Market pricing implies about a 50% probability of a Federal Reserve rate hike in October.

Santander appoints Rincon as its first global head of commodities trading to drive growth.

The Ministry of Housing and Urban‑Rural Development said it stepped up enforcement in 2025 against illegal subcontracting and transfer of construction work, carrying out 260,270 project inspections nationwide. Local housing and construction authorities have imposed penalties including fines, confiscation of illegal gains, suspension for rectification, revocation of qualifications, restrictions on bidding eligibility and orders to cease practice. The ministry instructed local authorities to intensify efforts to curb certificate‑renting and sham affiliation, strengthen construction‑market supervision and improve the market environment.