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8/31
05:41
Huawei's H1 revenue rose 9.54% year-on-year to 467.8 billion yuan, while net profit attributable to the parent company fell 36.8% year-on-year to 23.4 billion yuan.
Huawei Investment Holdings Co., Ltd. released its 2026 semi-annual report, showing that the company achieved operating revenue of 467.819 billion yuan in the first half of the year, a year-on-year increase of 9.54%; net profit attributable to owners of the parent company was 23.428 billion yuan, a year-on-year decrease of 36.8%.
05:39
China Dividend Stocks Reach 11-Year High as Investors Seek Defensive Bets Amid Tech Volatility
05:32
US Opportunity Zone Investors Face Dec. 31 Tax Deadline on Deferred Capital Gains
The U.S. Treasury is expected to receive tens of billions of dollars in capital-gains payments from investors in the Opportunity Zone program. This tax incentive, launched by the first Trump administration, aimed to direct capital into low-income areas. The upcoming December 31 deadline requires investors to include these long-deferred gains in their taxable income.
05:30
After the S&P 500 index rose nearly 3% in August, historical data suggests it is likely to continue rising in September and by year-end, according to analysis.
Yahoo Finance, citing analysis from Carson Investment Research, indicates that after the S&P 500's nearly 3% rise in August, historical trends suggest the index is poised for average positive returns in September and the final four months of the year. This analysis is based on 11 years between 1945 and 2017 where both August and year-to-date performance were positive, with an average September return of 1% and an average return of 5.6% for the four months leading up to year-end. August's gains were primarily driven by falling oil prices and strong corporate earnings, with the Magnificent Seven tech stocks performing exceptionally well, showing an earnings growth rate exceeding 118%.
05:30
US PCE inflation reached 3.7% in July, exceeding Fed's 2% target for 65th consecutive month; futures traders now bet on two more rate hikes in 2026
The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, measured 3.7% in July 2026. This marks the 65th straight month that PCE inflation has exceeded the Federal Reserve's 2% target and was slightly above the consensus estimate of 3.6%. The July reading was unchanged from June, suggesting sticky inflation. This acceleration is primarily attributed to the Iran war disrupting oil supplies and President Trump's tariffs. Following this data, CME Group's FedWatch tool indicates futures traders are now betting on two quarter-point interest rate hikes in the remaining months of 2026, one in September and another in December. Historically, new rate-hike cycles have often coincided with stock market corrections, and the S&P 500's cyclically adjusted price-to-earnings (CAPE) ratio of 40.6 in July was its highest since September 2000.
05:25
JPMorgan Chase reiterated its Overweight rating on Broadcom, maintaining a price target of $580, and raised its FY27 AI revenue forecast to over $130 billion, stating that the market significantly undervalues the growth of its AI business.
JPMorgan Chase, in its latest research report, stated that market concerns about Broadcom's competitive position are significantly overblown, while the scale, sustainability, and growth potential of its AI revenue are underestimated. The bank projects Broadcom's FY27 AI revenue could exceed $130 billion, representing significant upside from management's previous "over $100 billion" framework. The report argues that market concerns about potential share loss in Google's TPU business are inconsistent with reality. The five-year agreement between Google and Broadcom locks Broadcom in as the core mass production partner for the next four generations of TPU products. Furthermore, customer diversification is accelerating, including custom chip projects for Meta, OpenAI, Anthropic, ByteDance, Alibaba, and strong demand for Tomahawk 5/6 switching chips.
05:23
India's National Investment and Infrastructure Fund (NIIF) Seeks Japan and Europe Capital for $3.2 Billion Fund
The quasi-sovereign wealth fund is courting a broader pool of investors, betting that India's infrastructure boom will continue to attract long-term overseas capital.
