flash-finance

TransDigm drops $960M Stellant Systems acquisition

SK Hynix loses more than 15% after successful Nasdaq debut

Judging credit risk of the AI boom is difficult

A selloff in South Korean chipmakers drove global technology stocks lower while oil and bond yields climbed after a weekend of attacks and counterstrikes in the Middle East.

Gold and silver tumbled after the US and Iran exchanged fresh strikes over the weekend, sending energy prices higher and once more raising the prospects for interest-rate hikes to combat inflation.

European stocks were muted as declines in technology shares were offset by gains in the energy sector, which was lifted by higher oil prices.

Indonesia retained its investment-grade rating and stable outlook at S&P Global Ratings, a reprieve for President Prabowo Subianto and his fiscal policy credibility after a bond market selloff in June.

Abu Dhabi National Oil Co. is broadening the options for long-term customers to take offshore oil from outside the Strait of Hormuz, stepping up efforts that enable buyers to circumvent the chokepoint.

The Federal Reserve’s top bank cop warned the Financial Stability Board against enforcing “strict rules” that are not suitable for a diverse group of countries, saying those efforts can erode the international watchdog’s effectiveness.

The official data will be released tomorrow, but if past trends continue, the US inflation rate will come in higher than most Americans are used to, but still relatively low. In May, the consumer price index rose 4.2% from a year earlier, while personal consumption expenditures increased 3.4%. To th