Image: SubstackPETER’S ASIAN BUSINESS & FINANCE BRIEFING – Wednesday 12 August 2026, 06:00 Hong Kong
• Donald Trump has claimed total control over the Strait of Hormuz and is demanding that Iran pay reparations. • The Reserve Bank of Australia has decided to keep interest rates on hold, while Singapore has significantly increased its annual economic growth forecast. • Carlos Caasanova of Union Bancaire Privée reports that inflation likely peaked in Q2 2026 and that rates have stabilized.
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