
US Appeals Court Keeps Trump’s 10% Global Tariff in Effect During Ongoing Legal Battle
Jun 12, 2026 03:06 am UTC| Law Politics Economy
A U.S. federal appeals court has extended its temporary stay on a lower court ruling that challenged the Trump administrations 10% global tariff imposed under Section 122 of the Trade Act of 1974. The decision allows the...

Trump Says Iran Peace Deal Near as Markets Rally and Oil Prices Fall
Jun 12, 2026 02:53 am UTC| Politics Economy
U.S. President Donald Trump announced on Thursday that a peace agreement with Iran is close to completion, stating that a final document could be signed in Europe within days, potentially as early as this weekend. Speaking...

US Stock Futures Rise on Iran Peace Deal Hopes as SpaceX Debuts After Record IPO
Jun 12, 2026 02:34 am UTC| Economy
U.S. stock index futures moved higher on Thursday evening after President Donald Trump announced that a peace agreement with Iran had been reached and could be formally signed in the coming days. The news boosted investor...

Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns
Jun 12, 2026 02:31 am UTC| Economy
Global oil prices extended their decline in Asian trading on Friday and were on track for a weekly loss after U.S. President Donald Trump announced that he had canceled planned military strikes against Iran, citing...

New Zealand Manufacturing Slips Back Into Contraction in May
Jun 12, 2026 02:21 am UTC| Economy
New Zealands manufacturing sector returned to contraction in May, highlighting ongoing challenges facing the countrys industrial economy amid weak customer demand and global economic uncertainty. According to the latest...

Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook
Jun 12, 2026 02:16 am UTC| Economy
The U.S. dollar regained some ground in early Friday trading after falling to its lowest level in a week, as investors assessed reports suggesting a potential ceasefire agreement in the Middle East. Market sentiment...

South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
Jun 12, 2026 02:14 am UTC| Central Banks Economy
South Koreas central bank has reinforced expectations of a potential interest rate hike as inflationary pressures continue to build amid rising global oil prices linked to ongoing tensions in the Middle East. Bank of Korea...