US and Venezuela in Talks Over Long-Term Oil Access Deal
Washington and Caracas are discussing a deal to grant US companies long-term access to Venezuelan oil reserves.
Economy
Iran to Present Conditions for Reopening Strait of Hormuz, Official Says
Iran's top security official says Tehran is drafting conditions for reopening the Strait of Hormuz, with ending the regional war among the key demands.
US Regulators Finalize Definitions for Unsafe Banking Practices
US bank regulators have finalized rules defining 'unsafe and unsound' practices, giving examiners clearer guidance for the first time.
US bank regulators to shift enforcement focus to material financial risks
US banking regulators will announce rules Thursday narrowing enforcement to material financial risks, per FT.
Brazil's Central Government Posts July Primary Surplus of $2.1 Billion
Brazil's central government recorded a 10.8 billion reais primary surplus in July, aided by a calendar effect that cut expenditures sharply.
Oil prices jump as Trump rejects return to Iran ceasefire terms
Brent crude rose 2.5% to $90.02 after reports said Trump won't revive the June Iran deal, dimming hopes of a diplomatic breakthrough.
Brazil's Oil Export Tax in Legal Limbo as Court and Government Clash
Brazil's 12% oil export tax faces an uncertain future after a court injunction and a government extension conflict.
Trump to Host Refiners, Fuel Retailers as Iran Conflict Drives Up Gas Prices
President Trump plans to meet U.S. refiners and fuel retailers next week to discuss lowering gasoline prices amid Iran-related market pressures.
Strait of Hormuz shipping at near standstill as tanker hit reported
Shipping through the Strait of Hormuz is nearly halted after a tanker was struck, while Qatar and Pakistan pursue diplomatic solutions.
Le Pen woos business chiefs at first French presidential debate
Le Pen promises spending cuts at MEDEF debate; rivals trade barbs over debt, pensions, and immigration.
EU maize output forecast slashed to 19-year low on heat, drought
The European Commission has cut its EU maize production forecast for 2026/27 to 50.1 million tonnes, a 19-year low, citing severe summer heat and drought.
West Bank Potters Keep 400-Year-Old Craft Alive Amid Economic Pressures
A Palestinian family in the occupied West Bank preserves a 400-year-old pottery tradition, facing economic challenges yet keeping the craft alive.
Russian farmers sceptical of grain export rescue, urge sowing cuts
Russian farmers and analysts doubt government measures to revive grain exports amid Black Sea disruptions, calling for sowing cuts to ease domestic oversupply.
Trump Expands Beef Imports in Bid to Ease Record-High Prices
President Trump signed an order to temporarily boost lean beef trimmings imports at lower tariffs, aiming to reduce high consumer prices.
Israel's October Vote Could Swing Shekel by Up to 3%
JPMorgan estimates Israel's October 27 election could move the shekel up to 3% either way, with an opposition win seen as likeliest.
Iran Faces Economic Strangulation as US Pressures Trade Partners
US threatens sanctions on nations trading with Iran, following UAE's suspension. China's role and regional partners' responses are critical.
Le Pen seeks to calm business fears ahead of French presidential debate
Marine Le Pen tells French business leaders not to fear her party's plans, as polls show her leading the presidential race and markets turn jittery.
Fed Officials Warn Inflation Still Stubborn as Jackson Hole Begins
Two Fed officials warn inflation remains sticky, with rate policy seen as not restrictive enough, as central bankers gather in Jackson Hole.
Rouble slides past 86 per dollar as tax support fades
Russia's rouble fell over 2% against the dollar and yuan on Thursday, hitting multi-month lows as tax-related support faded amid rising imports and lower oil prices.
Canada Welcomes US Signal That French-Language Rules Are Not a Trade Deal Breaker
Canada's trade minister welcomes US clarification that French-language rules are not a deal breaker, easing tensions after tariff standoff.