Last updated: August 24, 2026, 8:35 AM ET
Oil Market Volatility
Oil prices declined more than 1.5% as investors awaited details on expected U.S. sanctions on Iran following Treasury Secretary Scott Bessent's press conference. Oil Falls Ahead of Bessent’s Press Conference
The global oil market has diverged fundamentally, with a bearish outlook for crude but bullish prices for products, according to Total Energies SE Chief Executive Officer Patrick Pouyanne. Total CEO Says Market Is Bearish for Crude, Bullish for Products
Iran's oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the U.S. administration announces fresh moves to isolate Tehran. Iran Oil Cargoes Dry Up Even Before US Acts on Tehran Threats
U.S. claims about high oil flow through Hormuz are disputed by tracking firms that cannot verify the volume of oil getting through Iran's chokehold. U.S. Says Oil Is Pouring Through Hormuz. Trackers Can't Find It
The UAE, Iraq, Kuwait and now Saudi Arabia all appear to be sneaking barrels across the crucial waterway to global markets despite Iranian threats. Hormuz Oil Flows Are Going Strong as War Drags On
Iran threatens to fine or confiscate 46 ships in the Strait of Hormuz after vessels violated protocols for travelling across the waterway. Iran threatens 46 ships in Strait of Hormuz transit crackdown
Equity Market Movements
Technology stocks dragged global equities lower in a risk-off start to a week stacked with high-stakes macro events and earnings. Oil's decline offered relief to bonds amid the market's most consequential week of summer. Stocks Fall as High-Stakes Week Gets Underway: Markets Wrap
Nasdaq futures slid as U.S.-Canada trade tensions and Asian tech sector weakness pressured longer-dated Treasurys, which eased slightly as oil prices fell. Nasdaq Futures, Tech Stocks Slide as U.S.-Canada Trade War in Focus
European stock indexes were largely lower at the open, with the Europe-wide Stoxx 600 down 0.15%, as AI-related shares underperformed amid growing caution around the sector's prospects. European Stocks Mostly Lower as Tech, Autos Fall
European stocks were steady as investor focus shifted to economic data for clues about the region's economic health, with the macro outlook back in focus for traders. European Stocks Steady as Investor Focus Shifts to Economic Data
Wall Street is counting on Nvidia to keep the AI momentum going, with the semiconductor giant's results poised to send shock waves through the tech sector and broader stock market. Wall Street Is Counting on Nvidia to Keep the AI Party Going
Nvidia's earnings will test Wall Street's faith in the AI boom, with the company's performance critical to maintaining market valuations built around artificial intelligence expectations. Nvidia's Earnings Will Test Wall Street's Faith in the AI Boom
Carry trades are riding high on Wall Street as investors bet the dollar will weaken, with this popular but often risky strategy gaining momentum in current market conditions. Carry Trades Are Riding High on Wall Street
A renewed spike in oil prices is the biggest risk facing U.S. stocks, according to Morgan Stanley's Michael Wilson, who recommended using energy shares to hedge portfolios. Morgan Stanley's Wilson Sees Higher Oil as Key Risk for Equities
Tech stocks are entering a phase where they no longer trade on AI alone, with bond volatility proving that catalysts are definitely not confined to the usual earnings or policy drivers. Nvidia and Warsh Will Test a Stock Market That's in Mid-Rotation
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co. Alibaba, YMTC Fundraising Hits China Tech Stocks on Supply Woes
Fixed Income Dynamics
Treasuries gained at the start of a potentially pivotal week for the U.S. bond market, with remarks from U.S. Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh likely to determine market direction. Treasuries Gain With Bessent and Warsh Due to Set Direction
The DXY dollar index rose after hitting a three-month low Thursday, with MUFG saying the currency was at risk of falling ahead of remarks from the U.S. Treasury Secretary and Jackson Hole symposium. Dollar Vulnerable Ahead of Remarks From Bessent, Warsh
A slight decline in global bond yields was helped by lower oil prices, with some investors anticipating that further measures from the U.S. Treasury were possible. Global Bond Yields Fall on Declining Oil, Prospects of Further Treasury Steps to Tackle Recent Highs
Bond investors will zero in on Kevin Warsh's Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman's response to elevated yields. US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
Fidelity International Ltd. has doubled its gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
Gold prices climbed above $4,700 a troy ounce as investors await the release of key U.S. inflation data and Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. Gold Above $4,700 Ahead of Inflation Data, Fed Chair Speech
Gold climbed to the highest in more than three months after the U.S. Treasury's bold intervention in the bond market revived concerns about a weaker dollar and pushed investors toward alternatives. Gold Advances to Three-Month High as Debasement Trade Returns
Two Japanese bond auctions next week may challenge U.S. Treasury Secretary Scott Bessent's efforts to subdue longer-maturity Treasury yields as global funding dynamics shift. Japan Bond Auctions Pose Another Threat to US Debt Yields
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
European gas prices will likely need to rise above €100 ($117) a megawatt-hour in December for the continent to rebuild enough inventory to last the winter, according to Goldman Sachs Group Inc. Goldman Says Europe May Need €100 Gas to Build Winter Inventory
Currency Market Reactions
The Canadian dollar was heading for its worst day against the U.S. dollar in more than two months after trade talks between the two countries collapsed, with the currency tumbling amid the trade rift. Canadian Dollar Tumbles as Trade Rift Threatens Growth Outlook
Indonesian government bonds drew the biggest foreign inflows in more than seven years, helped by a stronger rupiah and expectations that the central bank will keep interest rates steady following a 10-basis-point cut. Indonesian Bonds Draw Highest Inflows Since 2019 on Rupiah Gains
The Taiwan dollar's strongest monthly rise in over a year is running into a wall of headwinds, sowing doubts among analysts on the sustainability of its rebound amid external pressures. Taiwan Dollar's August Rebound Is Looking Fragile, Analysts Say
Turkish banks rallied after the central bank lowered borrowing costs earlier than anticipated, paving a path to potentially deliver more interest-rate cuts before the end of the year. Turkish Banks Rally as Central Bank Lowers Lending Rate
FTSE Russell's semi-annual index review may give Vietnamese stocks a bigger-than-expected weighting, potentially shaking off a lackluster year for the market. FTSE's Reshuffle May Give Vietnam Stocks a $3 Billion Boost
Vietnam's parliament approved raising the total investment in a railway linking the country to China by just over 86 trillion dong ($3.3 billion) as delays in land clearance push the project behind schedule. Vietnam Approves Extra $3 Billion for Delayed China Rail Link
