Citigroup Inc. $C has revised its forecast for interest rate cuts by the U.S. Federal Reserve (Fed), pushing the timing of monetary easing from July to September 2025. The adjustment follows a stronger-than-expected May jobs report, which signaled resilient labor market conditions despite broader signs of economic cooling. The brokerage now anticipates three 25 basis point (bps) rate cuts — totaling 75 bps — in September, October, and December, down from its previous forecast of four cuts totaling 100 bps.

Hyundai Motor Co. $005380.KS and Kia Corp. $000270.KS, two of South Korea’s leading automotive manufacturers, have partially or fully exited their equity holdings in Ola Electric Mobility Ltd. $OLAELEC.NS, one of India’s most prominent electric vehicle (EV) startups.

Australia’s Fair Work Commission (FWC) has announced a 3.5% increase to the national minimum wage, effective from July 1, 2025. The decision directly impacts approximately 2.6 million of the country's lowest-paid workers and comes at a time when inflationary pressures are receding, giving policymakers room to support real income growth without reigniting price instability.