US Dollar Index slides to near 99.5 on US‑Iran peace deal optimism ahead of Fed decision FXStreet +1 bearish DXY +

• DXY fell to around 99.50 in the Asian session, its lowest level this week.
• Optimism over a US‑Iran peace agreement, to be signed Friday, reduced safe‑haven demand for the dollar.
• Fed is expected to keep rates unchanged at 3.50%‑3.75% at the June meeting.
• CME FedWatch shows the probability of a December rate hike dropped to 64% from 69% last week.

Read on FXStreet ↗ also: FXStreet

Euro steadies near 1.1610 ahead of Fed rate decision FXStreet neutral EURUSD +

• EUR/USD flatlines around 1.1610 in early Asian session
• Fed expected to keep benchmark rate unchanged at 3.50%-3.75% at June meeting
• CME FedWatch shows 42.6% probability of a 25 bps rate hike by year‑end
• US May retail sales data to be released later in the day
• Potential US‑Iran deal could boost risk assets, supporting the euro

Read on FXStreet ↗

BOJ raises rate to 1% as Nikkei briefly tops 70,000 Nikkei Asia bullish Nikkei +

• Bank of Japan lifted its policy rate by 25 basis points to 1% on June 16
• The Nikkei Stock Average rose above 70,000 for the first time, hitting a record high
• Market welcomed the move, noting the absence of hawkish language in the BOJ statement

Read on Nikkei Asia ↗

ASX proposes 25% cap on share issuance in public M&A without shareholder vote Investing.com Economy neutral ASX +

• ASX plans to limit share issuances in public M&A to a maximum of 25% of the target company's equity without a shareholder vote.
• The rule is intended to protect minority shareholders and reduce dilution in takeover transactions.
• If adopted, any issuance above the 25% threshold would require explicit shareholder approval.

Read on Investing.com Economy ↗

Convertible‑bond market volume reaches highest level since early 2020 pandemic WSJ Markets neutral +

• Issuance volume in the convertible‑bond sector climbs to its peak since the start of the Covid‑19 pandemic.
• AI‑focused firms are leading the surge, using convertibles to raise cash while preserving upside potential.
• Investors view convertibles as a flexible financing tool amid elevated equity valuations and uncertain credit conditions.

Read on WSJ Markets ↗

Canadian Dollar steadies as oil prices fall, USD/CAD near 1.3990 FXStreet neutral CADUSD/CAD +

• USD/CAD halted its four‑day rally, trading around 1.3990 during Asian hours
• Lower crude oil prices weigh on the commodity‑linked Canadian dollar
• US‑Iran peace‑deal expectations weaken the US dollar, supporting CAD
• Fed meeting ahead; rates likely unchanged in the 3.50‑3.75% target range

Read on FXStreet ↗

British pound rises above 1.3400 on US‑Iran peace optimism FXStreet bullish GBPUSD +

• GBP/USD climbs to around 1.3430 in early Asian trading.
• US‑Iran peace hopes lift risk‑off assets, supporting the pound.
• Fed expected to keep rates steady at 3.5‑3.75% ahead of its June decision.
• BoE likely to hold rates at 3.75% as oil price declines ease inflation concerns.

Read on FXStreet ↗

Japanese Yen hovers near 160.50 intervention level as BoJ hikes rates ahead of Fed decision FXStreet neutral USD/JPY +

• USD/JPY stalls below the 160.50 intervention zone amid yen support
• Bank of Japan raised rates to the highest level since 1995 on Tuesday
• Fed is widely expected to keep policy rates unchanged at the upcoming FOMC meeting
• US‑Iran peace talks weaken the dollar, capping further USD/JPY gains

Read on FXStreet ↗

Japanese government bond futures climb, mirroring U.S. Treasury market gains WSJ Markets bullish JGBUS10Y +

• JGB futures rose in early Tokyo trading
• Move tracks overnight price gains in U.S. Treasury market
• U.S. Treasury yields fell, supporting bond price rally

Read on WSJ Markets ↗

Singapore dollar steadies as oil prices fall WSJ Markets neutral SGDWTI +

• SGD/USD pair consolidated during Asian session
• Recent declines in crude oil prices may bolster the Singapore dollar
• Analysts cite oil price drop as a supportive factor for the currency

Read on WSJ Markets ↗

PBOC sets USD/CNY reference rate at 6.8096, marginally stronger than prior fix FXStreet neutral USD/CNY +

• PBOC set the USD/CNY central rate at 6.8096 for the session
• Rate is slightly stronger than yesterday's fix of 6.8108
• Rate sits marginally above Reuters estimate of 6.7659
• Move underscores PBOC's focus on exchange‑rate stability amid broader policy tools

Read on FXStreet ↗

Hong Kong explores development of commercial space insurance SCMP Economy neutral +

• Hong Kong aims to leverage its maritime insurance expertise to enter the space insurance market.
• The initiative is presented as a way to diversify the city’s economy and capture emerging space‑related risks.
• Regulatory, technical and market‑size challenges are highlighted as obstacles to rapid growth.
• Success could position Hong Kong as a regional hub for niche insurance services.

