Economic news
South Korean investors bet new president can end market’s long-standing ‘discount’
Kospi hits three-and-a-half-year high on hopes Lee Jae-myung can pass governance reforms to boost valuations
Oil prices surge on fears of escalation between US and Iran
Washington orders removal of non-essential personnel from parts of Middle East
Oil prices surge on fears of escalation in the Middle East
US defence department authorises dependants of service members to leave the region
US moves to repeal Biden-era limits on pollution from power plants
Proposals are Trump’s most significant efforts to unpick green regulations since returning to White House
U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago
The U.S. government drifted further into red ink during May, with a burgeoning debt and deficit issue getting worse.