Global Bond Yields Surge as Oil Prices Fuel Inflation Worries
Global bond yields surged Tuesday as renewed tension between the U.S. and Iran reinforced inflation expectations, which increased the prospect of interest-rate hikes in the coming months.
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Eurozone Inflation Climbs to Near Three-Year High Ahead of ECB Meeting
Eurozone inflation rose for a third straight month in August, reinforcing expectations that the European Central Bank will raise its key interest rate next week.
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Bank of Canada Expected to Remain On Hold as Trade Conflict With U.S. Escalates
The Bank of Canada is widely expected to keep its main interest rate unchanged on Wednesday as policymakers assess the fallout from a stark deterioration in Ottawa-Washington trade ties.
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London Stock Exchange Plans Tokenized Trading
The move comes as the exchange fights to grow its relevance amid declining public listings and increased retail and institutional interest in crypto.
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Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply Risks
Renewed fighting revived concerns the conflict could become more prolonged and further disrupt oil flows through the Persian Gulf, just as supply risks are being compounded elsewhere.
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U.S. Stock Futures Slip Amid Bond Selloff
U.S futures edged lower, with weakness in chip stocks pushing hurting the Nasdaq.
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SEC Presses Investment Firms to Prove They Have Access to Shares in Hot Startups
The Wall Street Journal reported recently on a fund that touted exposure to SpaceX but later told investors the shares were sold before its IPO.
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Bessent Criticizes Canada as Global Summit Shows Divisions
Finance officials from rich and developing countries gathered in the Blue Ridge Mountains amid economic tensions.
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South Korea's Exports Extend Chip-Led Growth in August
Semiconductors, which account for more than a third of South Korea's exports by value this year, continued to drive the gains.
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Trump Calls for Federal Film and Television Tax Incentive
A beleaguered Hollywood has been lobbying for help to stop the flight of productions to other countries with generous government subsidies.