Jun 16th, 2026 Strait of Hormuz to Reopen by Friday, Trump Says US President Donald Trump says the Strait of Hormuz will reopen by Friday, but his European allies don't share his optimism. Bloomberg's Dan Williams and Stephen Stapczynski report on what we know so far.
Sify Infinit Is Said to Put $391 Million India IPO on Hold Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sify Infinit Spaces Ltd. has put its planned 37 billion rupee ($391 million) initial public offering on hold, according to people familiar with the matter, adding to a growing list of companies delaying share sales because of India’s weak stock market.
The Reserve Bank of Australia held rates at 4.35% Tuesday, while stating that it was ready to raise rates to manage price stability and full employment. The unanimous move was in line with economists polled by Reuters, and comes even as Canberra fights to tamp down inflation in the country. In its statement, the RBA said that inflation was "still too high," warranting to keep the cash rate unchanged while it evaluates "the response to previous interest rate rises and the impact of the oil...