Oil prices dive to lowest point since 2021 as OPEC cuts demand forecast
OPEC’s decision to lower its demand growth forecast underscores the shifting dynamics in the oil market.
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Samsung SDI presses forward with investments amidst soft Q2 earnings
Samsung SDI revealed a substantial dip in its quarterly profits, which fell short of analysts' forecasts. The downturn in earnings is largely attributed to a deceleration in the global demand for EV batteries.
MAS maintains Singdollar monetary policy and reduces headline inflation forecast
The MAS’s decision to maintain its current policy stance reflects a cautious approach to managing the Singapore dollar's nominal effective exchange rate.