Forex
Asian Currencies Slip as Dollar Strengthens, Yen Holds Near Seven‑Month High
The U.S. dollar gained against most Asian peers after August inflation data raised expectations of a Federal Reserve rate hike, while the Japanese yen remained close to its strongest level since February. Markets also priced in a potential Bank of Japan tightening as oil prices rose on Middle East supply concerns.
Kühne+Nagel expands Frankfurt airport’s pharma logistics hub
The logistics group has opened a 3,500-square-meter healthcare facility at Frankfurt Airport, boosting capacity for temperature-sensitive pharmaceuticals and medical supplies.
RingCentral Expands AI Integration with ChatGPT Plugin and Claude Connectors
RingCentral Inc. introduced AI-powered tools to enhance customer engagement and operational efficiency by embedding voice, SMS, and chat data into large language models.
US, China Hold Trade Talks Ahead of Trump-Xi Summit
Senior officials meet at JPMorgan Chase HQ to discuss tariffs, critical minerals and AI guardrails before a Trump-Xi summit expected later this week in Washington.
Dollar strength, Fed hike push yen to one-week low
As the U.S. dollar index rose 0.4% to 99.89, Asian currencies showed mixed performance amid a hawkish Federal Reserve stance and elevated Treasury yields.
Plurilock, ADGA Team Up for Canada’s CPCSC Cyber Certification Support
Plurilock Security Inc. and ADGA Group Consultants Inc. announced a two-year collaboration to assist organizations in achieving Canada’s mandatory CPCSC cybersecurity certification.
Cabral Gold hits milestone with first gold pour at Brazil’s Cuiú Cuiú mine
Approximately 1,130 ounces produced as dry circuit completes ahead of schedule; Phase 1 aims for 3,000 tonnes/day by end-2026
Turkey Revokes Mellat Bank License as Regional Tensions Escalate
Banking sanctions tighten alongside renewed military operations; Iran outlines conditions for talks with the US.
Dollar Strengthens to Seven-Month High, Asian Currencies Come Under Pressure
The U.S. dollar index climbed to 99.39 as the 10-year yield briefly touched 5%, while crude oil's surge and rising Fed rate-hike expectations weighed on Asian currencies.
BioLineRx, Hemispherian to Showcase GLIX1 Data at Neuro-Oncology Conference
The oral drug candidate GLIX1, developed under a collaboration between BioLineRx and Hemispherian, is set to demonstrate preclinical efficacy at the EANO meeting in Rome.
From Gold to Floating Rates: A Brief History of the Forex Market
The modern forex market as we know it is younger than most people assume. For decades, currency values were pegged under the Bretton Woods system, established in 1944, which tied major currencies to the US dollar, itself…
Gold rises to $4,328 as traders brace for Fed rate decision
Spot gold gained 0.8% to $4,328.39 as investors awaited the U.S. Federal Reserve's upcoming policy meeting, while oil prices eased.
Major Novartis shareholder calls for board shake-up following back-to-back Phase 3 drug trial setbacks
A major shareholder of Novartis has urged a board overhaul after the company suffered consecutive failures in Phase 3 clinical trials.
Swiss Market Open Under Pressure as US Futures, Oil Rise and FX Shifts Dominate
Asian markets and Swiss equities face headwinds from rising Brent crude, US futures declines and expectations of Fed rate hikes.
Teva Prices $4.9 Billion Senior Notes Offering
Teva Pharmaceutical has priced a $4.9 billion senior notes offering through five tranches across three funding subsidiaries, with settlement expected around September 16, 2026.
NuRAN Wireless Tests Maritime Fleet Connectivity Pilot
The telecoms infrastructure firm expands into maritime logistics with a pilot assessing private network solutions for ship monitoring and tracking.
China's AI Leaders Stay Quiet as U.S. Firms Sound Alarm on Risks
While American executives call for AI development pauses, Chinese companies and regulators press ahead with commercialization and governance frameworks.
GBP/USD slides as U.S. PPI fuels dollar strength ahead of FOMC
Sterling recovers slightly from earlier gains but remains pressured by hot U.S. inflation data and ECB rate hike, while Brent crude spikes on Middle East tensions.
GBP/USD Drops 0.33% as BoE Rate Hike Expectations Rise
Sterling declines as BoE rate hike bets build, with Brent crude surging above $105 a barrel. U.S. PPI data shows energy prices driving inflation.
China Probes Four Online Travel Booking Platforms Over Fair-Competition Concerns
Beijing opened investigations into Hangzhou Taomei, Tongcheng, Tujia and Sankuai over suspected practices harming competition and merchant rights, following a July fine on Trip.com.
Brazilian Dollar Slides to R$5.1065, Lowest Since August
Spot exchange rate drops 0.91% as Brazil’s foreign reserves tighten and geopolitical tensions weigh on risk appetite.
Muzinich's Greil-Castro favors short-term corporates over long sovereigns
The fixed-income veteran says companies are stronger borrowers than states, questions whether AI can offset debt pressures and calls the term premium inadequate for long durations.
Russians fear Putin may conscript them after election
Reports suggest Russia is preparing to mobilize 300,000 new soldiers for the Ukraine war ahead of parliamentary elections. The Kremlin denies such plans, but European officials warn of potential conscription.
Putin Signals Peace Prospects Amid NATO Warnings of Escalation Risk
Russia’s president suggests diplomatic openings amid Ukraine war stalemate, while NATO warns of heightened military threats near alliance borders.