Breaking news & trusted journalism for your community
Finance
Attovia Therapeutics filed for an initial public offering and applied to list its shares on the Nasdaq Global Market under the ticker “ATTO.” The clinical-stage biopharmaceutical company develops next‑generation biologi…
Finance
Gold price surges by some 1.50% on Tuesday as US consumer inflation data came in below estimates, easing pressure on the Federal Reserve (Fed) to further tighten ahead of 2026. The XAU/USD trades at $4,050 after bouncin…
Finance
OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade r…
Finance
Standard Chartered economists Carol Liao and Hunter Chan note that China’s fiscal support softened in Q2 2026 after strong Q1 activity, leading to a sharp slowdown in infrastructure FAI similar to H2-2025. They expect t…
Finance
The New Zealand Dollar extended its rally, registering solid gains versus the US Dollar after the latest US inflation report, which tempered speculation of a Fed rate hike and trimmed investors' bets by half. At the tim…
Finance
EUR/USD trades higher near 1.1420 on Tuesday as the US Dollar (USD) weakens following softer-than-expected United States (US) inflation data. The Euro’s recovery remains mainly driven by broad Greenback selling rather t…
Finance
Commerzbank’s Dr. Henry Hao and Moses Lim note S&P Global Ratings affirmed Indonesia’s BBB sovereign rating with a stable outlook, citing fiscal discipline and adherence to the 3% deficit ceiling. Nonetheless, S&P views…
Finance
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media compan…
Finance
The Japanese Yen registers gains of over 0.31% against the US Dollar as traders trim hawkish bets following a softer-than-expected US inflation report. The USD/JPY trades at 161.93 after reaching a daily high of 162.48.
Finance
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Tuesday that the June Consumer Price Index (CPI) report was encouraging but cautioned against overreacting to a single month of data. Goolsbee spok…
Finance
The US Dollar Index (DXY) fell around 0.4% to 100.90 on Tuesday after softer-than-expected United States (US) inflation data weakened demand for the Greenback. The headline Consumer Price Index (CPI) declined 0.4% MoM i…
Finance
UOB’s Jester Koh raises Singapore’s 2026 GDP growth forecast to 4.8% from 4.0% after strong 1H26 performance, with manufacturing and electronics leading gains on AI-related demand. The note highlights risks from Middle …
Finance
The June Consumer Price Index (CPI) fell 0.4% on the month against consensus for a 0.1% decline, following May's 0.5% increase, and the annual rate dropped to 3.5% from 4.2%, well under the 3.8% forecast. Core prices we…
Finance
United States (US) President Donald Trump reiterated in a Truth Social post on Tuesday, “The Strait of Hormuz is open to ALL ship traffic except for Iran.” He added that the US would impose a “FULL Blockade” only on ves…
Finance
The USD/CHF tumbles by 0.70% on Tuesday, trading at 0.8093, as the latest US inflation report prompted market participants to pare hawkish bets that the Federal Reserve might cut the Fed funds rate this year.
Finance
Dr. Henry Hao at Commerzbank reports a strong upside surprise in China’s June trade data, with exports up 27% and imports 36% year-on-year, driven by global AI infrastructure demand. He notes booming external accounts c…
Finance
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hour…
Finance
A debate is boiling in South Memphis over whether the potential economic benefits of an artificial intelligence facility outweigh the pollution-related health impacts to residents. Many low-income communities elsewhere …
Finance
ING’s Warren Patterson and Ewa Manthey report that European natural gas benchmarks are rising as Middle East developments threaten LNG flows from the Persian Gulf. TTF has broken above EUR50/MWh and continues higher, wh…
Finance
Societe Generale notes Bank Indonesia’s (BI) reaction function is driven by the Indonesian Rupiah (IDR) and exchange rate stability. The report says the Rupiah faces pressure from a stronger US Dollar (USD) and hawkish …
Finance
While testifying on the Semiannual Monetary Policy Report before the US House Financial Services Committee, Federal Reserve (Fed) Chairman Kevin Warsh reiterated that the Fed is making a commitment on price stability an…
Finance
EUR/USD snaps a two-day losing streak on Tuesday as softer-than-expected United States (US) inflation data weighs on the US Dollar (USD) and prompts traders to scale back expectations of a near-term Federal Reserve (Fed…
Finance
Commerzbank’s Michael Pfister argues recent US Dollar strength rests on increasingly hawkish Federal Reserve expectations that may be overdone. With June US inflation seen slightly weaker than consensus and Oil prices l…
Finance
The AUD/USD pair trades 0.35% higher to near 0.6945 during the European trading session on Tuesday. The Aussie pair gains as the US Dollar (USD) underperforms its peers ahead of the United States (US) Consumer Price Ind…