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8/27
21:50
Barclays Plc is seeking deeper ties with India’s billionaire founders as it looks to expand in the country’s fast-growing and highly competitive private banking market, where global rivals are also stepping up.
21:49
The RMB exchange rate was almost unaffected this week, despite continuous sanction threats from the United States due to China's relationship with Iran, which has strengthened some strategists' bullish confidence in the RMB.
21:46
An airstrike at a fuel market near Chad's border with Sudan on Thursday killed 12 people and injured seven, Chadian officials said. Chad accused the Sudanese army of carrying out the attack and has deployed about 100 armored vehicles and signal jamming vehicles in the area. Sudan expressed surprise and denied the accusations, saying its forces were fulfilling their constitutional duties while respecting the sovereignty of neighboring countries. The U.S. Embassy in Khartoum also condemned the Sudanese army for launching the attack.
21:40
U.S. President Donald Trump said on Thursday that he might sanction Chinese banks involved in Iranian oil transactions. This follows a meeting between U.S. and Chinese officials in Beijing on Wednesday to discuss Chinese President Xi Jinping's upcoming state visit to Washington. U.S. Treasury Secretary Scott Bessent warned on Monday that Chinese banks participating in the ecosystem that converts Iranian oil into funds would be targeted for sanctions.
21:29
South Korea's science ministry announced Friday it has selected three teams, led by SK Telecom Co., KT Corp., and Kakao Corp., to build an artificial intelligence service accessible to everyone under the government's "AI for all" initiative. The consortia will receive a total of 512 B200 graphics processing units from Nvidia, with rollout expenses next year covered by government budgets.
21:29
Samsung Biologics announced Friday it would raise 3 trillion won ($2.17 billion) through a rights offering as part of efforts to fund investments in its long-term growth strategy. Some 2.71 trillion won from the offering proceeds will be used for its planned acquisition of the Swiss-based PolyPeptide Group, which the company announced plans to acquire in July.
21:16
The acquisition includes approximately 30 NYDIG employees and their institutional trading relationships.
21:13
High-Flyer Quant, a backer of AI company DeepSeek, is actively entering China's hot IPO market, having been allocated shares in CXMT, a leading Chinese memory chip manufacturer, and robotics company Unitree Robotics, among others. CXMT's stock price surged over fivefold after its Shanghai debut in July, while Unitree Robotics also saw a 460% jump on its IPO day in Shanghai last week.

DeepSeek itself is seeking external funding, having raised RMB 50 billion (approximately $7.4 billion) in its first round. It is currently in talks with investors for a second round of financing, targeting at least $7.4 billion at a valuation of $74 billion, expected to be completed by the end of this month.
20:54
The Nikkei 225 rose 0.4% to 66378.90 points, led by IT services stocks, driven by the overnight rally in US tech stocks. Fujitsu gained 4.2%, and NEC Corporation rose 3.8%. Investors are awaiting remarks from Federal Reserve Chairman Kevin Warsh later on Friday at the Jackson Hole Symposium.
20:52
The reversal comes as Beijing tightens scrutiny on offshore wealth and geopolitical risks make alternatives like Dubai less attractive. Singapore's Monetary Authority (MAS) also eased some conditions for single-family offices in July, effective August 1, while luxury property inquiries from Chinese buyers in Singapore increased 35% in the first half of the year.
20:40
Seoul stocks opened lower Friday, with the benchmark Korea Composite Stock Price Index (KOSPI) falling 0.95% to 6,846.54, bucking overnight gains on Wall Street. Major US indexes closed higher, with the S&P 500 adding 0.72% and the tech-heavy Nasdaq jumping 1.57%. Investors are sitting on the sidelines ahead of the Jackson Hole meeting, which is expected to provide clues on the Federal Reserve's rate policy.
20:37
Orient Overseas International Ltd. warned that freight rates may come down due to waning seasonal demand and new container ships entering service, which would amplify the impact of higher fuel costs.
20:24
Finance Minister Koo Yun-cheol announced the measures on Friday, following the Bank of Korea's second consecutive 0.25 percentage point benchmark rate hike the previous day, which raised concerns about heavier debt-servicing burdens for small businesses.
20:16
The US Department of Justice announced on Thursday that it has indicted 81 individuals for alleged drug and weapons violations as part of a crackdown on the Puerto Rican criminal group Los Baja Deo (LBD). The charges, announced by Attorney General Todd Blanche, follow the arrest of 70 defendants by the FBI and Puerto Rico Police Department a day earlier. The Justice Department alleges LBD distributed at least 340kg of fentanyl and 2,200kg of cocaine over the past five years, generating over $49 million in proceeds. The department is seeking to seize $49.7 million in assets as part of the case, which is part of President Donald Trump's broader initiative against criminal organizations.
20:04
The charges are anticipated as part of a new batch of insider trading cases.
20:02
Hong Kong's residential property prices fell by 0.46% in July, with the index dropping from 323 points in June to 321.5 points, according to the latest data released by the Rating and Valuation Department (RVD) on Thursday. This marks the first decline since April last year, ending a 13-month consecutive upward trend. Year-to-date, Hong Kong's residential property prices have cumulatively risen by 7.3%.
19:06
The Bank of Korea announced on Thursday that it would raise its benchmark interest rate by 25 basis points to 3%, the second consecutive hike, in response to strong economic growth and persistent high inflation pressures. One of the seven Monetary Policy Board members voted to keep rates unchanged. The central bank also significantly raised its GDP growth forecast for 2026 to 3.3% and highlighted financial stability risks such as continuous increases in Seoul housing prices and expanding household debt.
19:06
Diplomatic efforts between Iran and Oman have made initial progress, with oil shipments through the Strait of Hormuz quickly recovering to about 75% of pre-war levels. The market has begun to price in peace expectations, with Brent crude falling over 6% this week. However, with damaged refining facilities and critically low diesel inventories, diesel crack spreads remain at historical highs, indicating that the energy crisis is shifting from crude oil shortages to refined product tightness.
19:05
Portfolio flow data released on Thursday showed that Japanese investors remain divided on investing in overseas bonds and equities after currency authorities in Japan and the U.S. undertook a historic joint intervention late last month. This marks a shift to selling foreign bonds and equities after two weeks of heavy buying.
19:03
UP Fintech Holding(Tiger Brokers母公司)周三报告称,第二季度营收同比增长31.4%至创纪录的1.823亿美元。然而,归属于股东的净利润从去年同期的4140万美元下滑至3940万美元。富途控股(Futu Holdings)也公布了强劲的第二季度增长,两家公司均通过海外扩张来应对中国大陆对非法跨境股票交易的严格打击。
18:29
The pledge comes as contenders in next year’s presidential election clash over economic policies in their first debate.
18:28
Asian stocks were set to open mildly lower Friday as investors braced for Federal Reserve Chair's speech in Jackson Hole, where some expect a hawkish tone.
18:27
About one month after Japan and the US joined forces to prop up the yen, strategists say the intervention succeeded in slowing the currency’s short-term slide but did little to alter the forces driving its longer-term decline.

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