News a month ago
[Chart] U.S. Consumer Prices Jump 0.6% in April 2026, Annual Inflation Hits 3.8%
US CPI saw an unusually sharp monthly increase in April 2026, rising 0.64% from March.
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Issue 01July 14: U.S. says it struck Iranian coastal sites after UAE reports cruise-missile attack on two tankers in Hormuz
Geopolitics & Trade a day ago Global Desk ED / 01
CENTCOM said its July 13 mission targeted Iranian air defense, radar, missile, drone and small-boat assets across several coastal locations and issued notice that a naval blockade regime resumes July 14. Regional media citing the UAE Ministry of Defence said two tankers in Omani waters were hit by two Iranian cruise missiles, with one fatality and multiple injuries.
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News a month ago
[Chart] Copper Hits 34-Year High Despite Refined Market Surplus
Copper reached $13,483.75 on May 1, 2026, its highest level since January 1992.
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Geopolitics & Trade a month ago
U.S. says fighter jets struck Iranian radar and air defense sites after Army helicopter incident near Hormuz
The U.S. military said it carried out strikes on Iranian air defense, ground-control and surveillance radar sites near the Strait of Hormuz after a U.S. Army Apache went down off Oman. Two crew members were rescued and were in stable condition. Iranian media reported explosions in Qeshm, Sirik, Bandar Abbas and near Jask.
Geopolitics & Trade a month ago
Iran Reports U.S. Strikes on Water Facilities in Sirik Left 20,000 Without Drinking Water
Iran said U.S. strikes hit two water reservoirs in the Sirik area of southern Iran, disrupting drinking water supplies for about 20,000 residents, including villages in the Bamani district. Local authorities were assessing damage to the water infrastructure, according to reports citing Iranian officials and state media.
Energy & Commodities a month ago
U.S. Ground Beef Prices Reach May Record as Texas Screwworm Cases Rise
U.S. average retail prices for 100% ground beef reached $6.899 per pound in May, according to BLS data. USDA said a new New World screwworm case was confirmed in a calf in La Salle County, Texas, bringing the reported total in the state to six, while cattle futures ended lower Monday.
Finance & Banking a month ago
ECB temporarily restricted Revolut from launching new EEA products and ordered external review
The European Central Bank halted new product launches by Revolut’s European arm across the European Economic Area last summer, according to notifications made in July 2025. The bank also required an independent review and asked Revolut’s board to examine how future launches could affect capital, liquidity and internal approvals.
Deals & Capital Markets a month ago
Ares secures $8.5 billion for specialty credit vehicle, topping target within six months
Ares Management said it raised $8.5 billion from institutional investors for its latest specialty credit fund, exceeding its $6.5 billion target and hitting the fund's hard cap less than six months after its January 2026 launch. The fundraising was disclosed amid slower flows from retail and wealthy clients and higher redemption requests.
Central Banks & Policy a month ago
Bank of Canada Keeps Overnight Rate at 2.25% as Growth Weakens and Inflation Stays Elevated
The Bank of Canada left its overnight rate unchanged at 2.25%, saying weaker economic activity and higher inflation complicate policy decisions. Officials said inflation is expected to be near 3% in coming months, broad-based price pressures from energy remain limited, and growth is projected to resume in the second quarter while economic slack persists.
Geopolitics & Trade a month ago
ICC chief prosecutor Karim Khan sidelined as member states weigh misconduct case
International Criminal Court chief prosecutor Karim Khan has been suspended after the court’s governing body referred him for disciplinary proceedings following an investigation into allegations of sexual harassment or misconduct involving an aide. Khan has denied wrongdoing. The Assembly of States Parties is set to hold a special session and vote on whether he can remain in office.
Geopolitics & Trade a month ago
Airbus looks to form Germany-backed partnership after France-Germany fighter program is shelved
Germany and France have agreed to end their joint next-generation fighter program, which paired a core aircraft with drones and a classified combat-cloud network after months of uncertainty. Berlin and Paris are now focusing on a combat cloud linking aircraft, drones and sensors and may pursue separate national designs, prompting Airbus to seek new partners.
Deals & Capital Markets a month ago
Oatly China executives weigh acquisition of Greater China unit, sources say
People familiar with the matter said executives running Oatly Group AB’s China operations are considering buying the company’s Greater China business, with discussions aimed at completing a deal as soon as this year, though no agreement is assured. Oatly has said it is evaluating options for the China business, including a potential separation. Greater China revenue fell 2.1% year over year to $29.3 million last quarter, driven by weaker foodservice sales.
Markets a month ago
South Korea’s Kospi rebounds over 8% as memory-chip stocks recover after AI-led tech rout
South Korea’s Kospi rose 8.2% to 8,096.93, reversing most of the prior session’s losses. The benchmark had fallen 8.3% to 7,484.41 in its largest one-day drop since March 4. The rebound was led by memory-chip shares, including major domestic semiconductor companies, after a tech selloff tied to AI-related trading.
Finance & Banking a month ago
UBS halves Asia sustainability team as global ESG unit shrinks about 65%
UBS Group AG has reduced its Asia sustainability office from seven employees to three in recent months as part of a broader restructuring. The bank has cut its global sustainability workforce by nearly 65% and has almost fully removed its dedicated ESG data team, while shifting sustainability responsibilities into business divisions.
Central Banks & Policy a month ago
RBI launches 1.5% dollar-rupee swap window for PSU ECBs, banks’ overseas borrowings and FCNR-B deposits
The Reserve Bank of India introduced a US dollar-rupee forex swap facility on June 8, letting eligible banks swap dollars at the FBIL reference rate and reverse at 1.5% per year, up to five years. It applies to PSU external commercial borrowings, banks’ overseas foreign currency borrowings, and certain FCNR-B deposits raised within specified windows.
Markets a month ago
South Korea Plans On-Site Reviews of FX Trades, Citing NDF-Linked Won Volatility
South Korean authorities said they are preparing inspections targeting foreign-exchange transactions they view as disruptive, including activity in non-deliverable forwards that officials say has recently added to won volatility. The government plans to start with document-based checks and escalate to on-site inspections if irregularities are identified, with enforcement actions to follow.
Deals & Capital Markets a month ago
Anthropic secures $35 billion private credit package led by Apollo and Blackstone
Anthropic said it has completed a $35 billion private credit financing led by Apollo Global Management and Blackstone. The company described the transaction as among the largest private credit deals. The debt package is structured in three tranches, including a $6 billion Senior A1 tranche and a $24 billion A2 tranche.