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RBNZ Raises OCR to 2.5% on July 8: First Hike Since 2023
RBNZ raises official cash rate to 2.5% from 2.25%, the first hike since May 2023. Banks increase floating rates by 25 basis points. Fixed rates had already risen 70 basis points.
Bitcoin Falls Below $62K as Trump Ends Iran Ceasefire on July 9
Bitcoin drops below $62K after Trump ends Iran ceasefire, sparking U.S. and Iranian military strikes. Oil prices spike 5%, raising inflation concerns and cooling crypto demand.
Yen hits 162 per dollar on July 9, weakest in 39 years
Japanese yen falls to 162 per dollar, weakest since 1986. Government intervention of 11.7 trillion yen in April-May failed to sustain gains. Analysts warn 170 yen possible if Japan’s competitiveness gap widens.
Australian Woman Arrested in US for Illegal Voting in 2022 and 2024 Elections
Australian woman Denise Nataly Migliore arrested after ICE investigation found she illegally voted in 2022 and 2024 US federal elections by falsely claiming citizenship. Faces up to 5 years prison.
US Charges Lawrence Bishnoi Gang in Nijjar Murder; 37 Indicted—July 10
US prosecutors charge 37 defendants in Operation Hard Ball, targeting Lawrence Bishnoi’s gang for extortion, drug trafficking, and the 2023 murder of Hardeep Singh Nijjar in Canada.
KOSPI Enters Bear Market: South Korea’s AI Stock Boom Cracks on July 9
KOSPI drops 20% into bear market as Samsung and SK Hynix tumble on AI spending doubts. Index still up 73% YTD but faces profit-taking after record rally.
Sensex crashes 1,677 points as Trump ends Iran ceasefire on July 8
Sensex fell 1,677 points and Nifty50 dropped 517 points on July 8 as Trump ended the Iran ceasefire, sending oil prices up 7.4% and erasing ₹8 lakh crore in investor wealth.
Canada Fights Trump’s 10% Forced Labour Tariffs on July 9, 2026
Canada rejects Trump’s proposed 10% forced labour tariffs, citing new legislation. Democratic AGs call the tariffs unlawful. USTR launched Section 301 investigations in March 2026.
Firefly Aerospace Wins $13M NASA Mars Contract on July 9
Firefly Aerospace (FLY) wins $13M NASA subcontract to manufacture the aeroshell for Skyfall Mars mission launching in 2028. The contract marks the company’s first project from its Gloworks innovation lab in Texas.