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Saudi Aramco Seeks Billions in Asset Sales Amid Oil Price Decline, June 18
Saudi Aramco seeks tens of billions in asset sales as oil prices fall to three-month lows following Iran peace deal. Market cap exceeds $1.7 trillion.
G7 Summit Ends With Iran Deal and Ukraine Support Pledges, June 18
G7 summit concludes with US-Iran ceasefire, Ukraine air defense pledges, new Russia sanctions, and 60-day nuclear negotiations framework.
GIC Offloads $2B Private Credit Stakes Via Secondary Market, June 18
GIC nears $2 billion private credit asset sale via secondary market with Evercore advising on divestment of legacy fund interests.
Ebola Outbreak in DRC Could Be Deadliest on Record, June 18
DRC Ebola outbreak with 837 confirmed cases and 196 deaths threatens to become deadliest on record. WHO declares public health emergency.
Stock Market Faces Inflation Risk as Oil Prices Fall on Iran Deal, June 18
S&P 500 and Nasdaq near records as Iran deal lowers oil, but 4.2% inflation and 6.5% wholesale prices may trigger Fed rate hikes.
GLM-5.2 Beats GPT-5.5 on Coding Benchmarks, Costs 83% Less
GLM-5.2 open-weight AI model beats GPT-5.5 on coding benchmarks at 1/6th the cost with 1M context window.
India’s UPI Expands to France as Digital Payments Go Global, June 17
India’s UPI payment system expands globally with launch at Nice Massena in France, marking a key milestone in international digital payments.
Fed Holds Rates at 3.5%-3.75% as Warsh Takes Chair, Inflation at 4.2%
Fed holds rates at 3.5%-3.75% under Kevin Warsh. Inflation at 4.2% due to Iran war energy spike; rate cuts unlikely until inflation moderates.
Yum Brands Sells Pizza Hut for $2.7B to LongRange Capital, June 17
Yum Brands sells Pizza Hut to LongRange Capital and Yum China for $2.7B, splitting operations as the brand faces declining sales.