Read on SCMP Economy ↗

Japan May exports rise 17% YoY, beating forecasts, driven by cars and semiconductors CNBC Top News bullish JPYNikkei +

• Exports in May jumped 17% YoY, above the 16.2% Reuters forecast
• Shipments to China rose 17.9% YoY and to the U.S. 12.5% YoY
• Semiconductor export value surged 61.2% YoY; car shipments up 16.4%
• Imports grew 12.5% YoY, the fastest since Jan 2025, while petroleum imports fell 28.5%
• Bank of Japan raised policy rate by 25 bps to 1%, its highest in over 30 years

Read on CNBC Top News ↗

Cuba's historic homes collapse as economy stalls Bangkok Post Most Recent bearish +

• Housing deficit exceeds 900,000 units nationwide
• 37% of residential buildings classified unsafe by 2020
• 3,856 building collapses recorded from 2000 to 2013 (about one per day)
• U.S. fuel blockade entered its fifth month, deepening the crisis
• Hundreds of families displaced into temporary gym shelters

Read on Bangkok Post Most Recent ↗

China's financial regulator pledges tighter collaboration to curb systemic risks and address property debt FXStreet neutral +

• Regulator will intensify cross‑sector collaboration to manage systemic financial risks
• Will target risks from the property market and local government debt exposures
• Will tighten oversight of small and medium‑sized financial institutions and illegal activities
• Encourages firms to raise capital via diverse channels and direct resources to emerging industries

Read on FXStreet ↗

Singapore's non-oil exports rise 38.4% in May, driven by AI demand Investing.com Economy bullish +

• Non-oil exports jumped 38.4% year‑on‑year in May.
• Growth was led by AI‑related products and services.
• The surge highlights expanding demand for Singapore's tech sector.

Read on Investing.com Economy ↗

US fertility rate falls to historic low, attributed to smartphones and financial pressures MarketWatch Top Stories bearish +

• The total fertility rate dropped to 1.6 children per woman in 2023, the lowest since records began.
• Smartphone ownership among adults reached 85%, with studies linking screen time to delayed family planning.
• Housing costs have risen 15% year‑over‑year, making home ownership less attainable for young couples.
• Real wages have stagnated for a decade while average student debt sits around $30,000, reducing economic stability for prospective parents.

Read on MarketWatch Top Stories ↗

US delays adding DeepSeek and CXMT to trade blacklist, Reuters says Investing.com Economy neutral +

• The U.S. Commerce Department decided not to place DeepSeek and CXMT on the Entity List for now
• The decision follows a review of concerns over AI and semiconductor export controls
• Both firms remain subject to existing export licensing requirements

Read on Investing.com Economy ↗

Myanmar reopens Myawaddy checkpoint, expected to lift Thailand-Myanmar trade Bangkok Post Business neutral +

• Myawaddy checkpoint reopened on May 28 after closure since August 2025
• Border trade Jan‑Apr 2026 fell 14.4% YoY to 60.8 bn baht; Mae Sot trade down 39.8% YoY
• Thai exports to Myanmar were 37.9 bn baht and imports 22.9 bn baht in Jan‑Apr 2026
• Export volumes via Mae Sot dropped 42.5% to 13.4 bn baht, imports fell 30.4% to 4.75 bn baht
• DFT cites improved logistics but notes import licensing and FX policies as ongoing constraints

Read on Bangkok Post Business ↗

Malaysia tax authority warns collectors on tax obligations for high-value trading cards SCMP Economy neutral +

• Inland Revenue Board (LHDN) is monitoring the growing market for high‑value trading cards in Malaysia.
• Collectors may face tax audits if hobby activities are deemed business transactions.
• Single card trades can involve transactions worth thousands of ringgit, prompting tax scrutiny.
• LHDN urges collectors to ensure compliance with income tax obligations.

Read on SCMP Economy ↗

Hanoi eases gasoline motorcycle restrictions with phased rollout Nikkei Asia neutral +

• Hanoi announces a softer, phased plan to limit gasoline‑powered motorcycles.
• The city, one of the world’s largest motorbike hubs, will introduce curbs gradually to avoid major disruption.
• The new roadmap aims to curb emissions while protecting the existing motorbike fleet.

