Daily Brief
15 verified stories from global sources
US stocks ended the week just shy of record highs, with the S&P 500 near its early-June peak, as investors braced for June inflation figures, the start of big-bank earnings and testimony from Fed Chair Kevin Warsh.
The Federal Reserve has requested public comment on a proposal to amend requirements for the anti-money-laundering programs that banks must maintain, part of a broader push to modernize compliance obligations.
US home insurance premiums are on track to climb about 4% in 2026 to roughly $3,057 on average, a fifth consecutive annual increase, as insurers grapple with severe-weather losses and high rebuilding costs.
Canada's economy added about 18,000 jobs in June and the unemployment rate slipped to 6.5%, a moderate gain led by part-time and service-sector work that is unlikely to change the Bank of Canada's rate stance.
India has launched a centralized portal, 'Your Money, Your Right', that lets citizens locate and reclaim unclaimed financial assets across banks, insurers, dividends and mutual funds through a single entry point.
India's insurance regulator has revised remuneration norms for senior insurance executives, linking their pay more directly to claims settlement, grievance redressal and policyholder outcomes, prompting debate over regulatory reach.
The Bank of England's July Financial Stability Report warns that stretched asset valuations, rising market leverage and fast-growing debt tied to artificial-intelligence investment pose intensifying risks, even as the UK system stays resilient.
Japan's 10-year government bond yield eased to about 2.77% after Finance Minister Satsuki Katayama said the government would encourage domestic pension funds to hold more Japanese assets, pulling back from near three-decade highs.
The Monetary Authority of Singapore, with industry partners, has released a white paper setting out an industry framework to keep autonomous AI agents in finance operating safely, securely and within defined risk limits.
Australia's prudential regulator has released a consultation package of technical amendments to its rules for banks, general, life and health insurers and superannuation licensees, with several changes carrying real operational impact.
South Korea's 10-year government bond yield has climbed toward its highest since 2023 as an AI-driven boom and sticky inflation fuel expectations of Bank of Korea rate hikes, even as the bank remains formally in an easing cycle.
The global Islamic finance industry has surpassed $2.44 trillion in assets with growth of about 11.4%, spanning banking, takaful insurance and asset management, as the UAE positions itself as a leading hub for the sector.
The UK's Financial Conduct Authority says it led an international crackdown on illegal financial influencer promotions, resulting in three arrests and 650 social media takedown requests, alongside insider-dealing convictions.
Australia's Payday Super reform has taken effect, requiring employers to pay retirement contributions closer to payday and super funds to allocate them within days, aiming to tackle an estimated $6 billion-plus in unpaid super.
India recorded a current account surplus of about $4.7 billion in April 2026, reversing a year-earlier deficit, as strong services exports and a jump in remittances offset a wider goods trade gap.