Hong Kong developers rediscover pricing power amid firmer demand

Knicks Spark Euphoria From Bronx to Brooklyn

Bank of Korea governor says interest rates to be raised 'on time'

Bank of Korea governor says interest rates to be raised 'on time' SEOUL, June 12 : South Korea's central bank governor said on Friday it was necessary to raise interest rates "on time" as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. "Monetary policy often faces trade-offs between policy variables, but such trade-offs are not huge at this time. Therefore, it is necessary to raise interest rates on...

Oil prices fall on hopes of U.S.-Iran deal despite Tehran pushback

Oil prices fell Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes the Middle East conflict could be nearing its end. U.S. crude oil futures for July delivery fell 1.65% to $86.26 per barrel, while August futures for international benchmark Brent lost 1.55% to $88.98 per barrel in early Asia trading. Speaking at the Oval Office, Trump said he expects an agreement to be signed "over the next few days," assertions he has made...

Chinese Region Promotes Coal Chemicals as Energy Security Fix

Chinese Region Promotes Coal Chemicals as Energy Security Fix One of China’s top coal-producing regions plans to expand use of the feedstock to manufacture chemicals, even as the practice poses a rising threat to the country’s climate goals. The Iran War has boosted the coal-to-chemicals industry’s economics by raising the price of oil. Local officials are touting it as a key source of energy independence for China.