Gold hits $4,400 per ounce, reaching a 10-week high amid sustained Chinese demand and US-Iran uncertainty over the Strait of Hormuz

Indonesia targets permanent magnet output using rare earths by 2028, seeking an integrated domestic supply chain from mineral processing to EVs, Danantara's CTO said in Jakarta.

Indonesia plans to produce permanent magnets using rare earth elements by 2028 as part of efforts to build an integrated domestic supply chain from mineral processing to electric vehicles, Danantara Chief Technology Officer Sigit Puji Santosa said Wednesday in Jakarta.

Bangladesh's inflation eased to 8.32% in July from 9.16% in June, the Bangladesh Bureau of Statistics said Wednesday. Food inflation dropped sharply to 7.16%, while non-food inflation fell to 9.28% from 9.61%.

Bangladesh's inflation eased to 8.32 percent in July from 9.16 percent in June, according to the Bangladesh Bureau of Statistics. Food inflation fell sharply to 7.16 percent, while non-food inflation edged down to 9.28 percent.

Germany's inflation rate jumped to 2.8% in July from 2.3% in June, driven by energy prices, Destatis said Wednesday. Economists warn record-low Rhine water levels could push prices higher.

Germany's inflation rate accelerated to 2.8% in July, up from 2.3% in June and 2.6% in May, according to official data released Wednesday. Destatis president Ruth Brand said energy prices remained the key driver, while economists warned that record-low water levels on the Rhine could add further price pressures.

Philippines' DTI proposes mandatory certification for wrought aluminum and aluminum alloy products, requiring local and foreign manufacturers to obtain the Philippine Standard mark before selling.

The Philippines' Department of Trade and Industry is proposing a mandatory Philippine Standard certification scheme for wrought aluminum and aluminum alloy products, covering both local and foreign manufacturers. The Philippines imports over 90% of its aluminum consumption, with annual import value over $600 million.