Economy

Oil prices increased following positive trade negotiations news between the U.S. and Japan, but geopolitical factors such as the Ukraine war and sanctions maintain market tension.

The U.S. and Japan agreed to cut import tariffs to 15% on vehicles and other goods. The deal could set a precedent for future U.S. trade negotiations.

Russia’s wheat exports to China crashed 19-fold in six months. In June, China didn’t import a single kilogram of Russian wheat. One of Moscow’s key markets is slipping away.

Nvidia informed Chinese clients of limited H20 AI chip supplies allowed for export and announced the development of a new RTX Pro GPU.

Polysilicon prices in China continue rising for the third week, reaching $5,809 per ton amid government measures to curb overproduction.

Italy, Spain and France face mounting debt while the EU struggles to fund defense, climate and migration policies amid growing internal divides.

The USDA lowered its wheat production forecast for Ukraine to 22 million tons, while soybean output is expected to reach a record 7.6 million tons.

SpaceX has invested $2 billion in xAI after its merger with X, raising the combined company’s valuation to $113 billion and expanding Grok’s role in Musk’s ecosystem.

Ukraine and EBRD signed a memorandum to launch a new stock exchange, create a unified market infrastructure, and attract an international investor via a public tender.

Oil prices declined amid U.S. tariff threats, despite strong gasoline demand in the U.S. and signs of stable global consumption.