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Iran warns US will ‘pay the price’ for civilian deaths in Qeshm
Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated the United States will ‘pay the price’ for the killing of civilians on the island of Qeshm, Aljazeera reports.
Japan Industrial Output Beats Expectations in June, Outlook Raised
Japan's June industrial production rose 1.3% month-on-month, surpassing the 0.7% forecast, while manufacturers significantly upgraded output projections for July and August.
U.S. Outlines Phased Hamas Disarmament Plan, Gaza Governance Shift
U.S. officials announced a condition-based plan to disarm Hamas in phases, beginning with police weapons, while considering a technocratic government for Gaza as an alternative to Hamas and the Palestinian Authority.
Saudi Arabia Forms 14-Nation Coalition to Protect Red Sea Shipping
Saudi Arabia and 13 other countries have announced a new international maritime coalition to safeguard freedom of navigation through the Bab al-Mandeb Strait, the Red Sea and the Gulf of Aden.
Gaza Peace Plan: Weapons Transfer to Begin with Police, Heavy Arms to Follow
A Board of Peace official stated that a Gaza peace initiative would start by transferring police weapons, then proceed to heavy weapons decommissioning, and require a full stop to military activity.
Gold Climbs Above $4,100 as Traders Scale Back Fed Rate Hike Wagers
Gold rose above $4,100 in early Asian trading Friday as markets scaled back Fed rate hike bets following unclear comments from Chair Kevin Warsh.
US Semiconductor ETF Trading Volume Surges to $50B Daily, Quadrupling Since January
Daily trading volume in US semiconductor ETFs hit $50 billion, more than quadrupling January 2025 levels, with a record $75 billion in June. The 20-day average stands at $38 billion.
Treasury Secretary Bessent: Yen 'Substantially Undervalued'
U.S. Treasury Secretary Bessent said the Japanese yen has overshot its equilibrium price and is very undervalued, adding he is not worried about a stronger yen.
HSBC Plans to Shut Australia Retail Unit, Recycle $0.3B FX Losses
HSBC expects to wind down its remaining Australian retail operations within 18 months. About $0.3 billion of foreign currency translation reserve losses will be recycled to the income statement, with net proceeds used for general corporate purposes.
HSBC to Sell A$36 Billion Loan Portfolio to Blackstone Unit
HSBC has agreed to sell its Australian home and personal loan portfolio valued at A$36 billion to a Blackstone subsidiary, with completion expected in the first half of 2027.
Geekplus Says FCC Prohibition Won't Materially Hit Business
Beijing Geekplus Technology states the FCC prohibition is not expected to materially affect its business or financials, with all US-sold robot models holding valid certifications.
U.S. and Ukraine Sign Drone Technology Pact for Military Testing
The U.S. and Ukraine signed an agreement allowing Ukraine to send drones to the U.S. for military testing, as confirmed by Ukraine's ambassador.
South Korea’s Leveraged ETF AUM Sinks $37 Billion, Down 70% From Peak
Assets under management in South Korean leveraged ETFs have tumbled by $37 billion, or 70%, from their record high just over a month ago, falling to the lowest level since early April.
U.S. Official Says Netanyahu Signed Trump's Gaza Plan in Follow-Up Talks
A senior U.S. official confirmed that Gaza was a key topic in Tuesday's meeting between Trump and Netanyahu, with a follow-up discussion involving Vice President Vance and envoy Witkoff. Netanyahu reportedly signed the president's 20-point plan and is expected to honor it.
U.S. and China Lay Groundwork for Trade Talks Ahead of Xi Visit
U.S. Treasury Secretary Bessent and China's Vice Premier He Lifeng discussed trade commitments and future deals in preparation for a possible Xi Jinping visit in September, Axios reports.
Iran Warns of Israeli 'False Flag' Ops Amid Regional Tensions
Iran’s foreign minister called Egypt a crucial ally, stressing both nations must stay vigilant against Israeli ‘false flag’ operations aimed at undermining regional stability.
China Politburo Meeting: Fiscal Execution in Focus, No Major Stimulus
China's July Politburo meeting acknowledged growth challenges but refrained from major new stimulus, focusing instead on accelerating fiscal spending and bond utilization for infrastructure projects.
Treasury Yields Rise, Dollar Weakens as Japan Intervenes to Boost Yen
Long-term Treasury yields continued to climb a day after the Fed held rates steady. The dollar weakened and the Japanese yen briefly surged following intervention by Japanese authorities.
US Economic Data Shows Resilience Amid Moderating Q2 Growth
Recent data indicate continued strength in the U.S. economy with solid consumer spending and business investment, even as second-quarter growth slowed.
Russian Missile Strikes US-Owned Drone Factory in Kyiv
A Russian ballistic missile reportedly destroyed a drone manufacturing facility in Kyiv owned by U.S.-registered company Terminal Autonomy, marking the first known attack on a U.S.-owned firm in Ukraine.
Oil Prices Key to UK Inflation Path, Rabobank Warns
Rabobank warns that oil prices are the dominant driver for UK monetary policy, as Brent already trades above the Bank of England’s central forecast.
Coinbase Reports 10.3% Market Share, CEO Sees Bitcoin ETF Outflows Stabilizing in Q3
Coinbase disclosed a trading volume market share of 10.3%, with its CEO saying the company continues to grow its share and that Bitcoin ETF outflows from Q2 have now stabilized in the third quarter.
Ongoing Hormuz Talks Could Unwind Oil Sanctions
Negotiations over the Strait of Hormuz with Oman remain active, and any agreement could pave the way for lifting a naval blockade and oil sanctions, an Al Jazeera reporter says.
Allianz Terminates PIMCO Employee Equity Plan with €1.4B Cash Buyout
Allianz has exercised its option to end the PIMCO M unit plan, buying outstanding units for at least €1.4 billion in cash.