Finance news

Economic strength: Switzerland loses top spot in competitiveness to Singapore

According to a study, Switzerland loses its top spot in the IMD ranking to Singapore. High US tariffs, less investment and growing protectionism are a burden.

US, Iran Peace Pact Takes Effect

President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran.

Markets: Car stocks slow Dax ahead of US interest rate decision

The peace agreement provides relief on the stock markets and causes oil prices to fall. Interest rate concerns nevertheless caused investors to waver.

US interest rate decision: The blind flight begins

The new Fed chief is keeping interest rates stable despite pressure from Donald Trump. His strategy is likely to keep the markets in the dark in the future - and the president too. A comment.

Alliance defense: Hegseth urges NATO partners to provide more defense

How far are the European NATO states in increasing their defense spending? The US government makes it clear that it wants to take a close look at individual countries.

Chip production: According to Trump, Apple and Intel agree on chip production in the USA

According to the US President, Apple will produce its chips in the USA at Intel in the future. The US government would also be involved.

How DeepSeek’s landmark funding secures Liang Wenfeng’s grip as China’s AI rivalry heats up

Chinese artificial intelligence start-up DeepSeek closed its first-ever external fundraising in an unusual and high-stakes deal that could not only reshape the country’s AI landscape but also offer a rare glimpse into how one of China’s most valuable AI start-ups will navigate its next phase of growth, sources and analysts said. Hangzhou-based DeepSeek now has a post-investment value of about 400 billion yuan (US$59.2 billion) after raising around 50 billion yuan in a Series A round, one source.

Alliance defense: Rutte: US strike plans come into force immediately

After US plans to cut NATO commitments, the NATO Secretary General warns: Europe must become stronger when it comes to military replacements. He wants to dispel worries.

US economy: First interest rate decision for Fed Chairman Warsh – Trump annoyed

For the first time, Fed Chairman Warsh led an interest rate decision. He surprised some people with the results - including US President Trump.

Drones hit Moscow oil refinery as Russia and Ukraine exchange strikes

Ukrainian drones hit Moscow’s oil refinery for the second time this week while Russia fired missiles into Kyiv, as President Volodymyr Zelensky sought support from the US and Europe to reach a peace deal. Moscow downed over five dozen drones on Thursday, Mayor Sergei Sobyanin ‌said on Telegram, and a Reuters witness saw flames and plumes of smoke over the southeastern district of Kapotnya where the Moscow refinery is located. “Air defence forces continue to repel a massive attack. Several drones

US-Iran Deal Opens Hormuz: The Real Test Begins At Sea - 3 Hurdles Keeping Ships Away

submitted by /u/Aware_Apartment_8959 [link] [comments]

Gold faces credibility test as hawkish Fed reshapes expectations

Key takeaways Gold enters the European session after a volatile Federal Reserve reaction that ultimately left the metal trading near key resistance levels rather than extending lower. Markets focused less on the unchanged policy rate and more on a hawkish shift in economic projections, higher inflation expectations and a more restrictive policy outlook. Treasury yields and the US dollar remain the dominant transmission channels influencing gold positioning. The current structure suggests markets

Trump-Iran deal: This deal is not a triumph for Trump - but for Tehran

After 110 days of war, the US President signed an agreement with Iran. What he celebrates as a historic deal exposes his growing weakness. A comment.

Morning Briefing Podcast: G7: The international order still exists / Fed: Everything is new, except the key interest rate

The US President can no longer do what he wants - but must expect resistance, which sometimes prevails. This was evident yesterday at the G7 summit – and at another location.

China’s US envoy calls for 10-fold rise in tariff-free trade under joint board

Chinese ambassador to the United States Xie Feng on Wednesday proposed to increase the limit of tariff-free goods under the newly created US-China Board of Trade from the existing US$30 billion to US$300 billion – a 10-fold rise in non-sensitive trade covered by the mechanism. Addressing a gathering at the US-China Business Council gala in Washington, Xie said he shared the view of “many friends from American businesses” that the tariff-free basket was “far from big enough”. “I cannot agree...

Shanghai charts IPO path for cash-hungry AI labs racing against US

The Shanghai Stock Exchange (SSE) has clarified rules for unprofitable artificial intelligence model developers wanting to go public, as China’s large language model (LLM) firms scramble for fresh capital in an intense race with US labs. LLM developers can go public on the Shanghai bourse’s Star Market under a set of listing standards that require them to have an anticipated market cap of at least 4 billion yuan (US$591 million), as well as meeting certain criteria in terms of market potential,.

