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9/9
04:34
Angola has completed its eurobond borrowing for 2026 and will weigh any return next year against market conditions as it heads toward an election, Finance Minister Vera Daves de Sousa said.
04:33
Hong Kong-based Prudential, Manulife, and other insurance companies are deepening their collaboration with technology firms to launch cross-industry alliances in areas such as AI underwriting and healthcare. This move aims to address challenges posed by China's tightening cross-border tax regulations. Prudential, for instance, has announced a partnership with Alibaba Cloud to introduce an AI underwriter, designed to assist financial advisors in making preliminary decisions based on client information such as financial status, medical history, and occupation.
04:25
Record heatwaves have troubled British farmers, leading to crop failures and significant financial losses, including an estimated $499 million in wheat production value. The National Farmers' Union (NFU) is urging the government to provide support, such as interest-free loans and faster planning permission for on-farm reservoirs, to help farmers cope with what it calls the worst drought in 50 years. Water Minister Emma Hardy stated late last month that the climate has changed, and all necessary actions will continue to be taken to manage water resources.
04:25
Ukrainian officials confirmed that Russian drone attacks on the Ukrainian-Moldovan border crossing in the Odesa region killed 2 civilians and injured 3, temporarily disrupting border traffic. The Russian Ministry of Defense stated that its forces attacked a Ukrainian cargo ship carrying military equipment in the Black Sea and struck a drone manufacturing warehouse in Kyiv. Meanwhile, Ukrainian drones attacked the port of Novorossiysk in Russia's southern Krasnodar region, killing 4 people and damaging facilities at several enterprises and military vessels within the naval base. Novorossiysk is a crucial Russian port for exporting oil, petroleum products, and grain.
04:21
India's Financial Intelligence Unit (FIU-IND) on Tuesday issued non-compliance notices to 15 virtual digital asset service providers, including Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian, under Section 13 of the Prevention of Money Laundering Act (PMLA). India brought crypto platforms under anti-money laundering rules in March 2023, requiring all platforms serving Indian customers to register and comply with regulations such as user verification, record-keeping, and suspicious activity reporting. The FIU also warned Indian citizens that crypto products and NFTs are unregulated and high-risk.
04:09
Takeshi Hashimoto, Chairman of Mitsui O.S.K. Lines, stated in an interview with CNBC that while a weaker yen benefits Japanese companies operating outside Japan, sharp fluctuations in the yen could lead to "chaos" in global financial markets. He expressed a desire for stable currency markets and believes that a yen-dollar exchange rate in the 150-155 range would be "comfortable," with the yen recently trading around 153.

Regarding the outlook for the Strait of Hormuz, Hashimoto expressed pessimism about a swift return to normal shipping in the area, stating that it is "almost impossible to resume normal service for the time being." Data released Monday by analytics firm Kpler showed that an average of 10 commodity vessels passed through the Strait of Hormuz daily over the past 10 days, the lowest level since May. He hopes that negotiations between Iran and Persian Gulf countries like Oman and Qatar will lead to a "reasonably good situation," but also noted that this would "take some time."
04:02
According to a Financial Times report, Iran has eased its currency rules, allowing exporters to fund imports with overseas earnings without first selling their foreign currency at official rates. This move is aimed at bypassing US sanctions, potentially involving the use of crypto.
04:01
Executives from Sungrow Power Supply and EVE Energy stated at a Hong Kong event on Tuesday that policy stability is their top expectation, as their global investments face increasing geopolitical risks and headwinds from the oil crisis. Both companies have experienced fresh pressure in the US market over the past two months, with Sungrow, the world’s second-largest energy storage system maker, specifically impacted by US actions.
03:50
OpenAI CEO Sam Altman recently stated that the company will attempt to find room-temperature superconductors using the same method of ten-thousand-level AI agent collaboration as used to solve the Navier-Stokes equations. Altman responded on the X platform with "Let's try it," indicating that OpenAI's AI research exploration will extend from mathematics to material science. If achieved, room-temperature superconductors could potentially revolutionize various fields, including energy and quantum computing.
03:49
Marieke Blom, chief economist and global head of research at ING, told Bloomberg Television that they don't see much inflationary pressure in core inflation, services, and wages. The European Central Bank is set to announce its interest rate decision tomorrow.
03:49
The dollar neared its lowest in nearly seven months as the yen rallied, with traders looking ahead to the US Treasury’s buyback announcement and inflation data later this week.
03:49
JPMorgan Chase is expanding its global corporate banking business to Greece, aiming to broaden the services the bank offers in the country, Bloomberg reported, citing an internal memo.
03:47
Futures markets price in a 99.7% probability that the European Central Bank will tighten monetary policy by 25 basis points to 2.5% when it meets on Thursday. The focus is on whether ECB President Christine Lagarde will signal more restrictive policy in the coming months or adopt a more cautious stance, with much depending on the potential for resolution or escalation in the Strait of Hormuz. ING economists anticipate the 25bp move but believe Lagarde will keep her options open and push back against the bond market consensus of three more quarter-point increases by June 2027.
03:27
About 800 pharmaceutical products are currently in short supply nationwide, including 90 essential ones. Prices have surged, with gabapentin up 220%, acetaminophen 375%, amoxicillin 285%, fluoxetine 100%, and insulin six times higher over the past year. The US and Israel's war on Iran, which began in February, damaged and destroyed some 44 pharmaceutical and medical equipment companies, including Tofigh Daru, a major supplier of anticancer drugs. Iranian authorities maintain the pharmaceutical sector will not collapse under pressure.
03:25
Brent crude oil prices hit $100 per barrel for the first time since July 24, driven primarily by conflicts between the United States and Iran, and a resurgence in Chinese oil purchases.
03:24
Bloomberg analysts Anna Edwards, Tom Mackenzie and Mark Cudmore discussed this view on "Bloomberg: The Opening Trade," highlighting it as a key theme for today's analysts and investors.
03:22
XRP ETFs took nearly $2 million on Tuesday while bitcoin, ether, solana and hyperliquid funds all lost money. Grayscale's products account for the entire outflow in both bitcoin and ether.
03:16
Google plans to invest $15 billion in AI infrastructure in Finland over the next two years. This investment, to be made between 2027 and 2028, will span four locations and include the construction of data centers and supporting infrastructure, as well as support for clean energy projects and community funds.
03:15
Oil prices rose and stock markets fell after the US and Iran attacked each other's ships and oil tankers in the Strait of Hormuz. Iran's Revolutionary Guard claimed to have attacked two US ships and eight oil tankers, after the US Central Command stated it had destroyed five Iranian crude oil tankers on Tuesday. Affected by this, in early trading on Wednesday, the price of US benchmark West Texas Intermediate (WTI) October futures remained around $94 per barrel, and the price of international benchmark Brent crude oil futures approached $100 per barrel. Daan Struyven, co-head of global commodities research at Goldman Sachs, said that oil prices breaking above $120 is "absolutely possible."
03:14
Huachen Energy Co. is looking to push back the maturity of its outstanding bonds by another six years, according to people familiar with the matter, as an earlier extension deal is set to expire in December.
03:09
Elon Musk retweeted that Starlink high-speed internet service is now available for Hawker 700, 800, and 900 series jets after AeroMech received FAA approval. The service offers download speeds of up to 1 Gbps, upload speeds of 100 Mbps, and latency as low as 20 milliseconds on land, water, and in remote areas.
03:07
Scott Kleinman, co-president of Apollo Global Management, stated in an interview with Bloomberg TV that the private equity industry must revert to creating value through traditional methods as the period of easy expansion concludes.

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