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8/26
04:18
Brent crude prices are falling again, currently trading at around $85 a barrel, bringing their cumulative decline this week to nearly 10%, mainly boosted by hopes of a diplomatic breakthrough in the Middle East.
04:18
NVIDIA CEO Jensen Huang is expected to speak at the earnings call, with his remarks anticipated to signal the future direction of artificial intelligence and impact the tech stock market and the US economy.
04:18
JPMorgan Chase released a report stating that Alibaba's HK$80 billion (approximately US$10.3 billion) placement completed on August 24 triggered market concerns about the economics of its AI capital expenditure, but the bank believes the market reaction was severely overdone. On August 25, the day after Alibaba's share placement, Hong Kong stocks plunged 8.5%. JPMorgan Chase estimated that only about 0.3% of this could be attributed to the placement discount itself, and the abnormal repricing borne by existing shareholders amounted to approximately US$19 billion, twice the amount raised. JPMorgan Chase maintained its "Overweight" rating on Alibaba, Tencent, and Baidu, and recommended investors buy Alibaba shares before the September quarterly earnings release. The report also analyzed that Alibaba has the largest structural funding gap, Tencent can largely self-fund, and Baidu has the weakest internal financing capability, with the three companies having different financing paths to cope with AI capital expenditure.
04:16
Alibaba Group Holding Ltd.’s efforts to revive market sentiment after a $10 billion share placement failed to allay investor concerns about how it will choose to fund its AI ambitions.
04:15
The trader, known for losing $12M by buying high and selling low on ETH, had previously sold ETH at an average price of $2,452. Their current purchase marks a return to the market after six months of inactivity, buying back at an even higher price.
04:13
According to experts from the Copernicus Climate Change Service, the average global ocean surface temperature reached a record level of 21.1 degrees Celsius this week. In early August, three reactors at France's Gravelines nuclear power plant were forced to shut down due to jellyfish clogging the cooling pump system. A year ago, the same power plant also experienced a shutdown due to a jellyfish bloom. Furthermore, Electricité de France (EDF) has temporarily closed several nuclear reactors multiple times this summer to protect wildlife, due to excessively high river and sea water temperatures.
04:13
The Panama Canal Authority announced last week that due to persistent low rainfall, it would reduce the number of daily transiting vessels from 36 to 32, effective September 15. Some climate scientists are calling the current El Niño a "super El Niño," believing its intensity to be unprecedented. Previously, the Canal Authority had implemented mandatory vessel light-loading measures, leading to a sharp increase in transit fees. In early August, the average daily auction price was approximately $1.1 million, more than 16 times higher than the same period last year. Last week, an empty natural gas supertanker paid a transit fee as high as $4.6 million. Shipping giant MSC also announced that it would increase the Panama Canal surcharge for 45-foot containers to $376, starting in September.
04:03
This large-scale options expiry occurs after Bitcoin surged from $62,000 to $80,000, exposing market makers to greater risk around several key strike prices.
04:01
The Trump administration is considering new trade measures after Canada announced dollar-for-dollar retaliation against fresh US tariffs. Canada will impose 50% duties on $20 billion of US goods, including steel, aluminum, electronics, and clothing, starting September 8. Trump has threatened further escalation, including 50% auto tariffs. The dispute could hit key US states and create political risks for Republicans ahead of the midterm election.
04:01
Existing investors in fast-fashion retailer Shein Global Holdings Ltd. are agreeing to a lock-up on new shares allocated to them in its Hong Kong initial public offering, according to people familiar with the matter.
04:01
Natural gas has become the biggest concern for European bond traders, surpassing oil, as depleted supplies of the key fuel threaten a resurgence in inflation.
04:00
South Korean stocks closed up 65.47 points, or 0.97 percent, to 6,808.21 on Wednesday, driven by stock repurchases from the country's chip giants and easing external conditions. Meanwhile, the Korean won fell against the US dollar, as investors await Nvidia's earnings release.
03:53
Judge Katherine Polk Failla adjourned the retrial in light of Storm’s pending motion for acquittal and related request for a continuance.
03:51
The UN rights office spokesperson Ravina Shamdasani stated on Tuesday that Israel's threat to expel Palestinians from areas of the besieged Gaza Strip due to children flying kites is "outrageous." Israel had warned Hamas on Sunday that it would intensify military operations and evacuate populations from areas where kites, drones, or balloons are launched, following reports of non-incendiary kites drifting into southern Israeli communities. Gaza's popular committees urged parents on Monday to stop children from flying kites to protect their lives, while a Hamas official rejected the Israeli warning.