Read on Nikkei Asia ↗

BOJ Hikes Rates to 1% Amid Inflation Risks and Iran Uncertainties Nikkei Asia bearish JPYBOJ +

• BOJ raises policy rate to 1%, highest since 1995
• Concerns over CPI exceeding 2% target drive rate hike
• Uncertainty over Iran conflict contributes to cautious monetary policy

Read on Nikkei Asia ↗

Australian Dollar steadies above 0.7050 after RBA holds rates at 4.35% FXStreet bullish AUD/USD +

• AUD/USD trades near 0.7070, staying above 0.7050 in early Asian session.
• RBA kept the official cash rate unchanged at 4.35% after three consecutive 25 bps hikes.
• RBA signaled potential for further hikes if inflation risks persist.
• US‑Iran peace talks boost risk appetite, supporting the Aussie as a higher‑yield currency.
• Fed expected to keep rates unchanged in the 3.50‑3.75% range at its upcoming meeting.

Read on FXStreet ↗

Battery Storage Costs Fall Below Gas-Fired Power Plants Nikkei Asia bullish +

• Battery storage costs have fallen below gas-fired power plants for the first time
• Prices of batteries dropped 40% in 2025 due to overproduction in China and EV slump
• Construction costs for battery storage stations have decreased significantly

Read on Nikkei Asia ↗

WTI crude hovers near $76 as US‑Iran peace talks raise supply expectations FXStreet bearish WTI +

• WTI steadied around $75.80 per barrel after a near 5% drop the previous day
• An interim US‑Iran peace pact slated for Friday could resume Iranian oil exports and boost global supply
• US crude inventories fell by 8.3 million barrels last week, but experts warn shipment recovery may take weeks

Read on FXStreet ↗

Oil likely to resume Hormuz transit first, while fertilizer shipments remain delayed MarketWatch Top Stories neutral WTIBrent +

• Interim US‑Iran peace deal leaves timeline for non‑crude shipments through the Strait of Hormuz unclear
• Crude oil is expected to move through the strait before other commodities such as fertilizer
• Fertilizer supplies could stay stranded, raising concerns over global supply constraints

Read on MarketWatch Top Stories ↗

Chinese energy firms project strong H1 earnings as Middle East war lifts oil prices Nikkei Asia bullish WTIBrent +

• Middle East conflict pushed crude prices higher, supporting Chinese energy companies
• CITIC Resources forecasts H1 profit roughly double year‑on‑year
• Eve Energy projects net profit up 95%‑110% YoY for the first half
• Guidance signals robust earnings momentum for China's energy sector

Read on Nikkei Asia ↗

Silver rises to around $70.50 as US‑Iran peace talks progress and Fed rate outlook steadies FXStreet bullish XAGXAG/USD +

• Silver (XAG/USD) trades near $70.40‑$70.50 per ounce, marking a fifth consecutive day of gains
• An interim US‑Iran peace agreement in Switzerland is expected to restore oil flows and ease inflation concerns
• The Federal Reserve is widely expected to keep its benchmark rate unchanged within the 3.50%‑3.75% range

Read on FXStreet ↗

Gold edges higher as market confidence improves WSJ Markets bullish XAU +

• Gold price modestly rises on improved sentiment
• Easing concerns over energy supply disruptions boost confidence
• Higher inflation and interest rates create a supportive backdrop for gold

Read on WSJ Markets ↗

US senators urge Treasury to preserve state role in stablecoin regulation under GENIUS Act Cointelegraph neutral USDTUSDCUSDS +

• Senators demand Treasury include a clear state certification pathway for stablecoin issuers.
• GENIUS Act permits states to regulate stablecoins with market value ≤ $10 billion; only Tether, USDC and USDS exceed that threshold.
• Treasury's draft rule lacks timeline and procedural details, creating uncertainty for state regulators.
• Public comment period closed June 2; final rule to be published in the Federal Register.

Read on Cointelegraph ↗

U.S. and Iran agree on framework for potential peace deal, markets await details MarketWatch Top Stories neutral WTIBrent +

• Framework outlines phased sanctions relief tied to Tehran's nuclear commitments
• Iran to resume limited oil exports up to 1.5 million barrels per day under the deal
• U.S. to lift certain secondary sanctions once verification milestones are met
• Markets focus on potential impact on oil prices, with Brent and WTI expected to react

Read on MarketWatch Top Stories ↗

U.S. delays adding DeepSeek, CXMT and 100+ Chinese firms to Entity List CNBC Top News neutral +

• The United States has held off blacklisting DeepSeek, CXMT and more than 100 other Chinese companies on the Commerce Department's Entity List.
• An interagency committee approved the additions last year, but no new listings have been published since October, the longest gap in over a decade.
• Sources say at least 75 Chinese entities in advanced semiconductors and AI were slated for blacklisting.
• The pause reflects concerns about escalating U.S.-China tensions despite national‑security concerns.

