
ECB Clears UniCredit to Raise Commerzbank Stake Above 30%
ECB approval allows UniCredit to exceed 30% ownership of Commerzbank, advancing its bid for control despite opposition from Germany.

ECB approval allows UniCredit to exceed 30% ownership of Commerzbank, advancing its bid for control despite opposition from Germany.

The Fed raised rates by 25 basis points to 3.75%-4%, its first hike in three years, citing inflation and drawing criticism from Donald Trump.

Russia is expected to attend next week’s G20 energy meeting in Houston as geopolitical risks keep energy security in market focus.

A reported warning from U.S. Treasury Secretary Scott Bessent to Russia at the G20 points to no sanctions relief before the war in Ukraine ends.

Uzbekistan's first ID-card fee is under scrutiny ahead of a Sept. 1 increase, with regional comparisons showing markedly lower costs in neighboring markets.

Uzbekistan auctions 100% stake in Gold Moon Tashkent, owner of Fonon jewelry factory, at 316.7 billion UZS with liabilities exceeding assets by over 100 billion UZS.

The EU delays appointing a negotiator for talks with Russia, focusing first on clarifying goals and increasing sanctions pressure amid the Ukraine conflict.

Uzbekistan’s meat imports surged 62.8% in early 2026 amid slowing local production and rising global prices, pushing domestic meat costs higher.

The Central Bank keeps the key rate at 14% citing persistent inflation in food prices and external risks, despite overall inflation easing in early 2024.

Uzbekistan’s halted gold exports since September 2025 caused a 29.3% drop in exports despite overall trade growth in Q1 2026, driven by strong import growth and dominant trade with China.

Uzbek banks saw credit portfolios grow by 19.3 trillion UZS in Q1 2026, with non-performing loans rising by 1.8 trillion UZS, mainly in state banks.