nation’s growing appeal as a reserve asset in a volatile global environment. Read More
Gold Rises as Buying Interest Counters Concern Over Hormuz Clash
(Bloomberg) — Gold rose as signs of buying interest emerged in the wake of strong purchases by China’s central bank, even as fresh clashes in the Middle East threatened to fracture a fragile ceasefire. Read More
US, Iran Clash Near Hormuz as Response on Proposed Deal Awaited
(Bloomberg) — The US and Iran clashed near the Strait of Hormuz, an escalation that threatens to further fracture a fragile ceasefire as the two sides discuss a permanent end to the war. Read More
World Employment Confederation’s 59th Annual Conference to Address Critical Global Labour Market Concerns
Senior leaders from policy, business and international institutions are set to discuss critical labour market concerns at the World Employment Confederation’s Annual Conference, during an era of global transformation and disruption never-before-seen. Read More
Oil Climbs Following Fresh Clashes Between US and Iranian Forces
(Bloomberg) — Oil climbed as renewed clashes between US and Iranian forces clouded the outlook for a deal to end the 10-week war. Read More
Record Stock Rally Slips on Iran Clash, Oil Gains: Markets Wrap
(Bloomberg) — Stocks pulled back on the final trading day of the week, while crude oil rose as escalating Middle East tensions revived concerns over energy supplies, testing the durability of a rally that had lifted equities to record. Read More