The Fed is divided. But its ‘hawks’ are likely to prevail and face Trump’s wrath
July 9, 2026 — 12:08pm
· Stephen Bartholomeusz
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Newest first · UTC+11:00S. Korea issues FX stabilization bonds worth 1.7 bln euros
SEOUL, July 9 (Yonhap) -- South Korea's finance ministry on Thursday said it has issued euro-denominated foreign exchange (FX) stabilization bonds worth 1.7 billion euros (US$1.94 billion), reflecting the country's solid standing in the global financial market.
· Kang Yoon-seung
BOK governor sees need for rate hike at appropriate time
The governor of the Bank of Korea said Thursday he sees the need for a rate hike at an appropriate time, noting the central bank will consider various factors, including inflation hovering above target and other financial risks.
· Yonhap
One Telstra outage is unlucky, but two in 24 hours? That looks like a pattern
July 9, 2026 — 11:58am
· Elizabeth Knight
Apple supplier Luxshare slips in Hong Kong's biggest listing of 2026
Visitors check out a Luxshare display at the China International Supply Chain Expo in Beijing on June 22. © Reuters
· LORRETTA CHEN
Is China’s biggest daily US soybean order confirmation of Xi-Trump summit pact?
The 472,000 tonnes sold were the most in a single day since November and a ‘positive signal’ of Beijing’s intentions, analysts said
· Lucy Quaggin
Is China’s biggest daily US soybean order confirmation of Xi-Trump summit pact?
The 472,000 tonnes sold were the most in a single day since November and a ‘positive signal’ of Beijing’s intentions, analysts said
· Lucy Quaggin
BOK governor sees need for rate hike at appropriate time
SEJONG, July 9 (Yonhap) -- The governor of the Bank of Korea (BOK) said Thursday he sees the need for a rate hike at an appropriate time, noting the central bank will consider various factors, including inflation hovering above target and other financial risks.
· Kang Yoon-seung
US Fed's inflation concerns grew at June meeting, minutes show
WASHINGTON (Reuters) -- Concern about high inflation mounted at the US central bank's meeting last month, as officials followed Federal Reserve Chairman Kevin Warsh's lead to a more stripped-down policy statement even amid concerns that price increases were broadening and might require interest rate hikes.
· Reuters
China consumer price growth weakens in June while producer inflation rises on export orders
China's consumer prices grew slower than expected in June, while wholesale inflation accelerated, as elevated energy costs continued to sap domestic demand.
· Anniek Bao
AirPods maker Luxshare slides over 5% in Hong Kong debut
Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut Thursday, as investors cheered the market entry of the Apple supplier.
· Jenny Lee
Russia fuel crisis spills over to Central Asia as drone strikes bite
As Russia tightens energy exports after Ukrainian drone strikes on its refineries, Kyrgyzstan is facing shortages of premium-grade gasoline, with consumers now turning to standard grade. (Photo by Ilkham Umarakhunov)
· Staff Writer
California inks nefarious deal with Canadians to save wine industry from brink of collapse
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· Daniel Farr
Visayas grid on red, yellow alerts
MANILA, Philippines — The National Grid Corporation of the Philippines placed the Visayas grid under red and yellow alert on Thursday, July 9, as several power plants remained unavailable amid high electricity demand.
· Chynna Grace Ong
Saudi Arabian tech giant eyes Hong Kong as Asia gateway and smart city partner
Elm, backed by Saudi Arabia’s sovereign Public Investment Fund, expresses strong ‘appetite’ for engaging with Northern Metropolis project
· Vivian Au
Saudi Arabian tech giant eyes Hong Kong as Asia gateway and smart city partner
Elm, backed by Saudi Arabia’s sovereign Public Investment Fund, expresses strong ‘appetite’ for engaging with Northern Metropolis project
· Vivian Au
S. Korea's fiscal balance improves through May
SEJONG, July 9 (Yonhap) -- South Korea's fiscal balance improved from a year earlier in the first five months of 2026 on strong tax revenue amid improved corporate earnings and a bullish stock market, the budget ministry said Thursday.
· Kang Yoon-seung
LG's $1bn move shows Vietnam climbing semiconductor value chain
LG Innotek's manufacturing complex in Hai Phong, Vietnam. The South Korean company is expanding its semiconductor-related operations in the country. (LG Innotek)
· LIEN HOANG
SK Group chief to visit US for SK hynix's listing debut on Nasdaq
SK Group Chairman Chey Tae-won will visit the United States to attend a ceremony marking SK hynix Inc.'s listing of its American depositary receipts on the Nasdaq market, industry sources said Thursday.
· Yonhap
[In This Economy] Will banning phones in schools work?
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· gdecastro0289
Mavericks owners froze Mark Cuban out of business opportunities in proposed arena move, lawsuit claims
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· Associated Press
SK Group chief to visit U.S. for SK hynix's listing debut on Nasdaq
SEOUL, July 9 (Yonhap) -- SK Group Chairman Chey Tae-won will visit the United States to attend a ceremony marking SK hynix Inc.'s listing of its American depositary receipts (ADRs) on the Nasdaq market, industry sources said Thursday.