Read on CNBC Top News ↗

Iran warns Israel of harsh response after Israeli strike kills four in Lebanon, Trump criticises Netanyahu Al Jazeera neutral +

• Iran says Israel has violated the Lebanon truce 84 times since the US‑Iran memorandum
• Israeli forces killed four people in southern Lebanon
• US President Donald Trump urged Netanyahu to be "more responsible" in Lebanon
• Iran warned of a "harsh response" if attacks continue

Read on Al Jazeera ↗

Myanmar landmine casualties rise to 2,029 in 2025, nearly double previous year The Diplomat neutral +

• 2,029 landmine casualties reported in Myanmar in 2025, almost twice the 2024 total
• Children made up over 20% of 1,052 verified civilian casualties in 2023
• Rakhine State logged the second-highest casualties with 117 incidents in 2025
• Since the 2021 coup, non-state armed groups have also begun using antipersonnel mines
• Mines are placed around military bases and in civilian areas such as jungles and villages

Read on The Diplomat ↗

Russian drone strike hits residential building in Zaporizhzhia, Ukraine, injuring at least seven Al Jazeera neutral +

• A suspected Russian drone attacked a residential building in Zaporizhzhia, Ukraine
• At least seven people were injured in the incident
• Fire broke out and emergency services responded to the blaze
• The attack highlights the ongoing conflict in the region

Read on Al Jazeera ↗

Trump warns of severe consequences if Iran pursues nuclear weapons Bangkok Post Most Recent neutral +

• President Trump reiterated on June 16 that the interim nuclear agreement bars Iran from acquiring a bomb.
• He warned that any move by Tehran to develop a nuclear weapon would trigger "hell will rain down".
• The comment underscores U.S. commitment to enforce the nuclear non‑proliferation terms of the deal.

Read on Bangkok Post Most Recent ↗

Israeli finance minister says Hebron transferred to army control Al Jazeera neutral +

• Finance Minister Bezalel Smotrich announced Israel has handed authority over Hebron to the army
• The transfer includes control of the Cave of the Patriarchs, a key holy site
• Announcement made on 17 June 2026

Read on Al Jazeera ↗

UN reports sharp decline in cross-border fire in southern Lebanon Al Jazeera neutral +

• UN monitoring shows cross-border fire incidents in southern Lebanon have fallen sharply since the US‑Iran agreement was announced.
• The reduction is described as a significant drop in hostilities, according to UN spokesperson statements.
• Iran asserts that Lebanon is covered by the agreement, reinforcing the diplomatic context.

Read on Al Jazeera ↗

Taiwan conducts first HIMARS launch toward Taiwan Strait, signaling shift in defense posture SCMP Economy neutral +

• June 10 saw Taiwan fire HIMARS rockets westward toward the Taiwan Strait for the first time.
• The exercise highlights a strategic move to use mobile strike weapons to disrupt a potential Chinese invasion before shore contact.
• Beijing has not yet issued an official response to the launch.
• Analysts say the drill reveals Taiwan's intent to increase deterrence amid rising cross‑strait tensions.

Read on SCMP Economy ↗

South Korea weighs security role as Strait of Hormuz set to reopen SCMP Economy neutral +

• A US‑Iran ceasefire framework is expected to enable the reopening of the Strait of Hormuz.
• Resumption of oil flows could ease pressure on South Korea's energy‑dependent economy.
• Seoul faces a diplomatic dilemma over how much to contribute to securing the waterway.
• President Lee Jae Myung will raise the issue during his visit to the G7 summit in France.

Read on SCMP Economy ↗

Taliban forces Afghan girls into marriage, restricting education and work Nikkei Asia neutral +

• Over the past five years, Taliban policies have closed schools and universities for Afghan girls
• Employment opportunities for women have been severely limited, and travel requires a male guardian
• A 17‑year‑old girl was compelled to marry and sought refuge in a Kabul women’s shelter

Read on Nikkei Asia ↗

Taiwan KMT chair Cheng Li-wun completes two‑week US visit to raise profile amid defence concerns Nikkei Asia neutral +

• Cheng Li-wun, chairwoman of Taiwan's main opposition party, spent two weeks in the United States.
• The trip included meetings with U.S. lawmakers and think‑tanks to promote the KMT’s positions.
• She sought to enhance her international standing while addressing lingering questions over Taiwan’s defence policy.
• The visit underscores ongoing cross‑strait and U.S.–Taiwan strategic dynamics.

