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The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify.
Source
Bloomberg Markets
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The Malaysian ringgit is likely to retest its year-to-date peak versus the dollar thanks to strong fundamentals, according to strategists.
Asia-Pacific markets were mixed Monday as a U.S. seizure of an Iranian vessel deepened tensions, keeping investors on edge.
To see how Asian hedge funds got blindsided by the Iran war, look no further than Trivest Advisors Ltd.
Randa Slim, Johns Hopkins University SAIS Senior Fellow, speaks to Bloomberg TV about the next steps for Iran and the US after back-and-forth over potential peace talks in Islamabad this week. (Source: Bloomberg)
