Energy & Commodities 8 days ago
Reuters reported attacks on three commercial vessels in the Strait of Hormuz and said U.S. Central Command described subsequent U.S. strikes on Iran as responsive to the shipping incidents. Brent settled at $74.16 a barrel and WTI at $70.44, while OFAC limited previously authorized Iran oil trade to wind-down activity through July 17.
Finance & Banking 8 days ago
Reports on July 7 said HSBC has informed some private credit clients it will not extend certain lending lines and will stop providing subordinated leverage financing. The bank said some relationships no longer offered returns commensurate with risk and that it will focus on lower-risk funds.
Central Banks & Policy 8 days ago
Authorities in Hong Kong and Mainland China said the annual Southbound Bond Connect quota will rise to RMB800 billion from RMB500 billion, with plans for repo using southbound holdings, wider eligible products and Macao linkage. The package also adds collateral, settlement and offshore RMB liquidity measures, including a larger RMB Business Facility from July 10.
Finance & Banking 8 days ago
In records and papers published on 7 July 2026, the Bank of England’s Financial Policy Committee proposed removing the countercyclical leverage buffer, cutting the Tier 1 leverage minimum to 3% from 3.25%, setting systemic leverage buffers at 50% of risk-weighted equivalents, and adding a releasable 25-basis-point general buffer.
Central Banks & Policy 8 days ago
The Reserve Bank of New Zealand unanimously increased the official cash rate by 25 basis points from 2.25% to 2.50%, citing persistent non-tradables inflation and recent easing in financial conditions. It said further tightening appears likely, but timing will depend on incoming data, pricing behaviour and spare capacity.
Energy & Commodities 8 days ago
Brent and WTI each rose about 3% intraday as markets assessed renewed military exchanges between the United States and Iran and Washington's move to restore restrictions on Iranian crude sales. Traders also tracked risks to Strait of Hormuz shipping, expected U.S. inventory draws and short-covering from large bearish positions.
Economy 10 days ago
Thailand’s headline CPI rose 2.42% year on year in June, slowing from 2.79% in May and coming in below market expectations. Core inflation was 1.23%, while the reading stayed within the Bank of Thailand’s 1%-3% target band. The Commerce Ministry kept its 2026 inflation forecast at 1.5%-2.5%.
Economy 10 days ago
Destatis said German manufacturing orders fell 3.8% in April from March after a 5.0% rise in March. Foreign orders dropped 4.2%, led by an 11.1% decline from the euro area, while domestic orders fell 2.9%. Orders excluding large contracts also slipped 3.8%, and real manufacturing turnover edged up 0.1%.
Geopolitics & Trade 10 days ago
Danish shipping group BIMCO said more vessels were resuming Strait of Hormuz passages after the US-Iran ceasefire, but warned that congestion, navigational incidents and electronic interference still affect transit decisions. It said operators should rely on voyage-specific risk assessments and official advisories, and that a return to pre-conflict traffic could take months.
Finance & Banking 10 days ago
In September 2025, Baillie Gifford said it was consulting on changes across about 1,600 employees, with up to 50 positions potentially affected and some departures expected before year-end. The firm said it was reallocating roles to reflect changes in client distribution, while using internal mobility to redeploy staff where possible.
Markets 10 days ago
S&P Global Market Intelligence reported that institutional investors were net sellers of $50.20 billion in equities in December 2024, the largest monthly sale of the year. Index funds and ETFs were net buyers of $25.89 billion, while retail investors also sold a net $7.84 billion and hedge funds bought $20.44 billion.
Deals & Capital Markets 10 days ago
ICICI Bank's last benchmark US dollar senior bond was a $500 million 3.8% note due 2027 issued in December 2017 through its Dubai branch. The bank's disclosures show foreign-currency senior unsecured ratings of Baa3 from Moody's and BBB from S&P, while April 2026 investor materials detailed capital, deposits and asset-quality metrics.
Central Banks & Policy 10 days ago
China’s central bank said it injected a net 10 billion yuan through open-market government bond purchases and sales in June, with first-half net injections via that channel reaching 300 billion yuan. The PBOC said such operations have been conducted routinely this year, with sizes adjusted to liquidity needs and bond-market conditions.
Energy & Commodities 10 days ago
Ottawa said it will refer Alberta’s proposed heavy-crude pipeline to the Major Projects Office for possible national-interest fast-tracking. The project would transport 1 million barrels per day from Alberta to British Columbia’s coast, with Trans Mountain leading development, Pembina investing, and consultations on Indigenous equity participation starting immediately.
