Onshore Yuan Advances to Three-Year High on Iran Ceasefire Boost
China’s yuan hit a three-year high as the pause in Middle East hostilities eased geopolitical tensions.
Political news and analysis
China’s yuan hit a three-year high as the pause in Middle East hostilities eased geopolitical tensions.
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Shipowners are scrambling to understand the fine print in a ceasefire that could temporarily open up the Strait of Hormuz, hoping to take advantage of a potential window to extract more than 800 vessels trapped in the Persian Gulf.
Mona Yacoubian, Director and Senior Adviser of the Middle East Program at the Center for Strategic and International Studies, discusses the two-week ceasefire between the US and Iran that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. She speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Vivek Dhar, Head of Commodity and Sustainability Research at the Commonwealth Bank of Australia, discusses the outlook for commodities as oil plunged and gold advanced after the US and Iran agreed to a two-week ceasefire. He speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Kirsten Fontenrose, Strategic Advisor at Systems Planning & Analysis, discusses the two-week ceasefire between the US and Iran that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. She speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
SONNY ARAGBA-AKPORE contends the communication satellite is neck-deep in debts Nigeria’s only communications satellite, NigComSat 1R, is troubled and appears to be in a wheelchair, struggling for survival. Its troubles began
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Architect Rex Heuermann will appear in court on Wednesday when he is expected to plead guilty to murder charges.
Mona Yacoubian, Senior Adviser of the Middle East Program at the Center for Strategic and International Studies, says the possibility of Iranian armed forces coordinating ships passing through the Strait of Hormuz could be seen as a "huge concession" towards the Iranian regime. (Source: Bloomberg)
Angels DH Jorge Soler charged the mound after Braves starter Reynaldo Lopez threw a high inside pitch, as both players threw punches amid a bench-clearing brawl in the fifth inning of Tuesday's game.
Wheat and soybean oil dropped steeply as a two-week ceasefire deal between the US and Iran signaled an easing of geopolitical tensions.