The US government will this week warn companies of increasing risks of operating in Hong Kong and also update a previously issued warning on Xinjiang, the Financial Times reported on Tuesday.

As central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and technical plans, according to more than half a dozen industry executives and public filings.

China will base the pace and intensity of monetary policy on the domestic economy and inflation trends in the second half of the year, a central bank official said on Tuesday, following a surprise cut in bank reserves to bolster the economic recovery.

Financial firms may need to bolster their defences in the face of rocketing cyber-attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. 

The US securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters. 

Palm oil prices in India have risen more than six per cent even after the government cut import tax and allowed shipments of refined palm oil as its price overseas jumped in anticipation of strong demand from the world’s biggest buyer, industry officials said. 

China’s southern Guangdong province said it plans to build a common data platform for the Greater Bay Area that includes Hong Kong and Macau, and will build a data trading market in Shenzhen - part of efforts to regulate data more thoroughly. 

Risk currencies hovered above their recent lows against the dollar and the yen on Monday, as fears about slowdown in the global economic recovery appeared to have subsided for now.

Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market, the Gulf states said in a joint statement, Trend reports with reference to Reuters. 

China’s Ministry of Industry and Information Technology said on Monday it has issued a draft three-year action plan to develop the country’s cyber-security industry, estimating the sector may be worth more than 250 billion yuan ($38.6 billion) by 2023.

The European Commission will delay its plan to put forward a new levy on digital services later in July, a spokesman said on Monday, following intense pressure from the US administration. 

Spain will invest 4.3 billion euros ($5.1 billion) to kick-start the production of electric vehicles and batteries as part of a major national spending programme financed mostly by European Union recovery funds, the government said on Monday. Prime Minister Pedro Sanchez said the government-run plan would include the whole production chain, giving grants to companies with the goal of building the country’s first battery plant and boosting manufacturing of electric vehicles.

European Union foreign ministers agreed on Monday to launch a global infrastructure plan linking Europe to the world, its latest step after deals with India and Japan and a similar pledge by the Group of Seven richest democracies. 

The European Central Bank’s meeting next week will see policymakers discuss changing the forward guidance they give on the direction of policy following the ECB’s shift to a more symmetrical 2 per cent inflation target. 

The European Union is set to take the lead in climate policy action among the world’s biggest greenhouse gas emitters this week, with a raft of ambitious plans designed to cut emissions drastically over the next decade. 

An upsurge in new infections caused by the Delta coronavirus variant capped equity and commodity price gains on Monday, with Wall Street tipped to open lower and bond yields holding just above multi-week lows.  

Nepal's Supreme Court has reinstated its parliament, which was dissolved by caretaker Prime Minister KP Sharma Oli in May, and ordered that his rival Sher Bahadur Deuba be appointed as prime minister.

Countries should be able to tax a quarter of big multinationals’ profits no matter where they are earned, France proposed on Saturday at a G20 finance ministers meeting focused on overhauling the rules for cross-border corporate taxation. 

Lisbon’s restaurant owners, already struggling to survive without the usual hordes of summer tourists, expressed consternation at a new measure implemented on Saturday requiring tests or a vaccination certificate to sit indoors.

Egypt’s revenue from the Suez Canal for the 2017-2018 financial year rose 11.5 per cent to a record high $5.585 billion (4.20 billion pounds), the canal authority said in a statement on its website on Sunday.