Read on Nikkei Asia ↗

Myanmar's leader Min Aung Hlaing receives state visit from China's Xi Jinping Nikkei Asia neutral +

• Myanmar's military chief Min Aung Hlaing met Chinese President Xi Jinping in Beijing on June 16.
• The visit was his second high‑profile diplomatic engagement in two weeks, bolstering his international legitimacy.
• Xi urged the Myanmar leader to pursue a "right path" amid ongoing political turmoil.

Read on Nikkei Asia ↗

Kenyan protests over US Ebola quarantine centre highlight colonial land and sovereignty concerns Al Jazeera neutral +

• Three people, including a 17-year-old schoolboy, have been killed in protests against the facility.
• A court injunction has stopped construction of the planned 50‑bed quarantine centre at Laikipia airbase.
• The dispute revives historic grievances over colonial land dispossession and ongoing foreign influence.
• US officials say the centre will isolate American citizens potentially exposed to Ebola, prompting sovereignty debates.
• The unrest reflects broader Kenyan concerns about foreign military presence and strategic projects.

Read on Al Jazeera ↗

US Democratic leader urges visa waiver for Cape Verde goalkeeper's mother Al Jazeera neutral +

• House Democratic leader Hakeem Jeffries asked Secretary of State Marco Rubio to grant a visa waiver for Ana Candida Evora, mother of Cape Verde goalkeeper Vozinha.
• Cape Verde citizens previously faced visa bonds of up to $15,000 under Trump-era rules; the bond requirement was recently lifted for World Cup ticket holders.
• Evora missed the Spain‑Cape Verde match in Atlanta because the visa cost and processing time made travel impossible.

Read on Al Jazeera ↗

India temporarily bans Telegram to curb exam fraud ahead of NEET-UG test CNBC Top News neutral +

• Indian authorities blocked Telegram access until June 22 to prevent cheating in the NEET-UG exam on June 21.
• The ban affects an estimated 150 million Indian Telegram users, while the message‑editing feature remains disabled until June 30.
• The National Testing Agency cites organized cheating racks using Telegram channels to sell leaked papers for amounts ranging from a few thousand to several lakh rupees.
• Telegram founder Pavel Durov argues the restriction punishes ordinary users and that leaks have shifted to other apps.

Read on CNBC Top News ↗

AI investment strategies: concentration risks and 2026 outlook OilPrice neutral NVDAMSFTGOOGLAMZNMETAPLTRTSM +

• NVIDIA, Microsoft, Google, Amazon, Meta, Palantir, TSMC led AI gains with NVIDIA alone surging over 1,000% since 2022
• Concentration in top AI names risks overexposure as sector matures beyond chipmakers and hyperscalers
• AI software stocks transitioned from speculative bets to mainstream holdings in 2024

Read on OilPrice ↗

Samsung sees growing contract chip demand from BYD, Google, AMD amid AI boom Nikkei Asia bullish +

• BYD, Google and AMD (plus Tesla) are increasing requests for Samsung's contract chipmaking services.
• AI infrastructure surge is straining TSMC's advanced capacity, prompting customers to look to Samsung.
• Samsung's advanced semiconductor offerings are gaining attention as rivals face production constraints.

Read on Nikkei Asia ↗

Japan plans to send 30,000 young researchers abroad for AI and quantum studies Nikkei Asia neutral +

• Government aims to fund 30,000 young scientists for overseas training over the next five years.
• Target fields include artificial intelligence and quantum computing.
• Potential expansion of financial support is being considered as a weak yen raises living costs abroad.

Read on Nikkei Asia ↗

Kaynes Technology expands into Japan's semiconductor assembly market Nikkei Asia neutral +

• Kaynes Technology will establish a back‑end assembly line in Japan targeting automotive chip makers
• The expansion seeks to diversify semiconductor supply chains away from Taiwan, China and Southeast Asia
• Production will be linked to Kaynes' new Gujarat plant to serve Japanese orders
• No immediate impact on major semiconductor indices or related stocks is expected

Read on Nikkei Asia ↗

Hong Kong bakery chain Kee Wah hit by ransomware attack, privacy watchdog investigates SCMP Economy neutral +

• Kee Wah Bakery disclosed a ransomware intrusion that disrupted its internal network on Friday.
• The breach exposed employee personal data and other internal information.
• Hong Kong's privacy watchdog is requesting details to evaluate potential data leak risks.

Read on SCMP Economy ↗

Reliance Jio to file for $4 billion IPO within days, FT reports Investing.com Economy neutral RELIANCE +

• Reliance Jio plans to launch an initial public offering worth about $4 billion.
• The filing is expected within the next few days, according to the Financial Times.
• The IPO would be one of the largest in India, expanding the Reliance Group's capital base.

