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8/31
20:32
Japanese stocks fell, primarily due to renewed concerns over the Iran conflict in the Middle East and rising energy costs. Chip stocks led the decline, with Tokyo Electron down 4.1%, Renesas Electronics down 3.0%, and Lasertec down 3.1%. The Nikkei index is currently at 65646.57 points.
20:16
Japanese companies increased capital spending in the second quarter, driven by surging profits. This trend indicates that the corporate sector is coping relatively well with the economic impact of the Middle East conflict.
20:15
Donald Trump posted on his Truth Social platform, stating that American communities opposing relevant projects "want to be backward and poor," and called for "letting the data speak for itself" everywhere. This statement marks his most direct public support to date for nationwide AI infrastructure development. Previously, dozens of data center projects across the U.S. have been stalled or canceled due to local opposition, involving investments of approximately $150 billion. Meanwhile, an advocacy group linked to a Silicon Valley billionaire announced on Monday that it would launch a "multi-million dollar" public awareness campaign to support candidates who advocate for clearing obstacles to AI infrastructure development.
20:15
According to an August 31 report by the Financial Times, AI is rapidly replacing core implementation services in the IT consulting sector, impacting the business models of the world's largest consulting firms. Global companies such as pharmaceutical giant Bristol Myers Squibb and consumer goods company SharkNinja are leveraging AI tools to reduce their reliance on external consultants, demanding lower fees, or bringing work in-house. Dominik Asam, CFO of SAP, stated that AI will "massively replace" some functions in the consulting industry, claiming that SAP's system transformation plans can help clients cut external consulting costs by up to 50%. UniCredit and Societe Generale saw their external consulting expenditures decrease by 24% and 9% respectively in the first half of this year.
20:10
The White House announced that the agreement, implemented through the private oil company North American Blue Energy Partners (NABEP), grants the U.S. government a 35% equity stake in NABEP's parent company. The U.S. will also have the right to purchase 20% of its output at production cost and a right of first refusal for the remaining 80%. NABEP has secured a 100-year concession for 17 oil fields in Venezuela, with plans to invest up to $100 billion in new oil infrastructure and an estimated $200 billion in royalties and taxes over the first 25 years. This initiative aims to secure U.S. energy dominance, promote Venezuela's economic recovery, and displace Russian and Chinese companies' control in Venezuela.
20:05
The Securities and Exchange Commission has intensified its scrutiny of firms operating special purpose vehicles (SPVs) that claim to offer exposure to private company investments. SEC examiners are now requiring registered investment advisers to provide evidence that their SPVs actually own or have access to the private company shares they advertise.
20:03
Shein Global Holdings shares closed 13.1% lower at HK$42.2 on Monday evening in the grey market, after dropping as much as 28%. According to Futu Holdings data, each board lot of 100 shares yielded a loss of HK$636, excluding transaction fees.
19:55
Malaysia's 10-year bond yield saw its largest advance in almost two years last month, rising 16 basis points. This increase was higher than those observed in Thailand and Singapore, while yields on similar-maturity debt in the Philippines and Indonesia declined by at least 10 basis points each.
19:46
The Northern Territory has started commercial production from the nation's first shale gas wells, with natural gas from Tamboran Resources Corp.’s Shenandoah South project set to begin flowing into the network on Tuesday. This initiative aims to power a wave of new data centers in the region. The Beetaloo Basin, home to one of Australia’s largest onshore gas reserves, is forecast to generate over A$17 billion ($12.2 billion) in economic value over the next two decades.
19:29
The US government will provide $174 million in financing to Alcoa Corp. for the construction of a gallium plant at its alumina refinery in Western Australia. This initiative aims to lessen Washington's dependence on China for critical minerals.
19:15
Prices in British shops rose at the fastest rate in more than two years last month, as the fallout from the Middle East conflict started to filter through to supermarket shelves.
19:08
In their new book, "The Next China Is Still China: The Insider's Guide to Winning in a New Era," Joe Ngai, a senior partner and chairman of McKinsey & Company Greater China, and Nick Leung, point out that despite the current softness in the Chinese consumer market, the ongoing real estate downturn, and supply chain diversification, China's dominant position in global manufacturing and its investment in frontier technologies are key factors. Ngai states that multinational corporations' current disappointment is a result of the contrast with their market share dominance in China over the past 20 years. To win in the long term, companies need to invest in China to maintain relevance in its vast consumer market and, in turn, enhance their ability to compete with Chinese companies in other countries.
19:02
US Treasury Secretary Scott Bessent's interventionist summer has led to pushback and questions about his credibility in financial markets. Ahead of the G20 finance ministers' meeting in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among top economic policymakers to boosting growth. However, the biggest threats to global growth this year stem from high energy prices due to President Trump's war on Iran and the impact of US tariffs from a new trade war against Canada.
18:52
Donald Trump proposes federal tax incentives to revive the US movie and television industry, claiming tenfold returns for Treasury. He met with Jon Voight and stated that the industry has moved to Canada and other countries, causing significant losses for California. Trump suggests bipartisan legislation to create entertainment jobs in America, with meetings being set up with leaders of both parties.
18:25
Robinhood Chain recorded a record $989 million in single-day DEX trading volume on Friday. Its total value locked (TVL) increased by nearly 100% month-over-month in August, reaching a record $708 million. Stablecoin supply on the chain also rose by 47% month-over-month to approximately $770 million. This growth was notably driven by utility and infrastructure tokens gaining ground on memecoins, with projects like PONS and Delta seeing significant valuation increases.
18:22
According to Bloomberg, John Ternus will officially assume the role of Apple's CEO on September 1. Upon taking office, he will immediately dive into the company's annual fall product launch, which this year will feature an ambitious lineup of new devices, most notably the first foldable iPhone and a smart display capable of recognizing speakers and customizing content.
18:18
Ares Management Corp has raised ¥612 billion ($3.8 billion) for its latest Japan-focused logistics development fund, in the largest closed-end institutional fundraise by its real estate business.
18:05
The U.S. Federal Trade Commission (FTC), joined by attorneys general from 22 states, has filed a lawsuit against Amazon, accusing the e-commerce giant of systematically overcharging 1.2 million advertisers by more than $20 billion since 2019. The complaint, filed Monday in a Seattle federal court, alleges that Amazon inflated advertising prices by manipulating its ad bidding auction mechanism. Amazon denies the claims, stating that its ad auctions saved advertisers $8 billion during the same period. Following this news, Amazon's stock closed down 2.5% on Monday.
18:05
Australia has raised its wheat crop forecast after strong winter rains improved growing conditions, just as the worsening Black Sea crisis creates additional demand for the country’s grain.
17:55
Poland's National Public Prosecutor's Office announced on Monday the launch of an investigation to determine "participation in the activities of foreign intelligence agencies against the Republic of Poland and terrorist crimes," specifically "deliberately using devices containing flammable materials to set fire to the WB Electronics factory." The factory, located south of Warsaw, produces critical drone components for the Polish and Ukrainian armies. No further details were provided, but Russia is widely suspected of carrying out sabotage activities across Europe against facilities supplying Ukraine.
17:55
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced on Monday that they have postponed for the fourth time the submission deadline for additional disclosure requirements for hedge funds (Form PF) to July 1. These disclosures are intended to provide agencies with information on firms' financial health during periods of market volatility to help officials understand market conditions that could lead to systemic financial risk, such as counterparty risk, sudden margin calls, or any significant adverse events affecting private funds.
17:51
Russian Finance Minister Anton Siluanov was excluded from the group photo, despite having a "productive" meeting with US Treasury Secretary Scott Bessent.

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