The collapse of Woodford continues to leave investors perplexed. Campaigners are pressing for a public inquiry, arguing that few lessons have been learned.
F
Financial TimesOriginal★★☆☆☆2026-08-28 09:53
HMRC data shows that 240 people each reported more than £1 million ($1.36 million) in cryptocurrency gains, as tax scrutiny of crypto assets intensifies in the UK.
TThe BlockOriginal★★★☆☆2026-08-28 09:37
Traders returning from their August breaks will face a range of market risks, including growing concern over elevated government debt and inflation that may persist.
R
ReutersOriginal★★★★☆2026-08-28 09:35
Persian Gulf oil exports have recovered to about two-thirds of their pre-war level, reaching roughly 15-16 million barrels per day as Strait of Hormuz transits increase, Bloomberg reported, citing Goldman Sachs analysts. Full recovery would require another 6-8 million barrels per day through the strait.
T
TASSOriginal★★★★☆2026-08-28 09:16
CENTCOM chief Admiral Bradley Cooper said US forces had provided coordinated protection for nearly 1,500 commercial vessels crossing the Strait of Hormuz over several months, carrying almost 750 million barrels of crude. He claimed Iran has exported no oil since the US resumed its maritime blockade in mid-July. US forces have also redirected 75 vessels and disabled three.
Kraken users were briefly locked out between Aug. 17 and Aug. 24 amid activity that appeared designed to spread sanctioned funds and trigger account restrictions.
C
CoinDeskOriginal★★☆☆☆2026-08-28 09:10
Bitcoin options worth $6.4 billion have expired after the cryptocurrency climbed from roughly $62,000 to around $80,000. Traders are now rebuilding positions around a markedly different price range.
CCoinDeskOriginal★★☆☆☆2026-08-28 09:09
IREN shares dropped 8% as weakening profitability overshadowed a major milestone in the company’s transformation into an AI cloud provider.
CCoinDeskOriginal★★☆☆☆2026-08-28 09:07
The Bank of Russia bought yuan worth 5.9 billion rubles ($68.64 million) on the domestic market for settlement on August 27, 2026. Purchases settled on August 26 amounted to 6 billion rubles ($69.81 million). The operations use the yuan-ruble instrument on the Moscow Exchange.
TTASSOriginal★★☆☆☆2026-08-28 08:49
Unipol Chairman Carlo Cimbri said Banca Monte dei Paschi di Siena’s headquarters would stay in the Tuscan city if Intesa Sanpaolo’s takeover succeeds.
RReutersOriginal★★☆☆☆2026-08-28 08:35
South Africa is preparing to issue its first sovereign green bond as soon as this fiscal year, aiming to help raise 3.7 trillion rand ($228 billion) needed over the next decade to address the effects of greenhouse-gas emissions.
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Bloomberg NewsOriginal★★★☆☆2026-08-28 08:30
Treasury yields were little changed as investors focused on Kevin Warsh’s keynote speech at Jackson Hole.
C
CNBCOriginal★★☆☆☆2026-08-28 08:24
Warsh’s Jackson Hole speech could shape expectations about Federal Reserve support for Treasury buybacks, with potential consequences for bitcoin, gold and long-term yields.
Rae Wee looks ahead to the day in European and global markets as Warsh heads into the Jackson Hole hot seat.
Tianjin Port’s Global Ro-Ro terminal has put a new automobile logistics yard into operation, with the first commercial vehicles arriving on Wednesday. Covering 176,200 square meters, the facility has about 5,000 parking spaces, annual capacity for roughly 140,000 vehicles, digital management systems and wastewater recycling. It is intended to expand vehicle storage and ro-ro logistics in northern China.
C
China News ServiceOriginal★★☆☆☆2026-08-28 08:23
China’s Cross-border Interbank Payment System now serves 192 countries and regions, the People’s Bank of China says. By the end of June 2026, it had 210 direct and 1,619 indirect participants, with access through more than 5,200 banking institutions. China also plans longer high-value payment-system hours and broader fast-payment and cross-border QR-code interoperability.
CChina News ServiceOriginal★★★☆☆2026-08-28 08:23
A scheduled freighter service between Chengdu and Addis Ababa began on Friday, the first such route to Africa since China introduced comprehensive zero-tariff treatment for 53 African countries with diplomatic ties. It will initially operate twice weekly, carrying African agricultural products to China and high-value Chinese goods to Africa.