Read on Investing.com Economy ↗

Globe Telecom approves filings for Mynt $1 billion IPO Channel NewsAsia Business neutral +

• Globe Telecom's board approved a registration statement with the SEC and a listing application with the Philippine Stock Exchange.
• The IPO will represent about 12% of Mynt's post‑IPO shares, targeting roughly $1 billion in proceeds and a valuation of at least $8 billion.
• Shares will have a par value of 0.03 pesos each and will include both primary and secondary offers.
• If completed, the offering would match the Philippines' largest IPO to date, about $1 billion raised by Monde Nissin in 2021.

Read on Channel NewsAsia Business ↗

Kingboard to raise $1.5 bn via laminates stake sale, shares jump Investing.com Economy bullish Kingboard +

• Kingboard plans to raise $1.5 bn by selling a stake in its laminates business
• Proceeds will be used to fund growth initiatives and reduce debt
• Shares of Kingboard surged on the announcement

Read on Investing.com Economy ↗

Softbank Group shares fall after reports of high OpenAI spending Investing.com Economy bearish 9984.T +

• Softbank Group's share price declined in early trading after media reports of large OpenAI expenditures.
• The spending is described as significantly higher than previously disclosed, prompting concerns over the group's AI investment strategy.
• Analysts warn the drop could pressure Softbank's valuation amid broader market scrutiny of AI-related costs.

Read on Investing.com Economy ↗

Singapore food brands encounter difficulties in China's market SCMP Economy bearish +

• Several Singapore-linked restaurant chains are scaling back operations in China
• Firms are shifting focus to other Asian markets as growth slows in China
• Intensified competition and evolving consumer tastes are eroding Singapore brands' edge

Read on SCMP Economy ↗

SpaceX options debut shows ~15% chance of 50% move up or down CNBC Top News mixed +

• Options pricing implies about a 15% probability SpaceX will rise another 50% by September
• Pricing also suggests roughly a 13% chance the stock could fall 50% in the same period
• SpaceX shares have climbed about 50% since IPO, putting its market cap near Amazon and Microsoft
• Call volume was the fifth-highest of the day, indicating strong trading interest

Read on CNBC Top News ↗

OpenAI reports $3.7 billion cash burn in Q1 2026 Investing.com Economy neutral +

• OpenAI's cash burn totaled $3.7 billion in the first quarter of 2026.
• The high outflow reflects continued heavy investment in AI research and infrastructure.
• No revenue or profitability data were disclosed alongside the cash‑burn figure.
• The sizable burn may shape OpenAI's financing strategy and investor expectations.

Read on Investing.com Economy ↗

Qantas to announce first route for ultra-long-haul Project Sunrise flights Investing.com News neutral +

• Qantas will reveal its inaugural ultra-long-haul route under the Project Sunrise program
• The announced route will be the first non-stop service planned for the initiative
• Project Sunrise aims to connect major international destinations with ultra-long-haul flights
• The move is part of Qantas' broader strategy to expand its long-haul network

Read on Investing.com News ↗

SoftBank to launch OpenAI-powered cybersecurity service for Japanese enterprises Nikkei Asia neutral +

• SoftBank Group will introduce a cybersecurity offering built on OpenAI technology for Japan's corporate sector
• The service targets rising demand for AI-driven defense capabilities against cyber threats
• CEO Masayoshi Son cautioned that AI attacks could become a major security challenge for Japan
• Launch announced on June 16, 2024

Read on Nikkei Asia ↗

Tokio Marine to pursue M&A in Australia and Canada with Berkshire Hathaway partnership Nikkei Asia bullish +

• Tokio Marine will seek merger and acquisition targets in Australia and Canada
• Collaboration with Berkshire Hathaway aims to enable larger deals and diversify beyond core insurance
• CEO highlighted interest in cyber‑security investments as part of the expansion strategy

Read on Nikkei Asia ↗

Marubeni acquires Texas gas developer EagleRidge Energy II Nikkei Asia neutral +

• Marubeni Corp. completed acquisition of EagleRidge Energy II, a Texas-based natural gas developer.
• The purchase secures U.S. gas supply for the growing data center and AI infrastructure demand.
• Marubeni's global LNG portfolio already exceeds 700,000 metric tons annually.

Read on Nikkei Asia ↗

Japanese ride‑hailing app Go lifts IPO price 10% and targets robotaxi expansion Nikkei Asia bullish +

• Go's shares closed 10% above the IPO price on debut.
• The offering raised capital to fund its autonomous‑driving and robotaxi program.
• Go plans to accelerate development of robotaxi services in Japan.
• Listing on the Tokyo Stock Exchange Growth Market reflects strong investor demand.

