Financial Times reported that Stanley Druckenmiller, an ally of Fed chair Kevin Warsh, said US borrowing costs remain 'slightly low' and called central bank officials who say policy is restrictive 'absurd'.

ECB will adopt a data-dependent, meeting-by-meeting approach to determining the appropriate monetary policy stance.

At its 1H 2026 online results briefing, Tongqinglou said current profit pressure is temporary, driven by a concentrated opening of Fumao hotels that has raised opening costs, depreciation and finance expenses, together with a temporary softening in dining and banquet demand — a threefold transitional effect rather than a deterioration in core operations. New Fumao properties typically need a 1-2 year ramp; operating data are improving and some sites have exited the ramp and turned profitable. The company expects the Fumao segment to progressively release earnings over the next 1-2 years, with existing projects largely completing ramp and forming a stable profit model within 3-5 years to support its long-term strategy.