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8/19
05:15
OpenAI CEO Sam Altman has paused the training of a frontier reinforcement learning AI to enhance safety controls, amidst the company's expanding losses and intensifying competition.
05:04
Bybit will delist the HFTUSDT Perpetual Contract on Aug 21, 2026, at 9:00 AM UTC. All active and conditional orders for the contract will be automatically canceled, and any open positions will be automatically closed based on the average index price in the 30 minutes prior to delisting. The contract will also no longer be supported on Trading Bots or Copy Trading.
05:03
Goldman Sachs remains upbeat on offshore wealth management despite China's tighter scrutiny, forecasts Standard Chartered wealth fee income to grow 30% by 2026. The Wall Street investment bank also projects HSBC's wealth fee income to grow 13% and Singapore banks' wealth fee income to grow 16% to 25% in the same period, believing Chinese clients' offshore wealth allocation is primarily driven by diversification benefits and access to broader opportunities.
04:44
The 2-year Treasury note yield fell over 2 basis points to 4.154%, while the longer-dated 30-year Treasury bond yield fell over 1 basis point to 5.272% after notching a new 19-year high on Tuesday. The pullback follows a wider sell-off in long-dated global bonds on Tuesday, and comes ahead of the release of the latest Federal Open Market Committee meeting minutes later today.
04:37
The decline is attributed to record foreign-currency reserves and a vote of confidence from the International Monetary Fund, signaling an easing of the nation's decade-long debt distress.
04:18
Shares of Deoleo, the world's largest olive oil bottler and marketer, surged after Spanish agri-food cooperative group Dcoop offered 470 million euros ($545 million) for the company. Dcoop's bid takes the lead in an intensifying takeover battle that also includes Italian, French, and Australian firms.
03:38
Korean beauty company APR's European sales reached 228.9 billion won ($163.8 million) in the first half, accounting for about 17 percent of total revenue. The company has expanded rapidly across both online and offline channels, opening official Amazon stores in the UK, France, Germany, Italy, and Spain late last year. By June, sales in each market had increased more than eightfold on average from January.
03:32
India's top 500 companies recorded their strongest earnings growth in three years in the quarter ending June. Robust domestic demand and inventory stockpiling offset the impact of soaring energy prices and supply chain disruptions caused by the "US-Israel war on Iran."
03:16
European Central Bank (ECB) President Christine Lagarde stated at the World Economic Forum that Europe's post-war growth model is facing disintegration, with its three pillars—expanding global trade, mid-range manufacturing prowess, and a stable rules-based order—all weakening. She identified increased global trade restrictions (over 2,500 last year), intensified manufacturing competition from China, the disappearance of cheap energy (including Russian gas) leading to higher EU energy prices than in the US and China, and geopolitical tensions as the main reasons.

Despite this, Lagarde emphasized that Europe still possesses the world's largest network of trade agreements, world-class manufacturing capabilities (such as lithography and precision optics), a highly skilled workforce, and an integrated market of 27 member states and 450 million consumers. She noted that the Eurozone economy grew by 1.5% last year and 0.4% in the second quarter of this year, primarily driven by domestic demand. Lagarde called for Europe to better leverage the size of its domestic market and overcome the fragmentation of its single market and capital markets to avoid repeating the mistake of missing the first digital revolution and to seize the opportunities presented by artificial intelligence (AI). She also mentioned that capital market fragmentation causes European startups to lag behind their US counterparts in later-stage financing and has led approximately 12% of EU scale-ups to relocate outside the EU, particularly to the United States.
03:00
Upstox, one of India’s largest online trading platforms, has begun discussions with investment banks about a potential initial public offering. The offering could raise about $400 million and is expected to be a mix of new shares and a sale by existing investors.
02:59
The investment bank's report, published Wednesday, indicates that industries with greater AI exposure have seen slower job opening growth since the second half of 2022, particularly in Germany, Australia, and the U.S. Employment in call centers, for instance, is 39% lower than its historical trend in the U.S., 33% lower in Canada, and 27% lower in Germany. Goldman Sachs concluded that while AI-related hiring pressures are visible in global employment data, they remain limited to a relatively narrow set of industries and workers.
02:55
Al Jazeera reported that the US-Israel war with Iran disrupted global crude oil and natural gas supplies, leading to the closure of the Strait of Hormuz, which obstructed about one-fifth of the world's oil and liquefied natural gas supply. In this context, the coal industry benefited, with South African thermal coal producer Thungela Resources doubling its first-half profit as the war forced more countries to purchase coal. The company expects coal prices to remain high as European and Asian markets prepare for winter.
02:29
A Bank of America survey shows that approximately 47% of fund managers expect European equities to moderately outperform U.S. equities over the next year, the highest proportion since the outbreak of the Iran war in February this year. The increased investor preference for European equities is mainly due to the region's strong economic outlook and the attractiveness brought by the surge in artificial intelligence (AI) spending.
02:29
BTIG's Chief Market Technician, Jonathan Krinsky, noted in a report published on Wednesday that the U.S. stock market is experiencing an unprecedented structural divergence, with price movements and market breadth consistently at odds, and capital rotating erratically between different factors. He warned that once the music stops in this "musical chairs game," investors will face a synchronized sell-off not seen in ten months. The report indicates that there have been 57 trading days year-to-date in 2026 where price and market breadth moved in opposite directions, tying with the past two years for the most in nearly 30 years. Krinsky also mentioned that the Philadelphia Semiconductor Index (SOX) plummeted approximately 6% today, marking its largest single-day drop since July 1st, while yesterday's S&P 500 component breadth was the worst in nearly six weeks, indicating an abnormal market pattern.
02:17
Deputy Prime Minister and Finance Minister Koo Yun-cheol outlined Korea's growth strategy to US business leaders in Seoul on Wednesday, highlighting opportunities for deeper investment and artificial intelligence cooperation. The luncheon event, hosted by the American Chamber of Commerce in Korea, brought together approximately 150 government officials and executives from Korean and international companies.

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