Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
China Industrial Output Beats Forecasts as Exports Support Growth 
UK Economy Grows 0.4% in July, Beating Forecasts 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Treasury Buyback Fails to Cool Long-Term Yields 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears 
Add as a preferred source on Google
President Donald Trump signed legislation that would bar Chinese companies from being listed on any US stock exchanges unless they adhere to American auditing standards.
“The Holding Foreign Companies Accountable Act” requires foreign companies to comply with the US Public Accounting Oversight Board’s audits for three years in a row.
The act also requires disclosure of ownership or control by a foreign government.
The legislation applies to companies from any country although the bill's sponsors targetted Chinese companies listed in the US, such as Alibaba, Pinduoduo Inc, and PetroChina Co Ltd.
China has dismissed the measure as discriminatory and politically oppressive to Chinese firms.
Chinese authorities have cited national security concerns in their reluctance to let overseas regulators inspect local accounting firms.
The legislation had passed Congress by large margins earlier this year, with Democrat and Republican lawmakers echoing Trump's hard line against China.
