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The Latest Breaking News from ING

Mortgage Rates May Stay Above 6% Through 2028, Reuters Poll Finds

Americans hoping for significantly cheaper mortgages may have to wait longer than expected. A new Reuters survey of housing analysts forecasts the average 30-year fixed mortgage will remain in the mid-6% range through at least the end of 2026, with only modest improvement afterward. That means many buyers who have…

Everybody Loves Your Money

The yen is quietly crashing as Japan’s debt crisis bleeds into currency markets, and efforts to halt the slide are 'doomed to fail,' economist says

"There’ll come a point when markets will just ignore intervention."

Fortune

Man Sues Alleging Brother-in-Law's Autobiography Book Jacket Summary "Whitewashes [Author's] Life Story"

From Wizmann v. Simon & Schuster, LLC, decided Thursday by the California Court of Appeal Justice Stephen Goorvitch, joined by… The post Man Sues Alleging Brother-in-Law's Autobiography Book Jacket Summary "Whitewashes [Author's] Life Story" appeared first on Reason.com.

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Australian shares dip as traders await next catalyst

Banks and miners have weighed on the Australian stock exchange in an underwhelming trading session, while energy, healthcare and IT stocks outperformed.

AAP

'We Can No Longer Afford This': Germany's Sick Leave Crackdown Sparks Backlash Over Day One Doctor's Note Rule

Germany's Chancellor Merz announces a comprehensive economic reform package, including changes to sick leave, tax relief, and pension adjustments, aimed at revitalising the economy.

International Business Times UK

Merchant, arbitrage flows extend rupee's losing streak even as dollar slumps

The Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank intervention. Market flows for arbitrage and merchant payments pressured the currency, which retreated from an early peak. Traders noted increased dollar demand and triggered stop-losses on rupee bets.

The Economic Times

Oil prices fall to pre-war levels as Strait of Hormuz shipping slowly recovers

Tanker traffic through Hormuz has begun to recover, though vessel movements remain well below pre-conflict levels

The Independent UK

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Rupee hits near three-week low at 95.24 vs USD as Asian currencies drop on Fed, Iran war caution

The Indian rupee hit a near three-week low on Wednesday, mirroring declines in Asian currencies. Investors grew cautious ahead of U.S. Federal Reserve Chair's remarks and uncertainty surrounding U.S.-Iran negotiations. Despite falling oil prices and measures to boost dollar inflows, analysts anticipate no significant rupee recovery in the coming year…

The Economic Times

'Don't want to look like America': 5 reasons why Europe is against air conditioners despite melting summers

As Europe reels under increasingly intense heat waves with temperatures crossing 40 degrees, one question continues to puzzle visitors from warmer parts of the world -- Why are so many homes, schools and even hospitals still without air conditioning?

The Times of India

FTSE 100 up as defence stocks rally on spend lift

The proposals see an extra £15 billion being pumped into defence spending up to 2030.

Evening Standard

Asian shares are mixed as tech stocks fall in Japan and South Korea

Asian shares are mixed as tech shares fall following a rout on Friday

The Independent UK

Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

Aramco resumes Ras Tanura oil ⁠loadings after ⁠four-month halt

Bangkok Post

European Banks Are Outperforming : Can These 3 Keep It Going?

European bank stocks trade at single-digit earnings multiples while posting strong net interest income growth, suggesting the sector remains undervalued.

MarketBeat

Copper rebounds on bargain hunting amid softer dollar, firmer risk appetite

Copper prices saw a rebound on Thursday, recovering from recent losses as investors seized bargain opportunities. A weaker dollar and a positive sentiment in broader financial markets, buoyed by strong tech earnings, also contributed to the uptick. While industrial metals face headwinds from persistent high U.S. interest rate expectations, the…

The Economic Times

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International Business Times UK

Gold Drops Below $4,000 After Sharp Selloff: Experts Urge Investors to Buy

Gold and silver prices have sharply declined due to a stronger US dollar, changing interest rate expectations, and easing geopolitical concerns, with gold falling below $4,000 per ounce.

The Economic Times

Rupee cushioned by central bank hand even as dollar strength dents Asia FX

The Indian rupee defied regional weakness on Wednesday, supported by likely Reserve Bank of India intervention against a strengthening dollar. While Asian peers faltered, the rupee held steady as traders braced for potential US Federal Reserve rate hikes. Concerns over inflation and oil prices are being closely monitored by the…

The Independent UK

Asian stocks are mixed after big tech sell-off

Asian stocks are mixed on Wednesday, following a sell-off in big technology stocks from Asia to Wall Street

The Economic Times

From coffee to booze: Rafael Oliveira, the new boss of Heineken

Heineken has appointed Rafael Oliveira as its new CEO, marking the first external hire for the top role. Oliveira, previously CEO of JDE Peet's, brings extensive international leadership experience from companies like Goldman Sachs and Kraft Heinz. His appointment follows a lengthy search and comes as he faces the challenge…

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AAP

US stocks hold near their records as trading resumes on Wall Street after a holiday weekend

U.S. stocks are drifting near their records after trading resumed following a three-day weekend for Wall Street

AAP

Wall Street quietly mixed in premarket, oil prices fall on optimism over U.S.-Iran negotiations

Trading in U.S. markets is mixed while oil prices are edging lower on fresh optimism over progress in U.S.-Iran negotiations

The Economic Times

Rupee snaps six-session winning streak as firmer dollar pinches

The Indian rupee slipped on Monday, snapping its six-day upward trend due to the strengthening dollar worldwide. While falling oil prices eased some apprehensions related to conflicts, the Federal Reserve's assertive monetary policy continues to support the dollar. Consequently, traders are bracing for further upticks in U.S. interest rates, which…

AAP

World shares are mixed and US futures fall as Iran talks make progress

World shares are mixed Monday, with Japan and South Korea trading higher and setting new records

The Independent UK

Asian shares are mixed and US futures fall as Iran talks make progress

Asian stocks are mixed Monday, with Japan and South Korea trading higher

The Guardian - AU

A Melbourne woman lost $646,035 to a romance scam. Should banks and dating apps be forced to refund victims like her?

The Albanese government says Australia will have the ‘world’s toughest anti-scam laws’, but consumer advocates fear they’re lacking

The Economic Times

Dollar firms as US-Iran peace deal hangs in balance; yen nears 40-year low

The dollar remains strong against most currencies, nearing a 40-year low against the yen, as a potential US-Iran peace deal hangs in the balance. Federal Reserve projections hinting at a year-end rate hike are boosting the dollar, with traders watching closely for any intervention by Japanese authorities to support their…

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