Moody's Upgrades Pakistan's Sovereign Rating to B3, Cites Improved Governance
Moody's raises Pakistan's sovereign rating to B3 from Caa1, citing better governance and reduced external risks.
Economy
France braces for tough budget talks as bond yields hit 2008 high
French government signals rigorous budget negotiations as borrowing costs climb, ruling out tax increases while targeting deficit reduction.
Warsh's Jackson Hole debut shadowed by bond market turmoil
Fed Chair Kevin Warsh's first Jackson Hole speech comes amid bond market stress, Treasury intervention, and questions about his policy stance.
Central Bankers Meet at Jackson Hole Amid War, Bond Market Turmoil
Top central bankers meet at Jackson Hole amid the Iran war's sixth month, bond market stress, and fresh inflation data.
China Urges Restraint as Gulf Tensions Reach Critical Point
China's top diplomat urges de-escalation in the Gulf, warning against repeating old conflict patterns.
Pakistan Army Chief in Tehran as US Unveils 'Economic D-Day' Against Iran
Pakistan's army chief visits Tehran to mediate as the US prepares sweeping sanctions on Iran's trade partners, prompting threats to Gulf oil exports.
China's Iranian Oil Imports Slump as US Sanctions Bite
Chinese imports of Iranian crude have fallen sharply since US sanctions were renewed, though Beijing remains the top buyer.
US Debt Interest Burden Threatens Social Programs, Finance Expert Warns
US interest payments on $40T debt now consume 20% of the federal budget, risking cuts to social programs, says finance expert.
Kremlin Moves to Shield Grain Exports From Ukrainian Strikes
The Kremlin announced measures to minimize the impact of Ukrainian strikes on Russia's grain export infrastructure.
Iranian rial plunges past 2 million per dollar, tracking sites show
Iran's rial fell to a record low of over 2,000,000 per US dollar on Monday, according to free-market tracking websites.
Rhine water levels recover after rain, easing shipping bottlenecks
Rain has raised Rhine water levels, letting ships load more freight, but shallow spots remain a challenge for German industry.
Uniper fills 70% of contracted gas storage despite market headwinds
Uniper has filled 70% of its contracted gas storage despite challenging market conditions, CEO Michael Lewis confirmed Monday.
Six EU States Seek September Talks on Windfall Tax for Oil Firms
Six EU finance ministers ask Ireland to add oil windfall profit taxation to the September agenda, citing surging prices and public discontent.
Iran's rial plunges to record low as US readies 'economic D-Day' sanctions
Iran's rial fell to a record 2.02 million per dollar on Monday as Washington prepares new sanctions, deepening economic strain from war and blockade.
Swiss Industry Warns US Tariff Gap With EU Threatens Export Competitiveness
Swiss manufacturers face a 2.5-point tariff disadvantage vs EU rivals in the US, with many absorbing costs and warning of severe risks if the gap widens.
Ukraine's Weekly Grain Exports Slip 11.4% as Black Sea Risks Persist
Ukraine's weekly grain exports fell 11.4% to 188,200 tons as Black Sea port disruptions continue to curb shipments.
UK economy shows surprising strength ahead of first budget
UK services PMI hits six-month high, consumer confidence at two-year high, retail trend strong, but inflation and deficit remain risks.
Norway to Push Arctic Drilling Despite EU Moratorium Push
Norway will continue Arctic oil and gas exploration regardless of EU policy, citing energy security and its role as Europe's top gas supplier.
Middle East markets brace for US Iran sanctions, Hormuz shipping data
Global markets await US Iran sanctions details; Gulf stocks gain on oil; Hormuz transits fall; regional developments in Gaza, Syria, Iraq, and more.
Thailand urged to create central authority for data centre boom
Thailand's planning agency recommends a central authority to oversee data centres, boost local participation, and enforce environmental standards.