CChina News ServiceOriginal★★★☆☆2026-08-28 08:16
Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, announced its third de-SPAC transaction through a merger with satellite communications firm Astrum Space. The Singapore-based company will combine with Black Spade Acquisition III at an equity value of about US$1 billion, with the resulting entity seeking a New York Stock Exchange listing.
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South China Morning PostOriginal★★☆☆☆2026-08-28 08:01
Amazon has signed long-term agreements to purchase electricity from four Swedish wind farms as it expands data-center capacity in the Nordic country and seeks to meet rising power demand.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 08:00
Russia’s stock market moved higher at the opening of the main trading session, while the yuan weakened against the ruble. The MOEX and RTS indices initially gained 0.86% to 2,111.46 and 773.85 points, with both later easing to a 0.76% rise.
TTASSOriginal★★☆☆☆2026-08-28 07:59
More than 99% of imports between China and Switzerland will ultimately be tariff-free under an upgraded free trade agreement, China’s Commerce Ministry spokesperson Huang Ling said. The upgrade includes rules of origin, trade facilitation, standards cooperation, wider services and investment access, and collaboration in digital trade, AI and other sectors. Domestic procedures are underway before formal signing.
CChina News ServiceOriginal★★★☆☆2026-08-28 07:57
Kalshi has partnered with The Weather Company to strengthen the data it uses to settle contracts in its rapidly growing weather and climate prediction markets.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 07:30
Russian companies lost 1.4 billion rubles ($16.29 million) to cyber fraud in the first half of 2026, nearly three times the amount a year earlier, a Bank of Russia cybersecurity expert said. Fraudsters mainly targeted accounting and finance departments through social engineering, including demands to install remote-access apps or transfer money to a “safe” account.
TTASSOriginal★★★☆☆2026-08-28 07:22
Cash holdings in Russia’s economy continue to rise, while a structural liquidity deficit is emerging in the banking sector, Sberbank CFO Taras Skvortsov said. He expects about 4.2 trillion rubles in liquidity to shift into cash by the end of 2026, but believes the financial market remains resilient enough for conditions to normalize.
TTASSOriginal★★★☆☆2026-08-28 07:20
China’s Commerce Ministry spokesperson Huang Ling said Thursday that Beijing firmly opposes a possible additional 7.5% U.S. tariff on Chinese imports and reserves the right to take necessary measures. She called Washington’s Section 301 investigations into 16 economies over alleged “excess capacity” an attempt to politicize trade and an act of unilateralism and protectionism.
CChina News ServiceOriginal★★★★☆2026-08-28 07:08
After a blockbuster quarter, Nvidia, the planet’s most valuable company, is promising even more growth.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 07:00
Bitcoin and gold rallied this week as the scale of US sovereign debt continued to weigh on global financial markets. Alibaba founder Jack Ma and senior executives bought back shares, while Shein planned a smaller-than-expected Hong Kong IPO. The figures have attracted strong market attention.
SSouth China Morning PostOriginal★★☆☆☆2026-08-28 07:00
China’s new economic growth drivers index reached 153 in 2025, up 12.5% from a 2022 base of 100, according to the National Bureau of Statistics’ Institute of Statistical Sciences. All four sub-indexes rose, led by a 22.7% increase in transformation and upgrading and a 12.9% rise in innovation-driven growth; together they contributed 65.5% of the overall increase.
CChina News ServiceOriginal★★★☆☆2026-08-28 06:52
The first themed salon of the Hainan-Hong Kong Parlor was held in Hong Kong with about 50 representatives from government agencies, financial institutions and investors. Participants discussed Hainan’s post-customs-closure financial opening policies, Free Trade Accounts, the QFLP pilot and cooperation between industrial funds.
CChina News ServiceOriginal★★☆☆☆2026-08-28 06:47
The 2026 China International Fair for Trade in Services will add dedicated exhibition areas to display domestic innovations and support companies seeking overseas markets. About 90 countries and international organizations and more than 1,800 offline exhibitors are expected, with Norway as country of honor and Guangxi as guest province.
CChina News ServiceOriginal★★☆☆☆2026-08-28 06:35
All three Solana proposals have met quorum. A measure to slow the creation of new SOL is narrowly ahead, while a separate proposal to substantially increase token burns remains short of the two-thirds support required.
CCoinDeskOriginal★★☆☆☆2026-08-28 06:22
Markets are awaiting a much-anticipated speech by Federal Reserve Chairman Kevin Warsh after recent volatility in bond yields.
