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Pakistan's foreign ministry said Oman played an important role in resolving the Strait of Hormuz issue.

2026-08-06

Pakistan's foreign ministry said Oman played an important role in resolving the Strait of Hormuz issue.

Other News
2026-08-06

Key News 1. Sources familiar with the matter revealed that Federal Reserve Chairman Warsh is prepared to raise interest rates at the September meeting if inflation data released in the coming weeks is strong and market expectations for rising borrow

Key News 1. Sources familiar with the matter revealed that Federal Reserve Chairman Warsh is prepared to raise interest rates at the September meeting if inflation data released in the coming weeks is strong and market expectations for rising borrowing costs intensify. 2. According to Al Arabiya TV: Oman and Iran will soon issue a joint statement on the transit corridor in the Strait of Hormuz. 3. Initial jobless claims in the US for the week ending August 1 were 199,000, compared to an expected 202,000 and a revised 198,000 for the previous week (originally 197,000). Stock News 1. Paramount (PSKY.O): The UK Competition and Markets Authority (CMA) approved Paramount Skydance's acquisition of Warner Bros. 2. SanDisk (SNDK.O) reported fourth-quarter revenue of $8.97 billion, a 372% year-over-year increase, with adjusted earnings per share of $39.25. The company expects first-quarter revenue to be between $10.3 billion and $10.8 billion, representing a potential 359% year-over-year increase. 3. Alphabet (GOOG.O) launched a 10-part US dollar investment-grade bond offering with maturities ranging from 2 to 40 years, raising up to $25 billion. 4. Western Digital (WDC.O) reported a 44% year-over-year increase in net revenue to $3.75 billion in its fourth fiscal quarter, with adjusted earnings per share of $3.56; it expects first-quarter revenue of $4 billion to $4.2 billion. 5. TSMC (TSM.N) is ramping up its 2nm production capacity to meet demand for Apple's A20 Pro processor, but due to a DRAM shortage, it has accumulated $1 billion worth of Apple processors, which will need to wait for DRAM delivery before final packaging can be completed.
2026-08-06

Fed governor Cook said the inflation threat outweighs labor-market concerns.

Fed governor Cook said the inflation threat outweighs labor-market concerns.
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