3h ago
Mizuho says yen’s slide to historic lows is breaking rate-driven trading playbook
Mizuho Bank said the yen’s slide to historic lows is forcing investors to rethink one of the most widely used frameworks for judging the currency’s moves. The bank said the yen’s direction is diverging from the traditional interest-rate differential trade logic between the US and Japan. It described the shift as structural rather than a short-term disruption. The divergence is reshaping trading in major pairs such as the yen versus the dollar and challenging institutions that rely on carry strategies.
3h ago
4h ago
Gold drops to seven-month low as fading U.S.-Iran deal hopes lift September Fed hike odds to 67%
Gold slid to a seven-month low, with spot prices at $3,981.69 per ounce, while silver, platinum and palladium also moved lower. The decline came as dimming prospects for a lasting U.S.-Iran peace deal stoked inflation concerns and pushed the implied probability of a Federal Reserve rate hike in September to 67%. Cleveland Fed President Beth Hammack said she could back higher rates if inflation pressures do not ease. Investors are awaiting June ADP employment data and Thursday’s nonfarm payrolls report for fresh signals on the policy path.
4h ago
5h ago
Oil edges up as Iran rejects direct talks with U.S. envoys; Brent at $73.45, WTI at $70.13
Oil prices climbed after Iran said it would not hold direct talks with U.S. envoys, weighing on prospects for an interim ceasefire in the Middle East and prompting a fresh repricing of geopolitical risk. Brent futures rose 0.69% to $73.45 a barrel and WTI gained 0.91% to $70.13. U.S. inventory figures from the API showed crude stocks fell 6.1 million barrels last week and gasoline inventories also declined, adding support to prices. Tanker traffic through the Strait of Hormuz has also recovered to prewar levels, easing fears of supply disruption.
5h ago
6h ago
US lifts export controls on Anthropic’s Claude Fable 5 and Mythos 5
The US Department of Commerce has lifted export controls on Anthropic’s most advanced AI models, Claude Fable 5 and Mythos 5, allowing the company to restore access for overseas users. The restrictions were imposed after Amazon identified a jailbreak that could bypass Fable’s safety guardrails, prompting an emergency suspension of foreign use. Anthropic said the controls were removed after it worked with the government to strengthen protections, though it did not disclose the specific technical changes.
6h ago
6h ago
Trump administration lifts export controls on Anthropic’s Mythos and Fable AI models
The Trump administration imposed emergency export controls on Anthropic’s newest AI model, Claude Fable 5, and ordered it taken offline over alleged “jailbreak” risks; the earlier Mythos model had also been restricted. Anthropic has been allowed to provide Mythos 5 to trusted organizations, while the public release of Fable 5 is limited to a version the company says has “no offensive capability.” The episode marks a sudden tightening in U.S. AI oversight, disrupting model deployment timelines and weighing on short-term demand expectations for high-end chips and advanced-node foundry manufacturing.
6h ago
7h ago
ACCC blocks Coles’ Kalgoorlie supermarket and Liquorland plan near airport
Australia’s competition regulator has used newly granted powers to block Coles’ plan to open a second supermarket and a Liquorland store near Kalgoorlie Airport, citing risks to competition. The Australian Competition and Consumer Commission said the acquisition was likely to substantially lessen competition in the local market. It is the first time the ACCC has used the new powers to stop a supermarket expansion. Coles said it disagrees with the decision and is considering an appeal.
7h ago
7h ago
Ofgem raises energy price cap; gas bills jump 24% and electricity up 5% for 33 million UK households
Britain’s energy regulator Ofgem has raised its price cap, lifting household gas bills by 24% and electricity bills by 5%, largely due to higher gas costs. Cornwall Insight said the fallout from the USIsraeli war with Iran continues to push up energy prices into the winter even after a temporary USIran truce. The new cap covers 33 million households, and the push to submit meter readings has grown more urgent as smart meter take-up remains limited.
7h ago