Here’s a summary of the provided text, broken down by topic:
Financial Markets Authority (AMF) Sanctions Saxo bank:
The AMF has fined the Danish investment Bank Saxo Bank up to 300,000 euros for breaches of professional obligations by its French branch.The AMF cited a lack of data and professionalism towards its customers.
Netflix Profits Surge:
Netflix’s net profit jumped by 45% to $3.125 billion in the second quarter. This growth is attributed to increased subscription prices and the success of its advertising offering. The company’s turnover also rose by 16% year-on-year,exceeding forecasts.Rice Prices Double in Japan:
Rice prices in Japan increased by 99.2% in June compared to the previous year, following a similar doubling in the prior month. This surge, reaching unprecedented levels in at least 50 years, is occurring despite government efforts to curb rising prices and the release of strategic grain stocks. The situation is fueling dissatisfaction ahead of crucial senatorial elections.
US House of Representatives Adopts Cryptocurrency Regulation Law:
The US house of Representatives has passed the first american cryptocurrency regulatory law,the CLARITY act. This bill, wich now moves to the Senate, aims to provide a clearer regulatory framework for the crypto market, aligning with the Trump administration’s supportive stance.
Stellantis increases Automotive Production in Morocco:
Automotive giant Stellantis will expand its Kenitra factory in Morocco, increasing its annual production capacity to over 530,000 vehicles, including electric models. The expansion will boost the factory’s current capacity of 200,000 vehicles per year to 535,000, including micromobility.Economic Agenda Highlights:
Netherlands (11:00 AM): Stellantis holds an exceptional general meeting to approve the appointment of new managing director Antonio Filosa.
United States (2:00 PM): Preliminary estimate of consumer confidence in July from the University of Michigan will be released.
Belgium (Friday): Ministers responsible for European affairs will meet in Brussels.
Japan (Friday): US Treasury Secretary Scott bessent is expected to meet with Japanese Prime Minister Shigeru Ishiba.
Notable Interviews:
* RTL (7:40 AM): Interview with Astrid panosyan-Bouvet, Minister responsible for Labor and Employment.
