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8/28
08:24
Sandhya Devanathan, Vice President of Meta India and Southeast Asia, has resigned and will join OpenAI to lead its Southeast Asia and Australia operations.
OpenAI stated that Devanathan will be based in Singapore, reporting to Kiran Mani, Managing Director of OpenAI Asia-Pacific, and will be responsible for consumer growth, enterprise adoption and partnerships, regulatory affairs, and operations in Southeast Asia and Australia. Previously, OpenAI appointed Prabhjeet Singh as the head of its India operations. Meta has recently faced increasing scrutiny in India, including issues such as online safety and content moderation.
08:14
WSJ's Nick Timiraos Says Tariffs Translate Into Substantially Larger Movements In Spending Than In Prices
08:08
Former IMF deputy Gita Gopinath says Trump's tariffs are 'straight-out protectionism'
The economist also commented on looming threats to the dollar and described the current global economic situation as a 'great gamble'.
08:07
Economist Sahm Says Fed Should Start Raising Rates Amid Shifting US Inflation Picture
Claudia Sahm, chief economist at New Century Advisors, stated on Bloomberg Surveillance that it would be “most appropriate” for the Federal Reserve to start raising rates, citing a “shifting in the inflation picture in the US right now.”
08:02
Al Jazeera: A six-month review of the US-Israel war on Iran has resulted in 4,350 deaths in Lebanon, 3,527 deaths in Iran, a cost of $37.5 billion for the US, and a 22% rise in Brent crude oil.
Al Jazeera has released a report reviewing the impact of the US-Israel war on Iran over the past six months. As of August 28, the conflict has resulted in at least 4,350 deaths in Lebanon, 3,527 in Iran, and 28 in Gulf countries; additionally, 60 Israelis and 18 US military personnel have died, and 757 US personnel have been injured. US Secretary of Defense Pete Hegseth stated that the war has cost $37.5 billion as of September 30, the end of the fiscal year. Affected by the conflict, Brent crude oil prices rose by approximately 22%, from $72.48/barrel to $88.58/barrel, and the US Strategic Petroleum Reserve fell to 290 million barrels, its lowest level since November 1982. Vessel traffic in the Strait of Hormuz decreased from an average of 100 ships per day before the war to an average of 7 ships per day over the six-month period, with 70 vessel attacks occurring, resulting in 19 seafarer deaths.
07:52
Japan's currency authority spent a record 15.39 trillion yen ($96.5bn) on yen-buying intervention from July 30 to Aug. 26
Japan's currency authority spent a record 15.39 trillion yen ($96.5bn) on yen-buying intervention from July 30 to Aug. 26, marking the largest amount in a single intervention round, Ministry of Finance data showed Friday.
07:47
Capital B raises $24.5M for its Bitcoin treasury from Adam Back and TOBAM; warrants could unlock $158M more
07:43
India's Forex Reserves Hit Record High on Central Bank Measures
India's foreign-exchange reserves climbed to a record high as dollar inflows surged following recent measures by the central bank to attract capital.
07:37
Markets are focused on gaining clarity on inflation ahead of Federal Reserve Chair's speech at Jackson Hole
Bloomberg's Vonnie Quinn discussed with a strategist what markets are looking for from the Federal Reserve Chair's speech at Jackson Hole.
07:35
Moody's upgrades Geely Auto's rating to investment grade Baa3, outlook adjusted to stable
Moody's assigned Geely Auto a Baa3 issuer rating on August 28, while withdrawing its Ba1 corporate family rating, returning it to investment grade. The rating outlook was adjusted from positive to stable. This upgrade enables Geely Auto to access a broader range of funding sources and provides a reference for subsequent bond pricing. Moody's had previously downgraded Geely to Ba1 in April 2024, citing the NEV price war and R&D investment pressures. The current rating recovery is primarily attributed to Geely's improved profitability in the first half of the year, with a 15% increase in revenue and a 46% rise in core net profit attributable to the parent company, as well as an increase in export business and high-end product proportion. Strong operating cash flow and a reduction in debt from RMB 23 billion at the end of 2025 to RMB 13 billion at the end of June this year also contributed to the upgrade.
07:34
Academy Securities' Peter Tchir says US Treasury market dynamics are driven by supply and demand, not bond vigilantes, ahead of Fed Chair Kevin Warsh's Jackson Hole speech.
07:24
China Merchants Bank released its semi-annual report: H1 revenue was 178.181 billion yuan, a year-on-year increase of 4.83%; net profit attributable to the parent company was 76.445 billion yuan, a year-on-year increase of 2.02%.
