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

Kevin Warsh held rates steady at his first meeting but stressed inflation risks, sending the dollar higher and Asian currencies and equities lower.

Demonstrators halted shipments from the Oyu Tolgoi copper mine, escalating a dispute over how Mongolia shares in its mineral wealth.

The new futures product will let global investors trade against Chinese hot-rolled coil prices for the first time via an LME-listed contract.

Daimler Truck launched a dedicated defense brand, and Ineos formed a consortium to bid on a UK military vehicle contract, all in one week.

Eurostat confirmed May's annual rate reached 3.2%, driven by energy costs tied to the Middle East conflict and rising services prices.

A PBOC official called for global coordination on stablecoin oversight as 26 banks joined a new digital yuan settlement platform at the Lujiazui Forum.

OPEC+ quota hikes, a US-Iran framework deal, and the UAE's post-OPEC expansion are converging to fuel growing fears of an oil glut.

FAA and EASA officials said Wednesday they are in the final stages of certifying the two long-delayed variants, with over 1,500 unfilled orders waiting.

The hawkish pivot under new Chair Warsh widens the gap with Japan's freshly hiked rates, keeping USD/JPY pinned near 160.

The agency forecasts global oil supply falling by 3.9 million barrels per day this year, with prewar Gulf exports unlikely to fully resume before early 2027.

Antonio Filosa told Italian lawmakers the automaker is negotiating with two partners to revive Maserati and boost production at Italian plants.

His fortune hit nearly $1.4 trillion at Tuesday's intraday peak, fueled by a third straight day of gains for SpaceX shares after their record IPO.

The Franco-German tank maker could launch its listing process as soon as Friday if a stake deal with the German government is finalized.

CEO Patrick Pouyanné told French lawmakers that full repairs to the drone-damaged Saudi refinery are months away, highlighting the conflict's toll on Gulf energy.

Three central banks raised interest rates in a single week as energy-driven inflation from the Iran conflict continues to spread through global economies.

Environmental revenue grew at its fastest pace since 2022, with EVs and batteries adding $62 billion, according to LSEG's annual report.

Dutch TTF gas futures have retreated sharply from crisis peaks as the preliminary U.S.-Iran deal signals the worst supply disruptions may be over.

Dubai, Oman, and Murban benchmarks entered contango for the first time since January as the framework agreement brightens global supply outlook.

Drugmakers are threatening to pull billions in investment from Germany, echoing tactics that won pricing concessions from Britain earlier this year.

The ECB president spoke alongside the heads of state of Italy, Spain, and Portugal at the XIX Cotec Europe Summit.

Australia downgraded Gulf travel warnings Wednesday as some European carriers restart Tel Aviv service, but most U.S. airlines remain suspended through fall.

Teresa Ribera urged member states to support cross-border banking consolidation, calling it urgent for competitiveness — a day after Germany rejected UniCredit's Commerzbank bid.

The ICAEW projects a sharp recovery driven by the expected reopening of the Strait of Hormuz following the US-Iran framework peace deal.

The UN agency's chief economist says rising fertilizer and energy costs from the strait's closure are driving food inflation and could trigger widespread shortages.

The Indian rupee touched a six-week high and the Philippine peso surged as Brent crude fell below $80 for the first time since March.

The bank raised its MSCI Emerging Markets Index year-end forecast to 2,000, citing the Hormuz reopening and a weakening dollar as catalysts.

Leaked financials showing OpenAI spent $34 billion in 2025 against $13 billion in revenue rattled investors in its biggest backer.

The IEA reported Wednesday that OECD inventories fell to their lowest since 1990, even as a U.S.-Iran deal sent oil below $80 a barrel.

Wednesday's data projects euro zone negotiated wages at 2.6% by end-2026, unchanged from prior estimates despite surging oil prices.

The AI optical module maker upsized its IPO goal from $5 billion after strong investor demand during roadshows, according to Reuters.

The German automaker cut its 2026 margin forecast to 1%-3% from 4%-6%, citing China's weakening market and the U.S.-Iran conflict.

Advanced economies' oil reserves have hit their lowest level since 1990, but a post-war supply surge could flood the market next year.

The Lithuanian central bank governor argued last week's quarter-point increase was insufficient to contain inflation driven by the Iran war energy shock.

Futures fell to their lowest since March as abundant seaborne supply and declining Chinese steel output pressured prices.

The RedNote parent, valued at roughly $50 billion in recent private transactions, is preparing a confidential filing by month's end.

While Goldman Sachs, Morgan Stanley, and Citi cut their oil price forecasts after the U.S.-Iran framework deal, Barclays says supply won't normalize quickly.

NOC finalized agreements with Repsol, MOL Group, TPAO, and other international firms to boost output to 2 million barrels per day.

As billions flow through platforms like Polymarket during the tournament, Brazil, Japan, and U.S. regulators are moving to restrict sports contracts.

A potentially "very strong" El Niño has a 96% chance of persisting through early 2027, threatening commodity price shocks of up to 100%.

May refining volumes fell 9.1% year-on-year as crude imports sank to their lowest since 2017 amid Iran's Strait of Hormuz blockade.

The bank expects $4.1 trillion of that total to be debt-financed as hyperscalers race to build data center infrastructure.

Venezuela's oil exports surged to an estimated 1.25 million barrels per day in May as Western companies race to secure drilling rights.

The preliminary agreement to reopen the Strait of Hormuz deflated supply-risk premiums that had driven the metal to four-year highs.

The Norwegian energy giant also doubled its share buyback program as Middle East conflict lifts oil and gas profits.

