Gold Climbs to Two-Month High as Markets Await US Inflation Data
Gold prices rose for a third straight session, reaching a two-month high, as investors focused on upcoming US inflation data for clues on the Fed's rate path.
Economy
US officials target supply chain gaps as foreign manufacturing investment rises
US officials are working with foreign investors to strengthen domestic supply chains, with Hanwha Philly Shipyard pledging $5 billion in investment.
Oil prices steady as US-Iran talks stall over compensation demand
Oil steadies near one-week highs as US-Iran peace deal hopes fade; Trump demands compensation, complicating Hormuz reopening.
JPMorgan to sustain Asia-Pacific hiring as corporate bank revenue surges
JPMorgan will keep hiring in Asia Pacific at a similar pace in 2027, after regional corporate bank revenue grew over 20% this year.
Hims & Hers posts wider loss as branded weight-loss drugs lift costs
Hims & Hers' shift to branded obesity drugs widened its Q2 loss, but the company raised its full-year revenue forecast.
Singapore Q2 GDP Jumps 5.9%, 2026 Outlook Raised on AI Investment Surge
Singapore's economy grew 5.9% year-on-year in Q2 2026, beating estimates, prompting a sharp upgrade to the 2026 growth forecast on AI-driven demand.
Libya's NOC threatens force majeure, refinery halt over drone strikes
Libya's NOC warns it may halt Zawiya refinery operations and declare force majeure after repeated drone attacks on oil infrastructure.
Ukraine eases currency controls in biggest reform since 2022 invasion
Ukraine's central bank announced its most significant currency liberalisation since the 2022 invasion, raising limits on foreign currency purchases and cash withdrawals.
Trump adds reparations demand as Iran-Hormuz talks stall
Trump demands Iran pay reparations for past deaths and damage, dimming prospects for a deal to reopen the Strait of Hormuz.
Blaze hits diesel tank at Libya's Zawiya refinery, state firm says
A diesel tank at Libya's Zawiya refinery caught fire after being struck; state firm declares emergency and calls for investigation.
Houthi Strike on Yemen's Mokha Port Kills 7, Wounds 30
A Houthi attack on Yemen's Mokha port killed seven and injured 30, with video showing extensive damage to boats and warehouses.
Latin American Markets Mixed as Investors Await US Inflation Data
Latin American stocks and currencies were mixed on Monday as investors weighed US inflation data and Middle East tensions, while Colombia's market rebounded after a deadly earthquake.
Trump Extends Jones Act Waiver for 90 Days to Ease Energy, Fertilizer Shipments
President Trump has extended the Jones Act waiver for 90 days, allowing foreign ships to move energy and fertilizer between U.S. ports.
Oil prices surge 4% as Iran-US standoff over Hormuz deepens
Oil jumps over 4% as Iran and US trade demands, dimming hopes for a quick deal to reopen the Strait of Hormuz.
Trump Demands Iran Pay Compensation as Hormuz Deal Hopes Dim
Trump demands Iran compensate victims of attacks and protests, complicating talks over reopening the Strait of Hormuz.
England drought spreads to 71% as heatwave persists
England's drought now covers 71.3% of the country, affecting 45 million people, with 27 million under water restrictions.
Rhine River Drought Threatens Key German Shipping Route
Prolonged drought in Europe is set to make a key stretch of Germany's Rhine River impassable for commercial ships.
Oman Oil Spill From Grounded Tanker Spreads Across 390 Sq Km
Oman reports a 390 sq km oil slick from the grounded Caroline Bezengi near the Hallaniyat Islands nature reserve.
OPEC Output Rises Again in July as Gulf Producers Restore War-Shut Supplies
OPEC's July output rose 1.17 million bpd to 19.85 million, led by Iraq and Kuwait, as Gulf producers restored supplies disrupted by the Iran war.
Brazil's Pix mulls global links as US tariffs loom
Brazil's central bank is exploring international connections for Pix, its dominant instant payment system, as the platform faces US trade scrutiny and new tariffs.