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9/8
06:54
UBS upgraded Eaton to "Buy" with a price target of $515, sending Eaton's pre-market shares up 3.1%.
UBS upgraded power management company Eaton (NYSE:ETN) from "Neutral" to "Buy" and raised its price target from $450 to $515. Following this news, Eaton's pre-market share price rose by 3.1%. UBS's upgrade is based on expectations of improved margins and earnings growth for Eaton, anticipating that pricing actions and operational execution will drive margin recovery starting in Q3 2026 and continuing through 2028. UBS projects Eaton's earnings to grow by 46% over the next two years and expects earnings per share to reach $19.95 in 2028, approximately 7% higher than the current Wall Street consensus.
06:51
Changpeng Zhao retweeted a post, quoting his earlier interview remarks to reiterate: BNB Chain has embarked on a new chapter and will continue to support the long-term growth of BNB and its ecosystem.
Changpeng Zhao retweeted a post from YziLabs quoting his earlier interview with The Block, reiterating that BNB Chain has entered a new chapter. Its mission remains to support the long-term growth of BNB and its ecosystem, and he emphasized that this goal will be achieved through stronger synergy, better governance, and rebuilding investor confidence.
06:49
FF (Falcon Finance) surged 16.32% in the past hour, now trading at $0.13904.
06:49
FF (Falcon Finance) surged 8.85% in 5 minutes, now trading at $0.13904.
06:47
MAS: 8 Institutions Under the PTIS Scheme Donated Over S$30 Million to Overseas Causes in 2024-2025
The Monetary Authority of Singapore (MAS) stated in response to a parliamentary query that there are currently eight approved tax incentive recipients under the PTIS, which collectively channeled over S$30 million to overseas ventures in 2024 and 2025 through the scheme. Additionally, single family offices (SFOs) that received tax incentives employed over 2,500 local residents in 2025. MAS noted that these schemes do not mandate specific levels of philanthropic donations but set broader economic benefit criteria for SFOs, such as employment contributions through the SFO. MAS does not track the social contributions of SFOs in Singapore, but the government will continue to encourage their local and overseas social contributions.
06:46
MAS: The ONE Pass investment management channel aims to attract top global talent, enhance competitiveness, and create more high-quality jobs for locals.
The Monetary Authority of Singapore (MAS) stated in a written response to a parliamentary query that the Investment Management track under the Overseas Networks & Expertise Pass (ONE Pass) framework aims to attract top global talent, such as founders of asset management firms or senior investment professionals who can significantly contribute to business growth. MAS noted that this initiative will help Singapore enhance its competitiveness, anchor capital, expand business opportunities, and create more high-quality jobs for locals. As of the end of 2025, Singapore's asset management industry employed approximately 25,000 people, with locals accounting for about 80% of the workforce. Between 2020 and 2025, local employment in the sector increased by 6,000. MAS also emphasized its active efforts to develop local professionals for leadership roles in the financial sector through collaborations with major financial institutions and talent development programs.
06:46
MAS: Major Banks Have Not Observed Significant Impact of China's Offshore Trust Tax on Singapore's Wealth Management Industry
The Monetary Authority of Singapore (MAS), in response to a parliamentary query, stated that major banks have not observed a significant impact from China's offshore trust tax rules on Singapore's wealth management and related professional services sectors. MAS noted that clients are assessing the impact of China's new measures and taking steps to fulfill their tax obligations. Singapore's assets under management grew by 10.1% year-on-year to S$6.7 trillion in 2025, and MAS has enhanced its fund tax schemes to support the family office ecosystem. Additionally, the Common Reporting Standard (CRS) applies to financial account information and does not include real estate and immovable property holdings.
