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9/11
03:42
JPMorgan Chase CEO Jamie Dimon met with UK Prime Minister Andy Burnham and Chancellor of the Exchequer John Healey at Downing Street on Wednesday, warning them against increasing the tax burden on banks in next month's budget. The UK government is scheduled to announce its fiscal budget on October 28, which may include policy adjustments such as a windfall tax on banks and oil companies. Dimon had previously stated publicly that JPMorgan Chase might reconsider its new building project in London's Canary Wharf if the new government were "hostile" towards banks.
03:22
Allspring Global Investments, a $624 billion fund manager, states that traditional portfolio diversification, where bonds diversify equities, has been weaker since 2021. Rushabh Amin, portfolio manager for the multi-asset team, said at a media event on Thursday that investors should adapt their strategies to incorporate more liquid alternatives.
03:18
The 350km/h high-speed rail line, expected to begin running in 2035, will cut travel time from Hanoi to Ho Chi Minh City from approximately 30 hours to 5.5 hours.
03:17
Seoul shares fell sharply on Friday, September 11, as surging oil prices heightened inflation concerns. The benchmark Korea Composite Stock Price Index (KOSPI) closed 124.01 points, or 1.76 percent, down at 6,909.91, after opening 3.29 percent lower. The Korean won also fell against the US dollar, with investors awaiting key US inflation data for clues about the Federal Reserve's future interest rate policy. Trade volume was moderate at 265.92 million shares worth $14.4 billion.
02:47
Emmanuel Moulin, the head of the French central bank, warned that French politician Jean-Luc Mélenchon's proposal to cancel 18% of French national debt would constitute a default, calling it "illegal, dangerous, and useless." Moulin further cautioned that the plan could exacerbate inflation and push up interest rates, echoing previous criticisms from European Central Bank President Christine Lagarde.
02:39
Major producers are expanding into critical minerals like lithium and aluminum, as well as gold, solar power, and gasification. This strategy is driven by increasing external volatility and domestic policy uncertainty. Alamtri Resources Indonesia, formerly Adaro Energy, is preparing to ship its first batch of aluminum ingots from a smelter in North Kalimantan.
02:34
According to Nikkei, the Bank of Japan (BOJ) plans to raise its key interest rate from the current 1% to 1.25% at its Policy Board meeting on September 17-18. This move aims to curb inflationary pressures and address rising crude oil prices and the depreciation of the Japanese Yen. If this rate hike materializes, it would be the shortest interval between two rate hikes since the current tightening cycle began in March 2024.
02:27
According to Axios, citing U.S. officials, Saudi Crown Prince Mohammed bin Salman asked President Trump to launch airstrikes against the Houthis. Trump reportedly refused, as Washington seeks to avoid direct involvement, even as the Houthis expand near the Bab el-Mandeb Strait.
02:21
The move would expand one of crypto's biggest trading products into equities, amid ongoing regulatory disputes on Wall Street over such instruments. Kalshi intends to seek approval for approximately 60 stock and ETF perpetual contracts.
02:18
Iran's Foreign Minister and the foreign ministers of the six Gulf Cooperation Council (GCC) countries are scheduled to meet on September 14 (next Monday) in Salalah, Oman, to seek support for an interim agreement to regulate commercial vessel traffic in the Strait of Hormuz. Meanwhile, Yemen's Houthi Supreme Political Council issued a statement announcing that clashes in the western Red Sea coastal provinces have ceased. Affected by this news, Brent crude oil fell nearly 2.0% during the day to $105.57 per barrel; spot gold rose 1% to $4,357.59 per ounce; Bitcoin fell below $77,000, and U.S. stock futures rallied across the board.
02:18
Upbit Announcement: Deposits and withdrawals for Hippo Protocol (HP) will be temporarily suspended starting September 18 at 12:00 PM (KST).
02:17
The patient stated that Grok Bot can watch YouTube videos, identify individuals in them, and then draft promotional posts for X and Facebook in their personal voice. These posts can be automatically published after user confirmation. He emphasized that Grok Bot shifts the bottleneck of content publishing from manual operation to judgment, which he still controls.
02:13
Bankers warn that the US Treasury secretary’s claims of insider knowledge could erode market perceptions of the Japanese central bank’s independence.
02:10
JoyIn CEO Guo Renjie claims OpenAI's "An Alien Mind" model, released Sept. 6, shows technical and design similarities to JoyIn's "extraterrestrial visitor" AI model framework, which was publicly presented weeks prior. JoyIn's new Aether model, announced Thursday, boasts a 90% first-attempt success rate for humanoid tasks using a perceptive control approach. The Ant-backed startup has initiated legal proceedings.
02:06
The strengthening Korean Won is encouraging local investors to increase their purchases of U.S. stocks again, as the appreciation of the local currency makes dollar-denominated assets cheaper in Won terms. According to data from the Korea Securities Depository, the outstanding value of U.S. stocks held by Korean residents reached $191.84 billion as of Wednesday. This figure is higher than $171.46 billion at the end of July and $188.36 billion at the end of August, indicating a continued upward trend in September.
02:03
★★★★Gross Domestic Product MoMPrevious 0.3%Forecast 0%Actual 0.4% Above forecast↑
Balance of TradePrevious -5.54BForecast -4BActual -20.97B Below forecast↓
Gross Domestic Product YoYPrevious 1.1%Forecast 1.2%Actual 1.6% Above forecast↑
02:01
Haidilao International Holding's stock plunged 10% in Hong Kong this week after co-founder Shu Ping, wife of chairman Zhang Yong, announced plans to sell 259 million shares, representing a 4.65% stake. This move highlights the risks to investors from Beijing's new taxation regime on wealthy individuals' overseas assets.

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