CCNBCOriginal★★☆☆☆2026-08-28 06:14
Federal Reserve Chair Kevin Warsh is due to address international economists and central bankers on Friday. Investors worldwide will look for more detail on the economy, recent bond-market volatility and risks to the U.S. and global outlooks.
China Life Insurance, the country’s largest life insurer, reported record first-half results and said it would increase investment in technology-related sectors while seeking long-term partnerships with innovative companies. Revenue rose 81.5 per cent year on year to 434.3 billion yuan, while net profit jumped more than 228 per cent to 134.5 billion yuan.
SSouth China Morning PostOriginal★★★☆☆2026-08-28 06:00
A consortium made up of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal, Bloomberg News reported, citing people familiar with the matter.
RReutersOriginal★★☆☆☆2026-08-28 05:45
US consumer spending is rising, but not in the areas that would signal a healthy expansion, suggesting some strain among consumers.
FFinancial TimesOriginal★★☆☆☆2026-08-28 05:30
John Barker, director general of the International Organisation of Vine and Wine, said China could become a major producer of high-quality wine, citing its sustainability efforts and growing expertise in local terroir. The upcoming congress in Beijing will spotlight Ningxia and China’s contributions to standards, trade facilitation and consumer protection.
CChina News ServiceOriginal★★☆☆☆2026-08-28 05:10
Tokyo’s annual core inflation accelerated for a third consecutive month in August, data showed, indicating that price pressures are broadening and strengthening the case for a rate hike as early as next month.
RReutersOriginal★★★☆☆2026-08-28 05:05
Bitcoin’s Coinbase premium indicator has turned positive for the first time since May as BTC seeks to establish a foothold above $80,000.
CCoinDeskOriginal★★☆☆☆2026-08-28 05:02
Toyota Motor said global vehicle sales and production declined in July as weaker results in China, the United States and the Middle East outweighed stronger performance in Japan.
RReutersOriginal★★★☆☆2026-08-28 04:50
Bitcoin held around $80,000 while Solana led major cryptocurrencies higher. Every major token except HYPE gained over 24 hours, capping a week in which bitcoin rose 9% and solana climbed 20%.
CCoinDeskOriginal★★☆☆☆2026-08-28 04:40
Indian shares opened higher on Friday after two consecutive sessions of losses. Caution could persist ahead of a speech by the Federal Reserve chair and following sharp swings under the new closing auction mechanism.
RReutersOriginal★★☆☆☆2026-08-28 04:30
The SEC has cleared the paperwork for Evernorth’s merger with a shell company. The deal is set for a Sept. 30 shareholder vote, paving the way for a Nasdaq listing under the ticker XRPN if approved.
CCoinDeskOriginal★★☆☆☆2026-08-28 04:21
XRP treasury firm Evernorth said the S-4 registration statement tied to its merger with SPAC company Armada is now effective, clearing the way for its planned Nasdaq listing.
The Indian rupee is expected to open little changed on Friday, with steady importer demand for dollars offset by continued central-bank support. The tug-of-war is likely to keep the currency near 95.50 per U.S. dollar ahead of the Federal Reserve chief’s closely watched speech.
RReutersOriginal★★☆☆☆2026-08-28 04:20
Preliminary shipping data showed that seven commodity vessels passed through the Strait of Hormuz on Thursday, down from 17 the previous day and below the 10-day average of 15.
RReutersOriginal★★★★☆2026-08-28 04:10
Oil flows through the Strait of Hormuz are increasing.
Issuance of zero-interest convertible bonds is on track to reach its highest-ever level as volatility in AI stocks remains high and companies seek to contain borrowing costs.
FFinancial TimesOriginal★★☆☆☆2026-08-28 04:00
The Solicitors Regulation Authority is investigating Gunnercooke over work connected to mortgage provider MFS, which has collapsed.
FFinancial TimesOriginal★★☆☆☆2026-08-28 04:00
Shares of Chinese ice cream and tea chain Mixue extended their losses after the company reported lower first-half profit despite higher revenue, as rising costs weighed on results.
CCNBCOriginal★★☆☆☆2026-08-28 03:58
Nvidia’s market capitalization climbed by $442 billion in one trading session, ranking second in history among one-day gains for an individual stock.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 03:45
The Trump administration is discussing a deal with Caracas to secure US government access to a group of Venezuelan oilfields for development by American companies, with supplies guaranteed for the US. Sources say it could be announced soon, but Venezuela’s laws and constitution may expose it to legal challenges.
