Why China took over Zhongbang Bank – and what it says about hidden financial stress
Regulators intervened over concerns of aggressive expansion and credit risks, in a case that underscores vulnerabilities in some smaller regional lenders
· Emma Ma
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Newest first · UTC+11:00EasyJet shares soar 10% on Castlelake’s $7.3B takeover bid for budget airline
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· Taylor Herzlich
Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’
US president rings bell from White House and showcases initiative that gives children a $1,000 investment account
· George Chidi
Toyota, Honda see China sales drop in 1st half as buyers shift to EVs
The bZ3X SUV, an EV model sold by GAC Toyota. (Photo by Shizuka Tanabe)
· Staff Writer
US Services Surveys Show Continued Expansion In June: Jobs Up, Inflation Down
Following US manufacturing small dip in June (though still expanding), the US Services sector PMI surveys are a little more mixed but both still solidly in expansion in June:
· Tyler Durden
ADCB says mobile banking restored for most customers after disruption | The National
Abu Dhabi Commercial Bank announced on Monday its mobile app has been restored and is fully functional for most customers, after a week of technical disruption.
· The National
From Manchester to Downing Street: What Burnham could mean for Palantir
London, United Kingdom – Should Andy Burnham enter Downing Street as early as July 17, if he is confirmed unopposed as Labour leader, one of his most consequential early decisions will have nothing to do with defence spending, immigration, or the economy.
· John Kjorstad
'Electronic warfare is a tech phenomenon': Why the market is rethinking defense valuations
The rapidly evolving nature of warfare and modern military requirements should prompt investors to rethink valuations in the defense sector, according to Panmure Liberum strategist Joachim Klement.
· Elsa Ohlen
Russia & Ukraine Trade Some Of Biggest Strikes Of War On Eve Of NATO Summit
Russia has unleashed another massive drone and missile attack wave on Ukraine's capital, just on the eve of the major annual NATO summit, which is in Ankara, Turkey this week.
· Tyler Durden
Dubai plane lessor DAE and US-based Neuberger launch $6bn leasing venture | The National
Plane lessor Dubai Aerospace Enterprise (DAE) has partnered with US-based Neuberger Specialty Finance to launch Mustang Aerospace, a new aircraft leasing co-investment vehicle targeting up to $6 billion in assets over the medium term.
· Shweta Jain
Cabo Verde wows at World Cup – with an economic assist from China
From boots to building a stadium, China played a vital role in helping the West African nation qualify for football’s biggest tournament
· Mia Nurmamat
Cabo Verde wows at World Cup – with an economic assist from China
From boots to building a stadium, China played a vital role in helping the West African nation qualify for football’s biggest tournament
· Mia Nurmamat
Porsche To Eliminate 4,000 Jobs In Germany: Report
Germany was once the industrial engine of Europe, but years of disastrous climate change policies, high energy costs, and left-wing economic mismanagement have battered its manufacturing base. This pressure has been roiling the country's auto industry, where struggling carmakers are restructuring operations through …
· Tyler Durden
Why Peru wants to shift its relationship with China beyond raw mineral supplies
Lima is courting Chinese investment as it looks to a ‘new phase’ in their economic relationship, the country’s ambassador told a forum
· Cao Jiaxuan
Why Peru wants to shift its relationship with China beyond raw mineral supplies
Lima is courting Chinese investment as it looks to a ‘new phase’ in their economic relationship, the country’s ambassador told a forum
· Cao Jiaxuan
SK hynix lowers Nasdaq ADR offering to 43 tln won
South Korean chip giant SK hynix Inc. said Monday it plans to raise up to 43.14 trillion won ($28.14 billion) through a stock offering linked to the listing of its American depositary receipts on the Nasdaq market.
· Yonhap
Israel's Energy Ministry launches exploration bid to find more natural gas in its economic waters
Israel is launching a new competitive process to search for more natural gas in the country's economic waters, Energy and Infrastructure Minister Eli Cohen said on Monday.
· JAMES GENN
Japanese government bonds have a three-body problem
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· Steven Linsley
EU should think twice before weaponising its market against China
Market size and coercive leverage are not the same thing and the EU remains more dependent on China than policymakers think
· Li Xing
EU should think twice before weaponising its market against China
Market size and coercive leverage are not the same thing and the EU remains more dependent on China than policymakers think
· Li Xing
Futures Rise As Tech Rebounds In Post-Holiday Catch Up
US equity futures point to a firmer cash open as traders return from the long weekend, but the bigger question is whether investors continue to rotate out of the crowded AI trade and into the broader market. As of 8:00am ET, S&P futures rise 0.4%, while Nasdaq 100 contract rise 1.1% as most Mag 7 names are in the gr…
· Tyler Durden
Beijing opens lithium futures to foreign traders to cement pricing power over US
Miners, battery makers and traders outside China can now trade lithium carbonate futures and options on the Guangzhou Futures Exchange
· Themis Qi
Beijing opens lithium futures to foreign traders to cement pricing power over US
Miners, battery makers and traders outside China can now trade lithium carbonate futures and options on the Guangzhou Futures Exchange
· Themis Qi
"I Can Negotiate": Castro's Grandson Says He's Ready To Discuss Cuba's Future With President Trump
Raúl Guillermo Rodríguez Castro, former Cuban president Castro's grandson and one of the more important shadow figures inside Cuba's communist ruling circle, told USA Today in an exclusive interview that he is prepared to speak directly with President Trump, signaling publicly a potential back-channel opening as the…