Commodity and Energy Developments
European gas prices will likely need to rise above €100 a megawatt-hour in December for the continent to rebuild enough inventory to last the winter, according to Goldman Sachs's assessment of energy security needs. Goldman Says Europe May Need €100 Gas to Build Winter Inventory
Bangladesh is seeking additional liquefied natural gas cargoes as the Iran war continues to disrupt flows through the Strait of Hormuz, expanding its import requirements. LNG WRAP: Bangladesh Seeks More Cargoes as Iran War Drags On
China's flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country's biggest share sales by a semiconductor maker in years. Chinese Chip Maker YMTC Seeks $4.9 Billion IPO
Zijin Mining Group Co. said its full-year copper production target was under pressure due to flooding at a major Congolese mine, adding to global supply concerns as the metal trades near a record high. Zijin Says Copper Target Under Pressure After Congo Mine Flood
Australia's biggest lithium producer PLS Group Ltd. flagged a supply shortfall of the battery metal and said it was nearing a final investment decision on expanding its capacity. Lithium Miner PLS Group Bullish on Price Outlook, Eyes Expansion
The Rausing family, which made a fortune from Tetra Pak cartons, sold more than $1 billion of U.S. equities in the second quarter, joining the global rich that are trimming bets in the world's biggest economy. Tetra Pak Tycoons Slash US Stocks in $17 Billion Portfolio
Used condominium prices in central Tokyo fell for the third straight month in July, suggesting to some experts that the market is in a correction stage after a period of record gains. Tokyo Used Condo Prices Drop for Third Month in Correction Sign
Brazilian Economic Developments
Braskem SA reached an agreement with its main creditors to pursue an out-of-court debt restructuring, according to newspaper O Estado de Sao Paulo, as the petrochemical company seeks financial relief. Braskem Files for Out-of-Court Debt Rework, Estado Says
Brazil's election race intensified as President Luiz Inácio Lula da Silva's lead over conservative challenger Flávio Bolsonaro shrank when official campaigning began for October's vote, according to a new poll. Lula's Lead Over Bolsonaro Shrinks as Campaign Opens, Poll Shows
India, the world's second-biggest wheat producer, has scrapped a years-long ban on exports of the grain, a move that could ease global supplies that are under strain from escalating attacks between Russia and Ukraine. India Lifts Wheat Export Ban in Boost to War Hit Global Supply
India's equity capital market is heading for its best month on record, bucking a lackluster stock market as ample domestic liquidity continues to fuel demand for new shares. India's $10 Billion Equity Rush Puts August on Track for Record
Domestic mutual funds, insurers and retail investors have all been active buyers in India's capital markets, driving record levels of equity issuance despite secondary market struggles. India Equity Deals Hit Record While Secondary Market Struggles
India's market regulator turned down settlement applications from overseas funds that once held significant stakes in Adani Group companies, resurfacing an earlier enforcement action. India Rejects Settlement Plea by Global Funds Owning Adani Stock
Trade and Policy Developments
U.S.-Canada trade talks collapsed, with tariffs taking effect as the two nations failed to reach an agreement on key economic issues. U.S.-Canada Trade Talks Fail
A U.S. Marines drill with South Korea was canceled, citing Iran war demands as military resources were redirected to other priorities in the region. U.S. Marines Cancel Drill With South Korea, Citing Iran War Demands
President Trump's decision to escalate a tariff brawl with Canada makes no economic or political sense, according to an opinion piece analyzing the strategic implications of the trade conflict. Opinion | The Dumbest Trade War Revisited
Trump's economic approach draws concern from some Republicans, with a plan to lower tariffs on imported beef and trade tensions with Canada compounding GOP worries ahead of the midterms. Trump's Economic Approach Draws Concern From Some Republicans
The pro-Israel group AIPAC faces resistance after preparing to spend big for Mike Rogers, the Republican nominee for Senate in Michigan, raising questions about the group's strategic choices. AIPAC Wants to Back This Republican, but He Has Some Reservations
Canada is at war with the U.S. over tariffs, with the U.S. Postal Service publishing a plan to restrict ballots that has added another layer of tension to the bilateral dispute. Canada Is 'at War' With U.S. Over Tariffs, and U.S.P.S. Publishes Plan to Restrict Ballots
Corporate and Financial Sector News
PDD's second-quarter revenue missed expectations as the company navigated fierce domestic competition and increased regulatory pressure in the Chinese e-commerce market. Temu Owner's Profit Falls but Beats Expectations
RJ Shook of Shook Research said he paid Randall Lane, the former top editor at Forbes, for "services and guidance" in partnering with Forbes and later selling his research firm, totaling $6 million in payments. Research Firm's Founder Explains $6 Million Payment to Fired Forbes Editor
The National Highway Traffic Safety Administration is expanding its investigation into GM's electronic braking system after receiving several complaints about the E Boost system's performance. NHTSA Expands Investigation Into GM Braking System
A JPMorgan Chase & Co. unit facing allegations of non-compliance from India's market regulator is likely to contend that the issue was technical in nature rather than manipulative. JPMorgan Unit to Argue Any India Regulatory Breach Was Technical
Shares in Regal Partners fell after the company said its chief investment officer for long short equities Phil King would transition to retirement, marking the exit of one of Australia's most high-profile fund managers. Hedge Fund Manager Phil King to Retire From Regal Partners
Partners Group will exit its private credit investment in Gong Cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month. Partners Group Exits Bubble-Tea Brand Gong Cha After Bain Buyout
Citigroup Inc. has tied up with Axis Bank Ltd. to finance non-resident Indians investing in foreign-currency deposits with the local lender, expanding cross-border financial services. Citi and Axis Team Up on Leveraged India Dollar Deposit Boom
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
A portfolio manager at Fidelity International Ltd. has doubled his fund's gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
Technology and Innovation
Amazon's robotaxis are hitting the road with paid rides, becoming the first to charge for autonomous vehicle trips without a steering wheel, dashboard or pedals. Amazon's Toaster-Shaped Robotaxis Are Hitting the Road
An attack by what Ukrainian officials said was a Russian drone with an Nvidia chip presages a dystopian future of weaponry untethered to humans, raising questions about AI's role in modern warfare. A Drone Killed Three Ukrainians. It Was Guided Entirely by A.I.
