China’s commerce ministry said 20 Japanese entities were placed on an export control list, barring exports and third-country transfers of China-origin dual-use items, while another 20 were added to a watch list subject to stricter licensing and end-user checks. The measures took effect on June 29.
The program announced on June 29 includes two fabrication sites each for Samsung Electronics and SK Hynix in the southwest, plus 81 trillion won for a packaging cluster in Chungcheong. Company and government disclosures indicate site selection and infrastructure needs, including power, water and labor, are still being worked through.
A U.S. official said Washington and Tehran agreed to halt attacks and continue technical talks under a June 17 memorandum of understanding after several days of strikes following an incident in the Strait of Hormuz. Iran had not confirmed a final decision, and the report did not indicate Iranian official confirmation of the pause.
A U.S. official said Washington and Tehran agreed to stand down after recent exchanges, continue technical discussions under an interim memorandum, and aim for a June 30 meeting in Doha. The arrangement includes continued commercial transit through the Strait of Hormuz while negotiations proceed.
In its June 28 Annual Economic Report, the BIS said more frequent supply shocks could reaccelerate inflation, the AI capex surge could reverse, stretched valuations and fragile core bond-market liquidity leave markets exposed, and near-record public debt with greater non-bank intermediation could transmit sovereign stress faster and widen policy trade-offs.
The dispute followed a June 25 drone strike on the Singapore-flagged M/V Ever Lovely near Oman and subsequent U.S. strikes on Iranian missile, drone and coastal radar sites. Iran restated its role in managing Strait transit, while a U.S.-Gulf statement rejected tolls or control claims; oil prices fell as some Saudi loadings resumed.
Frankfurter Allgemeine Zeitung reported Porsche is considering shifting Cayenne manufacturing, including combustion, hybrid and electric versions, from Bratislava to Leipzig. Porsche said discussions with employee representatives are under way, and the works council confirmed talks remain open. Cayenne production moved fully to Bratislava in 2017.
Bloomberg reported QuidelOrtho was considering a sale of the business, with people familiar citing a valuation of about $1.5 billion to $2.0 billion. The process was described as preliminary, with no certainty of a transaction, and the asset could draw interest from both strategic acquirers and private equity buyers.
Approved on June 26, 2026, the package includes $300 million to finance 600,000 metric tons of fertilizer imports for the Aman and Boro rice seasons and $713 million in rapid-disbursing support for cash transfers, livelihoods, MSMEs, and fuel and energy supplies needed to maintain essential services.
CENTCOM said U.S. forces carried out strikes on June 26 against Iranian missile and drone storage locations and coastal radar sites after a one-way drone hit the Singapore-flagged container ship Ever Lovely on June 25 near Oman while it was following a UKMTO-recommended route.
Baltic officials are calling for the EU to move more quickly on ending residual Russian crude purchases, while the bloc’s current framework points to a full phase-out by end-2027. EU documents say Hungary and Slovakia are the only remaining member states still importing Russian crude and must submit diversification plans.
Official data released June 27 showed profits at large industrial firms rose 18.8% in January-May from a year earlier, while May growth eased to 21.1% from 24.7% in April. Revenue increased 5.5%, with profit gains led by electronics and nonferrous metals as autos and utilities lagged.
Technology-led indexes in Japan, South Korea, China and Hong Kong fell on June 26 after Apple’s move to raise iPad and MacBook prices highlighted rising memory costs, while a report that OpenAI could target a 2027 IPO pressured SoftBank and other AI-linked stocks.
Japan said two nationals were detained in Dalian on May 18 and May 25 on suspicion of smuggling prohibited goods. China said it notified Japanese officials of the case. Japanese media identified the detainees as Fuji Electric employees and reported one case involved products containing restricted rare-earth materials.
Cabinet Office materials released on June 24 estimate cumulative public and private investment of more than ¥370 trillion through fiscal 2040 across 62 products and technologies in 17 strategic fields, including semiconductors, AI and biotech. The government said the tally is provisional and separate from its earlier FY2040 annual domestic investment target of ¥200 trillion.
JPMorgan said Doug Petno and Troy Rohrbaugh were appointed co-presidents effective immediately as part of the board’s succession planning process. Petno will serve as sole CEO of the Commercial & Investment Bank, Rohrbaugh will lead Consumer & Community Banking, and Marianne Lake will retire after a transition period.
In a filing, Ares said investors sought repurchases equal to 14.4% of shares in its roughly $22.6 billion Ares Strategic Income Fund for the second quarter, up from 11.6% in the prior quarter. The non-traded private credit fund accepted 5% under its quarterly limit, with requests concentrated among a small group of non-U.S. institutions and family offices.
ZCCM Investments Holdings said on May 5, 2025 that delayed audits at key investee companies prevented publication of FY2024 audited results within UK and Zambian deadlines, prompting a request to suspend its London listing. The FCA restored the listing on July 14, 2025, before a new temporary suspension took effect on May 1, 2026.
Binance told users in several EU markets that, from 1 July 2026, regulated crypto-asset services will be restricted because no group entity will have MiCA authorisation by the 30 June deadline. The company withdrew its Greek application, plans to seek approval in another member state, and said clients can withdraw assets and reduce positions.
Draft directions issued June 25 would allow All India Financial Institutions and housing finance companies, excluding base layer NBFCs, to join the term money market as borrowers and lenders. RBI also proposed board-approved lending limits within existing exposure rules and raised standalone primary dealer borrowing and inter-corporate deposit caps to 400% of net owned funds from 225%.
Shipping traffic through the Strait of Hormuz continued after a vessel was attacked in the Gulf of Oman, while the International Maritime Organization temporarily paused its evacuation process on June 25 pending clarity. Recent counts showed transits had rebounded from the prior week, though still below prewar daily averages and subject to route controls and delays.
France kept its 2026 public deficit target at 5.0% of GDP after the audit office and the High Council for Public Finances said planned savings and revenue measures faced execution risks and were not fully specified. INSEE reported a 2025 deficit of 5.1% of GDP, while official projections indicated debt would continue rising in 2026.
Brent traded near $75 a barrel and WTI near $72, with both benchmarks headed for weekly declines of about 7%. Data showed crude flows through the Strait of Hormuz rose to their highest since the February conflict began, while overall traffic remained below normal and the IMO paused its evacuation operation after Thursday’s attack in the Gulf of Oman.
In June 2026, bitcoin fell toward $60,000, its lowest level in 20 months, as U.S. spot ETFs logged successive weekly net outflows, Treasury yields and the dollar stayed elevated, and options and on-chain measures showed recent buyers underwater and demand for downside protection rising.