· Tyler Durden
Why Trump is ringing stock market opening bells
President Donald Trump meets with NATO Secretary General Mark Rutte in the Oval Office at the White House, Wednesday, June 24, 2026, in Washington. (AP Photo/Jacquelyn Martin)
· Josh Boak
How New York’s ‘summer camp kings’ left Israeli investors burned
The sudden collapse of summer camp company Simad Holdings, whose owners had emptied it of its cash, struck Tel Aviv investors with dismay. Towards the end of May, less than six months after it raised NIS 620 million in a bond offering in Tel Aviv, the New York-based company was plunged into a debt crisis, in what is…
· NETANEL ARIEL/GLOBES/TNS, EITAN GERSTENFELD/GLOBES/TNS
125 arrested as triads use violence to take over construction site lunchbox trade
Syndicate sold about 800 lunchboxes daily, each priced at HK$50, with an annual turnover of nearly HK$12 million
· Lo Hoi-ying
125 arrested as triads use violence to take over construction site lunchbox trade
Syndicate sold about 800 lunchboxes daily, each priced at HK$50, with an annual turnover of nearly HK$12 million
· Lo Hoi-ying
Singapore bets on ‘early-mover’ edge in labour pact with East Timor
Singapore’s move will help address its manpower shortage and allow it to seize opportunities in a ‘young emerging market’, analysts say
· Kolette Lim
Singapore bets on ‘early-mover’ edge in labour pact with East Timor
Singapore’s move will help address its manpower shortage and allow it to seize opportunities in a ‘young emerging market’, analysts say
· Kolette Lim
Mamdani officials scramble to ease concerns about public supermarkets — but local business leaders aren’t buying it
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· Lisa Fickenscher
Japan's Sapporo to invest $643m in joint venture with Carlsberg
Japan's Sapporo Breweries said on July 6 that it will invest $643 million in a Singapore-based joint venture to be set up with Danish beer maker Carlsberg. (Source photos by Sae Kamae and Reuters)
· Staff Writer
Philippines races to lock in cheaper loans after upper-middle-income upgrade
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· lkyu0285
SK hynix lowers Nasdaq ADR offering to 43 tln won
SEOUL, July 6 (Yonhap) -- South Korean chip giant SK hynix Inc. said Monday it plans to raise up to 43.14 trillion won (US$28.14 billion) through a stock offering linked to the listing of its American depositary receipts (ADRs) on the Nasdaq market.
· Kim Eun-jung
BNI Philippines concludes IBMC 2026 with international leaders, networking success
BNI Philippines successfully hosted the International Business Matching Conference (IBMC) 2026 at the Newport Performing Arts Theater on June 17–18, bringing together BNI members, entrepreneurs, business leaders, and professionals from around the globe under the theme “Accelerate.”
· The Manila Times
Ukraine pushes civil drone drive with Japan and Taiwan
Ukrainian military personnel prep a Raybird reconnaissance drone manufactured domestically by Skyeton for deployment against Russian forces last month. © Reuters
· Staff Writer
Cantopop star Sammi Cheng’s Kai Tak Stadium concerts postponed over stage glitch
Appreciation shows to be held in place of concerts, with ticket holders given option to seek refund or keep passes for rescheduled event
· Theodora Yu
Cantopop star Sammi Cheng’s Kai Tak Stadium concerts postponed over stage glitch
Appreciation shows to be held in place of concerts, with ticket holders given option to seek refund or keep passes for rescheduled event
· Theodora Yu
MUFG and JCB court rich Southeast Asians with luxury card for Japan visits
Mitsubishi UFJ Bank and JCB are aiming to attract wealthy customers in Southeast Asia to spend more money in Japan. (Source photos by Akira Kodaka and Kosuke Imamura)
· TSUBASA SURUGA
China's state-directed absorption of local bank highlights debt pressure
Ding Xiangqun, the newly appointed head of the National Financial Regulatory Administration, speaks at the Lujiazui Forum 2026 in Shanghai on June 17.
· Staff Writer
China’s latest nuclear reactor goes live, first in Greater Bay Area with Hualong One tech
New reactor at Taipingling Nuclear Power Plant launches as Guangdong sees a growing number of reactors built across the province
· Frank Chen
China’s latest nuclear reactor goes live, first in Greater Bay Area with Hualong One tech
New reactor at Taipingling Nuclear Power Plant launches as Guangdong sees a growing number of reactors built across the province
· Frank Chen
Global investors pivot from access to scale in yuan operations, anchored by Hong Kong
Three quarters of respondents expect to increase yuan allocations over the next one to two years
· Daisy Wu
Global investors load up on yuan for portfolio diversification: HSBC survey
Three quarters of respondents expect to increase yuan allocations over the next one to two years
· Daisy Wu
Indonesia deports 92 Chinese nationals, issues lifetime entry bans in anti-scam crackdown
The Chinese nationals were arrested in May in connection with an alleged online gaming and investment fraud syndicate operating from Batam
· SCMP’s Asia desk
Indonesia deports 92 Chinese nationals, issues lifetime entry bans in anti-scam crackdown
The Chinese nationals were arrested in May in connection with an alleged online gaming and investment fraud syndicate operating from Batam
· SCMP’s Asia desk
After the frontlines: Palmyra’s fight for cultural and economic revival
By the time the Islamic State (IS) captured Palmyra in 2015, Syria had already endured years of civil war.
· Middleeasteye
Japan's Sapporo to invest $643m in Carlsberg Singapore venture
Japan's Sapporo Breweries said on July 6 that it will invest $643 million in a Singapore-based joint venture to be set up with Danish beer maker Carlsberg. (Source photos by Sae Kamae and Reuters)
· Staff Writer
Arada launches property investment platform with $5bn target | The National
Sharjah-based developer Arada has launched a new investment platform that aims to manage $5 billion in assets within four years as it seeks to channel institutional capital into real estate opportunities across the Gulf.
· The National