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OECD oil stocks set to fall to lowest level since 2003 as Middle East crisis drains reserves
Commercial and strategic crude oil inventories in Organization for Economic Cooperation and Development (OECD) countries are set to fall to their lowest levels in 23 years, according to Reuters, citing...
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UK regulator places Euro Exchange under special external management over money‑laundering concerns
The UK Financial Conduct Authority has initiated proceedings to place London payments firm Euro Exchange Securities UK Ltd. under a special external administration. The regulator intervened amid serious suspicions that...
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China’s PBOC extends its gold-buying streak to 19 months
The People’s Bank of China has recorded an increase in its official gold reserves for the nineteenth straight month as of May, continuing the longest uninterrupted gold-buying campaign since...
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Trump leaves decision on rate cuts to Fed chair Kevin Warsh
US President Donald Trump publicly said he would like to see rate cuts in the country, but stressed that the final decision at the October meeting will rest with...
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China dials back trade with US while increasing engagement with EU
For the first five months of 2026, trade between the United States and China has declined, while Beijing’s trade volumes with Europe have seen significant growth. According to data from...
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Trump announces 'complete victory' over Iran and drop in oil prices within two weeks
US President Donald Trump said during an online briefing on June 8 that the military conflict in the Middle East would be over soon. According to the American leader...
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ECB tightens credit screws as inflation hits household budgets and growth slows
The eurozone faces a sharp economic slowdown in 2026 amid an energy crisis stemming from the Middle East. Deutsche Bank Research has downgraded its GDP growth forecast for the region...
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Citi analysts issue bullish forecast despite worst stock slump since October
Citi’s analyst Scott Chronert upgraded his S&P 500 target from 7,700 to 8,100 points for the end of 2026. The aggressive revision is based on a large acceleration in corporate...
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Washington eyes Iranian assets to finance Gulf rebuilding
The US Treasury has identified a bizarre funding source to finance the reconstruction of Persian Gulf states after the large‑scale 2026 war. Washington is considering confiscating frozen Iranian assets...
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Analysts dash Kevin Warsh’s inflation victory hopes
Federal Reserve Chairman Kevin Warsh’s assertion that artificial intelligence will serve as a powerful disinflationary force is at odds with current macroeconomic data, according to analysts at BCA Research. Warsh...