The bank now projects a 10% drop in 2026 shipments, steeper than its earlier forecast, as AI-driven memory chip demand strains mobile supply chains.

Despite the Strait of Hormuz reopening after the U.S.-Iran ceasefire, analysts warn restoring global oil supplies could take a year or more.

A new Jefferies report finds consumer spending, property investment, and credit demand continue to lag even as exports surged in May.

His twin-engine Cessna 421 crashed into a wheat field near the La Baule aerodrome in western France on Friday, killing both on board.

Southern field production has reached 1.75 million bpd after the Strait of Hormuz reopened under the US-Iran deal signed last week.

Bank of America recommends rotating into defensive sectors after European momentum stocks delivered their strongest run in over two decades.

The sweeping AML regulation also caps commercial cash payments at €10,000 and tightens KYC rules, while peer-to-peer Bitcoin transfers remain exempt.

Combined clean energy investment by seven global oil supermajors dropped to about $8.3 billion in 2025, down from $24 billion a year earlier, according to Equirus Securities.

The cryptocurrency rebounded on Friday as the truce eased geopolitical tensions, though renewed fighting in Lebanon on Saturday clouds the outlook.

The NYU professor says debt-funded AI infrastructure spending, not stock prices, poses the real risk of a correction that spills into the broader economy.

Bank of America analysts project the tournament will add $19 billion to U.S. GDP alone, dwarfing the economic impact of Taylor Swift's Eras Tour.

Beijing's stake fell to $651.1 billion, its lowest since 2008, even as Japan and the UK boosted holdings and total foreign demand edged higher.

Over 550 ships remain stranded at the Strait of Hormuz, keeping freight rates elevated even as crude prices dropped sharply this week.

The 93-year-old billionaire was found guilty on two charges involving two women in incidents dating back to the late 1970s and 1980s.

Deputy Gov. Himino warned Friday that inflation could overshoot targets, signaling further rate increases after the BOJ's historic hike to 1%.

The automakers' disclaimers flag thinner paint, surface dents, and finish variations on American-made models now being exported to Japan.

Oil prices are headed for their steepest weekly drop in months as Gulf shipping resumes following Wednesday's interim peace agreement.

Europe's reserves sit roughly 14 percentage points below the five-year June average, and analysts warn the interim deal won't quickly restore disrupted LNG supplies.

The European Commission is considering letting banks manage capital compliance at the parent level, as industry groups say simplified rules could boost lending by over €2 trillion.

The Bank of England held rates steady Thursday as analysts said months of energy disruption have locked in higher prices through 2027.

Canceled Swiss negotiations and a hawkish Fed drove dollar strength and rattled emerging market assets heading into the weekend.

BIMCO says the US-Iran ceasefire could trigger a rebound, with 100 ships ready to move cargo once the strait reopens.

Crude prices have plunged as tankers flood global markets following the interim U.S.-Iran peace deal signed this week.

Millions of barrels of stranded crude are set to flood the market, but refiners in India and East Asia have already locked in alternative supplies.

Investors tendered 12.51% of Commerzbank's capital during the initial acceptance period, despite opposition from Berlin and the bank's own board.

Germany's 10-year bund yield rose Friday after Switzerland confirmed scheduled US-Iran peace talks would not proceed, compounding ECB rate-hike pressures.

The collapse of Friday's planned negotiations in Switzerland and Israeli strikes in Lebanon reversed a six-session slide in TTF futures.

Brent crude reversed its post-ceasefire decline Friday after scheduled peace negotiations in Switzerland were called off, raising doubts about the deal's future.

The remarks come a week after the ECB raised its deposit rate to 2.25%, its first hike since 2023, amid inflation driven by the Iran conflict.

The bank previously projected $93 per barrel for 2026 but now expects prices in the $70-$80 range for the second half of the year.

Global wheat, rice, and corn inventories are near all-time highs even as forecasters warn of a potentially historic El Nino disrupting crops.

