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Iran claims discovery of 7.5 trillion cubic feet of natural gas
New field in Fars province holds over 212 billion cubic meters of gas, with 5.7 trillion cubic feet deemed recoverable. Oil minister cites 'sweet' gas quality to reduce costs.
Iran warns U.S. of economic retaliation amid escalating sanctions
Tehran cautions Washington over potential blowback from stricter trade restrictions, as Trump administration prepares to unveil sweeping measures. Iranian officials vow reciprocal measures against regional oil exporters.
Turkey’s central bank to restart one-week repo auctions
The Turkish central bank will resume weekly repo operations at its 37% policy rate, ending a suspension tied to inflation risks from regional conflict. Governor Fatih Karahan said conditions had improved.
AfD leads polls in Saxony-Anhalt election as far-right eyes federal power
Far-right Alternative for Germany holds 41% support in state vote set for Sept. 6, ahead of CDU at 24%, as party eyes first government role and broader national ambitions.
Bernstein sees Hershey-Mondelez tie-up as long-term option
Analysts model a potential Mondelez acquisition by Hershey, projecting EPS dilution or accretion depending on leverage and synergy targets. Governance hurdles remain significant.
Former UBS CEO backs Swiss regulator in dispute with bank
Oswald Grübel, ex-CEO of UBS and Credit Suisse, sides with Finance Minister Karin Keller-Sutter against UBS's pushback on stricter capital rules. He argues state oversight is essential to prevent systemic risk.
UBS downgrades Klarna to Neutral, cuts price target to $16
UBS downgraded Klarna's stock to Neutral from Buy and slashed its price target to $16 from $23, citing a guidance cut and executive departures. Shares fell 31% in a week.
Organon shares under pressure as Q2 earnings loom after Q1 miss
Drugmaker faces investor scrutiny as analysts project sequential earnings rebound despite YoY declines. Sun Pharma’s $11.75 billion bid looms over the company’s near-term outlook.
Citi lifts Nvidia target to $300, cites AI demand surge
Analyst raises price target on AI chip leader after forecasting revenue beats and stronger Blackwell GPU shipments. Citi also trims valuation multiple amid supply constraints.
Dollar outlook hinges on UST buybacks and Fed credibility, BofA says
Stronger U.S. Treasury buybacks and policy credibility concerns weigh on the greenback, with gold and franc outperforming as investors reassess dollar fundamentals.
Canada supplies 68% of U.S. aluminum imports in first half of 2026
Canadian exports met 68% of U.S. aluminum import demand in the first half of 2026, while total domestic production covered 95% of import needs. Washington weighs tariff reductions on Canadian metal.
Canada cannot fully replace U.S. aluminium imports, Morgan Stanley says
Even redirecting all Canadian production to the U.S. would leave a shortfall, as America relies on imports for 80% of its aluminium needs. A potential tariff cut may ease but not eliminate supply gaps.
BCA Research advises selling U.S. dollar against won, yen, euro
BCA Research recommends shorting the greenback versus the South Korean won, Japanese yen, Taiwan dollar, Singapore dollar and euro, citing falling U.S. real yields and weaker foreign portfolio inflows.
Trump disclosed over 1,000 stock trades in June, filings show
Former U.S. President Donald Trump executed trades worth between $78.1 million and $263.1 million in June alone, with Palantir, Berkshire Hathaway and Meta among the most active positions.
Trump’s June trades valued at up to $263 million, disclosure shows
More than 1,000 securities transactions were recorded in June, with holdings ranging from ETFs to individual stocks. Federal filings detail trades in Palantir, Berkshire Hathaway and Meta.
Alibaba plans $10.2 bln Hong Kong share placement, largest ever
The e-commerce giant's HK$80 billion follow-on offering would be the largest primary share sale by a Hong Kong-listed company. Proceeds will fund AI infrastructure expansion.
Pentagon removes leadership of U.S. military newspaper Stars and Stripes
Editor-in-Chief Erik Slavin and publisher Max Lederer dismissed; correspondent Lara Korte also removed after statements critical of Pentagon oversight. Changes follow appointment of a military deputy to oversee the newspaper.
Jefferies flags metals breakout risk on currency debasement concerns
Analysts initiate buy ratings on Canadian miners as fiscal deficits and currency risks drive early moves in gold and crypto. Copper and industrial metals seen as next in line.
CTA equity positioning returns to pre-Iran levels: BofA
Systematic trend-following funds have rebuilt equity exposure to levels last seen before the Iran conflict, with further gains possible if volatility continues to ease. BofA warns of potential $100 billion in global equity sales if markets turn bearish.
Nvidia server prices rise over 15% as memory costs surge
AI chipmaker Nvidia increases data center server prices amid soaring DRAM costs. Major cloud providers face higher expenses for systems shipping early next year.
Pound seen rising as yield gap with euro widens, UBS forecasts
UBS expects sterling to strengthen against the euro to 0.85 by late 2027, citing a 1.5 percentage point yield advantage and fading risk premiums. ECB’s final hike in September may reinforce the trend.
London Gas Oil holds near $1,241 as traders eye $1,328 resistance
London Gas Oil futures consolidate in a tight range ahead of a potential breakout above $1,260. Technical indicators suggest limited near-term momentum.
Bitcoin’s 2022 vs 2026 crash: Why this downturn differs materially
Institutional adoption has reshaped Bitcoin’s latest downturn, with corporate treasuries and pension funds accumulating during drawdowns—a shift absent in 2022’s liquidity-driven collapse.
Emerging market currencies hit fresh highs as dollar weakens
MSCI emerging market currency index rises 0.3% to extend eight-week winning streak, while equities gain 1.3% as U.S. yields rebound.