Caracas is close to shifting about $4 billion of central bank gold from London to New York, in a year when other central banks have been moving bullion the other way.
The BOJ raised its benchmark rate to 1.25% in a 7-2 vote and signalled more increases, but the two dissents were enough to send the currency lower.
Continental Resources, founded by Harold Hamm, has signed a memorandum of understanding with PDVSA to operate the Ayacucho 2 block, described as holding 30 billion barrels.
The Federal Reserve lifted its target range to between 3.75% and 4% in a unanimous vote, its first increase in three years.
The IRGC Navy says it hit the tanker Trend for attempting an illegal passage, in a strait where crossings are already down to single digits.
The two leaders hold their second face-to-face meeting of the year on 24 September, with agriculture and non-tariff barriers flagged for announcements.
Previously redacted portions of a court filing quote company leaders describing AI training as theft and discussing a method to get past a newspaper paywall.
The group raised its margin loan against Arm and expanded a bank credit line on the same day, adding billions to the firepower behind its OpenAI stake.
Rates stayed at 3.75% for a sixth meeting in a row, but the overhaul of quantitative tightening was the decision that moved gilt yields.
With the Digital Asset Market Clarity Act blocked in the Senate, the SEC and CFTC say they will write crypto rules under existing authority, and JPMorgan warns those rules may not hold.
The ratings agency raised its real GDP growth forecast for the current fiscal year to 7% from 6%, while flagging energy prices, the external account and debt as the offsets.
Fitch raised its private credit default rate to a record 6.3%, and the industry cannot agree on whether the true number is closer to 1% or 19%.
August retail sales beat consensus, weekly claims fell back below 200,000 and the Atlanta Fed’s tracker moved to a 5.1% annual pace.
Michelle Bowman says an independent report found examiners knew of the bank’s risks well before it failed, and that social media was not the cause of the run.
Two vessels were attacked in the strait on Friday while Central Command said it had redirected 105 commercial ships since the naval blockade began.
Barclays and UBS expect a hike as soon as November; ING is sticking with a hold, and markets price an 80% chance of a move.
Rome is deploying its navy to the southern Red Sea chokepoint after Houthi forces seized most of Yemen’s Red Sea coastline in a matter of days.
The ECB president intervened against an application that would have given the exchange passporting rights across the bloc, according to the Wall Street Journal.
The Treasury says an Iranian exchange moved payments for the authority that charges tankers to cross the strait, and that foreign firms dealing with it now face secondary sanctions.
Container, tanker and fertiliser markets are repricing at the same time as the strait stays largely shut.
Manila says its resupply boat was struck inside its own exclusive economic zone; Beijing says the Philippine vessel caused the collision.
Local pauses, a new Brazilian law and a near-unanimous House vote all landed in the same week, aimed at who pays for the power the AI build-out needs.
Industry bodies wrote to the president days before next week’s meeting, warning that market access for Chinese vehicles could be traded away.
The company said Buffett is leaving the board’s top job less than a year after handing the chief executive role to Greg Abel, with his son Howard becoming chairman.