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S&P warns US manufacturing expansion masks deepening supply, confidence slump
Business confidence in the outlook fell to its lowest level since October 2025, marking a nine-month low
Egypt shelves its new Income Tax Act in favor of a third tax-facilitation package
The next package will target informal businesses, unresolved income-tax issues, and sector distortions before a fourth round introduces tougher enforcement
Joint US-Japan currency intervention buys Tokyo time for a September rate hike
The highly unusual coordinated move is a band-aid. Markets know the real fix requires the BOJ to raise rates
Central banks bought less gold in 1Q than initially estimated -WGC
WGC revision for 1Q data shows net purchases dropped to 56 tonnes from a previously estimated 244 tonnes
Household electricity tariffs hiked by an average of 12%
Good morning, everyone. We have a big macro story and a quieter industry read for you today that both, in…
Fed keeps rates steady after divided meeting
The rate has sat at its lowest level since November 2022 for five straight meetings
Chipmaker slump hits global markets as investors reassess AI outlook
China’s rise in AI is also raising concerns among investors
Trump’s 2027 minerals deadline runs into US supply reality
Trump’s plan to end US reliance on Chinese critical minerals faces challenges
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