EUR/USD
1.16637
0.004%
Gold
4657.23
0.120%
Oil
84.570
0.022%
USD/JPY
159.104
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GBP/USD
1.36321
0.013%
GBP/JPY
216.912
0.036%
Real-time News
On August 25th, the Organization for Economic Cooperation and Development (OECD) released preliminary data on August 24th, showing that the GDP of OECD member economies grew by 0.5% quarter-on-quarter in the second quarter of 2026, slightly faster than the 0.4% growth in the first quarter. However, the growth rate of the G7 economies slowed, with GDP growing by 0.3% quarter-on-quarter in the second quarter, lower than the 0.4% in the first quarter. The data shows that the economic growth rates of five members—Germany, Italy, Japan, the UK, and the US—all slowed. Germany and Italy both saw GDP growth of 0.2% quarter-on-quarter in the second quarter, Japan by 0.3%, and the UK and the US by 0.4%. Canadas growth rate rose from zero in the first quarter to 0.8%, and Frances economy rebounded from a contraction of 0.1% in the first quarter to growth of 0.2%. Of the 30 OECD members with available data, 27 saw quarter-on-quarter GDP growth in the second quarter, while 3 remained flat. The GDP of OECD member economies grew by 2.3% year-on-year in the second quarter, higher than the 1.7% growth in the first quarter.On August 25, US Secretary of State Marco Rubio issued a statement on the 24th, saying he had approved the formal withdrawal of the US designation of Syria as a "state sponsor of terrorism." The Syrian transitional government welcomed the US decision. Rubio stated that the Syrian transitional government had taken significant steps in counterterrorism, and the US decision "removed the last major obstacle to private sector investment in Syria" and will "promote Syrias economic recovery and its reintegration into the global economy." In the same statement, Rubio also announced the removal of the Liberation Army of Syria (HAL) from the US list of designated terrorist organizations.UK Maritime Trade Organization: Crew reports safety, but related environmental impacts were unclear at the time of reporting.The UK Maritime Trade Organization has received reports of an incident 9 nautical miles northeast of Ash Hisha, Oman, where the tanker captain reported that the vessel was attacked by an unknown projectile, resulting in damage to the engine room and loss of power.August 25th - According to Nikkei, Japan plans to allocate approximately 100 billion yen (about US$628 million) to help domestic companies purchase submarine cable-laying vessels to mitigate risks such as rising costs. The Ministry of Internal Affairs and Communications will include this expenditure in its fiscal year 2027 budget request, scheduled for submission at the end of August. The ministry is considering covering about half of the vessel procurement costs, with each vessel potentially costing over 40 billion yen. Procurement costs have been rising due to the depreciation of the yen and increasing raw material prices. This will reportedly be the first time Japan has directly supported the procurement of submarine cable-laying vessels. The 2027 budget plans to support the purchase of 3 to 5 vessels, aiming to encourage private sector investment.
