FinNotes

7 matches across 1 sections

Market news & articles

Energy & Commodities · a day ago

Crude climbs over $1 after Iran says Strait of Hormuz is shut following fresh U.S. strikes

Oil prices rose by more than $1 after Iran said the Strait of Hormuz was closed following additional U.S. strikes on Iranian cities. The move raised concerns over Middle East supply flows, while the U.S. Energy Information Administration said lower 2026 demand could limit the impact of disruption on prices.

Central Banks & Policy · a day ago

Ethiopia Sets Record 2.34 Trillion Birr Budget, With Deficit Seen at 1.4% of GDP

Ethiopia approved a draft federal budget of 2.34 trillion birr for the next fiscal year, about 21% higher than the previous year, with spending directed to regular and capital outlays and transfers to regional governments. Authorities expect a budget deficit of 1.4% of GDP, while debt restructuring talks, including with Eurobond holders, continue.

Economy · 2 days ago

Macron to host Thursday video talks with G7, China and IMF on global economic imbalances

French President Emmanuel Macron is set to chair a Thursday video conference on global economic imbalances involving G7 members, China and the International Monetary Fund. Other countries invited to the G7 summit, including Brazil, South Korea, India, Kenya and Egypt, are also expected to take part.

Economy · 2 days ago

World Bank says Cambodia's economy is holding up as 2025 FDI climbs and early-2026 exports rise

The World Bank said Cambodia’s economy remained resilient, with foreign direct investment reaching $5.1 billion, or 10.1% of GDP, in 2025, up 15% from a year earlier. Goods exports excluding gold increased 17.7% year on year in the first quarter of 2026, according to its June update.

Deals & Capital Markets · 2 days ago

Ares secures $8.5 billion for specialty credit vehicle, topping target within six months

Ares Management said it raised $8.5 billion from institutional investors for its latest specialty credit fund, exceeding its $6.5 billion target and hitting the fund's hard cap less than six months after its January 2026 launch. The fundraising was disclosed amid slower flows from retail and wealthy clients and higher redemption requests.

Central Banks & Policy · 2 days ago

Bank of Canada Keeps Overnight Rate at 2.25% as Growth Weakens and Inflation Stays Elevated

The Bank of Canada left its overnight rate unchanged at 2.25%, saying weaker economic activity and higher inflation complicate policy decisions. Officials said inflation is expected to be near 3% in coming months, broad-based price pressures from energy remain limited, and growth is projected to resume in the second quarter while economic slack persists.

Economy · 4 days ago

World Bank warns Thailand’s data center buildout could strain water and power without broader digital economy gains

The World Bank said data centers consume large amounts of water and electricity and warned Thailand may not yet have a sufficiently developed digital economy to generate economy-wide benefits that offset those resource demands. It also cited the absence of mechanisms to price industrial resource use, including water, as a key challenge.