The tech giant says its Nvidia Jetson Orin devices do not sell in Russia, but they are widely available on resale markets, making them virtually impossible to track once purchased. Some of Russia's A.I. Drones Are Powered by Nvidia Microcomputers, Ukrainian Officials Say
Dr. Dre and Jimmy Iovine believe artificial intelligence is good for music, arguing that corporate America isn't collaborative enough in leveraging new technologies. Dr. Dre and Jimmy Iovine Think A.I. Is Good for Music
Big Tech thinks wearables are the gateway to artificial intelligence, but critics call it cringe stalkerware due to privacy concerns. Does AI belong on your face?
YouTube is racing to catch up to Amazon, which already offers users the chance to subscribe to services like HBO Max from within its app, as streaming platforms compete for user retention. Netflix, YouTube and Amazon Want You to Watch Everything From One App: Theirs
Global Economic and Political Developments
Moody's Ratings upgraded Pakistan's sovereign credit rating, citing a stronger external position, better fiscal metrics and lower domestic financing costs, extending a recovery in the South Asian nation. Moody's Upgrades Pakistan on Improving Economic Outlook
Mark Carney has chosen suffering, but he did what Canadians elected him to do in his foreign policy approach, marking his first international trip as British prime minister. Mark Carney Did What Canadians Elected Him to Do
Mark Carney is traveling to Ukraine on Monday for his first international trip as British prime minister, in an attempt to show he'll maintain diplomatic and military support for Kyiv as Russia's war continues. Burnham Enters World Stage With Debut Foreign Trip to Ukraine
Andy Burnham is traveling to Ukraine on Monday for his first international trip as British prime minister, in an attempt to show he'll maintain diplomatic and military support for Kyiv as Russia's war continues. Burnham Enters World Stage With Debut Foreign Trip to Ukraine
Prime Minister Andy Burnham affirmed support for Kyiv despite new warnings from Moscow of consequences for doing so after arriving in Ukraine on his first foreign trip since taking office. UK Prime Minister Burnham Arrives in Ukraine as Russia Amps Up Warnings
Pakistan's Army Chief Field Marshal Asim Munir is traveling to Iran as part of efforts to end the Middle East conflict as tensions rise between Tehran and Washington. Pakistan Army Chief Heads to Iran to Boost Mideast Peace Efforts
President Trump needs to face reality on the Strait of Hormuz, with calls to let Iran control the strategic waterway rather than escalate tensions over oil flows. Let Iran Control the Strait of Hormuz
Iran's new hard-line national security adviser, Mohsen Rezaei, vowed to prevent "a single drop of oil" from leaving the region, warning Gulf states against joining Trump's economic war. Iran Warns Gulf States Not to Join Trump's Economic War
President Trump has threatened economic penalties on countries that do business with Iran as he seeks to add pressure on Tehran to negotiate an end to the war. Which Countries Could Be Hurt Most by Trump's Plan to Hit Iran's Economy?
In recent weeks, the police have closed dozens of cafes in Iran, often citing laws that stipulate women must veil in public, as part of an effort to control public space and government authority. Where Iran's Young People Gather, the Government Sees Threats to Its Authority
Market Strategy and Investment Trends
A renewed spike in oil prices is the biggest risk facing U.S. stocks, according to Morgan Stanley's Michael Wilson, who recommended using energy shares to hedge portfolios against commodity volatility. Morgan Stanley's Wilson Sees Higher Oil as Key Risk for Equities
Carry trades are riding high on Wall Street as investors bet the dollar will weaken, with this popular but often risky strategy gaining momentum in current market conditions. Carry Trades Are Riding High on Wall Street
Saudi Arabia's capital markets regulator has undergone leadership changes that have revived investor and banker hopes for further liberalization, including a much-awaited easing of foreign-ownership limits. Saudi Capital Markets Shakeup Puts Foreign Inflows Back in Focus
A hedge fund is taking on Baillie Gifford in a new board battle, with activist investor Boaz Weinstein's fund waging a campaign against UK investment trusts. Hedge fund Saba takes on Baillie Gifford in new board battle
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
Mark Walter's lieutenant was key to Dodgers owner's complex lending machine, with Rich Moore helping organize the flow of money to Walter from insurers, arrangements now under federal scrutiny. Mark Walter Lieutenant Was Key to Dodgers Owner's Complex Lending Machine
Los Angeles Dodgers owner's troubles are roiling the insurance world, with federal investigations of Mark Walter's business empire putting a spotlight on private-equity-owned insurers that invest premiums in risky assets. Los Angeles Dodgers Owner's Troubles Roil Insurance World
UBS has concerns over private markets push by manager of $1 billion sustainable finance fund, with ties between the Swiss bank and Record souring but UK partner remaining as manager. UBS concern over private markets push by manager of $1bn sustainable finance fund
A portfolio manager at Fidelity International Ltd. has doubled his fund's gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
Regional Market Developments
Vietnam's parliament approved raising the total investment in a railway linking the country to China by just over 86 trillion dong ($3.3 billion) as delays in land clearance push the project behind schedule. Vietnam Approves Extra $3 Billion for Delayed China Rail Link
Vietnamese stocks may be poised to shake off a lackluster year after securing a bigger-than-expected weighting in FTSE Russell's semi-annual index review. FTSE's Reshuffle May Give Vietnam Stocks a $3 Billion Boost
Indian government bonds drew the biggest foreign inflows in more than seven years, helped by a stronger rupiah and expectations that the central bank will keep interest rates steady following a 10-basis-point cut. Indonesian Bonds Draw Highest Inflows Since 2019 on Rupiah Gains
