Daily Brief
15 verified stories from global sources
JPMorgan, Bank of America, Citigroup, Wells Fargo and Goldman Sachs report second-quarter results, with analysts expecting investment banking revenue up sharply and trading revenue jumping amid record IPO activity and geopolitical volatility.
Markets are pricing in rising odds of a US interest rate increase this year as June consumer price data is released and Federal Reserve Chair Kevin Warsh delivers his semi-annual monetary policy testimony to Congress.
US equities fell after President Trump announced the reinstatement of a blockade on Iranian shipping through the Strait of Hormuz, lifting oil prices and reviving inflation concerns across global markets.
India's consumer price inflation accelerated to 4.38% in June, moving above the Reserve Bank of India's 4% median target for the first time under the new index series, driven by higher food and fuel prices.
India's insurance regulator is considering replacing large upfront commissions for distributors with payments spread across the life of a policy, a change aimed at reducing mis-selling and improving customer outcomes.
From 13 July 2026, four major global cloud and technology providers are designated Critical Third Parties, allowing the Bank of England, PRA and FCA to jointly oversee the critical services they supply to UK financial firms.
The Financial Conduct Authority has released a major review examining how artificial intelligence is reshaping retail financial services in the UK, as the regulator balances innovation against consumer protection and trust.
The Japanese yen weakened beyond 162 per dollar as the government moved to walk back a policy document that rattled investors, while long-term bond yields climbed and the Middle East conflict lifted import costs.
SK Hynix shares fell more than 15% in Seoul following the chipmaker's strong US listing debut, pulling South Korea's Kospi index down almost 9% as investors booked profits on AI memory chip stocks.
The Monetary Authority of Singapore is consulting on a Protected Cell Company framework designed to support the growth of alternative risk transfer solutions in the insurance market.
The Central Bank of the UAE imposed a Dh1.82 million penalty on a branch of a foreign bank after finding it failed to issue a liability letter within the mandated seven-day window, breaching consumer protection rules.
Volkswagen's supervisory board rejected management's restructuring plan by 12 votes to seven after labour opposition, and the company instead announced a strategy to halve its model lineup and cut production capacity.
France is heading into a difficult 2027 budget negotiation, with Finance Minister Roland Lescure targeting a deficit below 5% of output as the French-German bond yield spread widens to its highest in nearly nine months.
Most analysts expect the Bank of Canada to keep its policy rate at 2.25% at its 15 July decision, with variable mortgage rates near 3.3% and fixed rates around 3.9% amid war-driven bond yield pressure.
Australia's prudential regulator has released a consultation package covering amendments to prudential and reporting standards for banks and general, life and private health insurers, with submissions closing 21 August.