The Business Times

Strait of Hormuz transit will take ‘weeks’ to resume: Mitsui OSK CEO tells FT The agreement between US and Iran being finalised had not changed Jotaro Tamura’s view.

Asia markets temper Iran deal optimism; investors assess BOJ rate hike The initial excitement over the preliminary agreement between US and Iran is beginning to fade.

China’s Xi endorses leadership of Myanmar’s president as both leaders meet in Beijing Min Aung Hlaing is in China for a five-day state visit until Jun 19.

Bank of Japan raises interest rates to 31-year high in widely expected move The central bank decides to raise its short-term policy rate to 1% from 0.75% by a 7-1 vote.

KPMG scandal deepens Big Four accounting firms’ woes in Australia Latest controversy will likely accelerate sector decline, analysts say.

Scenario of AI-driven jobless economic growth need not scare investors and society Singapore can win in the age of AI and this will benefit local equities.

Trump may release US-Iran deal before Friday: Vance Trump may decide to release the agreement with Teheran before Friday, says V-P Vance.

Xiaohongshu targets end of June for confidential Hong Kong IPO: sources The potential listing that could rank among the city’s largest in recent years.

Fintech titans GCash and Maya test IPO goals as Philippine market thins The profitable rivals backed by PLDT and Globe Telecom are taking different routes to market.

Zouk expands into Mice and concerts with S$6 million revamp, focuses on differentiated experiences CEO Andrew Li aims for Mice to account for 15-20% of Zouk Singapore’s revenue within the next two years.

Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide Traders expect the US Federal Reserve to leave interest rates unchanged this week.

BlackRock said to be in exclusive due diligence for Capri by Fraser China Square The price is expected to be about S$330 million; the hotel is on a long lease with a balance of about 69.5 years.

Oil rebounds on concerns about US-Iran peace deal, restoration of supply Prices are now more than 30% lower than their peak at the height of the war.

SpaceX surges 20% in first full day of trading to add US$412 billion in value The stock climbed 20 per cent on Monday (Jun 15), extending Friday’s 19 per cent rally, to add US$412 billion in market value.

Trump says US-Iran deal is ‘all signed’, but details remain unclear US Vice-President Vance would attend a formal signing ceremony in Geneva on Jun 19.

Start your day with BT ☕️: Stocks to watch: SIA, Elite UK Reit Top stories: 1. Singapore: Singapore startups double down on AI usage, running multiple platforms: Aspire report 2. Singapore: Tiger Beer lines up new produc…

Australia’s ASX admits to misleading on software upgrade, agrees to A$20.5 million penalty It will also pay A$3 million towards ASIC’s costs in addition to the penalty.

Strait of Hormuz reopening would offer relief for Asia, but economic scars will remain Over the past 3½ months, currencies across the region have plummeted.

What the World Cup can tell us about finance World Cup prediction models highlight how hard forecasting in finance is.

BBC to cut hundreds of jobs in Britain in news division downsize: report Departments across the corporation have been ordered to cut about a tenth of their costs.

Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators Researchers interviewed by Reuters said Tesla’s figures are highly misleading.

Singapore public sector commands highest AI salary premium as job postings surge: PwC study The share of artificial intelligence-related listings is up at 5.3% in 2025, from 3.3% the previous year.

Unshaken in Apac: Hilton sees strong demand, fundamentals, investment in region amid global flux The population is growing more affluent, travel demand is holding steady, and there is an undersupply of rooms.

New private home sales fall to three-month low in May with 447 units sold Still, the latest May sales figure was 43.3 per cent higher than its equivalent in the same month a year earlier.

Singapore’s total employment growth slows in Q1; job vacancies dip while retrenchments inch up Labour market conditions should stay resilient, but firms will be more cautious in hiring, raising wages: MOM.

Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026 Singapore Exchange is also exploring the relaunch of a physically deliverable gold futures contract.

‘Keep what works, change what does not’: PM Wong on Singapore’s approach to navigating challenges He was speaking ahead of the opening plenary of the World Cities Summit 2026.

Oil slips over 4% after US and Iran reach deal to end war, reopen Strait of Hormuz The draft deal called for reopening Hormuz within 30 days under Iranian arrangements, says Mehr news agency.

US, Iran reach deal to end war, signing set for Jun 19 Trump said Hormuz would be open ‘toll free’ and that a US naval blockade of Iran ports would also end.