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8/19
05:31
JPMorgan Chase analysis indicates that Chinese humanoid robot company Unitree's debut on the STAR Market, with its stock price surging over 460% on the first day and market capitalization climbing to RMB 341.8 billion (approximately USD 47 billion), marks the official entry of the humanoid robot industry into the era of public market pricing. The bank believes that Unitree's IPO will shift the sector's valuation logic from "scarcity premium" to commercialization verification and scalable delivery capabilities based on pure-play targets. It is expected that the sector will enter a 1-6 month digestion period, with capital flowing to companies with actual shipment records, multi-client replication capabilities, and paths to improving gross margins. Furthermore, AgiBot is preparing for a Hong Kong listing, targeting a valuation of approximately USD 20 billion. These new listings will suppress the scarcity premium of existing listed robot companies.
05:29
The event features demonstrations such as AI2 Robotics' AlphaBot serving ice cream and kickboxing robots, highlighting real-world applications of their technology.
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.

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