· Kim Han-joo
It was 'love at first sight' with their adopted baby. Then they were told he may have been trafficked
Many of the babies have by now spent most of their lives in Singapore (Stock image of a family with toddler)
· Bbcnews
When will Hong Kong’s retail leasing market see a turnaround?
Analysts say that geopolitical tensions, Beijing’s measures against capital flight and potential rate hikes are adding to uncertainties
· Chris Tsang
When will Hong Kong’s retail leasing market see a turnaround?
Analysts say that geopolitical tensions, Beijing’s measures against capital flight and potential rate hikes are adding to uncertainties
· Chris Tsang
Gold, bond push boosts Hong Kong’s role in nation’s financial future
At a time of increasing global instability, Beijing needs to be a financial powerhouse to protect itself and others
· SCMP Editorial
Gold, bond push boosts Hong Kong’s role in nation’s financial future
At a time of increasing global instability, Beijing needs to be a financial powerhouse to protect itself and others
· SCMP Editorial
Biden-appointed judge reluctantly approves Elon Musk’s settlement with SEC over Twitter disclosures
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· Stephen Lee
Why electric cars cost more to insure - and what's being done about it
It's hot and bright beneath the high intensity lights in a cavernous crash and safety testing laboratory, hidden away in a business park outside Newbury.
· Bbcnews
Telstra glitches continue as ‘secondary’ outage hits triple-zero calls and regional trains remain stranded
Carrier says some still unable to connect to emergency hotline a day after initial mobile network outage
· Kat Wong
The Peninsula’s owner and SF Holding set up captive insurers in Hong Kong
The Hongkong and Shanghai Hotels CEO says the move enhances its risk management capabilities and supports its long-term growth
· Enoch Yiu
The Peninsula’s owner and SF Holding set up captive insurers in Hong Kong
The Hongkong and Shanghai Hotels CEO says the move enhances its risk management capabilities and supports its long-term growth
· Enoch Yiu
The latest space race is to become the first galactic garbageman and clear up 6,000 tons of floating debris
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· Lydia Moynihan
Trump’s tariff war pushes Brazil’s trade towards China as US share hits record low
Trading report lands as USTR weighs extra 25 per cent levy and Flavio Bolsonaro tells hearing that Lula ‘licks China’s boots’
· Igor Patrick
Trump’s tariff war pushes Brazil’s trade towards China as US share hits record low
Trading report lands as USTR weighs extra 25 per cent levy and Flavio Bolsonaro tells hearing that Lula ‘licks China’s boots’
· Igor Patrick
Raising Cane’s plots major California expansion — targeting wealthy suburbs
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· Brian Gallagher
United Airlines must face lawsuit after allegedly charging passengers extra for ‘window seats’ with no windows, judge rules
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· Fox Business
US hearing weighs higher tariffs over alleged forced labour, targeting China
Business groups clash with labour advocates at USTR hearing over whether new tariffs would improve workers’ rights or raise costs
· Han Li
US hearing weighs higher tariffs over alleged forced labour, targeting China
Business groups clash with labour advocates at USTR hearing over whether new tariffs would improve workers’ rights or raise costs
· Han Li
Webull to offer commission-free trades of US stocks in Japan
The Webull app has been downloaded 55 million times since its founding in 2016. © AP
· Staff Writer
US moves to delist Syria as a ‘state sponsor of terrorism’
The United States says it will remove Syria’s designation as a “state sponsor of terrorism”, a decades-old label that severely impeded investment, in a new vote of confidence in President Ahmed al-Sharaa.
· Al Jazeera Staff
1 in 5 USB drives recommended on Amazon have complaints about faked storage
All of the inexpensive Chinese-branded USB drives Nikkei purchased from Amazon had falsified storage capacity, an analysis found. (Nikkei montage)
· Staff Writer
USB drives on Amazon have 20% complaint rate about faked storage
All of the inexpensive Chinese-branded USB drives Nikkei purchased from Amazon had falsified storage capacity, an analysis found. (Nikkei montage)
· Staff Writer
Family that founded egg empire pocketed $320M during alleged price-fixing scheme: report
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· Ariel Zilber
Sun Valley’s ‘summer camp for billionaires’ is offering knitting classes this year — here’s why we shouldn’t be surprised
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· Charles Gasparino
Some College Students Are Testing At The Level Of 10-Year-Olds
Are you smarter than a 4th grader?
· Tyler Durden
Stocks drop worldwide; Oil spikes, Telstra hit by fresh faults
Shaky trading in global markets after escalating strikes in the war with Iran and a spike in oil prices is expected to further rattle Australia’s sharemarket when it opens.
· Staff reporters
How major US stock indexes fared Wednesday 7/8/2026
Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran.
· The Associated Press
SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq 100 inclusion
SpaceX stock closed at $148 on Wednesday, below the company's first trading price of $150 per share for a second day in a row.
· Lora Kolodny
France's TotalEnergies ships first LNG from Mexico project to Asia
A TotalEnergies tanker is loaded with liquefied natural gas at a new Mexican export facility bound for Asia. (Photo courtesy of ECA LNG)
· SHOTARO TANI