Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
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Oil prices fall after double-digit weekly gains above $100
The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
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Global bond sell-off deepens as $100 oil stokes stagflation fears
The yield on German 10-year bonds, seen as the euro area benchmark, crossed 3.5% on Friday for the first time since April 2011.
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Bessent says ‘a large bank’ will be sanctioned on Monday as part of Iran strategy
U.S. Treasury Secretary Scott Bessent said a large bank would be sanctioned next week.
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The oil shock is testing private credit borrowers already burdened by high debt costs
Oil near $100 could further squeeze leveraged private credit borrowers as investors weigh the risk that inflation could push interest rates higher again.
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Modi and Xi are set to meet at BRICS with trade and border issues in spotlight
A meeting with Prime Minister Narendra Modi would be the clearest test yet of the tentative post-2020 reset between Asia’s two largest economies.
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The world’s highest paid leader is set for a 64% pay rise. Here’s how others compare
Wong announced ministerial salaries will be adjusted upwards after 15 years, with his annual pay package rising to 3.6 million Singapore dollars
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UBS CEO flags investor complacency as geopolitical and economic risks mount
The UBS top boss cautioned that investors face an increasingly complicated environment given multiple headwinds.
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Sub-$100 smartphones becoming a rarity as AI memory prices soar
The days of the sub-$100 smartphone may be numbered, including in China.
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Further European rate hikes ‘very much dependent’ on energy costs, Bundesbank chief tells CNBC
Joachim Nagel told CNBC that a potential move in rates into restrictive territory was “very much dependent on how the energy prices evolve.”