Used condominium prices in central Tokyo fell for the third straight month in July, suggesting to some experts that the market is in a correction stage after a period of record gains. Tokyo Used Condo Prices Drop for Third Month in Correction Sign
Turkish banks rallied after the central bank lowered borrowing costs earlier than anticipated, paving a path to potentially deliver more interest-rate cuts before the end of the year. Turkish Banks Rally as Central Bank Lowers Lending Rate
The Taiwan dollar's strongest monthly rise in over a year is running into a wall of headwinds, sowing doubts among analysts on the sustainability of its rebound amid external pressures. Taiwan Dollar's August Rebound Is Looking Fragile, Analysts Say
Hong Kong's ambitious plan to create a technology hub near the mainland Chinese border faces an early test after the first residential sales in its Northern Metropolis got off to a middling start, highlighting challenges in attracting buyers. Hong Kong Homebuyers Left Cold by Prices in Remote Tech Hub
Regulatory and Compliance Issues
The National Highway Traffic Safety Administration is expanding its investigation into GM's electronic braking system after receiving several complaints about the E Boost system's performance. NHTSA Expands Investigation Into GM Braking System
A JPMorgan Chase & Co. unit facing allegations of non-compliance from India's market regulator is likely to contend that the issue was technical in nature rather than manipulative. JPMorgan Unit to Argue Any India Regulatory Breach Was Technical
India's market regulator turned down settlement applications from overseas funds that once held significant stakes in Adani Group companies, resurfacing an earlier enforcement action. India Rejects Settlement Plea by Global Funds Owning Adani Stock
The Philippines' corporate regulator is looking to increase the minimum capital requirement for stock brokers as it forges ahead with reforms despite pushback from some market participants. Philippine Corporate Regulator Targets Stock Brokers in Next Reform Push
KPMG Australia is cutting hundreds of workers and partner pay after an audit scandal, letting go of 5% of country staff and reducing compensation by 13% as consulting revenue tanks. KPMG Australia cuts hundreds of workers and partner pay after audit scandal
State-owned Danantara Sumberdaya Indonesia's role is to monitor the resources market and maintain the flow of exports, not to take ownership of goods, according to CEO Luke Mahony. Inside Indonesia's Push to Boost Commodity Market Credibility
The state-backed company set up to oversee Indonesia's vast commodity industry aims to strengthen oversight of export flows, including a plan to track ships serving the world's largest archipelago. Indonesian Commodity Oversight Plan to Include Ship-Tracking
Financial Services and Banking
Citigroup Inc. has tied up with Axis Bank Ltd. to finance non-resident Indians investing in foreign-currency deposits with the local lender, expanding cross-border financial services. Citi and Axis Team Up on Leveraged India Dollar Deposit Boom
Morgan Stanley's Michael Wilson recommended using energy shares to hedge portfolios against commodity volatility, identifying oil price spikes as the biggest risk facing U.S. stocks. Morgan Stanley's Wilson Sees Higher Oil as Key Risk for Equities
A portfolio manager at Fidelity International Ltd. has doubled his fund's gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
Bond investors will zero in on Kevin Warsh's Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman's response to elevated yields. US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance
Treasuries gained at the start of a potentially pivotal week for the U.S. bond market, with remarks from U.S. Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh likely to determine market direction. Treasuries Gain With Bessent and Warsh Due to Set Direction
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
Energy Sector Developments
Oil prices declined more than 1.5% as investors awaited details on expected U.S. sanctions on Iran following Treasury Secretary Scott Bessent's press conference. Oil Falls Ahead of Bessent's Press Conference
The global oil market has diverged fundamentally, with a bearish outlook for crude but bullish prices for products, according to Total Energies SE Chief Executive Officer Patrick Pouyanne. Total CEO Says Market Is Bearish for Crude, Bullish for Products
Iran's oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the U.S. administration announces fresh moves to isolate Tehran. Iran Oil Cargoes Dry Up Even Before US Acts on Tehran Threats
U.S. claims about high oil flow through Hormuz are disputed by tracking firms that cannot verify the volume of oil getting through Iran's chokehold. U.S. Says Oil Is Pouring Through Hormuz. Trackers Can't Find It
The UAE, Iraq, Kuwait and now Saudi Arabia all appear to be sneaking barrels across the crucial waterway to global markets despite Iranian threats. Hormuz Oil Flows Are Going Strong as War Drags On
Iran threatens to fine or confiscate 46 ships in the Strait of Hormuz after vessels violated protocols for travelling across the waterway. Iran threatens 46 ships in Strait of Hormuz transit crackdown
Oil dropped after two weeks of gains, with the market waiting to see the U.S. economic isolation plan for Iran due to be released later Monday. Latest Oil Market News and Analysis for Aug. 24
Oil prices fell more than 1.5% as investors awaited details on expected U.S. sanctions on Iran following Treasury Secretary Scott Bessent's press conference. Oil Falls Ahead of Bessent's Press Conference
Geopolitical and Security Matters
An attack by what Ukrainian officials said was a Russian drone with an Nvidia chip presages a dystopian future of weaponry untethered from humans, raising questions about AI's role in modern warfare. A Drone Killed Three Ukrainians. It Was Guided Entirely by A.I.
Some of Russia's A.I. drones are powered by Nvidia Jetson Orin devices, which the tech giant says it does not sell in Russia but are widely available on resale markets. Some of Russia's A.I. Drones Are Powered by Nvidia Microcomputers, Ukrainian Officials Say
President Trump has threatened economic penalties on countries that do business with Iran as he seeks to add pressure on Tehran to negotiate an end to the war. Which Countries Could Be Hurt Most by Trump's Plan to Hit Iran's Economy?
