Daily Brief
15 verified stories from global sources
Minutes from the Federal Reserve's June meeting showed officials split over whether to raise rates again in 2026, as new Chair Kevin Warsh stressed that returning inflation to 2% remains the central bank's primary goal.
US stocks fell and crude prices surged after President Trump declared the ceasefire with Iran 'over' and the two sides traded strikes, reviving fears of an energy-driven inflation shock.
Shares of payments-technology firm Fiserv jumped after a report that its card-processing network attracted takeover interest from a major US bank, with JPMorgan Chase and Bank of America said to be in discussions.
India's insurance regulator has revised its remuneration norms to require that senior executives' pay reflect performance on claims settlement, grievance handling and fair treatment of customers, not just growth and profit.
The Reserve Bank of India is encouraging people to recover money in dormant accounts and unclaimed deposits via its UDGAM portal, which lets users search inactive holdings across banks in one place.
The Japanese yen weakened toward 162.5 per US dollar, near its weakest in four decades, as renewed US strikes on Iran drove investors into the safe-haven dollar and pushed oil prices higher.
Samsung Electronics estimated a record operating profit of about 89.4 trillion won for the second quarter, up nearly 19-fold on the AI-driven memory-chip recovery, though its shares fell as revenue narrowly missed forecasts.
The Monetary Authority of Singapore is consulting on a Protected Cell Company framework that would let a single entity segregate assets and liabilities across cells, supporting captives, insurance-linked securities and sovereign risk pools.
Britain's Financial Conduct Authority has released a landmark review of how artificial intelligence is reshaping retail banking, insurance and investments, weighing the benefits for consumers against risks such as bias and unfair outcomes.
The Bank of England's Financial Stability Report warned that leverage in bond and equity markets, rapid growth in private credit and stretched valuations pose risks, even as it judged the UK system broadly resilient.
Volkswagen's supervisory board was set to meet on July 9 to decide on a sweeping restructuring plan that reportedly includes up to 100,000 job cuts and possible German plant closures, setting up a clash with unions.
A revival in IPOs and mergers helped fuel about $376 billion of Canadian dealmaking in the first half of 2026, while Fitch upgraded the country's banking-sector outlook after the Big Six beat profit expectations.
The Central Bank of the UAE fined a foreign bank branch 1.82 million dirhams for failing to issue a customer liability letter within the mandated seven days, part of a tougher enforcement push under the new Central Bank Law.
Higher long-term interest rates cut the value of French insurers' and pension funds' investments in early 2026, offsetting strong new inflows, according to Banque de France data showing holdings of about EUR 2.85 trillion.
Australia's national Home Value Index fell 0.4% in June, its sharpest monthly decline in three and a half years, as high borrowing costs and tighter affordability cooled the market, led by Sydney and Melbourne.