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Sweden’s central bank kept its benchmark interest rate in place as inflation continues to climb, but said it could resume cutting rates later this year, the Wall Street Journal reported. The policy rate will be left at 2.00%, the Riksbank said Wednesday, in a decision widely expected by investors. But “the Executive Board sees some probability of a further interest rate cut this year,” the central bank said. “The upturn [in annual inflation] is assessed to be due to temporary factors,” it said in a release.
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New Zealand's central bank cut its policy rate by 25 basis points to a three-year low of 3.00% on Wednesday, and flagged further reductions in coming months as policymakers warned of domestic and global headwinds to growth, Reuters reported. The central bank's dovish tone caught markets offguard and sent the New Zealand dollar tumbling 1.2% to a 4-month low at $0.5817, while two-year swap rates slumped as deep as 2.93% -- their lowest level since early 2022.
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A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month, Reuters reported. A final winner recommendation in the complex court-organized auction is expected to be submitted by the end of this month, Judge Leonard Stark said in a hearing.
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In July, there were 116 company insolvencies registered in Scotland, slightly lower than the number during the same month last year, Business Insider reported. The total number of company insolvencies was comprised of 68 company voluntary liquidations, 43 compulsory liquidations, four administrations and one company voluntary arrangement. There were no receivership appointments. The latest figures from Accountant in Bankruptcy, Scotland’s insolvency service, also showed that between 26 June 2020 and 31 July 2025, there were three restructuring plans and one moratorium.
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Reliance Communications (RCom) has accused Swedish telecom giant Ericsson of misusing India’s Insolvency and Bankruptcy Code (IBC) as a coercive tool for debt recovery, ElectronicsforYou.biz reported. The allegation was made before the National Company Law Tribunal (NCLT) in Mumbai, where RCom is seeking a refund of ₹550 crore paid to Ericsson under a 2018 settlement. Senior counsel Gaurav Joshi, appearing for RCom, argued that the IBC was being misapplied by Ericsson as a substitute for debt enforcement.
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An administrator's report on a collapsed English law firm shows that its problems were exacerbated by issues resulting from cyber-attacks. Glaisyers LLP was established in Birmingham more than 150 years ago, but had been insolvent for some time before entering administration earlier this month, according to the Law Society Gazette of England and Wales. Before administration, the firm operated a property department that was subject to a cyber-attack. This increased claims on the firm’s professional-indemnity insurance policy, causing premiums to jump.
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European exports to the U.S. continue to slow sharply, underscoring the drag the continent’s trade faces from President Trump’s trade tariffs, the Wall Street Journal reported. Exports to the U.S. from the 27 nations that make up the European Union dropped 10% on year in June to hit their lowest level since the end of 2023, at a little over 40 billion euros ($46.8 billion,) according to figures released Monday by statistics agency Eurostat. The bloc’s overall trade surplus shrank to just 1.8 billion euros, down from 12.7 billion euros a month earlier.
Switzerland is seeing a more than fivefold surge in mergers and acquisitions that’s outpaced most of its European peers, giving bankers hopes for a lucrative payout this year, Bloomberg News reported. The volume of takeovers targeting Swiss companies has jumped 465% to $16.7 billion so far this year, according to data compiled by Bloomberg. Private equity firms are particularly active, with Advent announcing late Sunday it has agreed to acquire Zurich-listed chipmaker U-blox Holding AG in a deal valued at 1.05 billion Swiss francs ($1.3 billion).
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China is expected to keep benchmark lending rates unchanged for the third straight month in August this week, a Reuters survey showed, despite a string of recent economic data suggesting the economy might lose some momentum. Rather than resorting to broad-based monetary easing, the central bank may instead place greater emphasis on structural policies aimed at specific sectors to support the economy, market watchers said. Meanwhile, Beijing's ongoing "anti-involution" campaign to get rid of industrial overcapacity could also help combat persistent deflationary pressure.
Brazil's central bank is still assessing whether the benchmark interest rate at 15% is appropriate to bring inflation down to its 3% target, economic policy director Diogo Guillen said on Monday, Reuters reported. Policymakers kept rates unchanged in late July at a near 20-year high after 450 basis points in hikes since last September. They signaled borrowing costs would remain steady for a "very prolonged" period. Guillen stressed that the guidance signaled more rate holds. "We are still evaluating whether this is the appropriate rate to bring inflation to target," he said.
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