Oil falls on open as Trump says fresh Iran attacks 'unlikely'

Trump announces Task Force Iron Gate to choke off Iran's trade routes, enforce restrictions on weapons supplies

US President Donald Trump has announced Task Force Iron Gate to restrict the movement of weapons, dual-use technologies and sanctioned materials into and out of Iran. The initiative will operate alongside a US naval blockade that CENTCOM says has prevented Iran from exporting more than $25 billion in crude oil.

US dollar holds onto payrolls gains, NZ dollar rises after election

Dollar index steadies at 102.20 after jumping about 0.7% Friday * Fed hike bets rekindled after receding amid AI stock selloff * NZ ballot too close to call, leader will not be known for weeks TOKYO

Delhi's air quality slips into 'severe' category on Diwali, AQI at 404

Delhi's air quality slips into 'severe' category on Diwali, AQI at 404

Trump says renewed attacks on Iran 'highly unlikely' if talks show progress

US President Donald Trump has said renewed military action against Iran is highly unlikely if Tehran agrees to a strong nuclear deal and the reopening of the Strait of Hormuz. He also claimed Washington had identified 38 Iranian bridges for potential destruction, while Iranian officials rejected the prospect of changing Tehran's position.

BoE’s Pill sees scope for interest rate cuts if UK growth stalls

Bank of England chief economist Huw Pill indicated that interest rates could remain steady or decline if economic growth stalls. Recent financial market predictions suggest potential for at least two interest rate increases within the next year. Economic growth has shown surprising strength, yet households are beginning to tighten their spending due to rising energy costs. While GDP growth is projected at 1.

Democrats plan probes of Hegseth, Musk, Miller, corporate America after midterm rout

Democratic lawmakers have vowed investigations into Elon Musk, White House chief of staff Stephen Miller and companies after taking control of Congress in January. House Democratic leader Hakeem Jeffries also backed impeaching Defence Secretary Pete Hegseth over his handling of the Iran war, setting up a confrontation with the Trump administration.

Gold edges up as softer crude tempers inflation concerns

Gold prices edged higher on Monday as softer oil prices eased inflation concerns, though gains were capped by expectations that the Federal Reserve will keep US interest rates higher

US Attorney General vows to defend Trump administration if Democrats launch investigations

US Attorney General Todd Blanche has vowed to defend President Donald Trump and his administration officials if Democrats pursue investigations after taking control of Congress. His remarks followed Democratic Representative Robert Garcia's call for Trump allies to seek legal counsel. Garcia accused Blanche of prioritising the president over congressional oversight.

Global Market Today: Asian stocks open mostly higher, Nvidia probe looms

Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.

Nvidia opens probe into CEO Jensen Huang over alleged affair with woman suspected of spying for China

Nvidia has launched an independent probe into CEO Jensen Huang after reports that he had an affair with a Chinese executive suspected by US intelligence of working for Beijing. Huang admitted to being unfaithful and apologised. The investigation will examine potential national security risks and possible exposure of company secrets.