Read on Nikkei Asia ↗

Kioxia holds capex steady amid rising AI memory demand Nikkei Asia neutral +

• Kioxia plans to keep capital expenditures flat for the upcoming fiscal year despite a surge in AI‑driven NAND demand.
• The firm cites concerns over a potential NAND oversupply and prefers to avoid a capacity glut.
• Management projects steady revenue growth but warns of inventory risks if demand eases.

Read on Nikkei Asia ↗

NTT's optical network plans face competition from U.S. chipmakers Nikkei Asia bearish +

• NTT's IOWN optical network concept, unveiled in 2019, is being eclipsed by advances from U.S. semiconductor firms.
• U.S. chipmakers, including Nvidia, are moving into optical infrastructure, leveraging AI-driven data traffic growth.
• Analysts see the shift as a setback for NTT's ambition to lead next‑generation data networks in Japan.

Read on Nikkei Asia ↗

SPRINKLR files Form 144 on June 16 Investing.com News +6 neutral +

• SPRINKLR submitted a Form 144 to the SEC on June 16, indicating planned insider sales
• The filing does not disclose the number of shares or transaction price
• Market impact is uncertain pending further details

Read on Investing.com News ↗ also: Investing.com News

Live Nation director Jeffrey Hinson sells $370,125 of company stock Investing.com News bearish LYV +

• Director Jeffrey Hinson sold Live Nation shares worth $370,125
• The transaction was disclosed in a Form 4 filing with the SEC
• The sale adds to recent insider selling but represents a small fraction of total shares

Read on Investing.com News ↗

New Mountain Finance director John Malfettone sells $611,684 in stock Investing.com News neutral +

• Director John Malfettone disposed of New Mountain Finance shares worth $611,684
• The transaction was disclosed in a recent filing, reducing his stake in the company
• No additional insider transactions were reported and the company gave no comment

Read on Investing.com News ↗

Australian court bans former Star Entertainment CEO for six years and fines AUD 495,000 Investing.com Economy bearish SGR +

• Former Star Entertainment CEO receives a six‑year ban from corporate management in Australia
• Court orders a fine of AUD 495,000 for the former executive
• Ban also restricts the individual from holding any directorship or senior role in Australian companies

Read on Investing.com Economy ↗

Chinese electronics maker Longcheer targets US AI device market amid tariff uncertainty Nikkei Asia neutral +

• Longcheer Technology, a Shanghai-based contract smartphone maker, is shifting focus to AI-powered devices in the United States.
• The company supplies Meta’s upcoming smart‑glasses, highlighting its role in emerging AI hardware.
• Management says the US consumer market remains critical despite ongoing uncertainty over China‑US tariffs.
• Longcheer says it remains unfazed by tariff risk, with no immediate impact expected.

Read on Nikkei Asia ↗

Avex to invest $100m in overseas music publishing, including Bruno Mars rights Nikkei Asia neutral +

• Avex plans a $100 million investment to acquire music copyrights by April 2027
• The initiative targets overseas publishing rights to build a stable revenue stream
• Avex secured a partnership with Bruno Mars in March to administer his song publishing

Read on Nikkei Asia ↗

ASICS establishes European R&D hub for elite tennis gear Nikkei Asia neutral +

• ASICS' European division creates a dedicated research and development facility for tennis products
• The new hub partners with a French sports science institution
• Aim is to develop high‑performance gear for top‑level tennis athletes

Read on Nikkei Asia ↗

Verisk Analytics CFO Michael Mann sells $71,816 of company stock Investing.com News neutral VRSK +

• CFO Michael Mann disposed of $71,816 worth of Verisk Analytics shares
• The sale was disclosed in a Form 4 filing with the SEC
• The transaction represents a small portion of his holdings and is unlikely to move the stock

Read on Investing.com News ↗

White House ballroom project cost estimate rises to $600 million, over half from taxpayers Bangkok Post Most Recent neutral +

• New cost estimate for the White House ballroom project tops $600 million, up from earlier $400 million figure.
• Only $293 million of the projected cost is expected from private donors; the rest would be funded by taxpayers.
• Trump previously claimed the project would be “tax‑payer free” and cost $200‑$400 million, contradicting the latest estimate.

Read on Bangkok Post Most Recent ↗

Mbappe becomes France's all-time top scorer and sets World Cup record Al Jazeera neutral +

• Mbappe reached 58 goals for France, surpassing Olivier Giroud as the nation's all‑time scorer.
• He scored his 14th World Cup goal, overtaking Just Fontaine's record of 13 and becoming France's top scorer at a World Cup.
• With 14 World Cup goals, Mbappe now sits third on the all‑time World Cup scoring list, two behind Miroslav Klose's 16.