China Merchants Bank recently released its semi-annual report for 2026. The report shows that in the first half of the year, the bank's net interest income reached 112.022 billion yuan, a year-on-year increase of 5.60%, mainly benefiting from a decrease in the cost rate of interest-bearing liabilities. Wealth management fee and commission income was 16.192 billion yuan, a year-on-year increase of 26.53%, becoming a highlight. As of the end of the reporting period, the monthly active users (MAU) of China Merchants Bank App and "Zhangshang Shenghuo" App reached 124 million, and the total customer deposits exceeded 10 trillion yuan, reaching 10.16 trillion yuan. The non-performing loan ratio was 0.94%, flat with the end of last year, and asset quality remained stable.
07:24
Net profit of Montage Technology increased by 72.3% to RMB 1.997 billion in the first half of the year, with revenue growing by 26.7% to RMB 3.335 billion. AI demand drove record performance in interconnect chips.
Montage Technology's 2026 interim report shows that the company's Q2 revenue reached RMB 1.875 billion, a 28.3% increase quarter-over-quarter; net profit attributable to parent company was RMB 1.150 billion, a 35.7% increase quarter-over-quarter, both setting new single-quarter historical highs. The net profit growth significantly outpaced revenue, mainly due to the optimization of the product mix, which boosted the gross margin of interconnect chips by approximately 5 percentage points to 69.3%, as well as a combined RMB 682 million in investment income and proceeds from the sale of XConn equity. The company plans to distribute a cash dividend of RMB 2 (including tax) per 10 shares. The continuous expansion of AI infrastructure investment has driven a significant increase in PCIe Retimer chip shipments, and the company is already one of the world's major suppliers of PCIe 5.0 Retimer chips. Furthermore, Montage Technology completed its H-share listing on the Hong Kong Stock Exchange in February 2026 and was included in the FTSE A50 Index for the first time.
07:21
BlackBerry CEO says the company is focused on automotive and robotics software, and its stock price has doubled this year.
BlackBerry CEO John Giamatteo stated in the latest "The Tech Download" podcast that the company has transitioned from its mobile phone business, with current revenue primarily derived from secure communications and the QNX automotive embedded software. He pointed out that the QNX business is crucial for the company's future development in physical AI fields such as autonomous vehicles and industrial robots, and is currently embedded in 275 million vehicles. Giamatteo revealed that QNX has an order backlog worth $950 million, with a portion coming from its robotics business. Investors have reacted positively to the company's new strategy, with BlackBerry's stock price doubling this year.
07:21
Lookonchain monitoring shows a whale (0xD452) spent $13.55M to buy 5,425 ETH at $2,498 in the past hour.
07:20
China's oil majors reveal the nation is becoming less reliant on imports
This trend could signal a bigger problem for global crude exporters than it does for Beijing.
07:16
US Treasury Secretary Scott Bessent announced an "economic D-Day" against Iran, but Iranian business activity in Dubai continues to boom.
U.S. Treasury Secretary Scott Bessent announced an "economic D-Day" against Iran, stating that the U.S. would no longer turn a blind eye to activities supporting the Iranian economy. However, observations from Dubai, the commercial hub of the United Arab Emirates, indicate that Iranian business activities are thriving despite U.S. warnings.
07:15
BioCryst Pharmaceuticals Achieves Profitability, Eyes Acquisitions of Rare Disease Drugs
BioCryst CEO Charlie Gayer stated that the company achieved profitability last year and expects to be more profitable this year and next. Its rare disease drug Orladeyo, approved by the FDA in 2020, has generated over $2 billion in sales, with an estimated $645 million for this year alone. Driven by this success, BioCryst's shares have risen approximately 25% year-to-date. The company plans to expand its rare disease pipeline through external acquisitions, targeting drugs with peak sales potential of around $300 million, a strategy that differs from large pharmaceutical companies typically seeking multi-billion dollar blockbusters.
07:08
China Construction Bank's net profit increased by 5.56% year-on-year to 171.677 billion yuan in the first half of the year, with net interest margin rebounding to 1.37%.
China Construction Bank announced its semi-annual results for 2026, achieving operating income of 426.333 billion yuan in the first half of the year, a year-on-year increase of 10.48%. As of the end of June, the bank's total assets reached 47.33 trillion yuan, an increase of 3.72% from the end of last year; the non-performing loan ratio was 1.29%, a decrease of 0.02 percentage points from the end of last year.
07:08
Bank of China's total assets exceeded 40 trillion yuan in the first half of the year, with net interest margin stabilizing and rebounding to 1.27%.
Bank of China announced its interim results for 2026. As of the end of June, the Group's total assets reached RMB 40.19 trillion, an increase of 4.77% from the end of last year. In the first half of the year, operating income was RMB 357.1 billion, a year-on-year increase of 8.41%; profit attributable to equity holders of the Bank after tax was RMB 123.6 billion, a year-on-year increase of 5.10%. Amid widespread pressure on net interest margins in the banking sector, Bank of China's net interest margin in the first half of the year was 1.27%, up 1 basis point from the same period last year, mainly due to reduced funding costs. In addition, the non-performing loan ratio was 1.22%, down 0.01 percentage point from the end of last year.