06:46
MAS: Hedge Fund Investment Scheme Aims to Attract Hedge Fund Managers to Establish or Deepen Operations in Singapore
Singapore's Deputy Prime Minister and Minister for Trade and Industry (Trade), and Chairman of the Monetary Authority of Singapore (MAS), Gan Kim Yong, stated in a parliamentary reply today that the Hedge Fund Investment Programme (HFIP) aims to attract hedge fund managers to establish or deepen their operations in Singapore. The program will consider the nature and scale of the fund manager's activities in Singapore, plans for building future investment capabilities (including talent development), and investment strategies and track record. MAS is currently engaging with industry stakeholders on the HFIP and will announce further details in due course. Singapore's hedge fund industry has seen a compound annual growth rate of 7.5% over the past five years, with assets under management reaching nearly S$7 trillion.
06:46
MAS: Full details of the proposed profit-related returns exemption will be announced in Budget 2027, enhancing the asset management industry's competitiveness.
The Monetary Authority of Singapore (MAS) stated in a written parliamentary response that it is closely monitoring developments in major financial centers, assessing their impact, and taking necessary measures to enhance Singapore's competitiveness. MAS noted that the key principles and features of Singapore's proposed profit-related return exemption were announced on August 19, 2026, with full details to be revealed in the 2027 Budget. MAS is currently engaging extensively with the asset management industry to provide clarifications and gather feedback. MAS believes this tax exemption will further strengthen the competitiveness of Singapore's asset management industry.
06:45
Singapore MAS: 5% cap removal on physical investment precious metals in fund tax incentive schemes applies regardless of vault location, palladium excluded
Singapore's Deputy Prime Minister and Minister for Trade and Industry (Trade), and Chairman of MAS, Gan Kim Yong, stated in a parliamentary reply that the removal of the 5% cap on physical Investment Precious Metals (IPMs) from fund tax incentive schemes provides greater flexibility for Singapore-based fund managers and investors. This policy applies regardless of where the IPMs are vaulted, aiming to boost Singapore's gold trading and vaulting ecosystem. Palladium is not included as an IPM under these schemes, as its market is primarily driven by industrial demand.
06:45
Principal Asset Management's Seema Shah says stock resiliency depends on Fed moves, expects rocky months ahead with modest gains
06:45
CATL Execs Warn Energy Storage Industry Lacks Safety Standards, Urge Adoption of Automotive Practices
CATL's managing director of Western Europe, Hank Zhao, and chief technology officer of AC systems, Bruce Li, stated in an exclusive interview that the energy storage industry needs to adopt automotive-level safety and quality standards. Zhao highlighted that unlike the automotive sector's comprehensive global standards, the nascent energy storage industry's lack of such frameworks has led to safety and quality issues, with more fires, poor performance, and bankruptcies expected if unaddressed. CATL is applying its automotive best practices to its energy storage business to ensure long-term reliability and safety.
06:35
Lookonchain: Whale HURDw has bought 285,503 SOL ($28.82M) on Hyperliquid over the past 3 weeks
06:33
Bloom Energy Stock Soars 26% In A Week After S&P Dow Jones Announces Its Inclusion In S&P 500, Weeks After Nancy Pelosi Disclosed A $3 Million Bet
Bloom Energy (BE) shares surged 26% in a week and 207% year-to-date after S&P Dow Jones announced its addition to the S&P 500 index as part of its September quarterly rebalance. This announcement follows Speaker Emerita Nancy Pelosi's August 21 disclosure of a multimillion-dollar position in Bloom Energy, acquired through her husband Paul Pelosi's accounts in late July, valued at a floor of $3 million.
06:31
Franklin Templeton to Acquire European Real Assets Firm Stoneshield
Franklin Templeton Inc. is buying a majority stake in Stoneshield Capital, a European investment firm specializing in real estate and infrastructure, in a move to expand further into alternative assets.
06:30
Bybit Lists EURUSDUSDT TradFi Perpetual Contract, Offering Up to 100x Leverage
06:26
Upbit lists HEMI and USELESS, enabling BTC and USDT trading pairs.
06:23
Iran warns South Korea of “serious consequences” if it joins US naval blockade of Strait of Hormuz, as Seoul considers military contribution
Iran's Ministry of Foreign Affairs spokesman Esmaeil Baghaei stated on Monday that any military presence or participation by another country in the Gulf and the Strait of Hormuz would be regarded as direct support for the aggressor, threatening serious consequences. This warning comes as South Korea, under pressure from the US, is reportedly considering contributing to international measures to free up navigation in the Strait of Hormuz, a critical passage for its crude oil imports.
