Aug 4, 2026 | Markets
The yen’s rally stalled Tuesday even as US Treasury Secretary Scott Bessent pledged continued support for Japan following a historic joint intervention. The yen ended the New York trading session weaker by 0.4% against the dollar, snapping the Japanese currency’s best...
Aug 4, 2026 | Markets
Jefferies Financial Group Inc. has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp. are not genuine, according to people familiar with the matter. The discovery, which came after Jefferies checked the...
Aug 4, 2026 | Markets
The Federal Communications Commission is drafting a ban on imports of some Chinese data center components to protect US data center infrastructure, Reuters reported. The proposed ban aims to prevent Chinese firms from installing malware or stealing data from the data...
Aug 4, 2026 | Markets
Treasury Secretary Scott Bessent said the weakness of the yen has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies as he reiterated US support for efforts to stabilize the situation. “It’s just the level of the...
Aug 4, 2026 | Markets
Refineries outside of conflict zones are running at full tilt across the world and there are few shock absorbers left in the system to protect against higher fuel prices, the world’s biggest oil company Saudi Aramco said. A combination of war in the Middle East and...
