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Bill Evans, Westpac’s Legendary Economist, Dies at 76 on July 29
Westpac’s former chief economist Bill Evans, known as ‘the man who moved markets’, has died at 76 after a cancer battle. He spent 32 years guiding Australia through recessions, crises, and economic policy.
Audi Q9 Launches as Volkswagen Seeks U.S. Sales Rebound
Audi launches Q9 full-size SUV at 5.31 meters long with V6 diesel and 591 hp SQ9 variant. Flagship arrives as U.S. sales plummet 30% amid EV bet failure and tariff pressure.
Dow Jones Drops 2.19% After Fed Holds Rates Steady on July 30
Dow Jones fell 2.19% to 1,153 points on July 29 after the Federal Reserve held rates steady and inflation stayed above target. Three Fed officials dissented, signaling potential September hike.
Kospi Plunges 6% on July 30 as SK Hynix Earnings Disappoint
Kospi drops 6.1% to 5,656 after SK Hynix misses earnings forecasts despite record profits. South Korea announces emergency measures to stabilize markets and restrict leveraged ETFs.
Apple Upgrade Launches July 29: iPhone Leasing Starts at $17.99/Month
Apple launches Apple Upgrade program with Klarna, letting U.S. customers lease iPhones for $17.99/month for 12 or 24 months. Program replaces old iPhone Upgrade plan and includes Macs, iPads, and Apple Watches.
Iran Launches Ballistic Missiles at U.S. Base in Jordan; Trump Vows Retaliation
Iran launched ballistic missiles at a U.S. base in Jordan on July 28, 2026, breaking a ceasefire. All missiles were intercepted. President Trump said the U.S. will retaliate with heavy strikes.
Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam
On July 29, 2026, Korean stocks came under heavy selling pressure after SK Hynix shares fell nearly 20%, erasing a large part of this year’s AI-driven gains. The decline came despite the chipmaker reporting record revenue and a sharp rise in quarterly profit. Investors had expected even stronger results, and the market responded quickly. The…
Agentic AI Powers OCBC’s Faster Wealth Client Onboarding With HELIOS Platform
On July 29, 2026, OCBC introduced HELIOS, an agentic AI platform built to speed up wealth client onboarding while maintaining strict compliance standards. The bank says the platform can complete onboarding in as little as 15 business days, much faster than the industry average of about six weeks. As competition for high-net-worth clients increases, private…
Hermès (EPA: RMS) Shares Sink 10.59% as EPS Miss at €21.32 Overshadows €3.35B Profit Beat
Hermès shares plunged as much as 10.59% on Wednesday, July 29, 2026. The drop came despite the French luxury house posting €3.4 billion in operating income for H1 2026. Diluted earnings per share came in at €21.32, down slightly from €21.39 a year earlier. A Q2 revenue miss and persistent China weakness drove the sharp…