06:23
Hormuz Crisis "Revives" Suez Canal: July Revenue Surges 42% to a Two-and-a-Half-Year High
Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on September 8 that Suez Canal revenues reached $505 million in July, a 42% year-on-year increase and the highest monthly level since December 2023. A total of 1,340 ships transited the canal that month, up 27% year-on-year.

The rebound in traffic is primarily due to the ongoing obstruction of the Strait of Hormuz caused by the Middle East conflict, which has prompted some oil-producing countries like Saudi Arabia to reroute a portion of their oil exports to the Red Sea, generating increased transit demand for the Suez Canal. Concurrently, some European shipping companies have resumed Red Sea routes, leading to signs of vessels that previously detoured via the Cape of Good Hope returning to the canal.

Osama Rabie, Chairman of the Suez Canal Authority, stated last week that full-year revenues for 2026 are expected to reach $5.8 billion to $6 billion, a significant increase from $4.1 billion in 2025.
06:22
Cone Denim to exit China production, shift focus to Mexico platform
The denim manufacturer cited global trade changes, evolving customer needs, cost pressures, supply chain considerations, and broader geopolitical circumstances for its decision to close the Jiaxing facility in Zhejiang province, which has been operational since 2007. Its Mexico operations will become the primary production platform.
06:22
Lisa, CEO of UK lending platform Funding Circle (LON:FCH), will step down by the end of September 2027.
The company stated that the move is intended to provide ample transition time for a successor.
06:22
UK lending platform Funding Circle (LON:FCH) has announced plans for an additional share buyback of up to £25 million, following the completion of its current program.
Since March 2024, Funding Circle has repurchased approximately £72 million of its shares, representing about 18% of its issued share capital.
06:22
UK lending platform Funding Circle (LON:FCH) has raised its FY2026 guidance, now expecting revenue to exceed £255 million and pre-tax profit to exceed £40 million.
Funding Circle announced strong first-half results, with loan originations up 52% year-on-year to £1.7 billion, revenue up 50% to £138 million, and pre-tax profit quadrupling to £24 million.
06:21
UniCredit acquires minority stake in German lending markets platform VC Trade to expand digital capital markets capabilities in debt transactions
06:17
Novartis' Late-Stage Trial for Rare Muscle Wasting Drug Fails, Marking Third Setback in a Week
Novartis' drug for a rare muscle-wasting disease failed in late-stage studies, marking the company's third clinical trial setback in a week. The drug, a core asset from Novartis' $12 billion acquisition of Avidity Biosciences, sparked concerns about its growth prospects following this failure.
06:17
Binance Announces Removal of Spot Trading Pairs on September 11, 2026
06:15
Uzbekistan Begins Government Bond-Backed Stablecoin Payment Pilot
Humo Digital will test HUMO payments with more than 20 merchants under a sandbox jointly overseen by NAPP and Uzbekistan’s central bank.
06:15
Ledger CTO Urges AI Bug Hunters to Disclose Vulnerabilities Responsibly, Warns Against "Chasing Clout"
Ledger and Trezor state that if a vendor fails to fix a vulnerability within the agreed-upon disclosure window, researchers have a responsibility to publish their findings.
06:15
Citi Research Africa Economist David Cowan Says South Africa Has Yet to Turn Growth Corner
Cowan noted that South Africa's economy is showing resilience rather than a strong acceleration. He also added that Zimbabwe's recovery is benefiting from improved fiscal discipline, higher gold and lithium prices, and stronger agricultural exports.
06:14
Brazil Funds Viridis Mining and Minerals Ltd.'s Rare-Earth Project, Seeking to Tap World's Largest Reserves Outside China
Brazil has funded a rare-earth project by Viridis Mining and Minerals Ltd., as the country seeks to tap more of the world’s largest reserves outside China.

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