Market News

Gold was on track for a third weekly loss, as a hawkish Federal Reserve and rate-hike bets outweighed the signing of an interim peace deal between the US and Iran.

BHP Group shares fell after the company flagged a $2.3 billion writedown on its giant potash mine in Canada due to cost and time overruns for an expansion of the project.

A blazing rally in India’s short-end bonds, driven by plans to attract foreign capital, may fizzle out because the central bank is expected to drain excess cash from the financial system, according to analysts.

New Zealand exports surged to a second straight monthly record in May, driven by meat shipments to the US and milk consignments, as farmers continue to benefit from strong demand and high commodity prices.

Australian beef exports to China will face an additional 55% tariff starting this weekend after hitting Beijing’s annual quota limit, which could impact trade flows and prompt producers to seek new markets for red meat.

US vice-president’s office says plans to travel to Switzerland to participate in talks with Iran are on hold

Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman

Boris Vujčić: A European perspective on currency and convergence

Agencies remove additional references to reputation risk

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