05:20
Visa and Mastercard Process First International Card Payments in Syria After US Terror List Removal
The transactions mark Syria's move to restore links with the global payments system, following the formal decision by the US government to remove Syria from its state sponsors of terrorism list. Qatar's QNB Group collaborated with Mastercard for a point-of-sale transaction, while Visa partnered with Lebanon-based Fransabank and domestic payment technology company Paymera for its first live cross-border payment test. The Central Bank of Syria confirmed these transactions signify the official start of international card acceptance services in the country.
05:20
Riverview Bancorp Shareholders Approve Board Members, Executive Compensation Plan, and 2026 Stock Purchase Plan
Riverview Bancorp (Nasdaq: RVSB) shareholders approved all three proposals at its 29th Annual Meeting, including the election of four directors, an advisory vote on executive compensation, and the adoption of the company's 2026 Stock Purchase Plan. Additionally, the Board of Directors approved a new $4 million stock repurchase program the day before the annual meeting. Riverview Bancorp is a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania.
05:19
Xingyu Co., Ltd. is embroiled in labor disputes during a critical period for its Hong Kong IPO, reportedly terminating contracts with 107 fresh graduates and exceeding limits on labor dispatch.
The China Securities Regulatory Commission (CSRC) approved Xingyu Co., Ltd.'s overseas listing on August 15. However, the company recently faced controversy for terminating contracts with 107 fresh graduates, leading to complaints filed with the EU and HKEX. On August 25, the Changzhou Human Resources and Social Security Bureau confirmed that Xingyu's "methods were crude and simplistic." Xingyu subsequently apologized and offered compensation on August 27. Furthermore, the company's prospectus revealed that its proportion of dispatched workers exceeded the legal limit at the end of 2025, and it had issues with underpayment of social security and housing provident funds. Between 2023 and 2025, Xingyu received 451 million yuan in government subsidies, including for employment support projects. These labor compliance issues could impact its HKEX listing process.
05:19
Analysis shows Johnson & Johnson's latest 13F filing reveals holdings in 15 biotech stocks, with Protagonist Therapeutics being the largest investment, whose stock price has surged 65% year-to-date.
According to Yahoo Finance analysis, Johnson & Johnson's latest 13F filing (as of June 30, 2026) disclosed its holdings of 15 stocks in the biotechnology and medical technology sectors. The analysis indicates that Johnson & Johnson's largest investment is in Protagonist Therapeutics, amounting to approximately $300 million. Protagonist Therapeutics had one product launched in the US in March 2026, and the FDA approval decision for another product, rusfertide, is expected in August 2026. As of August 28, 2026, Protagonist Therapeutics' stock price has risen by 65% year-to-date.
05:19
Analysis indicates NVIDIA is poised to achieve $1 trillion in revenue by fiscal year 2029, but Amazon may reach it sooner.
Yahoo Finance analysis indicates that after NVIDIA's Q2 earnings exceeded expectations, its revenue guidance for the next fiscal year (FY2028) shocked investors, with an anticipated 70% growth to between $700 billion and $800 billion. If revenue can grow by another approximately 40% in FY2029, NVIDIA could become the world's first company to achieve $1 trillion in annual revenue. However, Amazon's current annual revenue is already $775 billion, and if it can maintain a 15% annual growth rate, it might reach this milestone sooner than NVIDIA. The rapid revenue growth of both companies is attributed to the demand for artificial intelligence.
05:03
HSBC to open first flagship branch in Hong Kong's Capitol Centre, closing two Causeway Bay branches
HSBC to open first flagship branch in Hong Kong's Capitol Centre, closing two Causeway Bay branches, as banks and fashion brands leverage potential lower rents for eye-catching retail spaces to boost visibility, according to agents. The Capitol Centre location was previously occupied by fashion retailers such as Chanel and Victoria’s Secret.
05:02
Upbit Suspends Deposit and Withdrawal Services for Ontology Network-Related Digital Assets
Upbit has suspended deposit and withdrawal services for digital assets related to the Ontology network.
