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USD/JPY Hits 160 as US Jobs Data Stokes Rate Hike Bets, June 06
USD/JPY surges above 160 after US jobs beat forecasts. Fed rate hike odds rise amid yen weakness and Japanese intervention warnings.
Saudi Arabia Opens New Red Sea Shipping Route to India, June 06
Saudi Arabia launches SRS shipping service from Jeddah to India’s Mundra Port with 2,144 TEU capacity, supporting Red Sea trade growth.
Japan Health Insurance Law Overhauls Pregnancy Support, June 06
Japan’s Health Insurance Law reform eliminates standard childbirth costs and adjusts OTC drug coverage, reshaping patient and state risk-sharing.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops to $60,912, down 4.2% daily. MicroStrategy sale and AI rotation drive $62 billion loss in crypto treasury holdings.
Mango Farmers Protest at Jain Juice Factory in Chittoor, June 06
Mango farmers protest at Jain Juice Factory in Gollapalli, Chittoor district, over unresolved disputes with factory management and security personnel.
Micron Stock Crashes 13% as Broadcom Shocks Chip Market, June 06
Micron stock fell 13% after Broadcom missed AI revenue guidance, erasing $94B in market cap amid semiconductor sector concerns.
Jet Fuel Prices Surge on Iran War, But Europe Avoids Shortage
Iran conflict raises jet fuel prices 80% in March, but EU and airlines confirm no supply shortage expected despite Middle East disruptions.
RBI Holds Rates at 5.25% as Growth Slows, Inflation Rises, June 05
RBI holds repo rate at 5.25%. GDP growth forecast cut to 6.6%, inflation raised to 5.1%. Central bank announces measures to boost foreign inflows.
MSTR Stock Crashes 13% as Bitcoin Sale Breaks “Never Sell” Promise, June 05
MSTR stock falls 13% after Strategy Inc sells 32 Bitcoin for first time in years, breaking its “never sell” pledge.