Live Updates

14

Jul 2025
Elon Musk announced that shareholders will decide on Tesla’s potential investment in xAI

Tesla shareholders to vote on potential investment in Elon Musk’s AI start-up, xAI, behind Grok chatbot.

14

Jul 2025
Reuters predicts the PBOC will set the USD/CNY reference rate at 7.1744 today in China

PBOC sets daily yuan midpoint, allowing ±2% fluctuation; intervenes if volatility risks economic stability.

14

Jul 2025
The trade ministry revealed Singapore’s GDP grew faster than anticipated, avoiding recession following contraction

Singapore’s economy grew 1.4% in Q2 2025, outperforming expectations and rebounding from earlier contraction.

14

Jul 2025
Japanese Core Machinery Orders decreased by 0.6% month-on-month, while year-on-year growth was 4.4%

Japan’s core machinery orders dipped 0.6% in May but outperformed forecasts, indicating stabilizing capital spending.

14

Jul 2025
Discussions on trade are ongoing between Trump, the EU, and South Korea, according to reports

Trump imposes 30% EU tariff; EU leaders seek resolution as markets dip and geopolitical tensions rise.

14

Jul 2025
Sovereign wealth funds are increasingly investing in China, private credit, and digital assets amidst volatility

Sovereign wealth funds shift strategies amid uncertainty, boosting China investments and exploring private credit and digital assets.

14

Jul 2025
In June 2025, New Zealand’s electronic card retail sales showed a monthly increase of 0.5% m/m

New Zealand’s June 2025 card sales rose 0.5% monthly but fell 0.4% from last year.

14

Jul 2025
In June, New Zealand’s services sector contracted for the fifth month, with a PSI reading of 47.3

New Zealand’s services sector remains in contraction, with modest improvements signaling delayed economic recovery ahead.

14

Jul 2025
Following Trump’s 30% tariff threat, US equity index futures fell approximately 0.5% in pre-market trading

US equity futures fall 0.5% after Trump’s EU, Mexico tariffs; EU plans response ahead of August.

14

Jul 2025
EU diplomats are close to finalising an 18th sanctions round, including a lower Russian oil price cap

EU nears 18th Russia sanctions package with dynamic oil price cap and expanded financial transaction bans.

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