Japan PM Ishiba resigns after bruising election losses

Japanese Prime Minister Shigeru Ishiba resigned, prompting policy uncertainty. His tenure ended amid election losses and economic challenges, with potential successors creating investor concerns.

South Korea to tighten mortgage rules in Seoul, boost housing supply

South Korea introduces stricter mortgage rules and plans to increase affordable housing in Seoul to address a housing shortage and control home prices.

US Senate rules change would speed Fed Board nominations, Republican aide says

A proposed Senate rules change could expedite the confirmation of President Trump’s Fed nominee, Stephen Miran, simplifying the process for executive branch nominations.

US appeals court voids Biden-era electric vehicle fuel economy rule

A U.S. appeals court voids a Biden rule on EV fuel economy, siding with Republican states claiming it overstated electric vehicle efficiency, impacting gas vehicle production and road maintenance costs.

Fed’s Goolsbee says he’s undecided on Sept rate cut, defends Fed independence

Goolsbee remains undecided on a potential interest rate cut, emphasizing the Fed's independence amidst political pressures and responding to concerns regarding nominee Stephen Miran's impartiality.

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Companies tap US bond market for nearly $70 billion, starting September on a busy note

Investment-grade corporate borrowers raised nearly $70 billion in U.S. debt markets this week, surpassing expectations, as low borrowing costs and tight spreads drive bond demand.

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Investors look for more aggressive US rate cuts after weak jobs data

Weak U.S. payrolls raise speculation of a monetary easing, increasing chances of a significant interest rate cut by the Fed, amid fears of further economic slowdown and inflation.

Analysis-US bond market may be too sanguine about underlying fiscal, inflation risks

Investors see potential issues in the U.S. bond market due to fiscal risks and political pressure on the Fed, influencing yields and inflation expectations.

Zelenskiy meets Slovakia’s Fico, says Ukraine will respond to Russia’s energy attacks

Zelenskiy vows Ukraine will counter Russian attacks on energy facilities, despite criticism from Slovakia and Hungary. Talks highlight differing approaches to energy supplies amid ongoing conflict.

Treasury Secretary Bessent calls for "entire" review of Fed

Treasury Secretary Scott Bessent urges scrutiny of the Federal Reserve's operations and policies, advocating for reduced influence over interest rates and other governmental oversight.