03:49
Citigroup Global Markets Korea, Citi's investment banking franchise in Korea, currently ranks first in Dealogic's Korea Investment Banking Wallet League table. The firm expects brisk debt and equity issuance to continue into the second half of the year.
03:45
Indian AI infrastructure company AM Intelligence announced it has signed a binding contract to order 9,000 NVIDIA Vera Rubin systems, becoming one of the first purchasers of this top-tier computing platform in Asia. The company, part of renewable energy enterprise Greenko Group Plc, plans to put these server rack systems into operation in southern India next year, serving cloud service providers and AI labs. This order is part of its $8 billion project plan, aiming to build 1 gigawatt of computing capacity, and plans to build 5 gigawatts of data center capacity by 2030, betting on India's low-cost renewable energy advantage to enter the global AI hashrate competition.
03:45
European Central Bank (ECB) Executive Board member Isabel Schnabel told Bloomberg on Tuesday that upside risks to inflation remain unabated, and interest rates must be raised further, given the Middle East conflict pushing up energy costs and the Eurozone economy consistently outperforming expectations. She emphasized that at current policy rate levels, it would be difficult for inflation to return to target in the medium term, and acting slowly would only necessitate larger tightening in the future. The Eurozone's Q2 economic growth reached 0.4%, and July inflation accelerated to 2.9%.
03:42
Bitcoin ETFs have seen a 7-day hot streak of inflows, reducing their year-to-date net outflow deficit by more than half. The funds are now only $390 million short of October 2025’s total inflow.
03:37
OKX has introduced a 4-week liquidity boost rewards program for approved P2P merchants in the Kenyan Shilling (KES) and Nigerian Naira (NGN) markets. Participants can earn up to 120 USDT weekly and a 500 USDT monthly bonus by posting ads, completing eligible orders, and maintaining a high completion rate. The campaign runs from August 13, 2026, to September 9, 2026.
03:35
U.S. Treasury Secretary Scott Bessent said on Monday that the United States would target all of Iran's revenue sources, including oil, to deter other countries and companies from doing business with Tehran. He emphasized that countries worldwide must choose between the U.S. and Iran, and the new actions would expose Tehran's trading partners to secondary sanctions. This follows President Donald Trump's announcement of this "harshest economic action" on Truth Social on August 19, warning that any country providing economic support to Iran would face "massive economic consequences." The U.S. has previously sanctioned at least 60 entities in the Middle East, Asia, and Europe to cut off Iran's economic lifeline.
03:24
Tech billionaire Bill Gates issued the warning in a 6,000-word essay, in which he argued that AI will usher in "one of the most turbulent periods in human history."
03:23
Brent crude prices fell for a third consecutive trading day on Wednesday, dropping 1.7% to approximately $87 per barrel, extending its cumulative weekly decline to about 8%. The primary reason for the oil price drop was the easing of geopolitical tensions, as Iran and Oman began discussions on a "temporary framework" to resume shipping in the Strait of Hormuz. This led to a decline in market expectations for supply disruption premiums. The lower oil prices also further reduced inflation expectations, driving strength in the bond market.
03:23
Wang Xiaohang, Chief Technology Officer (CTO) of Ping An of China, stated that as of now, the daily consumption of AI Tokens (tokens) within Ping An Group has reached 210 billion, an increase from 120 billion at the time of the interim report's release (June 30). He pointed out that in the first half of the year, the AI generation rate for new code in Ping An Group reached 62%, AI agents assisted in achieving sales of 57.313 billion yuan, AI diagnosis and treatment achieved over 90% consistency with experts in tumor-specific diagnoses, and AI express services accumulated over 47 million uses. Wang Xiaohang emphasized that Ping An's AI strategy focuses on integrated finance, healthcare, and internal enterprise efficiency improvement, with the goal of building expert-level AI in the financial and medical fields.
03:23
Saudi Arabia is stepping up efforts to deepen its capital markets, making it cheaper and easier to trade derivatives as it seeks to attract more investors and trading firms.
03:23
A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. as a defendant in a multibillion-dollar lawsuit. The action was brought by China Evergrande liquidators against the firm and its Hong Kong and mainland Chinese affiliates.

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