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Iran's central bank chief said the country is set to join the BRICS New Development Bank, part of Tehran's push to deepen economic ties with non-Western powers as its war with the United States continues.
President Javier Milei's government faces a familiar Argentine trade-off between reactivating growth and keeping the peso-dollar exchange rate stable. The debate's early emergence, more than 16 months before elections, reflects growing market anxiety over a potential reelection bid.
The Reserve Bank of Australia's governor said the central bank believes it has finished raising interest rates, if its current economic forecasts hold true. Officials cautioned, however, that the risk of forecasts proving wrong is skewed toward another hike.
Singapore's economy grew 5.9% year-on-year in the second quarter, outpacing expectations. The strong reading prompted the government to raise its full-year growth forecast.
Argentina's currency has stabilized under President Javier Milei, but economists say that alone is not resolving deeper strains in the economy. Sectors of the real economy continue to slump, while informal work, unemployment and debt delinquency are on the rise.