04:43
J Safra Sarasin Strategist Wolf von Rotberg Says Fed Chair Warsh's Jackson Hole Speech Didn't Change Firm's US Equity Outlook, Already Positioned for Sept & Dec Rate Hikes
04:43
Three portfolio companies under Partners Group face a roughly €6 billion ($7 billion) debt refinancing challenge, intensifying investor scrutiny.
04:41
USD/KRW falls 0.7% intraday to 1,365.9900.
04:40
Upbit announced that it will restrict deposits and withdrawals to and from undeclared virtual asset businesses in accordance with the Act on Reporting and Using Specified Financial Transaction Information.
04:36
Goldman Sachs Executive Shares AI Productization Experience, Emphasizes Financial Industry Cannot Accept "Approximately Correct" AI
Chris Churchman, head of Goldman Sachs' digital platform Marquee and co-chair of the Global Banking & Markets AI Working Group, recently stated in a podcast that once enterprise AI products are launched, the worst outputs will be scrutinized by the market and clients. He emphasized that "roughly correct" AI is unacceptable in high-risk scenarios such as finance. He highlighted that AI productization requires addressing issues such as factual accuracy, computational verifiability, access control, and timely error cessation. He also proposed four productization boundaries: not substituting demos for acceptance testing, not betting on temporary model flaws, redoing workflows, and not outsourcing human judgment.
04:36
SK Hynix is reportedly evaluating a joint venture to build a memory chip plant in Japan to address AI-driven demand growth.
SK Group Chairman Chey Tae-won stated on August 31 that SK Hynix is thoroughly surveying various locations across Japan with favorable power and water resource conditions to evaluate multiple potential sites for a joint factory. The cooperation model has not yet been determined, with options including a joint venture, co-investment, or acquisition of a Japanese company. This move aims to further enhance its global production network, following SK Hynix's planned capacity investment of approximately 54 trillion Korean won in South Korea and the groundbreaking ceremony last week for its advanced memory packaging facility in Indiana, USA.
04:34
MAS Commits S$220 Million Over Three Years to Boost Singapore's FinTech Innovation
The commitment, made under the renewed Financial Sector Technology and Innovation Scheme (FSTI 4.0), aims to strengthen Singapore’s FinTech ecosystem and accelerate innovation and technology adoption across the financial sector.
04:24
Bitcoin held steady below $78,000 as August drew to a close, while the Japanese Yen broke past 160 against the US Dollar, as Federal Reserve rate hike expectations bolstered the greenback.
Bitcoin traded below $78,000 during Monday's Asian morning hours, down less than 1% in 24 hours but up about 1% for the week, according to CoinDesk data. Solana and Dogecoin led the declines, both falling about 3%. The Japanese yen breached the 160 mark against the dollar in Tokyo on Monday, with strategists suggesting intervention could be triggered around 161. This follows a broad strengthening of the dollar, which also suppressed the cryptocurrency market, driven by expectations of higher U.S. interest rates after Federal Reserve Chairman Warsh's speech at Jackson Hole.
04:22
Russia's Largest Bank Predicts $46 Billion in Crypto Exchange Turnover in First Year Under New Regulations
Sberbank announced that with the country's new cryptocurrency regulations coming into effect on September 1, 2026, the trading volume of regulated cryptocurrency exchanges is expected to reach 4 trillion rubles (approximately $46.4 billion) in the first year, potentially increasing to about 7.5 trillion rubles (approximately $87.1 billion) by 2029. Anatoly Popov, Deputy Chairman of the Board at Sberbank, also stated that Sberbank plans to issue loans collateralized by Bitcoin, Ethereum, and USDT once approved by the central bank. The new regulations allow retail investors to purchase up to 300,000 rubles (approximately $3,700) of liquid cryptocurrencies annually through each intermediary, while qualified investors face no limits. Furthermore, the law prohibits the use of cryptocurrencies for payments for goods and services within Russia but permits cross-border settlements for foreign trade contracts between residents and non-residents.
