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Market news & articles

Central Banks & Policy · 12 days ago

India Tells Banks to Accelerate NRI FX Deposit Mobilisation Under RBI Swap Windows Amid Rupee Pressure

Finance Minister Nirmala Sitharaman on July 13 reviewed progress on FCNR(B), ECB and OFCB swap schemes and directed banks to step up outreach in key overseas markets, use GIFT City banking units and follow RBI’s daily reporting framework. FCNR(B) deposits are eligible through Sept. 30, 2026, and ECB and OFCB windows through Dec. 31, 2026.

Finance & Banking · 12 days ago

China orders domestic raters to revisit AAA bond grades under new spread-based review

PBOC-led regulators told domestic agencies to reassess highly rated issuers using updated standards that include issuance spreads over comparable government bonds, with spreads above 200 basis points as a downgrade trigger. By June 26, 28 downgrades had been recorded in 2026 versus nine in 2025, while more than 220 issuers stopped seeking ratings.

Technology · 12 days ago

Nvidia Cuts Approved Asian AI-Chip Buyers by More Than Half in New Compliance Review

Reuters reported Nvidia created a whitelist for Asian buyers of AI chips and intensified compliance reviews in Singapore, Malaysia and Japan, removing more than half of previously authorized customers after an initial screening. The process includes site visits, contract checks and end-user verification, with firms able to reapply.

Markets · 18 days ago

S&P DJI puts Indonesia on 2027 watchlist, cites possible move from emerging to special measures or frontier

In a July 7 country-classification update, S&P Dow Jones Indices kept Indonesia classified as emerging while placing it on its 2027 watchlist for regulatory developments linked to stock-ownership transparency. It said worsening conditions could prompt special treatment for Indonesian securities, with classification assessed in a later annual review if issues remain unresolved.

Markets · 18 days ago

KOSPI closes 20% below late-June peak after Samsung and SK Hynix lead chip selloff

South Korea’s benchmark ended July 8 at 7,246.79, down 5.35%, after rebounding briefly and then falling enough to trigger a sidecar curb on program trading. Samsung Electronics fell 6.3% and SK Hynix 5.7% as chip shares tracked an overnight 4.7% decline in the Philadelphia Semiconductor Index.

Energy & Commodities · 18 days ago

U.S. launches strikes on Iran, revokes oil-sales license after Hormuz vessel attacks

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 · 18 days ago

HSBC declines to renew some private credit facilities, shifts capital toward lower-risk funds

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 · 18 days ago

China lifts Southbound Bond Connect quota to RMB800 billion, broadens Hong Kong bond access

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 · 18 days ago

BoE proposes lower leverage minimum and buffer changes for UK banks

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.

Deals & Capital Markets · 20 days ago

ICICI Bank Weighs Return to Benchmark US Dollar Bond Market for First Such Sale Since 2017

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.