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US President Trump: We will only provide the $300 billion fund if Iran does things right. Iran's reconstruction will take 15 to 20 years.

2026-06-18

US President Trump: We will only provide the $300 billion fund if Iran does things right. Iran's reconstruction will take 15 to 20 years.

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2026-06-18

Hong Kong, June 18 — Hang Seng Index (HSI) opened down 166.97 points, or 0.69%, at 24,145.19. Hang Seng Tech Index opened down 41.00 points, or 0.88%, at 4,628.07. Hang Seng China Enterprises Index (HSCEI) opened down 71.31 points, or 0.88%, at 8,072

Hong Kong, June 18 — Hang Seng Index (HSI) opened down 166.97 points, or 0.69%, at 24,145.19. Hang Seng Tech Index opened down 41.00 points, or 0.88%, at 4,628.07. Hang Seng China Enterprises Index (HSCEI) opened down 71.31 points, or 0.88%, at 8,072.72. Hang Seng Red Chip Index opened down 22.50 points, or 0.54%, at 4,149.33.
2026-06-18

Economics professor Phil Powell said he expects the Fed to hold rates at this meeting. He said markets had feared higher inf prior to a Washington‑Tehran peace deal after oil surged and inf topped 4%, making a near‑term Fed hike more likely than a cu

Economics professor Phil Powell said he expects the Fed to hold rates at this meeting. He said markets had feared higher inf prior to a Washington‑Tehran peace deal after oil surged and inf topped 4%, making a near‑term Fed hike more likely than a cut. Powell added an Iran peace agreement would be a sizeable disinflationary shock—oil could fall more than expected and lower the odds of near‑term hikes. He noted this was the first rate decision under the new Fed chair; while markets may view the new chair as more cut‑friendly than his predecessor, Powell said that has not proven true. On cuts, he said rate reductions are unlikely before year‑end because inf must fall first.
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