In recent weeks, the police have closed dozens of cafes in Iran, often citing laws that stipulate women must veil in public, as part of an effort to control public space and government authority. Where Iran's Young People Gather, the Government Sees Threats to Its Authority
Iran's new hard-line national security adviser, Mohsen Rezaei, vowed to prevent "a single drop of oil" from leaving the region, warning Gulf states against joining Trump's economic war. Iran Warns Gulf States Not to Join Trump's Economic War
Mark Carney has chosen suffering, but he did what Canadians elected him to do in his foreign policy approach, marking his first international trip as British prime minister. Mark Carney Did What Canadians Elected Him to Do
Mark Carney is traveling to Ukraine on Monday for his first international trip as British prime minister, in an attempt to show he'll maintain diplomatic and military support for Kyiv as Russia's war continues. Burnham Enters World Stage With Debut Foreign Trip to Ukraine
Prime Minister Andy Burnham affirmed support for Kyiv despite new warnings from Moscow of consequences for doing so after arriving in Ukraine on his first foreign trip since taking office. UK Prime Minister Burnham Arrives in Ukraine as Russia Amps Up Warnings
Pakistan's Army Chief Field Marshal Asim Munir is traveling to Iran as part of efforts to end the Middle East conflict as tensions rise between Tehran and Washington. Pakistan Army Chief Heads to Iran to Boost Mideast Peace Efforts
President Trump needs to face reality on the Strait of Hormuz, with calls to let Iran control the strategic waterway rather than escalate tensions over oil flows. Let Iran Control the Strait of Hormuz
Corporate Restructuring and Financial Engineering
Braskem SA reached an agreement with its main creditors to pursue an out-of-court debt restructuring, according to newspaper O Estado de Sao Paulo, as the petrochemical company seeks financial relief. Braskem Files for Out-of-Court Debt Rework, Estado Says
Chinese developer Logan Group Co. won court approval to implement its debt restructuring plan, more than four years after defaulting in the midst of the country's property crisis. Chinese Builder Logan Wins Court Approval for Debt Plan
A hedge fund is taking on Baillie Gifford in a new board battle, with activist investor Boaz Weinstein's fund waging a campaign against UK investment trusts. Hedge fund Saba takes on Baillie Gifford in new board battle
Partners Group will exit its private credit investment in Gong Cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month. Partners Group Exits Bubble-Tea Brand Gong Cha After Bain Buyout
Shein Global Holdings Ltd. is seeking to raise as much as HK$13.9 billion ($1.8 billion) in its Hong Kong initial public offering, as it enters the final stretch of an arduous journey to go public. Shein Targets Up to $27 Billion Valuation in Long-Awaited HK IPO
Shein seeks $27bn valuation from Hong Kong IPO, with market capitalization nearly three-quarters below peak after attempts to list in New York and London failed. Shein seeks $27bn valuation from Hong Kong IPO
U.S. authorities are conducting a national security review of Shein Global Holdings Ltd.'s purchase of American clothing retailer Everlane after Shein sought approval for the deal. Shein's Purchase of Everlane Faces US National Security Review
Market Sentiment and Risk Assessment
Bond investors will zero in on Kevin Warsh's Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman's response to elevated yields. US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
A portfolio manager at Fidelity International Ltd. has doubled his fund's gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
Gold climbed above $4,700 a troy ounce as investors await the release of key U.S. inflation data and Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. Gold Above $4,700 Ahead of Inflation Data, Fed Chair Speech
Gold prices climbed above $4,700 a troy ounce as investors await the release of key U.S. inflation data and Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. Gold Above $4,700 Ahead of Inflation Data, Fed Chair Speech
Gold climbed to the highest in more than three months after the U.S. Treasury's bold intervention in the bond market revived concerns about a weaker dollar and pushed investors toward alternatives. Gold Advances to Three-Month High as Debasement Trade Returns
The DXY dollar index rose after hitting a three-month low Thursday, with MUFG saying the currency was at risk of falling ahead of remarks from the U.S. Treasury Secretary and Jackson Hole. Dollar Vulnerable Ahead of Remarks From Bessent, Warsh
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
Carry trades are riding high on Wall Street as investors bet the dollar will weaken, with this popular but often risky strategy gaining momentum in current market conditions. Carry Trades Are Riding High on Wall Street
Oil prices declined more than 1.5% as investors awaited details on expected U.S. sanctions on Iran following Treasury Secretary Scott Bessent's press conference. Oil Falls Ahead of Bessent's Press Conference
Oil dropped after two weeks of gains, with the market waiting to see the U.S. economic isolation plan for Iran due to be released later Monday. Latest Oil Market News and Analysis for Aug. 24
Political and Election Coverage
President Luiz Inácio Lula da Silva's lead over conservative challenger Flávio Bolsonaro shrank as official campaigning officially began for October's election, a new poll showed. Lula's Lead Over Bolsonaro Shrinks as Campaign Opens, Poll Shows
Republicans still have some clear advantages on the map, but President Trump's unpopularity has opened the door for an outcome that once seemed far-fetched in the U.S. Senate race. Can Democrats Win Back the Senate? Why Their Chances Are Improving.
From South Dakota to Alaska, independents are challenging incumbent Republicans and eschewing a Democratic label that Western voters find toxic in key election battlegrounds. As Democrats Struggle in Some Western States, Independents See an Opening
A plan to lower tariffs on imported beef and trade tensions with Canada have compounded some G.O.P. worries about a central issue in the midterms, drawing concern from Republican lawmakers. Trump's Economic Approach Draws Concern From Some Republicans
The pro-Israel group AIPAC faces resistance after preparing to spend big for Mike Rogers, the Republican nominee for Senate in Michigan, raising questions about the group's strategic choices. AIPAC Wants to Back This Republican, but He Has Some Reservations
President Trump's son-in-law and the man in line to be speaker of a Democratic-led House discussed how Democrats and the administration could work together in private meetings ahead of the midterms. Jeffries and Kushner Meet Privately as Midterm Attacks Fly
A governor's race, a Senate contest and enough congressional contests to swing control of the House are all in play in Ohio, where voters of all stripes express a deep sense of powerlessness. Angry Ohio Voters Could Turn Their State Purple Again
Trump's decision to escalate a tariff brawl with Canada makes no economic or political sense, according to an opinion piece analyzing the strategic implications of the trade conflict. Opinion | The Dumbest Trade War Revisited
What Canadian goods will take Trump's 50% tariffs? Some pretty strange items including buoys, dog muzzles, capes, national flags and base metal statuettes from Canada are now more expensive for U.S. shoppers. What Canadian Goods Will Take Trump's 50% Tariffs? Some Pretty Strange Items.