04:15
Al Jazeera: New Syrian Government Opts for Diplomatic Route with Israel, Foreign Minister Holds US-Mediated Talks with Mossad Chief
According to Al Jazeera, since the new government led by President Ahmed al-Sharaa overthrew the Assad regime in December 2024, Syria has opted for diplomatic engagement with Israel rather than military confrontation. Despite ongoing Israeli attacks on Syrian territory and the occupation of parts of southern Syria, Syrian Foreign Minister Assad Shaybani held US-brokered talks with Roman Gofman, head of Israel's Mossad intelligence agency, in Amman, Jordan. The talks aimed to establish practical mechanisms to halt Israeli attacks, arrests, and targeted operations, and to resume negotiations on long-term security agreements between the two sides. Syrian officials stated that they have no intention of attacking Israel and seek peace with all neighboring countries, but Shaybani also noted a current distrust of Israel, viewing negotiations as a security necessity.
04:14
Analysis suggests that the arrest and upcoming trial of suspects in the 2022 Nord Stream pipeline explosion continue to impact relations between Germany and Ukraine.
Al Jazeera reports that analysts believe the arrest and upcoming trial of suspects in the 2022 Nord Stream pipeline explosion continue to cast a shadow over Germany's relationship with Ukraine. One of the suspects, Volodymyr Zhuravlev, was arrested in Croatia on August 19 and will be extradited to Germany. Another suspect, Serhii Kuznetsov, was arrested and extradited last year. Germany is determined to prosecute the sabotage team, while Ukrainian President Volodymyr Zelenskyy has repeatedly denied Kyiv's involvement. Analysts suggest the incident highlighted Germany's excessive reliance on Russian natural gas and prompted a shift in its energy security policy towards diversification and renewable energy. Although Germany has become Ukraine's largest Western supporter, the unresolved Nord Stream issue remains politically sensitive in the relationship between the two countries.
04:07
Bank Indonesia and the Monetary Authority of Singapore Operationalise Local Currency Transaction Framework for Bilateral Trade Transactions
The LCT Framework will support bilateral trade and contribute to ASEAN financial integration efforts by promoting the wider use of local currencies in intra-ASEAN transactions. It aims to provide businesses with greater flexibility, reduce exchange rate risks and costs, and promotes direct quotations between the Indonesian Rupiah and Singapore Dollar.
04:07
Bitcoin Core developer Luke Dashjr has left Ocean mining pool due to disagreements over the future of mining and protocol development.
Bitcoin Core developer Luke Dashjr has resigned from his positions as Chairman, CTO, and Director of Ocean mining pool, with its parent company Mummolin repurchasing all his equity. Both parties stated that the separation was by mutual agreement, reflecting differing views on the future of Bitcoin mining and recent protocol developments. Dashjr will launch a new mining project called Convoy.
03:43
Binghatti Responds to Debt Concerns Amid Dubai Project Growth
03:43
South Korea's FTC clears Hanwha Group's acquisition of a 15.89% stake in Korea Aerospace Industries (KAI)
The Fair Trade Commission (FTC) approved the share purchases by Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean on Monday. This move removes a key regulatory hurdle for Hanwha Group's push to build a defense business spanning land, sea, air, and space. The review focused on whether the minority stake would give Hanwha effective control over KAI.
03:38
SK Hynix is reportedly evaluating Intel Foundry's HBM base die solution, potentially starting with HBM4E to reduce costs; the company responded that some of the content is inconsistent with the facts.
According to the Korean newspaper The Herald Business, SK Hynix plans to diversify its supplier base by entrusting Intel with the production of the Base Die for its high-bandwidth memory (HBM) starting as early as the seventh-generation HBM4E. Previously, TSMC was the sole manufacturer of these Base Dies. This move aims to reduce SK Hynix's reliance on TSMC and alleviate the pressure of continuously rising raw material costs. Industry sources indicate that the cost of HBM4 Base Dies produced by TSMC is 3 to 4 times higher than SK Hynix's own core chips. In response, SK Hynix stated that it is difficult to confirm details regarding the company's technology roadmap and that "some of the content is not consistent with the facts," without directly confirming the report.

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