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9/3
03:48
The bond market stabilized today, with government bond yields slightly lower and global government bonds also trending stable, the Wall Street Journal reported. Oil prices are falling, and US stock futures indicate continued gains today. Markets are wary of intervention by Japanese authorities in the yen, which has risen over 1% against the dollar after US Treasury Secretary Scott Bessent said earlier this week that Tokyo would take steps to support the currency.
03:42
Taiwan has proposed more than $13 billion in funding, mainly for its state-run energy companies, to secure liquefied natural gas (LNG) and shield electricity users when a price freeze expires at the end of the month.
03:39
Bangladesh was forced to pay the highest price for liquefied natural gas (LNG) in about four years to ease rolling power outages, a move that is likely to drive up the country's energy costs.
03:32
BBVA SA says the Chinese yuan’s appeal may grow as an alternative to the yen for carry trades if the Bank of Japan makes further interest-rate hikes as widely expected.
03:28
Hewlett Packard Enterprise (HPE) reported revenue of $12.2 billion for the fiscal quarter ending July, a 34% year-over-year increase, surpassing analysts' expectations of $12.0 billion. Adjusted earnings per share reached $1.11, also exceeding market estimates of 93 cents. The company projects its revenue for the next fiscal quarter (ending October) to exceed the FactSet consensus by approximately $1.3 billion at the midpoint. HPE raised its full-year revenue growth forecast for fiscal year 2026 to 34% to 37% and set its revenue growth forecast for fiscal year 2027 between 13% and 17%. HPE's cloud and AI business saw revenue grow 25% year-over-year to $9.0 billion this quarter, with server revenue increasing 35% to $6.8 billion and networking revenue up 75% to $2.9 billion. The company's CFO stated that enterprise customers are actively deploying AI applications, with over two-thirds of HPE's approximately $6.3 billion in AI order backlog coming from enterprise and sovereign clients.
03:28
The Japanese Yen strengthened against the US Dollar for a second consecutive trading day, rising to 157.63 at one point and hitting a three-week high, fueling speculation that Japanese authorities might intervene in the foreign exchange market again. Meanwhile, Brent crude oil fell over 1% on the day to $94.67 per barrel after US President Donald Trump downplayed the likelihood of a prolonged conflict between the US and Iran, easing market tensions and leading to a decline in global bond yields.
03:17
Chip giant Broadcom, following its latest quarterly earnings release, officially provided its first guidance for AI chip revenue in fiscal year 2028, projecting $230 billion, significantly higher than Wall Street's previous forecast of $174.5 billion. Concurrently, the company raised its AI revenue guidance for fiscal year 2027 to $115 billion and expects non-GAAP earnings per share to exceed $30 in fiscal year 2028. Broadcom's management also disclosed that Anthropic and OpenAI will replace Google as its largest AI chip buyers in fiscal years 2027 and 2028, respectively, indicating a diversified customer base that reduces reliance on a single client. Investment banks including Goldman Sachs, HSBC, and Jefferies have all maintained their "buy" ratings.
03:08
Analysts point out that China's support for Iran is being balanced against its other relationships in the region, including those with the United States and Gulf states. Despite China's opposition to the Trump administration's sanctions and military actions, its support has been limited. US Treasury Secretary Scott Bessent stated on Monday that Iran has only about 30 million barrels of oil remaining at sea, and China's remittances to Iran "will run out." Kpler data shows that Iran's oil exports through the Strait of Hormuz have fallen from an average of 1.85 million barrels per day in March-April to 240,000 barrels per day in August, primarily flowing to China.
03:08
Samsung's two insurance arms, Samsung Fire & Marine Insurance and Samsung Life Insurance, are reportedly considering overseas acquisitions potentially worth up to 9 trillion won ($6.6 billion) in the UK and US. Samsung Fire & Marine Insurance is said to be eyeing London-based specialty insurer Canopius, while Samsung Life Insurance is weighing the purchase of about 15 percent of US financial group Principal Financial Group.
03:06
Bitcoin (BTC) is nearing the formation of a bullish "golden cross" technical pattern. CoinDesk analysis indicates that while the "golden cross" has had mixed past performance in the crypto market, the recent movement of USDT could provide additional support for this bullish signal.
03:04
Malaysia's central bank kept its key interest rate unchanged, citing the economy's continued modest inflation and rapid growth. The bank also tweaked its monetary policy statement by removing a reference to its stance as being "appropriate".
02:57
Bloomberg Markets analysis suggests that investors' cautious summer stance has led to cleaner equity positioning, paradoxically increasing the risk of chasing upside. In this scenario, the real pain trade now points upwards, regardless of market volatility.
02:54
Impala Platinum Holdings Ltd. announced a bulked-up dividend after profit in the last fiscal year soared more than 40-fold on a recovery in metal prices.
02:54
South Africa's largest health-insurance administrator, Discovery Ltd., reported a rise in full-year earnings, benefiting from years of strategic investment. The company's banking division also saw its profit climb.
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.

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