The Daily Editor

US-Iran War LIVE: Oil prices rose for the fourth consecutive day as US and Iran remain locked in a stalemate regarding the possible extension of their ceasefire even after six months of conflict.

Meanwhile, Iran has slammed the US President for claiming the Strait of Hormuz as “New US Territory”. “Just as Trump correctly wrote the name of the eternal Persian Gulf,

 » Read more about: US-Iran War LIVE: UAE suspends all trade, commercial exchanges, financial transactions with Iran until further notice  »

HONG KONG – Technology stocks were back in the crosshairs of investors on Aug 19, taking another heavy blow from a spike in bond yields, rising oil prices, persistent inflation and dimming hopes for a deal to reopen the Strait of Hormuz.

The sell-off tracked losses on Wall Street,

 » Read more about: Tech leads losses as Asian stocks track Wall Street sell-off  »

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• Key insight: The court’s decision carries high stakes for the banking industry, which is fighting the enactment of a 2023 Colorado law that deals with the state’s interest-rate cap.
• What’s at stake: Banking groups argue that applying varying state rate caps on out-of-state banks would disrupt interstate banking and fracture the dual-banking system.

 » Read more about: Judges seem poised to side with banks on state rate caps  »

JP Morgan Asset Management’s Marcella Chow expects Bank of Japan to hike interest rate in the September meeting and keeps hiking every 6 months.

 » Read more about: Market consensus of Bank of Japan's terminal rate at 2% is a bit too ambitious: Strategist  »