AAl JazeeraOriginal★★★★☆2026-08-28 02:32
The Trump administration is discussing with Venezuela’s interim government whether to take an ownership stake in the South American country’s oil resources, Axios reported on Thursday, citing two U.S. officials.
Trump administration officials are negotiating an agreement that would give the United States long-term access to part of Venezuela’s crude reserves, according to people familiar with the talks. The United States is overseeing Venezuela’s oil exports.
The United States is negotiating with Venezuela over taking a large stake in the country’s oil fields. The move is framed as a dramatic Trump administration effort to extend its influence over the post-Maduro government and Venezuela’s vast energy reserves.
Asian shares turned cautious on Friday after a technology rally fueled by Nvidia, while currency and bond markets awaited remarks from the world’s most powerful central banker on U.S. interest rates.
RReutersOriginal★★☆☆☆2026-08-28 02:20
Analysts say CATL is seeking potential growth engines beyond the EV boom by investing in areas ranging from data centres to hydropower stations. Since June last year, at least seven CATL-led equity deals worth more than 17 billion yuan have been announced in non-battery sectors, including humanoid robots, state-owned hydropower and artificial intelligence.
SSouth China Morning PostOriginal★★☆☆☆2026-08-28 02:00
Venezuela is seriously weighing withdrawal from OPEC and has discussed the idea with US officials, Bloomberg reports, citing sources. No final decision has been made. The agency says an exit could open the way to a greater US presence in Venezuela.
TTASSOriginal★★★★☆2026-08-28 01:42
Oil prices fell on Friday and were headed for a weekly decline, ending a two-week winning streak, despite rising in the previous session after a report said U.S. President Donald Trump was not interested in returning to earlier deal terms with Iran.
RReutersOriginal★★☆☆☆2026-08-28 01:31
President Donald Trump’s administration is reportedly considering new tariffs on chips, while Nvidia is increasing its support for Chinese AI models.
CCNBCOriginal★★★☆☆2026-08-28 01:19
BitGo has acquired NYDIG’s institutional trading business, bringing about 30 NYDIG employees and their institutional trading relationships into the company. The deal expands BitGo’s derivatives offering.
TThe BlockOriginal★★☆☆☆2026-08-28 01:11
High-Flyer Quant, which funded DeepSeek, has emerged as a notable force and is moving into new listings while pursuing returns in China’s red-hot but volatile IPO market.
CCNBCOriginal★★☆☆☆2026-08-28 01:02
US Commerce Secretary Howard Lutnick accused Canada of derailing trade talks with last-minute demands. He said Prime Minister Mark Carney had political incentives to scuttle a deal that was beginning to take shape.
BBloomberg NewsOriginal★★★☆☆2026-08-28 01:00
The Trump administration wants G20 finance leaders meeting in the United States next week to agree on measures to support economic growth, reduce global imbalances and address sovereign debt challenges. A senior Treasury official said Washington will also press them to cut off Iran’s economic lifelines.
RReutersOriginal★★★★☆2026-08-28 00:40
Canada’s leading economists told the finance minister that damage from the escalating trade war with the US should be manageable, potentially strengthening Prime Minister Mark Carney’s argument for walking away from the talks.
BBloomberg NewsOriginal★★★★☆2026-08-28 00:30
China has long been Kyrgyzstan’s largest trading partner, with bilateral economic and trade cooperation advancing steadily, the Commerce Ministry said. Trade reached $11.7 billion in the first seven months of the year, while China’s direct investment in Kyrgyzstan exceeded $2 billion by the end of July, spanning infrastructure, energy, mining, agriculture and green development.
CChina News ServiceOriginal★★★★☆2026-08-28 00:22
Hong Kong lived-in home prices fell 0.46% in July, ending a 13-month rise, official data showed. The second-hand home index dropped from 323 in June to 321.5, marking its first decline in 16 months as concerns over mainland Chinese taxes weighed on demand.
SSouth China Morning PostOriginal★★☆☆☆2026-08-28 00:00
KuCoin has expanded sanctions screening to indirect transfers involving 17 crypto platforms, including Justin Sun-linked HTX. Users may face held or rejected transactions, wallet restrictions or account suspension even without direct dealings, depending on fund origins, addresses and intermediaries.