The Bank of Russia lowered its benchmark rate to 14.25%, half the reduction analysts expected, citing fuel supply risks from Ukrainian drone strikes.

The U.S. lifted its naval blockade of the Strait of Hormuz on Wednesday, but Asian refiners say freight costs remain too high to book crude shipments.

Investors shrugged off a dual ransomware extortion campaign, focusing instead on surging Wegovy pill prescriptions and upcoming Medicare GLP-1 coverage.

U.S. Central Command confirmed it lifted the naval blockade on Iranian ports as the U.S.-Iran peace deal sends crude prices sharply lower.

South Korea's KOSPI surged past 9,000 for the first time while Japan's Nikkei 225 set consecutive records, driven by semiconductor gains and easing oil fears.

The bank cut the sector from "overweight" to "equal-weight," citing the U.S.-Iran agreement to reopen the strait and a weakening earnings outlook.

The precious metal has dropped more than 25% from its January record high as rising rate-hike expectations and a surging dollar crush demand.

Samsung, SK Hynix, and Micron have all overtaken Bitcoin in global asset valuations as AI-driven demand fuels a semiconductor rally.

The consortium offers hull and liability coverage for vessels transiting the strait as ships begin trickling through following the U.S.-Iran deal.

The directive follows the U.S.-Iran deal and reverses wartime arrangements that rerouted oil shipments outside the Strait of Hormuz.

Switzerland confirmed Friday that planned negotiations were scrapped after Vice President Vance dropped travel plans, raising doubts about the deal's durability.

The Energy Transition Index 2026 finds geopolitical shocks and supply chain pressures are slowing progress even as the Iran war drives consumers toward renewables.

Even as the Strait of Hormuz reopens, the group projects elevated energy prices will cost consumers over $700 billion by year's end.

Maybank data shows over 90% of the Philippines' oil comes from the Middle East, making its companies the most exposed to Strait of Hormuz disruptions.

US stocks posted weekly gains as roughly $55 billion flowed into global equity funds, the most since late 2024, according to LSEG Lipper data.

The 74-year-old was released ahead of schedule Friday and plans to return to his office Tuesday while continuing outpatient treatment.

Japan's Nikkei 225 and South Korea's KOSPI hit new intraday records Friday before falling after VP Vance pulled out of peace deal talks in Switzerland.

The chief economist described the June 25bp increase as a measured reaction to a "medium-sized" oil shock from the Iran conflict.

The currency hit 161.81 per dollar overnight, its weakest since July 2024, with markets bracing for possible Japanese intervention.

Despite the BOJ's rate hike to 1% this week, the yen slid to its weakest since July 2024, prompting Finance Minister Katayama to warn speculators.

A leaked European Commission report proposes easing cross-border banking barriers to help EU lenders compete with U.S. rivals.

The chipmaker's U.S.-listed shares surged to a record as investors cheered a 10-year packaging deal with Amkor and deepening ties with Nvidia.

Days after the BOJ raised rates to a 31-year high of 1%, Deputy Governor Himino warned underlying inflation could overshoot the 2% target.

U.S. Treasury Secretary Scott Bessent urged Japanese officials to hike rates sooner to avoid larger disruptions, according to Nikkei Asia.

After surging past $4,300 on the US-Iran peace agreement, gold slipped as the Federal Reserve maintained its hawkish stance on rates.

Ahead of Friday's formal signing of the US-Iran deal in Geneva, analysts say mine-clearing and insurance costs will delay a full shipping recovery.

Japan's benchmark index climbed to an all-time high Thursday, fueled by AI optimism and easing Middle East tensions following the BOJ's historic rate increase.

The Philippines, Czech Republic, and Moldova all hiked interest rates Thursday, while Switzerland and Taiwan held steady amid global price pressures.

The flagship seven-seat electric SUV launched in China with over 150,000 preorders, BYD's highest ever for a single model.

