China Prepares to Trim Oil Refining Sector
The Chinese government is planning to reduce the number of oil refiners and petrochemicals producers in the country…
ECB’s Rebel Voice Bows Out With Plea for Greater Transparency
Robert Holzmann (Bloomberg) — The European Central Bank’s most rebellious interest rate-setter has one last suggestion before he…
Japan’s SoftBank to invest US$2 billion in Intel as part of US push
SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort…
Emerging FX Edges Lower as Traders Look Ahead to Fed Symposium
South Korean 50,000 won banknotes at the Bank of Korea headquarters. (Bloomberg) — Developing-nation assets traded mixed Monday…
Canada Industry Minister Meets With Saab, Ericsson in Sweden
Canadian Industry Minister Melanie Joly (Bloomberg) — Canadian Industry Minister Melanie Joly is meeting with Saab AB and…
Israel’s Economy Unexpectedly Shrinks As War On Iran Takes Toll
Israel’s economy slumped in the second quarter as the country’s 12-day war with Iran imposed a total shutdown…
Central Bankers Flock to Jackson Hole at Pivotal Moment
(Bloomberg) — A big week is coming up for the Federal Reserve and central bank enthusiasts. The Kansas…
Applied Materials Suffers Worst Rout Since 2020 on China Woes
A technician works on a computer at the Applied Materials Inc. facility in Santa Clara, California (Bloomberg) —…
Volatility Gauges Sink to Year’s Lows Across Markets
(Bloomberg) — Across equity, bond and currency markets, gauges of volatility are slumping to their lowest levels of…
Oil Dips in Thin Summer Trading Ahead of Trump-Putin Meeting
Oil inched higher as investors weighed President Donald Trump’s deferral of lofty US tariffs on China Photographer: Angel…
Australia Set to Cut Rates, Stay Cautious on Policy Outlook
(Bloomberg) — Australia’s central bank is poised to deliver its third interest-rate cut this year as inflationary pressures…
How Switzerland’s tariff drama swung from hope to despair
(Bloomberg) — On July 4, as the US celebrated Independence Day, Switzerland’s top circle of ministers also had…