Emerging market equities pulled back from near-record highs Tuesday as investors sought clarity on the Strait of Hormuz reopening timeline.

ECB's Lane said inflation above 3% is "in the pipeline" even as a U.S.-Iran peace deal expected Friday could reopen the Strait of Hormuz.

The economic sentiment index jumped to 10.5 in June, far exceeding the forecast of minus 6, as investors bet on falling energy prices.

Underwriters purchased an additional 83.3 million shares, cementing the largest IPO in history as the stock surged on its first full trading day.

The think tank says restarting production and rerouting tankers after the Strait of Hormuz closure could take many months, even if hostilities end.

UBS says the Shanxi mine safety crackdown will cut China's coking coal output by about 3% this year as Indonesia's new export rules delay shipments.

Greece's market regulator is expected to deny the exchange's license application, barring it from serving EU clients starting in July.

The chief economist said energy price shocks from the Middle East conflict are still feeding through the eurozone economy despite the ceasefire framework.

Falling crude prices and a weaker dollar lifted oil-importing nations, with MSCI Asia-Pacific shares posting their biggest two-day gain since 2022.

Shares surged in premarket trading Tuesday, extending a gain of more than 40% across SpaceX's first two sessions as a public company.

Crypto exchange Hyperliquid saw a 50-fold spike in SpaceX perpetual futures volume on IPO day, highlighting blockchain platforms' growing role in equity derivatives.

Analysts warn that restoring pre-war energy flows through the strait could take months even after Friday's planned signing of the U.S.-Iran ceasefire.

The ECB president said the digital euro and homegrown infrastructure are essential to counter U.S. stablecoin dominance and foreign payment networks.

A World Gold Council survey found 19% of central banks boosted domestic gold storage this year, up from 7%, as sanctions fears drive repatriation.

Global markets surged on the US-Iran deal to reopen the Strait of Hormuz, but Asia moderated Tuesday as the Bank of Japan raised rates.

Official data shows overseas holdings rose to 3.21 trillion yuan in May, ending the longest net selling streak since 2020.

The central bank raised its benchmark rate to 1% on Tuesday, but a pause in bond-purchase cuts softened the blow for risk assets.

The indicator jumped 18.6 points to 9.5 in June, far beating expectations, as the US-Iran framework deal boosted investor optimism.

The offshore yuan bond sale drew nearly four times more bids than available, as investors seek shelter from Iran conflict volatility.

Europe's battery-electric registrations jumped more than a quarter year-over-year, while U.S. EV sales fell sharply after the end of federal tax credits.

The PBOC launched its CBETS settlement system in Shanghai on Monday as the mBridge wholesale platform also nears commercial rollout.

Chinese competition, overcapacity, and U.S. tariffs are driving hedge funds to target the debt and equity of major European car companies.

The restart timeline follows a U.S.-Iran framework deal to end the war and reopen the strait, which Trump says will be "completely open" by Friday.

A U.S.-Iran peace deal sparked a broad market rally Monday, lifting the combined fortunes of the world's wealthiest to an all-time $13.3 trillion.

The banks see faster Middle East supply recovery after the U.S.-Iran framework agreement to reopen the Strait of Hormuz.

Gold has overtaken U.S. government bonds as the top reserve asset, and 74% of central banks expect the dollar's share to decline within five years.

The quarter-point hike, the BOJ's first since December, passed 7-1 with Governor Ueda absent for medical treatment.

May data from the National Bureau of Statistics revealed a 0.6% drop in consumer spending, the first contraction since December 2022.

Videberg Kraft selected Rolls-Royce SMR to supply three small modular reactors for a site on Sweden's western coast, beating GE Vernova and Hitachi.

The partnership, announced at Eurosatory 2026, aims to localize medium- and long-range missile systems for the European market.

The kingdom posted a record Q1 deficit of $33.5 billion even before oil's latest drop below $83 a barrel on the peace framework news.

Despite the U.S.-Iran agreement, energy analysts say the Hormuz crisis has permanently elevated the Western Hemisphere as the world's swing oil supplier.

The profit follows Toyota's disposal of its 24.66% stake as part of the landmark privatization of its forklift and parts subsidiary.

The bank cut its Q3 Brent outlook from $110 to $75 per barrel, citing expected normalization of Strait of Hormuz oil flows.

The AI chipmaker upsized the deal from $20 billion after the offering drew roughly $85 billion in orders from investors.

European individual investors received less than 1% of the $75 billion offering despite demand reaching nearly $2.5 billion, according to Bloomberg.

The precious metal climbed to multi-day highs after the framework agreement sent the dollar to a 10-day low ahead of the Fed's rate decision.

Georgieva said oil prices remain elevated but resilience in major economies has cushioned the blow from months of Middle East conflict.

Oil fell sharply and Asian markets surged after the US and Iran confirmed a framework to end hostilities and reopen the Strait of Hormuz.

Carriers including LATAM, Azul, and Volaris jumped as Brent crude fell to a three-month low after the preliminary peace agreement.

The ECB president dismissed months of resignation talk, saying her duty is to complete the price stability mission amid rising energy-driven inflation.

The U.S.-Iran ceasefire announced Sunday may reopen the strait, but oil tankers will get priority over stranded fertilizer vessels.

SoftBank jumped over 12% to lead a broad rally after both sides finalized a memorandum of understanding, with a formal signing set for June 19.

Workers in "professionalised" roles are seeing twice the job growth and 42% faster salary growth than those in AI-simplified positions, according to PwC.

Imports surged while exports grew modestly, flipping the euro area's €8.7 billion surplus a year ago into a €1 billion deficit.