Trump says Japan ‘doing very well’ under his ‘biggest fan’ Takaichi

US President Donald Trump said on Wednesday he thinks Japanese Prime Minister Sanae Takaichi is his “biggest fan” among world leaders. “Japan’s doing very well,” Trump said at a press conference after a Group of Seven summit concluded in the French spa resort of Evian-les-Bains. “I have to tell you, she thinks I did a great job. You have to call her and ask her. She’s doing a very good job, by the way.” Trump’s comments came after he was asked whether he had called on other G7 members, including

Alarm raised over China’s threat to older Americans through drug supply chains

China poses a threat to America’s senior citizens through drug supply chains, financial scams and data privacy, a congressional hearing highlighted on Wednesday, with lawmakers and witnesses framing it as a national security issue. “Fifty years ago, we never would have given the Soviets the kind of leeway we give China: the access they have to our economy and our information, the dependence they enjoy from our supply chains,” said Rick Scott, a Republican senator from Florida, adding that the US

Hong Kong graduates prefer careers in finance, survey finds

Hong Kong graduates believe the city’s finance industry is its most attractive and stable sector, making them more optimistic about career opportunities than their global peers, according to a study by the CFA Institute, which trains investment managers. The US-based institute’s “2026 Graduate Outlook Survey”, released on Wednesday, found that 71 per cent of Hong Kong graduates rated their career prospects between eight and 10 out of 10. The global average for that level of optimism was 59 per..

Pakistan: Iran and US sign peace deal, Strait of Hormuz to immediately reopen

Iran and the US have signed a peace deal that will take immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade, Pakistan’s Prime Minister Shehbaz Sharif announced. Sharif, a chief mediator since the US and Israel entered the war with Iran at the end of February, made the announcement in a social media post on Thursday morning. “The Memorandum has been signed by honourable Presidents of both the countries and also endorsed by me as the mediator,” he...

Iran War: Trump signed Iran agreement in Versailles

US President Donald Trump has signed the framework agreement to end the Iran war. The signing was also confirmed by Tehran.

Woodside sees LNG, oil sales rising 50% as investments from US to Australia pay off

Why the US-Iran deal may fail to revive shipping through the Strait of Hormuz

As US President Donald Trump moves to reopen the Strait of Hormuz through a peace deal with Iran, major shipping companies such as Maersk are likely to stop short of resuming normal operations in the near term amid lingering concerns about the waterway’s security and the durability of the agreement, according to observers. Some industry insiders said the deal’s impact on the global shipping industry would hinge on whether the United States extended sanctions relief beyond the initial agreement,.

The US and Iran publish their official agreement. Here’s what’s in it

A senior US official on Wednesday released the text of an agreement reached between Washington and Tehran to end the Iran war and reopen the Strait of Hormuz, after months of conflict had battered the global economy and sent oil prices soaring. The outline of the agreement, titled “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran”, was released following days of pushback over the Trump administration’s lack of transparency. US President.

Comptrollers of several large states sending legal demand letters to NASDAQ, FTSE Russell, and LSE for justification of their index rule changes before the SpaceX IPO

https://www.reuters.com/legal/government/states-challenge-nasdaq-ftse-russell-fast-tracking-spacex-2026-06-11/ https://comptroller.nyc.gov/reports/letter-to-the-london-stock-exchange-group-and-ftse-russell-re-spacex/ “In light of those interests and our respective fiduciary duties, we respectfully request that the London Stock Exchange Group (LSEG) and FTSE Russell reconsider the implementation of the Russell US Indexes IPO fast-entry rule and related eligibility changes, given deep concerns abo

+++ Iran War +++: US government representative: USA and Iran sign declaration of intent

Trump – Israeli attacks on Beirut are “unfair” +++ Trump thanks Xi and Putin for neutrality in the Iran war +++ Macron and Trump speak after the G7 summit in Évian +++ The news blog.

Trump likes Canada’s Chinese EV deal, Carney says after chat caught on hot mic

US President Donald Trump is happy with Canada’s arrangement to allow a capped number of Chinese electric vehicles to be imported at a low-tariff rate, Prime Minister Mark Carney said. When asked about Carney’s comment, Trump did not express explicit approval, but said he could understand the quota. The deal, unveiled during Carney’s trip to Beijing in January, allows as many as 49,000 Chinese EVs in a 12-month period at a tariff rate of around 6 per cent, with that quota to climb gradually over

Huawei CFO Meng’s admissions can be used against company at criminal trial, US judge rules

A top Huawei Technologies executive’s admission that the Chinese telecoms company illegally conducted business in Iran can be used in the coming US trial against Huawei, according to a judge’s ruling filed in Brooklyn federal court on Tuesday. Chief Financial ‌Officer Meng Wanzhou made the admission as part of a 2021 deal to dismiss the criminal charges she faced in the case. In a four-page statement of facts, Meng acknowledged lying to a financial institution about Huawei’s compliance with...

US Fed begins Warsh era with hold on interest rates, may hike later this year

The US Federal ⁠Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the US central bank’s 2 per cent target. New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and an updated policy statement removed language that had been used to flag the likelihood of further reductions in borrowing costs this year. Indeed, the statement, in an...

US Federal Reserve: Kevin Warsh delivers the first surprises

The new Fed chief starts out as a hawk: The US central bank is prioritizing the fight against inflation over cutting interest rates. At the same time, Kevin Warsh announces fundamental reforms.