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8/24
05:30
GE Vernova to provide technology for third phase of Queensland Supernode BESS project in Australia, adding 260MW/1.22GWh of energy storage capacity.
GE Vernova will provide power conversion, plant control, system integration, and grid connection support technology for the third phase of the Supernode Battery Energy Storage System (BESS) project in Queensland, Australia, expanding its involvement to all three phases of the project. The third phase will add 260MW and 1.22GWh of storage capacity, bringing the Supernode campus's total capacity to 780MW and 3.08GWh. Quinbrook, the project developer, has confirmed that the third phase recently received generator performance standards acceptance, a critical step for grid connection. Previously, Quinbrook and CATL completed commercial operations for the second phase and secured AUD 469 million (approximately USD 332.9 million) in funding for the financial close of the third phase.
05:30
Archion reports maiden Q1 revenue up 14% to JPY 597.9 billion, net profit up fourteenfold
Archion Corporation, the newly established holding company for Japanese truck-makers Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, reported its first quarterly financial results for April-June 2026. Combined revenues increased by 14% year-on-year to JPY 597.9 billion (US$ 3.76 billion), while net profits surged fourteenfold to JPY 262.3 billion. Total vehicle sales rose by 14% to 60,000 units, supported by new truck models and strong sales in Southeast Asia.
05:29
India, the world's second-biggest wheat producer, lifts years-long wheat export ban, potentially easing global supplies amid Russia-Ukraine war.
05:27
The U.S. dollar hovered near multi-month lows after the U.S. Treasury announced it would double the size of long-dated bond buybacks to $4 billion per operation, sparking concerns about debt.
The dollar recorded its largest weekly drop against Bitcoin in nearly three and a half years on Sunday, and also fell sharply against gold, as markets worried that a U.S. attempt to depress yields would lead to a weaker dollar. Traders are focused on policy speeches from the U.S. and Japan this week, as well as details of U.S. sanctions on Iran.
05:26
Philippine Corporate Regulator Seeks to Raise Minimum Capital for Stock Brokers Amid Reform Push
The Philippines’ corporate regulator is looking to increase the minimum capital requirement for stock brokers as it forges ahead with reforms despite pushback from some market participants.
05:22
Samsung Electronics faces internal divide over hundredfold bonus gap between chip and smartphone units, with Chairman Lee Jae-yong calling for unity amid employee unrest.
05:19
Lookonchain: Whale 0x2160 uses a lending loop with 8,474 BNB ($5.9M) and 2.6M USDT on Binance and Venus to go long BNB.
05:19
Analysis points out: Donald Trump will find it difficult to break China's economic dominance in Latin America
Analysis indicates that while Donald Trump is expanding U.S. political influence in Latin America, China's economic dominance in the region is harder to dislodge. China has built deep ties over many years in trade, energy, mining, and infrastructure, and is now expanding into electric vehicles, batteries, artificial intelligence, and technology. Chinese companies are often more cost-effective, faster, and more flexible, working directly with local governments and businesses. For Latin American leaders, their choice is pragmatic: maintain close political ties with Washington while cooperating economically with China.
05:19
Samsung SDI plans to sell a 5% stake in Samsung Display, cashing in $3.2 billion for investment in future growth businesses.
05:15
Global stocks dip, oil eases over 1% as US Treasury Secretary Bessent to outline Iran sanctions today; Nvidia earnings and Fed Chair Warsh's speech also in focus
Global stocks slipped on Monday and oil prices eased more than 1% as investors awaited details of threatened U.S. sanctions on Iran. U.S. Treasury Secretary Scott Bessent is scheduled to hold a press conference later on Monday to outline these sanctions, following Iran's continued control over the vital Strait of Hormuz. Additionally, markets are anticipating Nvidia's earnings on Wednesday and Federal Reserve Chair Kevin Warsh's speech on Friday in Jackson Hole for clarity on the U.S. interest rate outlook.
05:14
Nvidia opens early-stage talks with South Korean AI chip startup Rebellions on potential partnership, including investment or acquisition
The discussions, which could involve a technical partnership, investment, or a potential acquisition, follow a meeting last week between 英伟达 CEO Jensen Huang and Rebellions CEO Sunghyun Park. Rebellions, established in 2020, specializes in neural processing units for data centers and has attracted approximately $850 million in funding from investors including 三星 Ventures, 海力士, and Arm Holdings, with an estimated valuation of $2.34 billion.
05:13
Metals Exploration Aims for December 2026 Production at Nicaragua's La India Gold Project
Metals Exploration announced that its wholly-owned La India Gold Project in Nicaragua is progressing well, with first production expected in December 2026. As of August 15, structural, mechanical, piping, and electrical installation for the project's process plant was approximately 50% complete, while earthworks and civil foundation works were 93% and 92% complete, respectively. The company has secured a $27 million equipment financing facility and has drawn down $20.2 million, but some imported materials have experienced delivery delays due to international shipping disruptions caused by the conflict in Iran.
05:13
Bangladesh seeks three additional LNG shipments for September as Iran war continues to disrupt flows through the Strait of Hormuz.
