On August 4, 2026, Deputy Prime Minister and Minister of National Defence General Phan Van Giang presented a proposal to the National Assembly to amend nine military and defense laws. The reforms focus on restructuring officer ranks, adjusting retirement ages for local military commanders, and tightening penalties for draft evasion. The legislative overhaul is a … Read more
India’s private sector manufacturing activity expanded at its slowest pace in nearly five years in July, with the HSBC India Manufacturing PMI falling to 53.5 from 54.2 in June. The decline was driven by slowing sales and job creation, though the sector maintained its 57th consecutive month of expansion. The manufacturing sector is showing signs … Read more
HDFC Bank and ICICI Bank increased interest rates on Foreign Currency Non-Resident (Bank) fixed deposits to 6.25% in August 2026. The move follows a Reserve Bank of India announcement that the government will bear hedging costs for three-to-five-year deposits until September 30, 2026, allowing banks to offer higher tax-free returns to NRIs. The race for … Read more
Trump Media & Technology Group has launched Truth API, a premium subscription service providing Wall Street firms ultra-fast access to posts from high-ranking Truth Social accounts, including President Donald Trump. The service costs up to $100,000 per month, sparking accusations of insider trading and ethical breaches from lawmakers and financial experts. The world’s most powerful … Read more
The Egyptian pound strengthened against the US dollar in early August 2026, with the dollar falling below 50 EGP across all Egyptian banks. This shift, supported by record-high foreign currency reserves of $53.134 billion and surging remittances, has decoupled local gold prices from currency volatility, aligning them more closely with global markets. The US dollar … Read more
Gold prices in Egypt remained largely stable on Monday, August 3, 2026, with 24-karat gold trading around 6,714 Egyptian pounds per gram. Prices are influenced by global spot market fluctuations and regional geopolitical tensions, while Saudi Arabian markets saw a simultaneous rise in rates for 21-karat gold. The Egyptian gold market is currently experiencing a … Read more
Fitch Ratings affirmed 161 classes and upgraded 30 classes across 28 U.S. broadly syndicated loan (BSL) collateralized loan obligations (CLOs) on August 3, 2026. The actions, which maintain a Stable outlook for all rated tranches, were driven by a combination of portfolio performance and updated rating criteria published in June 2026. BSL CLOs. Secured primarily … Read more
President Lee Jae Myung convened a 7.5-hour closed-door meeting at Cheong Wa Dae on August 3, 2026, immediately after returning from the U.S. and South America. The session focused on addressing a “supply cliff” in housing and stock market volatility following a sharp decline in the KOSPI and his own approval ratings. President Lee Jae … Read more
The volatility comes as the company prepares for its first public earnings report on August 4 and a massive insider share unlock on August 6, which will free up approximately 911.5 million shares. The ride for SpaceX investors has been brutal since the company’s June 12 listing. After an intraday peak of $225.64, the stock … Read more
The S&P 500 climbed 1.5%, while the Dow Jones Industrial Average and Nasdaq composite also saw significant gains amid easing inflation fears. Wall Street spent July in a state of high anxiety, with the S&P 500 oscillating as the war with Iran drove oil prices upward. That volatility broke on Monday. Trump’s Pause on Iran … Read more