International Relations and Diplomacy
Mark Carney has chosen suffering, but he did what Canadians elected him to do in his foreign policy approach, marking his first international trip as British prime minister. Mark Carney Did What Canadians Elected Him to Do
Mark Carney is traveling to Ukraine on Monday for his first international trip as British prime minister, in an attempt to show he'll maintain diplomatic and military support for Kyiv as Russia's war continues. Burnham Enters World Stage With Debut Foreign Trip to Ukraine
Prime Minister Andy Burnham affirmed support for Kyiv despite new warnings from Moscow of consequences for doing so after arriving in Ukraine on his first foreign trip since taking office. UK Prime Minister Burnham Arrives in Ukraine as Russia Amps Up Warnings
Pakistan's Army Chief Field Marshal Asim Munir is traveling to Iran as part of efforts to end the Middle East conflict as tensions rise between Tehran and Washington. Pakistan Army Chief Heads to Iran to Boost Mideast Peace Efforts
President Trump needs to face reality on the Strait of Hormuz, with calls to let Iran control the strategic waterway rather than escalate tensions over oil flows. Let Iran Control the Strait of Hormuz
Iran's new hard-line national security adviser, Mohsen Rezaei, vowed to prevent "a single drop of oil" from leaving the region, warning Gulf states against joining Trump's economic war. Iran Warns Gulf States Not to Join Trump's Economic War
President Trump has threatened economic penalties on countries that do business with Iran as he seeks to add pressure on Tehran to negotiate an end to the war. Which Countries Could Be Hurt Most by Trump's Plan to Hit Iran's Economy?
In recent weeks, the police have closed dozens of cafes in Iran, often citing laws that stipulate women must veil in public, as part of an effort to control public space and government authority. Where Iran's Young People Gather, the Government Sees Threats to Its Authority
U.S. Marines canceled a drill with South Korea, citing Iran war demands as military resources were redirected to other priorities in the region. U.S. Marines Cancel Drill With South Korea, Citing Iran War Demands
The move to call off the high-profile event was communicated in June, South Korea said, as President Trump shortened another joint military exercise earlier this month. U.S. Marines Cancel Drill With South Korea, Citing Iran War Demands
Macroeconomic and Policy Analysis
Treasury Secretary Scott Bessent came to office blasting his predecessor for trying to re-engineer the world's largest bond market, and last week he took a stab at it himself. Bessent Has No Easy Fix for What's Really Driving Yields Up
A renewed spike in oil prices is the biggest risk facing U.S. stocks, according to Morgan Stanley's Michael Wilson, who recommended using energy shares to hedge portfolios against commodity volatility. Morgan Stanley's Wilson Sees Higher Oil as Key Risk for Equities
Carry trades are riding high on Wall Street as investors bet the dollar will weaken, with this popular but often risky strategy gaining momentum in current market conditions. Carry Trades Are Riding High on Wall Street
Gold climbed to the highest in more than three months after the U.S. Treasury's bold intervention in the bond market revived concerns about a weaker dollar and pushed investors toward alternatives. Gold Advances to Three-Month High as Debasement Trade Returns
A portfolio manager at Fidelity International Ltd. has doubled his fund's gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
Bond investors will zero in on Kevin Warsh's Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman's response to elevated yields. US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
The DXY dollar index rose after hitting a three-month low Thursday, with MUFG saying the currency was at risk of falling ahead of remarks from the U.S. Treasury Secretary and Jackson Hole. Dollar Vulnerable Ahead of Remarks From Bessent, Warsh
Two Japanese bond auctions next week may challenge U.S. Treasury Secretary Scott Bessent's efforts to subdue longer-maturity Treasury yields as global funding dynamics shift. Japan Bond Auctions Pose Another Threat to US Debt Yields
Technology and Media Industry Updates
YouTube is racing to catch up to Amazon, which already offers users the chance to subscribe to services like HBO Max from within its app, as streaming platforms compete for user retention. Netflix, YouTube and Amazon Want You to Watch Everything From One App: Theirs
Netflix is increasingly open to the idea of bundling streaming services, as YouTube races to catch up to Amazon's integrated subscription model. Netflix, YouTube and Amazon Want You to Watch Everything From One App: Theirs
Big Tech thinks wearables are the gateway to artificial intelligence, but critics call it cringe stalkerware due to privacy concerns. Does AI belong on your face?
Dr. Dre and Jimmy Iovine believe artificial intelligence is good for music, arguing that corporate America isn't collaborative enough in leveraging new technologies. Dr. Dre and Jimmy Iovine Think A.I. Is Good for Music
An attack by what Ukrainian officials said was a Russian drone with an Nvidia chip presages a dystopian future of weaponry untethered from humans, raising questions about AI's role in modern warfare. A Drone Killed Three Ukrainians. It Was Guided Entirely by A.I.
Some of Russia's A.I. drones are powered by Nvidia Jetson Orin devices, which the tech giant says it does not sell in Russia but are widely available on resale markets. Some of Russia's A.I. Drones Are Powered by Nvidia Microcomputers, Ukrainian Officials Say
Healthcare and Consumer Goods
The maker of Clear Eyes Maximum Itchy Eye Relief voluntarily recalled the drops because of a "lack of assurance of sterility" according to federal safety regulators. Maker of Clear Eyes Recalls Nearly 40,000 Bottles Over Contamination Risk
Federal safety regulators said the maker of Clear Eyes Maximum Itchy Eye Relief voluntarily recalled the drops because of a "lack of assurance of sterility." Maker of Clear Eyes Recalls Nearly 40,000 Bottles Over Contamination Risk
Education and Cultural Affairs
Should we still teach Huckleberry Finn in schools? One reporter traveled to understand how it is taught now amid ongoing debates about race and curriculum. Should We Read 'Huck Finn'?
I traveled around the country to find out if "Adventures of Huckleberry Finn" still has a place in the classroom amid ongoing controversies about race and literature. How Should 'Huckleberry Finn' Be Taught?
