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World News Feed

Latest news from trusted sources around the world

Fed Hike Bets Mount Ahead of CPI Data, Warsh Hearing
Economy Bloomberg
Fed Hike Bets Mount Ahead of CPI Data, Warsh Hearing

Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve …

Deutsche Bank May Win Russia-Sanctions Lawsuit Against Linde
Economy Bloomberg
Deutsche Bank May Win Russia-Sanctions Lawsuit Against Linde

Deutsche Bank AG may win a legal battle in a dispute with a corporate client over who has to pick up the tap for losses …

Economy Financial Times
Wall Street to report bumper quarter as dealmaking returns

Resurgence in mega-mergers and the SpaceX IPO is expected to have generated total fees of about $11bn for six big banks

PBOC Boosts Liquidity to Smooth Tax Payments, Debt Issuance
Economy Bloomberg
PBOC Boosts Liquidity to Smooth Tax Payments, Debt Issuance

China’s central bank said it’s boosting longer-term liquidity injections through outright reverse repurchase agreements, a move expected to help companies and individuals handle upcoming tax …

Economy Financial Times
ECB recruits digital euro critics for pilot

Deutsche Bank, DZ Bank and Groupe BPCE among 36 institutions selected for test of digital currency next year

Economy Financial Times
UK borrowing costs hit highest level since May as oil surges

Ten-year yield back above 5% just days before Andy Burnham set to become prime minister

Economy Financial Times
Andy Burnham’s theory of government

His commitment to reining in outsourcing reflects his frustration at poor accountability

Economy Bloomberg
UNSW's Parker on US' 20% Cargo Toll in Strait of Hormuz

Jennifer Parker, Adjunct Fellow at UNSW Canberra, discusses the legality and diplomatic implications of the US blockade and 20 percent cargo toll in the Strait …

Economy Financial Times
China’s monthly car exports surge past 1mn as overall trade soars

World’s leading exporter now also second-largest importer, Beijing says

Japan’s 20-Year Bond Sale Demand Stronger Than 12-Month Average
Economy Bloomberg
Japan’s 20-Year Bond Sale Demand Stronger Than 12-Month Average

Japan’s 20-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying.

Economy Financial Times
Nvidia halves Asia buyer list in China chip crackdown

Tougher vetting in Singapore, Malaysia and Japan reflects Washington’s push to close export-control loopholes

Economy Financial Times
US launches air strikes as Iran targets tankers with cruise missiles

Donald Trump demands 20% fee on cargoes passing through Strait of Hormuz

China’s Crude Imports Plunge to Lowest in Nearly a Decade
Economy Bloomberg
China’s Crude Imports Plunge to Lowest in Nearly a Decade

Chinese crude oil imports fell sharply in June to near a decade low, hampered by war in the Persian Gulf and an abrupt slowdown in …

Economy Financial Times
China’s vast air clean-up marred by wartime coal power surge

FT analysis shows extent of enormous progress since ‘airpocalypse’ — and latest emissions increase

Economy Financial Times
Dr Reddy’s runs into trouble with its weight-loss drug

Also in this newsletter, the UK-India trade deal goes live this week

SK Hynix Slides More Than 20% in Two Days as AI Trade Unravels
Economy Bloomberg
SK Hynix Slides More Than 20% in Two Days as AI Trade …

SK Hynix Inc. extended its brutal selloff in Seoul on Tuesday, taking its two-day slump to more than 20% as a rout in global AI …

Economy Financial Times
Judge says Trump’s IRS lawsuit had no ‘basis in law or fact’

Ruling casts doubt on whether president and his family can benefit from immunity deal

Kospi Hits Lowest Since April, Oil Extends Gains: Markets Wrap
Economy Bloomberg
Kospi Hits Lowest Since April, Oil Extends Gains: Markets Wrap

Chipmakers led losses in Asian stocks on concern the AI-driven rally in global equities had run ahead of itself. Oil rose as the standoff between …

Economy Financial Times
Andy Burnham tells Labour MPs he will rein in Britain’s outsourcing industry

PM-in-waiting tells hustings he will appoint a ‘broad church’ ministerial team and bring government contracts in-house

Economy Financial Times
What will Burnham do on immigration?

Likely next prime minister is looking to satisfy calls for tougher borders while appealing to Labour’s liberal supporters

Wells Fargo’s Mike Mayo: Citi My Top Pick of Big Banks
Economy Bloomberg
Wells Fargo’s Mike Mayo: Citi My Top Pick of Big Banks

Investors are preparing for a significant earnings week as five of the six largest US banks, including JPMorgan, Citi, Wells Fargo, Bank of America, and …

After Biden Denied Alabama Coal Waste Bid, Trump Reverses Course
Economy Bloomberg
After Biden Denied Alabama Coal Waste Bid, Trump Reverses Course

The Environmental Protection Agency on Monday proposed to approve Alabama’s application to take over issuing certain coal waste permits from the agency, part of a …

Economy Financial Times
FirstFT: Investors cut back bets on Asia’s chipmakers

Also in today’s newsletter: companies turn to Chinese AI models to cut costs and Jane Fraser’s ruthless remake of Citigroup

Economy Bloomberg
Russian Billionaire Wins Fight to Boot Manager of Biotech Fund

Russian billionaire Dmitry Rybolovlev’s family trust prevailed in its effort to remove the manager of a bankrupt $2.5 billion venture capital fund it backed.

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