ICE canola futures rise on oil strength and weaker loonie
ICE canola futures were trading modestly weaker overnight but has turned now to small gains this morning…around $1/tonne higher.
Economy
Trump and Xi come face-to-face as US and China battle to win the AI race
US President Donald Trump has been blunt about his AI ambitions, as well as about who he considers the US's main rival to be: China.
Iran President sends defiant message to US over potential talks
Iran President Masoud Pezeshkian said that the country won’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place, Bloomberg reported on Wednesday. This move undersc…
McDonald’s to take on KFC and rivals as Gen Z flock to fried chicken
McDonald’s is betting on fried chicken as health concerns and the rising price of beef shift dining habits.
SEC Publishes Updated Market Statistics, Highlighting Increase in IPOs and Proceeds Raised
August 5, 2026, 3:53 AM EDT.IPOs such as SpaceX and ChangXin Memory Technologies have generated worldwide interest, particularly across the tech and AI sectors. Still, with founders trying to maximize returns and invest…
AI superpower ambitions take centre stage as Trump and Xi meet
US President Donald Trump has been blunt about his AI ambitions, as well as about who he considers the US's main rival to be: China.
Australia unemployment rate forecast to remain steady at 4.5% in August
Australia’s Unemployment Rate climbed to 4.6% in August from 4.5% in July, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus …
Lidl banned from selling copycat Birkenstock sandals, Dutch court rules
Lidl must stop selling copycat versions of Birkenstock's famous sandals in the Netherlands, a Dutch court has ruled.
Rates Spark: The Overshoot Commences
A good series of PMIs has helped nudge global rates higher. It's taken us above some key levels, namely 5.1% on the US 10yr and 3.5% on the Euribor 10yr. And the move is likely far from over. To add insult to injury, we…
Forex Today: Australia’s jobs report comes to the fore
There was no respite for the US Dollar’s (USD) march north on Wednesday. In fact, the Greenback has clinched its third consecutive day of gains, hitting at the same time fresh two-month highs. Solid US data and hawkish …
‘We hope he’ll accept’: US invites Putin to G20 summit at Trump golf club
The United States has invited Vladimir Putin to take part in the meeting of the G20 scheduled in Miami in December in what would be the first major summit with the Russian leader present since he launched his invasion o…
Bentley unveils its first fully electric car
Bentley has unveiled its first fully electric car after investing £350m to upgrade its factory in Cheshire.
Germany pledges to phase out fossil fuels for first time with target of 2045
Europe’s biggest economy, Germany, has committed to phasing out fossil fuels by 2045, despite fierce debate about its green policies.
Dow Jones Industrial Average keeps sliding as yields climb on a strong PMI
The strongest S&P Global flash Purchasing Managers Index (PMI) readings since 2021 have done nothing for the Dow Jones Industrial Average. Manufacturing came in at 57 against a 53.5 forecast and services at 58.7 against…
FTSE 100 today: Stocks flat as Iran war tensions, UK inflation weigh
July 21, 2026, 3:50 AM EDT. The U.S. dollar traded near a one-week peak as investors tracked Middle East hostilities affecting energy supply chains and weighing on ceasefire prospects. The greenback was flat against the…
Philip R. Lane: The Outlook for the Euro Area Economy
It is an honour to be invited to contribute to the Asian Monetary Policy Forum. My topic today is to examine the role of Europe in the world economy.[1] International trade, international finance, international technolo…
Gold buckles as 5% yields and Fed hawks take control
Gold sank by over 1.5% during the North American session on Wednesday as investors grew confident that the Federal Reserve (Fed) would raise rates at the October meeting. That confidence stems from hawkish remarks made …
Barrecore and Boom Cycle owner suddenly shuts studios
The fitness company behind high-end exercise classes Barrecore, Boom Cycle, and Kobox has suddenly shut all its studios.
Silver Price Forecast: Fed hawks knock XAG/USD toward $64 support
Silver (XAG/USD) price tumbles over 3.67% on Wednesday as investors increase Federal Reserve (Fed)-hawkish bets, following remarks by several officials supporting last week’s rate hike and penciling in further tightenin…
New Zealand Dollar tumbles as strong US PMI data lifts USD
NZD/USD tumbles on Wednesday, losing 1% to trade around 0.5670 at the time of writing. The pair faces strong selling pressure as the US Dollar (USD) benefits from stronger-than-expected United States (US) activity data,…
Bentley launches first fully electric car – with fake engine sounds to replace classic growl
Bentley is launching its first fully electric car – complete with a drum soundtrack to replace the growl of a combustion engine – as part of a £350m investment in its UK business.
Trump reveals millions of dollars' worth of share deals in big tech and AI
US President Donald Trump has disclosed millions of dollars' worth of stock market trades made during July, including in firms from Elon Musk's SpaceX to tech and AI giants such as Microsoft.
Euro: Downside bias toward 1.1400 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a negative stance on EUR/USD after the pair closed at 1.1447. They see scope for further Euro (EUR) weakness, with intraday support at 1.1415 and a key le…
White House calls report of 90-day diesel exports ban "fake news"
Energy Secretary Chris Wright said Wednesday the Trump administration plans to steer clear of an outright ban on diesel exports as prices soar during wars abroad — rejecting a Politico report saying the White House is p…