Read on Al Jazeera ↗

Vietnam, Japan and Hong Kong partners to build $360 million aircraft MRO hub at Van Don Airport Nikkei Asia neutral +

• $360 million investment for a new aircraft maintenance, repair and overhaul complex.
• Site is Van Don International Airport, about 200 km east of Hanoi.
• Joint venture includes HAECO, Japan Airlines (JAL) and Toyota Tsusho with Sun Group.
• Project aims to expand Vietnam's aviation MRO capacity and regional service capabilities.
• Expected to generate jobs and support growth in regional air traffic.

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Foreign activist investors increase campaigns in Japan, 72 in Jan-May 2024 Nikkei Asia neutral +

• Activist campaigns in Japan rose to 72 from Jan to May 2024, up from 70 in the same period last year.
• Japan remains the second-largest market for activist investors after the United States.
• Campaigns are adopting bolder, American-style tactics and targeting larger corporate targets.

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Kenyan coastal fishers adopt digital data to address declining catches Bangkok Post Most Recent neutral +

• Small-scale fishers along Kenya's coast are collecting digital catch data to monitor stock levels.
• The initiative aims to counter declining fish stocks and promote sustainable fishing practices.
• Kenya is hosting a major oceans conference, highlighting the locally-led data effort on the global stage.

Read on Bangkok Post Most Recent ↗

Bangkok sinkhole on Lat Phrao Road repaired and traffic resumed Bangkok Post Most Recent neutral +

• Sinkhole measured about 3 m wide, 4 m long and 1.5 m deep.
• Road reopened to traffic at 5 am after repairs finished by 1 am.
• Repairs involved pumping water and filling with fast‑setting concrete.
• BMA blames the incident on a Metropolitan Electricity Authority cable manhole.
• No injuries were reported.

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Wildfire in Riverside County spreads to over 2,000 acres Bangkok Post Most Recent neutral +

• The 'Shore Fire' burned an estimated 2,053 acres as of midnight (0700 GMT) on June 16.
• Aerial footage captured the blaze on Monday, June 15.
• The fire is located in Southern California's Riverside County.

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China's pet owners boost spending on puppy preschools as industry expands Bangkok Post Most Recent bullish +

• Puppy preschools in China provide games, treadmills, music and snacks for young dogs
• Young Chinese pet owners treat dogs as family, raising discretionary spending on services
• The niche is growing quickly within China's booming pet industry

Read on Bangkok Post Most Recent ↗

Seven Ebola patients recover in DRC as authorities confront hoax claims Al Jazeera neutral +

• Seven patients have been discharged from an Ebola treatment centre in the Democratic Republic of the Congo.
• Health officials confirm the recoveries, asserting the outbreak is real.
• Local groups continue to claim the Ebola outbreak is a hoax, which authorities dispute.

Read on Al Jazeera ↗

Japan introduces dual pricing at historic sites to curb overtourism Nikkei Asia neutral +

• Local governments are rolling out dual pricing at historic attractions
• Himeji Castle will charge non-residents more than double the resident rate
• Pricing aims to mitigate overtourism and fund site upkeep
• The dual‑pricing model is spreading to other popular tourist spots

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Norway beat Iraq 4-1 in World Cup group match, Haaland scores twice Bangkok Post Most Recent +2 neutral +

• Norway defeated Iraq 4-1 in Group I of the World Cup.
• Erling Haaland netted two goals, his 57th in 51 international appearances.
• The win places Norway atop Group I, ahead of France.

Read on Bangkok Post Most Recent ↗ also: Al Jazeera

Ancient Chinese brewing techniques traced to modern alcohol production SCMP Economy neutral +

• Earliest known alcoholic beverage dates to ~10,000 years ago, a rice wine from Henan, China
• Recent Chinese studies reconstruct ancient brewing methods from archaeological evidence
• Discovery of an unopened ancient bottle provides direct insight into early Chinese libations

Read on SCMP Economy ↗

Grammy Awards add five new categories for 2027 ceremony Bangkok Post Most Recent neutral +

• Recording Academy announces five new award categories for 2027, including Best Asian Pop Music Performance
• New categories also cover Best R&B Collaboration Performance, Best Traditional Pop Vocal Performance, Best Traditional Folk Album, and Best Latin Song
• Best New Artist rules revised to permit up to four submissions instead of three

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Asteroid named after Hong Kong firefighter killed in 2023 blaze SCMP Economy neutral +

• Asteroid 34871 was officially named in honor of Ho Wai‑ho, a 37‑year‑old firefighter.
• Ho died while rescuing residents during the Wang Fuk Court fire in Tai Po in November 2023.
• The naming was proposed by amateur astronomer William Yeung Kwong‑yu, former president of the Hong Kong Astronomical Society.

Read on SCMP Economy ↗