Forex
UK watchdog opens drip pricing probes into Trainline, Virgin Atlantic, RED
CMA launches investigations into three firms over alleged failure to disclose mandatory fees upfront. Potential penalties include fines of up to 10% of global turnover.
US, Canada trade negotiators hold talks as tariff deadline looms
Trade officials meet after Trump paused 50% tariffs on $20 billion of Canadian goods, with auto tariffs and USMCA exemptions among key issues. A deal must be reached by Saturday to avoid new levies.
USD/CAD retreats as U.S.-Canada tariff threat eases on reported deal
Trump delays 50% tariffs on C$20 billion of Canadian goods and signals a deal, easing a key headwind for the currency pair. Keystone XL pipeline revival emerges as part of the agreement.
UK regulator probes Trainline over fee transparency practices
Competition watchdog opens investigation into how Trainline presents certain fees on its UK booking platform under the 2024 DMCCA. Trainline says it has already taken steps to improve transparency.
Vienna Airport lifts 2026 outlook on Malta, Kosice traffic gains
First-half profit rose 7% as regional airports offset Vienna hub declines. Full-year revenue and passenger targets raised on Malta and Kosice growth.
Novartis to present heart data at ESC 2026 Congress
Ten studies, including Phase 4 comparisons of Leqvio and new bleeding-rate data for Abelacimab, will be unveiled at the European Society of Cardiology meeting in August.
Japan’s yen interventions yield temporary relief as USD/JPY steadies near 155
Fresh currency interventions by Tokyo and Washington have pulled the yen back by 5% in two sessions, but analysts warn the moves may only delay, not resolve, structural pressures. The policy contradiction persists as US yields and carry trades remain supportive of dollar strength.
Canadian dollar edges lower as US tariffs delayed by three days
The loonie fell against the greenback after a last-minute reprieve on U.S. tariffs provided only temporary relief. Oil prices climbed on geopolitical tensions between UAE and Iran.
Biodexa hits midway point in Phase 3 FAP trial recruitment
Cardiff-based Biodexa Pharmaceuticals has enrolled 87 of 168 planned subjects in its Serenta trial, a registrational study of eRapa for familial adenomatous polyposis. The double-blind, placebo-controlled trial operates across 29 U.S. and European sites, with three Canadian sites to open.
UiPath unveils Maestro Flow to streamline AI agent workflows
New orchestration platform integrates coding agents, robots and APIs into unified workflows, with Lite version for simpler deployments. Available immediately via company website.
EUR/GBP gains as inflation divergence supports ECB rate expectations
UK inflation rise driven by energy costs while euro area shows stickier underlying pressures, narrowing sterling’s yield advantage. Analysis flags 0.8660 as next resistance.
Asia FX gains as U.S. Treasury yields fall; won hits one-year peak
Dollar index drops to three-month low as Treasury buybacks expand and Fed minutes flag inflation risks. South Korean won strengthens nearly 2% against the dollar.
Apple adjusts EU app fees to comply with Digital Markets Act
Changes target third-party apps distributed outside the App Store, effective Oct. 1. EU regulators welcome the move as a step toward compliance.
U.S. imposes sanctions on ICC president over Israel-related warrants
Washington targets top judges of the International Criminal Court with asset freezes and financial restrictions, escalating a long-running dispute over jurisdiction and warrants against Israeli officials.
Oil prices extend gains as Hormuz transit slows amid Iran-U.S. tensions
Brent crude and WTI rise for a fourth straight day as shipping risks mount in the Strait of Hormuz. Alternative export routes via Oman emerge as producers seek to bypass regional chokepoints.
Intapp unveils AI tools to streamline compliance and time tracking for professional services
New Celeste agentic AI solutions automate intake forms, conflict checks, and billable-hour compliance for firms already using Intapp's business acceptance and time-billing systems.
Trump delays tariffs on Canada to advance Keystone XL pipeline deal
U.S. president suspends planned 50% tariffs for three days as negotiators seek agreement on revived Keystone XL pipeline project.
EUR/USD breakout tests dollar’s yield-driven support amid Treasury buybacks
Dollar weakens after U.S. Treasury doubles long-end bond buybacks to $4bn, narrowing yield spreads with Germany. EUR/USD eyes 1.1785 after breaking above 200-day average.
Shanghai cuts mortgage down payment to 15% to revive housing demand
City reduces minimum down payment for second homes and offers subsidies up to 80,000 yuan as authorities roll out fresh measures to stabilize the property market.
Why the Swiss Franc Is Poised to Re‑Emerge as the Go‑To Funding Currency
After a rare yen intervention, traders are eyeing the franc’s zero‑rate environment as the next cheap carry, a shift that could reshape EUR/CHF and USD/CHF dynamics.
Swiss franc gains appeal for carry trades after yen intervention
Investors shift focus to the franc as a funding currency for carry trades following rare yen intervention. Swiss franc strengthens against the euro and dollar while rates remain at zero.
Trump halts 50% Canada tariffs for three days amid trade deal talks
U.S. president cites progress in negotiations with Canada after invoking Section 338 of the Tariff Act of 1930. Tariffs were set to take effect Wednesday morning.
Dollar steadies near multi-month lows as yields ease ahead of Fed minutes
U.S. currency hovers near two-month lows as Treasury yields retreat; investors await FOMC meeting minutes for policy signals amid softer economic data.
Oil prices climb to multi-month highs on Hormuz tensions
Brent and WTI futures rise as U.S.-Iran standoff over Strait of Hormuz disrupts shipping, while EIA reports unexpected crude inventory build.