Simad Holdings, operator of a luxury New York summer camp charging $16,750, has filed for bankruptcy. #Bankruptcy #SummerCamp #BusinessFailure #9RinNews_B

US stocks rally ended as Nasdaq 100 plunged 4% amid fears of rate hikes. Traders dumped tech stocks for defensive assets. #StockMarket #Nasdaq100 #InterestRates #9RinNews_A

The euro-zone economy shrank at the start of the year due to an unprecedented contraction in Ireland, forcing a revision of data that previously showed feeble growth. #Economy #EuroZone #Ireland #9RinNews_A

Global food prices remained near a three-year high as lower palm and soy oil costs offset disruptions from the Iran war. #FoodPrices #GlobalEconomy #MarketStability #9RinNews_A

Since the Labour government took office, UK's largest retailers have cut nearly 18,000 jobs due to higher taxes and wages. #Retail #Jobs #UK #9RinNews_A

Turkish inflation accelerated for a second consecutive month in May, yet slowing monthly price growth may ease pressure on policymakers ahead of next week's interest rate decision. #Turkey #Inflation #Economy #9RinNews_A

China allows select banks to offer higher rates on corporate US dollar deposits, potentially curbing the yuan's recent gains by encouraging companies to hold onto dollars. #China #Finance #Currency #9RinNews_A

Indonesia's sovereign wealth fund Danantara plans to issue low-yield local bonds despite global investors losing confidence in the country's markets. #Indonesia #Finance #Bonds #9RinNews_A

Indonesia released details on its new export rules, covering most palm oil products alongside coal and ferronickel. #Indonesia #PalmOil #Export #9RinNews_A

Ghana's central bank governor suggests interest rate cuts may resume once the Iran war concludes, despite the cedi's recent weakness. #Ghana #CentralBank #MonetaryPolicy #9RinNews_B

China's crude imports hit a 10-year low in May and are expected to remain low due to weak demand and refinery cuts, helping the country cope with the impact of the Iran War. #CrudeOil #China #IranWar #9RinNews_A

Emerging market assets fell for a third straight session, led by South Korean equities as AI stock enthusiasm waned. #EmergingMarkets #Korea #StockMarket #9RinNews_A

Indonesian Finance Minister Purbaya Yudhi Sadewa defended the nation's economy amid a slump in the rupiah and stocks, citing bond market inflows as proof of investor optimism. #Economy #Indonesia #Finance #9RinNews_A

Jollibee Foods Corp. is reportedly considering moving the listing of its international business from the US to Hong Kong due to the booming market there. #Jollibee #HongKong #CorporateFinance #9RinNews_A

Algebris Investments buys CDS on Turkish bonds amid rising credit risks from the Iran war. #Turkey #CreditRisk #IranWar #9RinNews_A

Kazakhstan unexpectedly cut its key interest rate for the first time in almost two years as inflation slowed, signaling policy remains relatively tight. #Kazakhstan #InterestRate #Economy #9RinNews_A

As global oil prices ease, inflation in the Philippines and Thailand has slowed, giving central banks more room to assess interest rate hikes. #Inflation #OilPrices #CentralBank #9RinNews_A

European natural gas prices are set for a weekly gain amid uncertainty over a US-Iran peace deal following intensified fighting in the Middle East. #GasPrices #MiddleEast #Geopolitics #9RinNews_A

Dalia Fahmy discusses stalled US-Iran ceasefire talks following recent violence and Hezbollah's rejection of a US-brokered truce in Lebanon. She notes Trump is wary of returning to the Obama-era JCPOA. #Geopolitics #Iran #US #9RinNews_A

Japan has invested billions to support the yen, yet it remains weak due to rising import prices and household costs. #Yen #Japan #Economy #9RinNews_A