Markets

• Dutch Propose Law to Crack Down on Russian Shadow Fleet
  The Dutch government proposed a legal change to crack down more effectively on Russia’s shadow fleet, prompting the Russian embassy to threaten its own retaliation.
• Aritzia Surges Most in 18 Months on Earnings, Better Outlook
  Aritzia Inc. stock is having its best trading day in more than a year as accelerating growth in the US and in online sales delivered another quarterly beat and full-year guidance boost.
• Corn Falls Most Since 2023 After US Makes Surprise Crop Estimate
  Corn plunged by the most in three years after the US Department of Agriculture raised its outlook for yield and production of the top American crop, when most analysts expected a cut.
• ABCP Market Makes Comeback as Banks Seek Balance-Sheet Relief
  Asset-backed commercial paper, blamed for amplifying the 2008 financial crisis, is making a comeback as banks turn to the short-term funding market to do more business with less strain on their balance sheet.
• Four Views on India’s Finance Boom and What Comes Next
• Turkey’s Wealth Fund to Take Over Ziraat, Halkbank Islamic Units
  Turkey’s state-run lenders Ziraat Bankasi and Halkbank applied for regulatory approval to transfer their Islamic banking units to a Turkey Wealth Fund subsidiary TVF Katılım Finans Yatırımları AS, according to public filings.
• Tiny Drones Help Tackle Shell’s Million-Dollar Hurricane Problem
  When hurricanes sweep through the Gulf of Mexico, oil companies can lose millions of dollars waiting for the all-clear to restart production. Shell Plc thinks a fleet of drones can help cut that wait.
• Cable One Lender Seeks to Block $480 Million Mega Broadband Deal
  Lender CoBank ACB filed a lawsuit Friday seeking to block Cable One Inc. from acquiring a 55% equity stake in Mega Broadband Investments from private equity firm GTCR.
• Banks Head for $5 Billion Gold Trading Windfall in Record Year
  Precious metals traders at the world’s top banks made record profits in the first half of this year, putting them on track for their best-ever annual result as surging investor interest and sharp price swings generate huge opportunities for dealers.