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CryptoSlateOriginal★★☆☆☆2026-08-27 23:40
Canada canceled planned tariffs on about C$1.1 billion ($794 million) of US fish and seafood products, giving economic relief to Maine and Alaska. Both states are major fish exporters and important battlegrounds in the midterm contest for control of the US Senate.
BBloomberg NewsOriginal★★★☆☆2026-08-27 23:30
Wealthy Chinese are reconsidering Singapore as Beijing’s scrutiny of offshore wealth and geopolitical risks make alternative destinations less attractive.
CCNBCOriginal★★☆☆☆2026-08-27 23:29
Solstice Advanced Materials and Element Solutions have mutually agreed to shelve their $14.5 billion merger. In statements on Thursday, the companies said feedback from shareholders favored keeping each business independent and pursuing its existing strategy.
RReutersOriginal★★☆☆☆2026-08-27 23:25
Brazil’s oil export levy now faces conflicting decisions: a local court ordered collection halted on Thursday, while the government’s foreign trade chamber approved extending the measure for another 60 days.
RReutersOriginal★★★☆☆2026-08-27 23:15
Russians will be able to pay with digital rubles from September 1, when the law creating the new form of currency takes effect. Issued by the Bank of Russia, digital rubles will equal cash and bank-account rubles, operate through central-bank digital wallets, and be usable for payments and transfers. Transactions will not be anonymous, as the central bank and Rosfinmonitoring can access the data.
MMeduzaOriginal★★★☆☆2026-08-27 23:10
Rivian CFO Claire McDonough is leaving the electric vehicle maker to take the same role at GE Vernova. Her departure comes as Rivian accelerates the rollout of more affordable SUVs amid fragile U.S. demand for electric vehicles.
RReutersOriginal★★☆☆☆2026-08-27 23:05
The UAE’s national security adviser is taking a major investment role in a banking venture linked to President Trump’s family and holds a 49% stake, the Wall Street Journal reported.
TThe BlockOriginal★★★☆☆2026-08-27 23:02
World Liberty’s proposed trust bank has received preliminary federal approval, according to the Wall Street Journal. The Trump-backed crypto venture is deepening its ties to a senior UAE official who backs taking a 49% stake in the project.
A recent rise in the dollar’s share of global foreign-exchange reserves does not amount to a reversal of the de-dollarisation trend.
FFinancial TimesOriginal★★☆☆☆2026-08-27 23:01
Tiger Brokers and Futu Holdings delivered robust second-quarter growth by expanding overseas as Beijing’s toughest crackdown yet on illegal cross-border stock trading weighed on mainland growth. Tiger’s parent, UP Fintech Holding, reported record revenue of US$182.3 million, up 31.4% year on year, while net income attributable to shareholders fell to US$39.4 million from US$41.4 million.
SSouth China Morning PostOriginal★★☆☆☆2026-08-27 23:00
Canada has added a 50% tariff on US-made copper wire and wood charcoal to its retaliation list, replacing fish and seafood products that were removed, according to the Department of Finance.
BBloomberg NewsOriginal★★★☆☆2026-08-27 22:30
Workday reported a 12.8% rise in second-quarter revenue as enterprises subscribed to its AI-powered finance and human resources software. Its outlook met estimates, but the shares slipped.
RReutersOriginal★★☆☆☆2026-08-27 22:25
American corporate boards are increasingly turning to candidates from outside their own organizations to lead their companies as chief executive officers.
BBloomberg NewsOriginal★★☆☆☆2026-08-27 22:00
Canada cannot accept a trade agreement with the United States unless it protects the survival of a strong Canadian auto assembly and parts industry, its ambassador to Washington said Thursday. He gave no indication of when negotiations might resume.
RReutersOriginal★★★☆☆2026-08-27 21:50
A New York Fed study found that wallets linked to countries facing currency or banking crises were more likely to receive dollar stablecoins, with receipt volumes rising during crisis weeks. The researchers say stablecoins give households and businesses a way to obtain dollar exposure outside domestic banking channels, potentially weakening capital controls in future crises.
CCryptoSlateOriginal★★★☆☆2026-08-27 21:20
Personal finance expert and author Anthony O’Neal shares advice on avoiding financial stress when your paycheck is not getting bigger.
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ABC NewsOriginal★☆☆☆☆2026-08-27 20:39
The little-known iron ore trader secured money, connections and credibility from blue-chip companies. Several of those firms are now tallying their losses as banks pursue fake invoices linked to the business.
BBloomberg NewsOriginal★★☆☆☆2026-08-27 20:30
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.