News

Ukrainian officials and the US president will meet on the sidelines of the G7 summit.

According to Tasnim News Agency: Iran said the United States promised not to impose any new sanctions.

U.S. Vice President Vance: (Regarding Iran) We will see where Tehran is willing to compromise.

U.S. Vice President Vance: There are still a lot of details to sort out (about Iran).

US Vice President Vance: The Strait of Hormuz will remain open for a long time. It is expected that passage through the Strait of Hormuz will remain free in the long term.

US Vice President Vance: If Iran cannot reach an agreement on the nuclear issue, it will not have the resources to rebuild.

Iranian Foreign Ministry Spokesperson Bagaei: The United States is obliged to fulfill its commitments under the agreement; if it fails to fulfill its obligations, Tehran will take reciprocal measures.

People familiar with the matter said NVIDIA (NVDA.O) is marketing a multi-tranche investment-grade bond sale,its first in roughly five years, split into seven tranches with maturities from 2 to 30 years. Initial price talk for the longest-dated tranche is about 90bps over comparable U.S. Treasuries. Proceeds will be used for general corporate purposes, including repayment and refinancing of existing debt. The move comes as AI-focused firms,including Alphabet and Amazon,have raised hundreds of billions of dollars in the debt market since last year to build compute capacity, and investors have continued to absorb the new supply. NVIDIA last issued investment-grade bonds in June 2021, raising $5.0 billion.

US Vice President Vance: The agreement gives us enforcement powers against Iran’s nuclear program.

U.S. Vice President Vance: Traffic in the Strait of Hormuz has increased. The Iran deal has a two-step verification process.

The New York Fed Manufacturing Index for June in the United States and the monthly wholesale sales rate for Canada in April will be released in ten minutes.

Iranian Foreign Ministry Spokesperson Bagaei: Tehran will coordinate with Oman and other countries to take measures to ensure safe passage in the Strait of Hormuz; this will be for a specific time and correspond to the United States' own commitments.

EU High Representative for Foreign Affairs and Security Policy Karas: Broader work on the 21st round of sanctions against Russia is underway.

Canada's new housing starts in May were 261,400 units, compared with the expected 255,100 units. The previous value was revised from 279,300 units to 278,400 units.

Nvidia plans to raise at least $20 billion through the issuance of high-grade bonds.

The EU stated that the new sanctions list includes 34 individuals and 47 entities.

The EU Council approves new sanctions against Russia.

Iranian Foreign Ministry Spokesperson Bagaei: The United States will commit to allowing Iran to use its frozen funds, but the United States will not provide any funds to Tehran.

Naryshkin, Director of the Russian Federal Foreign Intelligence Service: Russian and American intelligence agencies maintain contact on the Ukrainian issue.

India's Adani Enterprises has partnered with Jabil to build an artificial intelligence data center.