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Australian institutions need to be ready to respond to a more shock-prone financial system as a strained geopolitical environment reshapes financial and economic linkages, a senior Reserve Bank official said Wednesday.
Source
Bloomberg Markets
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At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.
Two oil tankers heading toward Africa have u-turned in the Indian Ocean this week, switching their destinations to the Middle East as shipowners race to re-position vessels ahead of the possible reopening of the Strait of Hormuz.
Iron ore sank below $100 a ton for the first time since March on signs of abundant seaborne supplies just as demand in China faces headwinds.
The Swiss National Bank will this week reveal if it’s too soon to dial down its franc rhetoric before a prospective Middle East peace deal becomes reality.