Over 60 million barrels of crude on supertankers are poised to head to Asia once the strait reopens Friday under the U.S.-Iran deal.

Despite record $2.3 trillion in clean energy investment, geopolitical risks and supply disruptions have stalled progress, the annual index shows.

Secretary General al-Ghais pushed back at OPEC's World Oil Outlook launch, calling the IEA's projection of a 5 million bpd surplus destabilizing.

Apple's CEO said the company can no longer absorb soaring memory costs, calling the supply crisis a "hundred-year flood."

Oil prices fell to their lowest since the conflict began, threatening the fuel-cost advantage that drove a 34% jump in European EV sales.

CEO Sheikh Nawaf Al-Sabah says infrastructure repairs allow a faster-than-expected return to pre-war production after the Strait of Hormuz reopened.

The Bank of England voted 7-2 to keep rates at 3.75%, with a growing hawkish minority, while the SNB held at 0%.

The group's 2026 World Oil Outlook projects demand reaching 124 million barrels per day by mid-century, up from last year's estimate.

The FTSE 100 fell sharply and the STOXX 600 dipped as traders repriced rate expectations following Chairman Warsh's debut Fed meeting.

The dollar surged to a two-month high after the Fed signaled a possible rate hike this year, pressuring emerging-market assets across the region.

Governing Council member Martin Kocher warned Thursday that lower oil prices won't quickly ease consumer prices across the euro area.

IFPRI modeling finds the Strait of Hormuz closure could push 20 million more people into poverty across 20 developing countries.

Despite a U.S.-Iran peace deal, the Fed and peers are preparing to raise borrowing costs to combat war-driven inflation.

The state oil giant's research unit cited the shift to electric vehicles and high prices from the Iran war as refinery runs hit a four-year low.

Oliver Blume outlined eight areas of action to cut costs and complexity as Volkswagen faces stagnant demand and Chinese EV competition.

The cybersecurity acquisitions, announced alongside Q3 earnings, aim to bolster Accenture's operational technology defenses for critical infrastructure.

SpaceX's $60B Cursor deal highlights how the bankruptcy estate sold stakes in top AI startups for a fraction of their current value.

New Fed Chair Kevin Warsh's hawkish debut reshaped rate expectations, with half of FOMC members projecting at least one hike this year.

Kristalina Georgieva warned it will take time for Strait of Hormuz shipping to normalize as countries rush to replenish depleted reserves.

Chairman Yasir Al-Rumayyan said the company is considering larger storage capacities worldwide, especially in Asia, to buffer against future supply disruptions.

Despite the Strait of Hormuz reopening under the U.S.-Iran deal, months of war have left the global tanker market too strained to meet demand.

Gulf producers rerouted exports through alternative pipelines during the conflict, permanently reducing the strait's role, according to the bank.

The European Commission set a July 22 deadline to rule on the record leveraged buyout, which also faces scrutiny under foreign subsidy regulations.

Fully electric cars now account for nearly one in four new registrations across 17 European markets, but analysts warn growth may fade if fuel prices drop.

The U.S.-Iran deal to reopen the strait could release tens of millions of barrels of stranded oil, threatening elevated refining margins across Asia.

The oil giant is weighing sales of its sulphur business, terminals, real estate, and power plants as it seeks to raise capital and diversify export routes.

The benchmark dropped as much as 2.1% Thursday, falling nearly 20% from its October high as Alibaba and Tencent dragged on the index.

The two Southeast Asian central banks hiked on Thursday, extending a regional tightening wave driven by Middle East war-fueled price pressures.

The bank removed Claude models from its approved list, following a similar move by Goldman Sachs in April amid tightening U.S. export controls.

ArcelorMittal, thyssenkrupp Steel, and voestalpine issued a joint call to pause ETS cost increases as Portugal also urged Brussels to freeze carbon allowance cuts.