07:07
Cryptocurrency platform Bullish extends $100 million debt facility to USD.AI to finance GPU-backed loans for AI infrastructure
07:04
Circle signs front-of-shirt sponsorship deal with Chelsea FC, featuring USDC branding
Stablecoin issuer Circle announced a sponsorship agreement with Premier League giant Chelsea Football Club, becoming its principal partner and official front-of-shirt sponsor. Starting from the 2026/27 season, the Circle and USDC brands will appear on the jerseys of Chelsea's men's, women's, and academy teams. The brand is expected to make its debut this Sunday at Chelsea's first home match of the season. Circle holds an FCA electronic money issuer license in the UK.
07:03
Inspur Information, China's leading server manufacturer, reported a 269.59% year-on-year increase in net profit to RMB 2.952 billion in the first half of the year, with operating revenue growing by 5.22% to RMB 84.379 billion, driven by the surge in demand for AI servers.
06:57
BYD's H1 revenue fell 7.13% year-on-year to 344.815 billion yuan, with net profit down 20.54% year-on-year to 12.325 billion yuan, but gross margin rose to 18.85%.
BYD announced its 2026 interim results today, with both revenue and net profit declining, primarily dragged down by its automotive business. However, the company's gross profit margin bucked the trend, rising to 18.85%, mainly due to the growth of its overseas new energy vehicle business. In the first half of the year, the company exported 792,000 vehicles, a year-on-year increase of 67.8%; overseas operating revenue reached 181.268 billion yuan, a year-on-year increase of approximately 33.9%. Additionally, BYD's R&D investment in the first half of the year was approximately 28.9 billion yuan, and its operating cash flow reached 37.335 billion yuan, higher than the same period last year.
06:47
Ganfeng Lithium's H1 revenue reached 23.097 billion yuan, a year-on-year increase of 175.75%, with net profit turning from loss to profit at 4.257 billion yuan.
Ganfeng Lithium disclosed its 2026 semi-annual report on August 28. Benefiting from the rebound in sales prices of its lithium series products and the growth in lithium battery sales, the company achieved a strong turnaround in performance, compared to a loss of 531 million yuan in the same period last year. Net profit after deducting non-recurring gains and losses was 3.848 billion yuan, a year-on-year increase of 521.56%.
06:42
Bitcoin briefly touched $81,455 overnight, its highest level in 3 months, before pulling back.
Bitcoin briefly touched $81,455 overnight, its highest level in 3 months, before pulling back. This occurred as Nasdaq futures slipped and gold extended gains heading into the weekend.
06:37
Bank of China (Hong Kong)'s net profit for the first half of the year increased by 7.1% to HK$23.74 billion, as lower credit costs offset margin pressure.
Bank of China (Hong Kong) announced a 7.1% year-on-year increase in net profit for the first half, reaching HK$23.74 billion (approximately US$3 billion), with earnings per share of HK$2.2453. This was primarily driven by lower impairment charges and an expanded net interest margin, which offset the persistent pressure on loan profitability caused by declining Hong Kong Interbank Offered Rates. The results exceeded analysts' expectations.
06:34
Truckers are finally making real money again, with AI-driven data-center construction a key factor
Business is booming for U.S. freight companies, thanks to strong demand from manufacturing customers, a rush of data-center construction and capacity constraints. Higher freight rates are expected to be here to stay.
06:31
CXMT LPDDR6 chips have been sampled to key customers for verification, with a peak speed of 12800Mbps.
China's memory chip manufacturer CXMT has made new progress with its self-developed LPDDR6 chip. The product achieves a peak speed of 12800Mbps and a maximum capacity of 16GB through architectural innovation and data transmission optimization technology. Currently, samples of the product have been sent to key customers for verification, and mass production is being accelerated.
06:31
CXMT's H1 revenue reached 150.3 billion yuan, a year-on-year increase of 873.6%, with net profit significantly turning around to 77.6 billion yuan.
Changxin Memory Technologies (CXMT), China's leading storage chip manufacturer, announced its financial results for the first half of 2026, reporting operating revenue of RMB 150.31 billion, an increase of 873.64% compared to the same period last year. Net profit attributable to shareholders of the listed company reached RMB 77.605 billion, a significant turnaround from a loss of RMB 2.332 billion in the prior-year period. Net profit after deducting non-recurring gains and losses was RMB 78.793 billion, exceeding the net profit attributable to parent company shareholders, indicating that profits primarily stemmed from core operations. As of the end of June 2026, the company's total assets reached RMB 468.078 billion, up 38.98% from the end of last year; net assets increased to RMB 134.722 billion, a 137.38% rise, effectively doubling within six months.

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