Legal and Regulatory Enforcement
A U.S. Marines drill with South Korea was canceled, citing Iran war demands as military resources were redirected to other priorities in the region. U.S. Marines Cancel Drill With South Korea, Citing Iran War Demands
The move to call off the high-profile event was communicated in June, South Korea said, as President Trump shortened another joint military exercise earlier this month. U.S. Marines Cancel Drill With South Korea, Citing Iran War Demands
California Attorney General Rob Bonta also wants Paramount to commit to keeping its movie studio separate from Warner Bros. as part of merger discussions. California Expected to Seek TV Channel Sales From Paramount-Warner
The attorney general of California, one of 12 states suing to block the $111 billion deal, accused Paramount of leaking and misrepresenting earlier settlement discussions. California Cancels Talks With Paramount Over Warner Bros. Merger
Federal investigations of Mark Walter's business empire have put a spotlight on private-equity-owned insurers that invest premiums in risky assets. Los Angeles Dodgers Owner's Troubles Roil Insurance World
Rich Moore helped organize the flow of money to Walter from insurers, arrangements that are now under federal scrutiny. Mark Walter Lieutenant Was Key to Dodgers Owner's Complex Lending Machine
Environmental and Climate Issues
An unusual weather pattern and dried out peatlands, a kind of wetland, have been behind some of Indonesia's worst fire seasons, with this year potentially being one of the worst. As El Niño Dries Indonesia, Wildfires Intensify
The unusual weather pattern and dried out peatlands have been behind some of the country's worst fire seasons. As El Niño Dries Indonesia, Wildfires Intensify
European gas prices will likely need to rise above €100 a megawatt-hour in December for the continent to rebuild enough inventory to last the winter, according to Goldman Sachs's assessment of energy security needs. Goldman Says Europe May Need €100 Gas to Build Winter Inventory
Developed nations are increasingly balking at the cost of measures to cut down on fossil fuels, with the EU delaying its own green goals amid climate cost concerns. Europe Chastised Trump's Climate Rollback. Now It's Delaying Its Own Green Goals.
Financial Services Innovation
A South African conglomerate's telecommunication units raised 14.4 billion rand ($900 million) to expand its broadband services in the continent's biggest economy. Vox, Frogfoot Raise $900 Million in South Africa Broadband Push
Greater access to satellite systems means the continent can now utilise more data than ever, as African nations accelerate into the space race. Africa joins the space race
Yahoo's vintage web name can help draw younger users as the company aims to win over Gen Z with AI tools. Yahoo, the internet's 'OG', wants to win over Gen Z
Real Estate and Infrastructure
Even after sunset, there will be little relief as much of the South is expected to remain above 80 degrees for several nights in a row during the dangerous and prolonged heat wave. Heat Dome to Bring Dangerous and Prolonged Heat Wave to Southern States
A century ago, Mexican American families came together to build an adobe church near the border. Can its bell toll again as the wall expansion nears? In West Texas, Trump's Border Wall Collides With Latino History
Decades ago, Arizona won funding for a massive Colorado River project by agreeing to be first in line for cuts at a time of deep drought. The Trump administration says that time has come for water allocations. America's Desert Metropolis Is on the Short List to Lose Water
Used condominium prices in central Tokyo fell for the third straight month in July, suggesting to some experts that the market is in a correction stage after a period of record gains. Tokyo Used Condo Prices Drop for Third Month in Correction Sign
Consumer Trends and Lifestyle
As wedding spending rises, brides are borrowing from the celebrity-influencer playbook, finding sponsors to pay for invitations, dresses and bachelorette parties. Some Take On Debt for Their Weddings. These Brides Are Making Money.
Bars in this city with some 160,000 college students are cracking down on patrons with fake IDs to protect their costly liquor licenses. Boston Taking Extreme Measures to Combat Underage Drinking
At a conservative center for women leaders, interns told stories about their lives. One said a male classmate told her, "I don't know if women should be lawyers." These Conservatives Want to Be Working Moms. The Manosphere Disapproves.
A governor's race, a Senate contest and enough congressional contests to swing control of the House are all in play in Ohio, where voters of all stripes express a deep sense of powerlessness. Angry Ohio Voters Could Turn Their State Purple Again
International Trade and Commerce
U.S. Trade Representative Jamieson Greer laid out details of what the United States offered to Canada before talks crumbled, revealing the specific terms that failed to bridge the gap. Trump's Top Trade Representative Details Offer That Canada Rejected
Collapse of talks threatens to raise prices even higher months before midterm election, with tariffs taking effect as the trade dispute escalates. Trump accused of risking more pain for Americans with Canada trade war
Buoys, dog muzzles, capes, national flags and base metal statuettes from Canada are now more expensive for U.S. shoppers under Trump's 50% tariffs. What Canadian Goods Will Take Trump's 50% Tariffs? Some Pretty Strange Items.
Energy Transition and Infrastructure
UK energy companies are on alert after 'Iran-linked hackers' shut down a 'peaker' plant, with security chiefs briefing energy bosses with 'advice, direction and next steps' following the cyber attack. UK energy companies on alert after 'Iran-linked hackers' shut down 'peaker' plant
Shell draws Exxon interest in $8bn US chemical assets sale, with US supermajor and Lyondell Basell among suitors as the UK group looks to shed underperforming plants. Shell draws Exxon interest in $8bn US chemical assets sale
The state-backed company set up to oversee Indonesia's vast commodity industry aims to strengthen oversight of export flows, including a plan to track ships serving the world's largest archipelago. Indonesian Commodity Oversight Plan to Include Ship-Tracking
State-owned Danantara Sumberdaya Indonesia's role is to monitor the resources market and maintain the flow of exports, not to take ownership of goods, according to CEO Luke Mahony. Inside Indonesia's Push to Boost Commodity Market Credibility
Bangladesh is seeking additional liquefied natural gas cargoes as the Iran war continues to disrupt flows through the Strait of Hormuz, expanding its import requirements. LNG WRAP: Bangladesh Seeks More Cargoes as Iran War Drags On
European gas prices will likely need to rise above €100 ($117) a megawatt-hour in December for the continent to rebuild enough inventory to last the winter, according to Goldman Sachs Group Inc. Goldman Says Europe May Need €100 Gas to Build Winter Inventory
Technology Hardware and Components
China's flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country's biggest share sales by a semiconductor maker in years. Chinese Chip Maker YMTC Seeks $4.9 Billion IPO
Zijin Mining Group Co. said its full-year copper production target was under pressure due to flooding at a major Congolese mine, adding to global supply concerns as the metal trades near a record high. Zijin Says Copper Target Under Pressure After Congo Mine Flood
Australia's biggest lithium producer PLS Group Ltd. flagged a supply shortfall of the battery metal and said it was nearing a final investment decision on expanding its capacity. Lithium Miner PLS Group Bullish on Price Outlook, Eyes Expansion
The tech giant says its Nvidia Jetson Orin devices do not sell in Russia, but they are widely available on resale markets, making them virtually impossible to track once purchased. Some of Russia's A.I. Drones Are Powered by Nvidia Microcomputers, Ukrainian Officials Say
An attack by what Ukrainian officials said was a Russian drone with an Nvidia chip presages a dystopian future of weaponry untethered from humans, raising questions about AI's role in modern warfare. A Drone Killed Three Ukrainians. It Was Guided Entirely by A.I.
