U.S. forces struck three Iranian oil tankers on Saturday, including one vessel off the coast of Kharg Island near Iran’s key oil export hub, according to U.S. Central Command. The military action followed a ballistic missile attack launched by Iran’s Islamic Revolutionary Guard Corps against two U.S. Navy ships, according to statements from Central Command. … Read more
Treasury Secretary Scott Bessent held a bilateral meeting on Monday at the G20 finance leaders conference in North Carolina to discuss financial ties. While Siluanov expressed a desire to find common ground in economic dialogue, a source familiar with the meeting told Reuters that Bessent maintained that no economic relief for Russia is possible until … Read more
The United States launched new air strikes on Islamic Revolutionary Guard Corps (IRGC) targets in Iran on Tuesday, September 1, 2026, threatening to reignite a six-month-old conflict that has driven global energy prices higher and weighed on President Donald Trump’s popularity at home, according to reports from Reuters. According to U.S. ET (1600 GMT) following … Read more
U.S. Treasury Secretary Scott Bessent urged Bank of Japan Governor Kazuo Ueda to conduct sound monetary policy to anchor inflation expectations and avoid excessive yen volatility during a G20 meeting in Asheville, North Carolina, according to the U.S. Treasury Department. The high-level discussions, held on September 1, 2026, cement the case for an impending Japanese … Read more
U.S. Treasury Secretary Scott Bessent stated that Japan’s government and central bank will take measures to strengthen the yen, signaling a strong probability of a Bank of Japan interest rate hike in September. According to CNBC and Reuters reports from Asheville, North Carolina, Bessent indicated during a Group of 20 finance leaders gathering that markets … Read more
China’s drug regulator has accepted Novo Nordisk’s application to sell an oral version of its Wegovy weight-loss drug, according to a Reuters report published on August 27. The regulatory filing in the world’s second-largest pharmaceutical market marks a step for the Danish drugmaker as it chases rival Eli Lilly in the burgeoning anti-obesity sector. Regulatory … Read more
The U.S. Department of Homeland Security proposed raising the H-1B visa application fee to a permanent $103,265, following a legal battle over President Donald Trump’s initial efforts to overhaul the skilled foreign worker program. According to Reuters reporting, the visa program allows technology companies and other industries to employ foreign professionals for a few years, … Read more
According to a Reuters/Ipsos poll that closed on Monday, U.S. public approval of the military action against Iran dropped to 31%, matching President Donald Trump’s popularity at a record low of 33% for the second straight survey. Iran War Approval Plummets Among Republicans Public backing for the military campaign has eroded steadily since the conflict … Read more
Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more
Indonesian President Prabowo Subianto is set to present his 2027 budget proposals this Friday, a move viewed as a critical test of his administration’s economic credibility. The president faces significant investor skepticism and declining public support amid concerns over government overspending, the independence of the central bank, and the future of state-led commodity export policies. … Read more