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Japan's prime minister Takaichi said foreign-exchange rates should be determined by the market.

2026-07-15

Japan's prime minister Takaichi said foreign-exchange rates should be determined by the market.

Other News
2026-07-15

Scotiabank says markets largely expect the Bank of Korea to raise rates 25 bps to 2.75% on Thursday, partly because policymakers have strongly signaled the move. Bank of Korea Governor Shin recently, while citing persistent inflationary pressure, sai

Scotiabank says markets largely expect the Bank of Korea to raise rates 25 bps to 2.75% on Thursday, partly because policymakers have strongly signaled the move. Bank of Korea Governor Shin recently, while citing persistent inflationary pressure, said "it is necessary to raise the policy rate at an appropriate time." The won has depreciated about 12% versus the US dollar since mid-last year, amplifying imported- and commodity-price pass-through. Core CPI is rising and house prices continue to climb, raising stability concerns, while exports—led by chips and broader tech—remain strong and are supporting growth. Scotiabank says the Bank of Korea will join other central banks that have recently tightened policy.
2026-07-15

Apple filed a trade-secret lawsuit alleging OpenAI used former Apple employees to obtain internal materials for an AI hardware product, saying OpenAI’s hardware team induced applicants to bring Apple documents and helped candidates evade company secu

Apple filed a trade-secret lawsuit alleging OpenAI used former Apple employees to obtain internal materials for an AI hardware product, saying OpenAI’s hardware team induced applicants to bring Apple documents and helped candidates evade company security checks. Apple also says a former iPhone engineer who left for OpenAI this year illegally took engineering demo slides and other internal files. OpenAI said it has found "no evidence" supporting the claims, emphasized respect for fair competition and talent mobility, and said it is focused on developing its own technology.
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