Venture Capital and Private Equity
A hedge fund is taking on Baillie Gifford in a new board battle, with activist investor Boaz Weinstein's fund waging a campaign against UK investment trusts. Hedge fund Saba takes on Baillie Gifford in new board battle
Partners Group will exit its private credit investment in Gong Cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month. Partners Group Exits Bubble-Tea Brand Gong Cha After Bain Buyout
UBS has concerns over private markets push by manager of $1 billion sustainable finance fund, with ties between the Swiss bank and Record souring but UK partner remaining as manager. UBS concern over private markets push by manager of $1bn sustainable finance fund
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
Corporate Earnings and Financial Results
PDD's second-quarter revenue missed expectations as the company navigated fierce domestic competition and increased regulatory pressure in the Chinese e-commerce market. Temu Owner's Profit Falls but Beats Expectations
Shares in Regal Partners fell after the company said its chief investment officer for long short equities Phil King would transition to retirement, marking the exit of one of Australia's most high-profile fund managers. Hedge Fund Manager Phil King to Retire From Regal Partners
A portfolio manager at Fidelity International Ltd. has doubled his fund's gold holdings over the past three weeks, citing increasing uncertainty over U.S. Federal Reserve policy as a catalyst for the precious metal's advance. Fidelity Fund Doubles Gold Holdings on Uncertainty Over Fed
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive
International Banking and Finance
Citigroup Inc. has tied up with Axis Bank Ltd. to finance non-resident Indians investing in foreign-currency deposits with the local lender, expanding cross-border financial services. Citi and Axis Team Up on Leveraged India Dollar Deposit Boom
Indian government bonds drew the biggest foreign inflows in more than seven years, helped by a stronger rupiah and expectations that the central bank will keep interest rates steady following a 10-basis-point cut. Indonesian Bonds Draw Highest Inflows Since 2019 on Rupiah Gains
A JPMorgan Chase & Co. unit facing allegations of non-compliance from India's market regulator is likely to contend that the issue was technical in nature rather than manipulative. JPMorgan Unit to Argue Any India Regulatory Breach Was Technical
Global Commodity Markets
Zijin Mining Group Co. said its full-year copper production target was under pressure due to flooding at a major Congolese mine, adding to global supply concerns as the metal trades near a record high. Zijin Says Copper Target Under Pressure After Congo Mine Flood
Australia's biggest lithium producer PLS Group Ltd. flagged a supply shortfall of the battery metal and said it was nearing a final investment decision on expanding its capacity. Lithium Miner PLS Group Bullish on Price Outlook, Eyes Expansion
Bangladesh is seeking additional liquefied natural gas cargoes as the Iran war continues to disrupt flows through the Strait of Hormuz, expanding its import requirements. LNG WRAP: Bangladesh Seeks More Cargoes as Iran War Drags On
European gas prices will likely need to rise above €100 ($117) a megawatt-hour in December for the continent to rebuild enough inventory to last the winter, according to Goldman Sachs Group Inc. Goldman Says Europe May Need €100 Gas to Build Winter Inventory
The Rausing family, which made a fortune from Tetra Pak cartons, sold more than $1 billion of U.S. equities in the second quarter, joining the global rich that are trimming bets in the world's biggest economy. Tetra Pak Tycoons Slash US Stocks in $17 Billion Portfolio
Used condominium prices in central Tokyo fell for the third straight month in July, suggesting to some experts that the market is in a correction stage after a period of record gains. Tokyo Used Condo Prices Drop for Third Month in Correction Sign
Vietnam's parliament approved raising the total investment in a railway linking the country to China by just over 86 trillion dong ($3.3 billion) as delays in land clearance push the project behind schedule. Vietnam Approves Extra $3 Billion for Delayed China Rail Link
Vietnamese stocks may be poised to shake off a lackluster year after securing a bigger-than-expected weighting in FTSE Russell's semi-annual index review. FTSE's Reshuffle May Give Vietnam Stocks a $3 Billion Boost
Indian government bonds drew the biggest foreign inflows in more than seven years, helped by a stronger rupiah and expectations that the central bank will keep interest rates steady following a 10-basis-point cut. Indonesian Bonds Draw Highest Inflows Since 2019 on Rupiah Gains
Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent's new fiscal plan to address the highest borrowing costs in years. Hedge Funds Ramp Up Dollar Shorts Into Bessent's Fiscal Plan
Carry trades are riding high on Wall Street as investors bet the dollar will weaken, with this popular but often risky strategy gaining momentum in current market conditions. Carry Trades Are Riding High on Wall Street
A Hedge fund is taking on Baillie Gifford in a new board battle, with activist investor Boaz Weinstein's fund waging a campaign against UK investment trusts. Hedge fund Saba takes on Baillie Gifford in new board battle
Partners Group will exit its private credit investment in Gong Cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month. Partners Group Exits Bubble-Tea Brand Gong Cha After Bain Buyout
UBS has concerns over private markets push by manager of $1 billion sustainable finance fund, with ties between the Swiss bank and Record souring but UK partner remaining as manager. UBS concern over private markets push by manager of $1bn sustainable finance fund
The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields. Pimco Expects Elevated Term Premium, Says Bonds Attractive