The PBOC’s 2Q2026 monetary policy implementation report said authorities should de-emphasize focusing on loans as a single funding channel and instead monitor loans together with bond and other financing. The report cited a structural shift—capital‑intensive sectors such as property and infrastructure have been contracting while new productive capacity is less loan‑intensive, reducing natural bank loan demand and raising the relative importance of bonds and equities; it said tech firms require d

Swiss government plans to establish a weapons fund financed by a temporary VAT increase and allocations from the military budget.

Satellite images show the first VLCC in weeks docking at a terminal near Ras Tanura on Saudi Arabia’s Persian Gulf coast, suggesting Riyadh is working to maintain crude exports. Shipping at Saudi ports remains affected by Iran-related conflict, Strait of Hormuz tensions and Houthi threats. Riyadh has shifted some loadings to Red Sea port Yanbu and is exporting via the SUMED pipeline to the Mediterranean. Yanbu activity has declined from earlier levels; three tankers are currently berthed there with combined capacity of about 3.4 mln barrels. Market participants say Saudi export flows are moving away from traditional Hormuz-to-Asia routes toward northbound Red Sea/Suez alternatives to reduce security risk. Some tankers have switched off AIS and satellite monitoring has temporal gaps, so actual Saudi crude loadings remain hard to confirm.