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GLP Eyes Up to $3B Hong Kong IPO in Q4
Singapore-based logistics giant GLP plans a $3 billion Hong Kong IPO, targeting a Q4 listing with a valuation around $20 billion.
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Dollar Holds Steady as Markets Await Iran Signals and Central Bank Moves
US dollar stabilizes amid Iran peace talks uncertainty and hawkish central bank signals, with Bitcoin range-bound.
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Europe's Road Freight Crisis: Fuel Costs & Aging Drivers
Road freight drives Europe's economy but faces soaring fuel costs and a severe driver shortage. Industry leaders discuss solutions.
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Nikkei Breaks 67,000 as SoftBank Surpasses Toyota; AI Rally Drives Japan's Market
Japan's Nikkei index tops 67,000 for the first time, fueled by AI stocks and SoftBank's record market cap, overtaking Toyota.
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Japan’s Yen Defense Falters as BOJ Rate Hike Looms
Japan spent $73.6B to support the yen with limited success as the BOJ meeting June 15-16 approaches.
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Fed Chairman Powell Navigates Legal Storm Over Bank Stress Tests
The Federal Reserve is overhauling its bank stress test framework amid legal challenges, aiming for greater transparency and stability.
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Powell Warns Fed Independence Under Siege
Former Fed Chair Jerome Powell warns the central bank faces a political 'stress test' that threatens its institutional credibility.
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Mainland Investors Sell Hong Kong Stocks for First Time in Three Years
Mainland Chinese investors posted a net sell-off of $455 million in Hong Kong stocks in May, breaking a nearly three-year buying streak.