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9/3
02:28
Korea Electric Power Corp. (KEPCO) has proposed to Samsung Electronics and SK Hynix that they prepay a combined 25 trillion Korean won (approximately $18.1 billion) in electricity bills to cover their power needs for the next five years. This initiative aims to raise funds for the construction of transmission networks for semiconductor industrial clusters in the Yongin and Honam regions and to reduce the volume of bond issuance. KEPCO stated that it has approached large electricity users, but corporate willingness to participate, interest rate levels, and the scale and duration of prepayments have not yet been finalized.
02:24
POSCO said the two companies signed the HyREX cooperation agreement on Thursday to test BHP's iron ore to determine the most suitable raw materials for the commercial production of its hydrogen-based steelmaking technology.
02:17
Renewed tensions in the Middle East and the risk of supply disruptions in the Strait of Hormuz have sparked widespread market concern. According to traders, Asian spot LNG prices have risen by over 5% this week, more than doubling pre-conflict levels. Former US President Donald Trump stated that military action against Iran could be brief, but also warned to "be ready to go again at any time," making it difficult for market expectations of an escalating conflict to dissipate. The sharp price increase has already impacted Asian consumers, with Pakistan canceling an emergency procurement tender due to excessive bids, leading to a continued worsening of power shortages.
02:13
US investment giant Capital Group has increased its stake in Shinhan Financial Group to 5.02%, making it the third-largest shareholder, according to a regulatory filing on Wednesday. Concurrently, Capital Group also reduced its holding in KB Financial Group.
02:08
CVC Capital Partners Plc raised $10 billion for its latest secondaries fund, the largest pool it has ever amassed for buying and selling private equity assets on the second-hand market.
02:08
The Financial Services Commission (FSC) announced on September 3 that it is broadening the eligibility criteria for the second phase of easing the network separation rule. This expansion will include nonbank financial companies and electronic financial service providers, allowing 75 eligible entities (up from 49) to test frontier AI models for cybersecurity. The number of selected companies will increase from 10 to 15. The application period is from September 3 to 14, with selected companies receiving a one-year no-action letter in October.
02:07
· Medtronic plc (MDT) Q1 Earnings: EPS $1.45 beats estimates, Revenue $9.76 billion beats estimates
· Snowflake Inc. (SNOW) Q2 Earnings: EPS $0.62 beats estimates, Revenue $1.55 billion beats estimates
· Hewlett Packard Enterprise Company (HPE) Q3 Earnings: EPS $1.11 beats estimates, Revenue $12.2 billion largely in line with estimates
02:05
OKX announced it will delist all current Crypto/USD spot trading pairs, except USDT/USD, by September 30, 2026, 4:00pm (UTC+8). New replacement pairs, initially displayed as Crypto/USDC, will be listed on September 23, 2026, 4:00pm (UTC+8). These Crypto/USDC pairs will support trading with USD, USDC, USDG, and RLUSD through a unified order book, and will be renamed to Crypto/USD on September 30, 2026, 4:00pm (UTC+8). All open orders and margin positions on the affected USD pairs will be automatically cancelled or closed by the delisting date, and active trading bots will be closed between 3:00pm and 4:00pm (UTC+8) on September 30.
01:51
The Donald Trump administration has resumed its push for targeted semiconductor tariffs, aiming to pressure companies like Samsung Electronics and SK Hynix to expand production in the United States, or face tariffs on chips produced overseas. U.S. Commerce Secretary Howard Lutnick stated that companies manufacturing chips in the U.S. would receive tariff reductions, while those relying on overseas production would be subject to tariffs.
01:43
Elon Musk retweeted a post from @marsrepublica, which satirically summarized Musk's five major visions: providing the world with clean energy, achieving abundance through AI and robotics, curing blindness and disability, upholding free speech, and making humanity a multi-planetary species to ensure the survival and prosperity of the species.
01:43
Musk retweeted a post by French official Philippe Tabarot. Tabarot stated that French authorities have been working closely with Tesla for several months on technical adjustments to FSD to support its certification in Europe, and a decision on European-level approval is expected in the coming weeks. Tesla has provided two FSD vehicles, marking a new phase of FSD road testing in France.
01:31
Nigeria’s currency is headed for its best performance in almost a decade, as analysts attribute rising dollar inflows from higher oil prices and remittances to insulating the naira from political risks usually associated with its election season.
01:29
SK Hynix CEO Kwak Noh-jung stated at the groundbreaking ceremony on August 26 that the company's more than $4 billion HBM production facility in Indiana will be the gateway for the first "Made in America" HBM products. However, the DRAM wafers for these products will still be manufactured at South Korean factories, then shipped to West Lafayette, Indiana, for stacking, packaging, and testing. The factory is expected to begin mass production in the second half of 2026, marking SK Hynix's first HBM production base in the United States.
00:52
The Public Institution Functional Reform Plan, announced on Thursday, aims to reduce the number of public entities by 109 through strategic restructuring and consolidation of overlapping functions.
00:51
Vietnam's statistics office announced Thursday that the country's exports and imports soared to a record $770 billion in the first eight months of the year, driven by artificial intelligence-driven demand for data centers and other goods. Despite the boom, the country experienced a trade deficit during this period.
00:50
Reserve Bank of New Zealand Assistant Governor Karen Silk told CNBC on Thursday that New Zealand exporters are actively diverting shipments originally bound for China to other markets, as demand from its largest trading partner cools. China, which bought roughly a quarter of New Zealand's total exports over the 12 months ending in July, has seen its economy slow to multi-year lows due to tepid domestic demand and a prolonged real estate slump.

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