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Brent Tops $91 as Hormuz Flow Risks Linger
Brent climbed above $91 a barrel and WTI traded above $84 as prospects dimmed for a quick restoration of full Strait of Hormuz flows.
WTI Steadies Near $84 as Trump Rejects Truce Extension
WTI crude is holding around $84.00 in early Asian trading as markets assess Middle East developments following reports that Trump rejected a truce extension.
Macron urges confidence in Europe as bloc logic returns
French President Emmanuel Macron said Europe should have confidence in itself as a source of independence amid a return to bloc-based geopolitics.
US Debt Interest Costs Hit Record $1.4 Trillion Over 12 Months
US interest expense on the national debt reached a record $1.4 trillion over the past year and is projected to keep rising.
BHP Says Copper Is Core Growth Engine as Demand Seen Rising to 50 MTPA by 2050
BHP views copper as the main driver of its growth, projecting copper demand to climb from about 34 MTPA today to more than 50 MTPA by 2050.
BHP guides FY27 WAIO costs at $20.25-$21.75/t; demand resilient
BHP expects WAIO unit costs of $20.25-$21.75 per tonne in FY27 and reported FY-end net debt of $8.7 billion. The miner said commodity demand remained resilient in FY26 despite the Middle East conflict.
Trump Says He Is Not Seeking Extension of Iran MOU
President Donald Trump said he is not interested in renewing the expiring agreement with Iran, according to Bloomberg.
Leveraged ETF Exposure Climbs to $420 Billion, Near Record Highs
US-listed leveraged ETF market exposure has risen to $420 billion, the highest since early July, after gaining more than $100 billion in three weeks.
BHP calls copper its growth engine, sees demand above 50Mtpa by 2050
BHP said copper is the main driver of its growth, with global copper demand projected to rise from about 34Mtpa today to more than 50Mtpa by 2050, and it expects China to keep producing roughly 1B tonnes of steel per year this decade.
APRA Keeps A$50M Operational Risk Add-On on Bendigo Bank
Australia's prudential regulator will maintain Bendigo Bank's existing A$50 million operational risk capital add-on, saying it is not satisfied the lender has addressed root causes of its risk-management deficiencies.
APRA imposes licence conditions on Bendigo and Adelaide Bank
Australia's prudential regulator has imposed licence conditions on Bendigo and Adelaide Bank after a Deloitte review found widespread non-financial risk management weaknesses.
Erdogan Urges Trump to Keep Iran Diplomacy Alive, Turkey Ready to Help
Turkey's president told Donald Trump that diplomacy with Iran should continue and said Ankara is ready to contribute. Separately, Turkish and Iranian foreign ministers discussed opening the Strait of Hormuz and maintaining the US-Iran ceasefire.
Erdogan Urges Trump to Keep Diplomacy With Iran, Criticizes Gaza Strikes
Turkey's president told Donald Trump that diplomatic talks with Iran should continue and said Ankara is ready to contribute, while accusing Israel of attacking Palestinians in Gaza.
Erdogan and Trump Discuss Bilateral Ties, Iran, Gaza and Defence Pact
The Turkish presidency says the leaders discussed bilateral relations, the wars in Iran and Gaza, and a defence pact involving Pakistan and Saudi Arabia.
Lavrov Says Russia and North Korea Are Fighting for a New World Order
Russian Foreign Minister Sergei Lavrov said Moscow and Pyongyang are fighting together to establish a new world order, with North Korean personnel helping drive Ukrainian forces out of Kursk, KCNA reported.
Weak China Activity Data Keep Stimulus Focus, TD Securities Says
Soft July data from China highlighted sluggish industrial output, subdued retail sales and weak fixed-asset investment, according to TD Securities, leaving growth risks and possible stimulus in focus.
US Treasury yields surge as 30-year hits 2007 high
US Treasury yields climbed on Friday, with the 30-year yield reaching its highest level since 2007 after weak retail sales data. Oil prices also remained elevated amid Middle East concerns.
Private Credit Markets Show Rising Signs of Stress
Wall Street Journal analysts say the private credit market is facing increasing stress as default rates climb and internal loan reviews flag tougher conditions.
China chip revenue hits record $245bn as global share rises
Chinese integrated circuit industry revenue rose 22% year-over-year in 2025 to a record $245 billion, with sales nearly doubling since 2020.
Nasdaq Plans Overnight Session and 23-Hour Trading
Nasdaq said it will introduce a new overnight trading session on December 6, 2026, and is working with regulators toward nearly continuous trading.
Anthropic Revenue Run Rate Reportedly Hits $65 Billion
Anthropic's revenue run rate reached $65 billion by the end of July, according to sources. The figure was reportedly shared with investors as part of a regular update.
North American Auto Officials See Tariff Options as Improvement Over 25% US Levy
Sources say some North American auto industry officials view either option as an improvement over the current 25% U.S. tariff on Canadian vehicles, citing 15% auto tariffs in Japan, South Korea and the EU.
US Offers Partial Tariff Relief on Canadian Autos
US officials have proposed deducting only US-specific value content from the 15% vehicle tariffs on Canada, while Canadian officials are pushing for all North American content to be excluded, sources say.
US and Canada Said to Discuss Cutting Auto Tariffs to 15%
The US and Canada are reportedly discussing a possible reduction in US auto tariffs to 15% from 25%, after value-content deductions, according to sources familiar with the talks.