Forex
TikTok settles U.S. child privacy case for $400 million
ByteDance unit agrees to pay $300 million upfront and an additional $100 million to resolve claims it illegally collected data on users under 13. Settlement follows 2019 FTC action against predecessor Musical.ly.
German CDU leader urges EU tariffs on Chinese hybrid cars
Lower Saxony's CDU chairman calls for swift EU import duties on Chinese hybrid vehicles, citing subsidized competition and rising import pressure. Volkswagen's Wolfsburg base highlighted as regional concern.
Mexico expects trade deal with U.S. to mirror emerging U.S.-Canada pact
Mexican Economy Minister Marcelo Ebrard anticipates outcomes similar to ongoing U.S.-Canada negotiations. Talks focus on tariff pauses, automotive rules, and North American supply chains.
Brazil, U.S. discuss tariffs after Washington's 25% levy on Brazilian goods
Brazilian President Lula and former U.S. President Trump spoke by phone Friday to address U.S. tariffs on Brazilian imports. Brazil initiated consultations with Washington over the levies.
Latin American stocks, currencies rise as dollar weakens
Regional equities and FX indexes erase weekly losses on softer greenback and firmer commodity prices. Colombia’s Q2 GDP growth outpaces peers.
NATO chief convenes allies to assess Hormuz Strait navigation support
Supreme Headquarters Allied Powers Europe hosted talks to coordinate allied contributions for maintaining freedom of navigation in the Strait of Hormuz, a critical oil transit route.
Central banks hold most gold reserves at Bank of England, World Gold Council data shows
Survey finds 57% of central banks use the Bank of England as a foreign custodian for gold reserves, with Goldman Sachs estimating monthly purchases by official sector at 50 tonnes through 2026.
Euro and pound hit weekly peaks as dollar weakens; profit-taking eyed
EUR/USD rose to $1.1712 and GBP/USD to $1.3676 as Treasury yields fell and fiscal concerns weighed on the greenback. Analysis flags risk of intraday profit-taking before the U.S. open.
Dutch regulator fines Uber €825 million over automated driver suspensions
Regulator says Uber violated GDPR by using automated systems to suspend drivers without proper notification, with fine ranking as second-largest under EU data rules.
Milestone Pharmaceuticals launches Phase 3 trial for AFib nasal spray
Study evaluates etripamil nasal spray for rapid ventricular rate in atrial fibrillation, targeting 150 patients across North America and international sites. Primary endpoint measures reduction within 30 minutes.
Iran warns of 'devastating' response to new U.S. sanctions
Tehran vows military action as Washington prepares unprecedented financial penalties targeting the Islamic Republic's leadership.
Dollar dominance faces erosion as central banks diversify reserves
Gold demand rises as nations reduce reliance on U.S. Treasuries and explore alternatives to dollar-based trade settlements, according to analysis of long-term monetary trends.
Gold rebounds above $4,580 as capital shifts from Treasuries
The metal recovers key support as fixed-income uncertainty drives rotation into alternatives. ETF inflows and futures positioning reinforce the trend, though geopolitical risks linger.
BofA warns dollar could slump if U.S. bond intervention fails
Bank of America strategist Michael Hartnett cautions that Treasury Secretary Bessent’s efforts to cap 30-year yields risk backfiring, potentially triggering a dollar decline and risk selloff by year-end.
Swiss franc overtakes yen in carry trade as SNB cheers shift
The Swiss franc has become the preferred funding currency for new carry trades, displacing the yen as global investors seek lower volatility and stable yields. The shift benefits the SNB and Swiss exporters amid a fragile market backdrop.
China’s Q4 oil imports seen rising to 9.9 mln bpd as refiners seek alternatives
Chinese refiners’ crude purchases may rebound to near 10 mln bpd by year-end, but high prices and supply constraints limit gains from pre-war peaks. Analysts cite storage overhang and Middle East disruptions.
Bank of America flags NZD/USD as buy into Q4, sets 0.62 target
BofA recommends buying the New Zealand dollar versus the U.S. dollar at 0.5957, targeting 0.62 with a stop at 0.58, citing a hawkish RBNZ and USD policy risks.
Swiss wealth managers face high compliance costs under TBTF rules
Regulatory burdens for small Swiss asset managers under new rules exceed CHF 50,000 annually per firm, raising concerns over proportionality and transparency in Finma oversight.
Pierce Group posts Q2 2026 profit growth but shares fall 10% on outlook
Adjusted EBIT rose 6.3% to SEK 34 million as revenue hit SEK 537 million, yet shares dropped after management flagged ongoing transformation costs and a delayed rollout of its e-commerce platform.
Oil prices rise for second week as Iran tensions escalate
Brent and WTI crude advance on U.S. threats of sweeping sanctions against Iran and continued Ukrainian strikes on Russian refineries. Analysts warn of further upside risks.
Hormuz Tensions Reset the FX Carry‑Trade Landscape
Escalating US‑Iran friction and a near‑halt in Strait of Hormuz oil flows are reshaping risk sentiment, reviving safe‑haven funding currencies and forcing a rethink of high‑yield carry trades.
Corero unveils AI-enhanced DDoS protection for SmartWall ONE platform
Cloud-delivered AI analysis and threat intelligence added to Corero’s SmartWall ONE to automate policy recommendations and edge-based mitigation for enterprises and service providers.
U.S., Iran exchange threats as new sanctions near and Hormuz oil flows stall
Washington prepares sweeping measures against Tehran as ship traffic through the Strait of Hormuz collapses to multi-month lows. China accounted for over 80% of Iran’s seaborne oil purchases in 2025.
U.S., Iran escalate rhetoric as new sanctions set for Monday rollout
Washington and Tehran exchange threats ahead of Washington’s announcement of sweeping new economic penalties on Iran, while oil flows through the Strait of Hormuz remain near halt.