State-owned Rupantarita Prakritik Gas is seeking three shipments for September delivery, following a tender last week for five cargoes. The South Asian nation sourced over 60% of its LNG from Qatar last year.
05:06
Upbit Announcement: Conflux (CFX) deposit and withdrawal services will be temporarily suspended starting August 24 at 18:00.
05:05
WTI crude oil fell 2.68% today, now trading at $84.730.
05:00
Alibaba completes HK$80 billion (US$10.2 billion) secondary stock offering in Hong Kong
This offering is the largest secondary equity offering in Hong Kong's history. Bloomberg reporters and Bloomberg Intelligence analysts discuss the significance of the offering and why it has drawn strong opposition from some investors, including Michael Burry.
04:50
Japan's Sumitomo Mitsui Trust Group to launch asset management JV with a Vietnamese state bank as early as next year
The Japanese banking group, one of Japan's top financial groups, expects Vietnamese retail money to shift from traditional savings, gold, and property to investments like stocks and bonds as their wealth grows.
04:49
BNP: Upward Trend in Yields Hard to Stop
04:49
Fidelity International funds have doubled their gold holdings in the past three weeks due to increased uncertainty about the Federal Reserve's policy.
04:48
LG H&H Sells Avon's North American Business to Regent Affiliate Stratford Worldwide, Shifting Focus to Korean Beauty Retail and Digital Channels
LG Household & Health Care (LG H&H) is selling its Avon business in North America, operated independently as The Avon Company, to Regent affiliate Stratford Worldwide as it shifts toward retail and digital channels for its Korean beauty and wellness brands. The exact sale price will be finalized when the deal is complete.
04:46
SFC revokes Ernest Chan Tsz Kin’s licence and bans him for 10 years
04:35
Extreme Temperatures Choke Europe's Key Trade Artery as Hot, Dry Summer Pushes Rhine River Levels Dangerously Low, Threatening Shipping and Commodities
04:32
Turkish bank stocks rise after central bank resumes providing funding at 37% policy rate
Turkish bank stocks rose after the central bank resumed providing funding at the 37% policy rate, effectively lowering borrowing costs and boosting market expectations for bank profit margins.
04:28
Australian private credit investors demand greater transparency from asset managers amid property market slowdown and regulatory scrutiny of fund valuations
Australian private credit investors are seeking greater transparency from asset managers, following a slowdown in the country's property market and regulatory scrutiny of private funds over unrealistic valuations. Chris Wyke, co-CEO of MA Financial Group, stated that investors are delving deeper into the underlying assets. Australian home prices have seen their biggest drop in the past two months since December 2022, affected by high interest rates and tax reforms.
04:21
U.S. government bond yields fell on Monday, with the 10-year yield dropping over 2 basis points to 4.7120%, as investors focused on Federal Reserve Chair Kevin Warsh's speech later this week in Jackson Hole.
The US 10-year government bond yield fell over 2 basis points to 4.7120%, the 30-year government bond yield fell over 2 basis points to 5.2497%, and the 2-year government bond yield fell over 1 basis point to 4.2209%. The market is awaiting the speech by Federal Reserve Chairman Kevin Warsh at the Jackson Hole annual meeting on Friday. This meeting comes at a time of pressure in the bond market, stubborn inflation, and soaring US government bond yields. Previously, the US Treasury Department announced an expanded debt buyback program last week to ease pressure on the long end of the yield curve, but borrowing costs still reached multi-decade highs.
04:12
Goldman Sachs Analysis: Hedge Funds and Mutual Funds Are Overweight Six Stocks, Including SpaceX
Goldman Sachs analyzed $10 trillion in equity holdings disclosed through 13-F filings and found that SpaceX is one of six stocks that both hedge funds and mutual funds are overweight relative to the S&P 500. SpaceX is currently valued at 93 times its estimated earnings for next year.
04:12
ESG analysis startup MioTech plans to list in Hong Kong in 2028 after a merger in China.
The company's founder stated that MioTech is seeking an initial public offering in Hong Kong in 2028, following a merger with a unit of China's largest credit rating agency. MioTech is also considering a potential merger with a European partner.
04:09
Bitcoin holds near $77,000 after 22% weekly gain; XRP and Zcash pull back from big rallies, as focus shifts to Fed Chair Warsh's Jackson Hole debut.
Bitcoin traded near $77,300, maintaining its 22% weekly gain, while XRP, up 48% to $1.48, and Zcash, up 70% to $838, steadied after significant weekly surges. The rally was driven by factors including a $4 billion U.S. Treasury bond buyback expansion, White House support for crypto, Trump's backing of the CLARITY Act, and a Grayscale spot Zcash ETF filing. Attention now turns to Fed Chair Kevin Warsh's debut at the Jackson Hole symposium, where his stance on rates will be key.
04:05
Nigeria's Dangote Refinery secures $1 billion underwriting for upcoming stock market listing, set to be Africa's largest IPO.
The listing plan will be Africa's largest initial public offering ever. The United Nations expects Africa's economic growth rate to reach 4.0% in 2026.
03:46
India's Hydropower Push in Kashmir Raises Natural Disaster Fears
Seven dam projects are currently underway in the region, where locals have faced repeated cloudbursts, floods, and landslides.

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