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9/5
05:08
Asian refiners' robust demand for Middle Eastern crude is driving a rapid surge in benchmark prices, Bloomberg reported on September 5. The UAE's benchmark Murban futures are currently trading at $106.10 per barrel, while DME Oman crude, priced for the Asian market, is at $99.18 per barrel, nearing the $100 mark. The protracted conflict in the Middle East, ongoing disruptions in the Strait of Hormuz, and Saudi Arabia's oil exports falling to their lowest level since 2017 have tightened supply, further intensifying the scramble for crude in the Asian market. Indian Oil Corp., as well as South Korean and Japanese refiners, are major buyers, and are also increasing purchases of crude from Brazil, Canada, Argentina, and Russia's ESPO blend, with the premium for Russian ESPO crude having risen to a record high.
05:00
United States investigators subjected about 50 members of the US military’s Joint Staff to lie detector tests last month, following a series of unauthorised media leaks, particularly concerning dwindling US ammunition reserves. The New York Times reported that the inquiry focused on whether civilian and military personnel leaked classified details to reporters. Pentagon spokesperson Sean Parnell declined to address internal actions directly but emphasised that the department takes leaks of national security information “extremely seriously.”
04:51
Rich Privorotsky, head of Goldman Sachs' Delta One trading desk, stated in his latest market brief that OpenAI's new generation Astra model "stands out" as the capability breakthrough "the AI bull market has been waiting for." Following this, SoftBank's stock price rose over 10% overnight, and Oracle increased by approximately 5.5%.

OpenAI President Greg Brockman also called Astra a "generational leap" and directly declared "welcome to the AGI era," reinforcing market expectations that a leap in AI capabilities could reshape a new capital expenditure cycle. Privorotsky emphasized that a true breakthrough in model intelligence will change the demand curve, not just lead to a decrease in token prices, which will force other labs to catch up and maintain the vitality of the spending cycle.
04:19
Hon Hai Precision (Foxconn) announced on September 5 that its August 2026 revenue reached NT$921.8 billion, a year-over-year increase of 51.98%. This marks the second-highest monthly revenue in its history and a new record for the same period. Despite a 2.61% month-over-month decrease in August revenue due to the transition between old and new consumer smart products, the overall scale remained high. Cumulative revenue for the first eight months reached NT$6.51 trillion, up 39.73% year-over-year. Cloud and networking products, particularly those related to AI servers, continue to be the core engine of Hon Hai's revenue growth, leading all four product categories in both monthly and cumulative increases. The company anticipates that its third-quarter performance "is expected to exceed market expectations," primarily driven by sustained growth in AI demand and the traditional peak season for ICT products in the second half of the year.
04:17
US spot Bitcoin ETFs saw inflows of nearly $1 billion in the latest week, with Friday inflows remaining positive despite Bitcoin briefly falling below $79,000. This brings the total inflows over the past three weeks to $3.8 billion, marking the strongest three-week stretch of 2026.
04:10
More European wealth managers have turned pessimistic on the region’s stocks, taking the view that this year’s rally is likely to falter while markets in the US and developing countries power ahead.
04:01
The revelation that "Rich Dad, Poor Dad" author Robert Kiyosaki claimed to owe US$1.2 billion in debt, disclosed in podcast interviews over the summer, has sparked heated discussion among Chinese property investors. Many have suffered significant losses in recent years due to a deep market downturn, making Kiyosaki's vast leverage a point of both awe and bitterness.
03:11
The Sudan Doctors Network accused the Sudan People's Liberation Movement-North (SPLM-N) of shelling residential areas in Dilling on Friday. This follows a separate SPLM-N attack on Thursday near Kauda, which killed over 21 people. The medical group condemned the bombardments as clear violations of international humanitarian law, exacerbating the dire humanitarian situation in Sudan. The SPLM-N, led by Abdel Aziz al-Hilu, has aligned with the paramilitary Rapid Support Forces (RSF). These attacks occurred despite a ceasefire initiative last month, which al-Hilu did not commit to. A UN-backed mission warned on Thursday that foreign involvement is fueling the conflict and worsening violence against civilians nationwide.
03:04
Citigroup stated in its latest commodity outlook that its core scenario is the reopening of the Strait of Hormuz to shipping in Q4 2026. The bank believes that if the strait reopens, a decline in oil prices could benefit gold by easing inflationary pressures, providing room for the Federal Reserve to pivot to an accommodative stance, and driving down the dollar and real interest rates. Citi maintained its bullish outlook on precious metals, raising its 0-3 month target price for gold to $4,800/oz and keeping its 6-12 month target price unchanged at $5,000/oz, both above the current spot price of approximately $4,500/oz. The bank also raised its Q3 2026 Brent crude oil forecast to $86/barrel but kept its Q4 forecast at $70/barrel and its 2027 forecast at $65/barrel unchanged.
01:54
European Commission President Ursula von der Leyen will travel to Greenland's capital on Sunday, where she is widely expected to announce fresh funding for the self-governing Danish territory. The visit comes as former U.S. President Donald Trump renews his push to acquire Greenland on national security grounds. The EU's funding package for 2026 and 2027 may amount to 200 million euros ($232.4 million), targeting critical minerals, renewable energy, and undersea cables. The trip is seen as a show of solidarity and an opportunity for the EU to coordinate with regional leaders on defense and economic resilience.
01:53
Italian Prime Minister Giorgia Meloni's coalition government, which took office in October 2022, became the country's longest-serving cabinet since World War II on Friday. While this political stability has boosted Italy's appeal to international investors, former Prime Ministers Paolo Gentiloni and Mario Monti told CNBC that more economic reforms are needed. Italy's economy grew by 0.5% in 2025, below the euro area average of 1.5%, with youth unemployment at 18.9% in July. Monti suggested Meloni has avoided confrontations that could modernize the economy but cost political consensus, while Gentiloni noted a slowdown in economic rebound.
01:31
Daily order-book traders on the XRP Ledger fell about 40% from a year ago, while trade volume rose 79%, and the total value held on XRPL climbed above $4 billion.
01:05
Blockchain investment in the region has been led by crypto financial services, though funding remains heavily concentrated in Singapore and a handful of companies.
00:19
According to the Financial Times, Jefferies' fund Point Bonita is allegedly involved in a second invoice fraud case, having previously funded the now-defunct First Brands Group. Point Bonita is currently the primary creditor of Radiant World, with an exposure of $500 million to the latter.
00:19
The Financial Times reports that the consumer electronics market is experiencing "RAMageddon" due to the immense demand for chip supplies driven by artificial intelligence (AI). Prices for mobile phones, laptops, and gaming consoles have already risen, and retailers anticipate further increases in the future.
00:14
BBC analysis indicates that Russia's Africa Corps, unlike its predecessor the Wagner Group, is directly controlled by Moscow's defense ministry. Following a mutiny last Saturday at Air Base 101 in Niger's capital, Africa Corps assisted Nigerien loyalist forces in regaining control. Analysts suggest this intervention highlights Russia's increasing role in Niger, Mali, and Burkina Faso, providing protection for military governments in exchange for mineral resources like uranium and diplomatic support, rather than solely combating jihadist insurgencies. Russia's ambassador to Niger publicly acknowledged the intervention, stating their forces helped “repress a mutiny.”
9/4

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