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Germany’s FM says Algeria could provide future gas supplies

German Foreign Minister Johann Wadephul urged Berlin to diversify its energy sources amid the Strait of Hormuz crisis and rising fuel prices. He called Algeria a reliable partner and said Germany was seeking long-term contracts for gas, with green hydrogen also offering potential for closer cooperation.

Energy & commoditiesGermanyAlgerianatural gasenergy security

DDWOriginal★★★☆☆2026-09-01 10:07

Germany’s FM says Algeria could provide future gas supplies
Germany’s FM says Algeria could provide future gas supplies

XRP investors poured $320M into ETFs despite $746M paper loss

Five major US spot XRP products held XRP worth $746.1 million less than their accounting cost at the end of June, a 44.1% gap. Yet first-half creations totaled about $629.9 million versus $309.1 million in redemptions, leaving net capital activity positive at roughly $320.8 million.

MarketsCryptoXRPcrypto ETFsfund flows

CCryptoSlateOriginal★★☆☆☆2026-09-01 10:05

XRP investors poured $320M into ETFs despite $746M paper loss
XRP investors poured $320M into ETFs despite $746M paper loss

A rerun of the 1997 Asian financial crisis? HSBC chief economist sees significant similarities

HSBC’s chief economist sees significant similarities between today’s financial environment and the period leading up to the 1997 Asian financial crisis, when surging U.S. bond yields, a weak Japanese yen and optimism about technology dominated markets.

Macro & central banksMarketsBanking & financeAsian financial crisisbond yieldsJapanese yentech optimism

CCNBCOriginal★★☆☆☆2026-09-01 09:58

A rerun of the 1997 Asian financial crisis? HSBC chief economist sees significant similarities
A rerun of the 1997 Asian financial crisis? HSBC chief economist sees significant similarities

Euro zone inflation is back above 3%, with higher rates likely to follow

Euro zone inflation has moved back above 3%. The European Central Bank is expected to raise interest rates in September as the Iran war drives up energy costs across the region.

Macro & central banksMarketsEnergy & commoditiesEuro zone inflationEuropean Central Bankenergy prices

CCNBCOriginal★★★★☆2026-09-01 09:56

Euro zone inflation is back above 3%, with higher rates likely to follow
Euro zone inflation is back above 3%, with higher rates likely to follow

Digital ruble to benefit creative industries — expert

The digital ruble’s development will benefit Russia’s creative industries by attracting new investors, PSB Bank executive Maxim Bykovets said at the Eastern Economic Forum. He said the highly specialized market requires substantial expertise and may need specialized funds to manage portfolios of digital financial assets issued by companies and individual creators.

MarketsCompanies & industryRussiadigital rublecreative industriesinvestment

TTASSOriginal★★★☆☆2026-09-01 09:54

Digital ruble to benefit creative industries — expert

Indonesia swings back to trade surplus in July

Indonesia returned to a trade surplus in July after two months of deficits, with exports growing faster than expected. Analysts cautioned, however, that robust imports could still put pressure on the country’s external balance.

Trade & sanctionsIndonesiatrade surplusexportsimports

RReutersOriginal★★★☆☆2026-09-01 09:50

Indonesia swings back to trade surplus in July
Indonesia swings back to trade surplus in July

Global bond rout deepens as Japan yield hits key threshold

The global debt selloff intensified as Japan’s benchmark 10-year bond yield reached the key 3% level for the first time since 1996. Traders are concerned about oil-driven inflation, tighter monetary policy and deteriorating fiscal conditions.

Macro & central banksMarketsglobal bond marketJapan bondsinflationmonetary policy

RReutersOriginal★★★★☆2026-09-01 09:40

Global bond rout deepens as Japan yield hits key threshold
Global bond rout deepens as Japan yield hits key threshold
  • Global bond yields soar to multi-decade highs as Middle East turmoil revives inflation fears
    Global bond yields soar to multi-decade highs as Middle East turmoil revives inflation fears

    Bond yields jumped across major markets on Tuesday as hostilities between the U.S. and Iran renewed concerns over energy costs and inflation. Yields in Japan and the U.K. reached multi-decade highs.

    Global bondsBond yieldsInflationMiddle East turmoil

    CCNBC★★★★☆2026-09-01 09:31Original
  • Analysts react to global bond selloff
    Analysts react to global bond selloff

    Japan’s benchmark bond yield reached 3% on Tuesday for the first time since 1996 as bonds sold off broadly around the world. The move highlights how inflation, fiscal worries and rate increases are reshaping markets that once anchored global borrowing costs.

    global bondsJapaninflationinterest rates

    RReuters★★★★☆2026-09-01 08:50Original

Brent crude tops $92 per barrel on ICE for first time since August 25

November Brent crude futures on London’s ICE exchange moved above $92 per barrel for the first time since August 25, according to market data. At 11:05 a.m. Moscow time, Brent was up 1.92% at $92.23, while WTI futures rose 1.97% to $87.45. Brent later eased to $92.20, up 1.89%.

Energy & commoditiesBrent crudeoil pricesICE exchange

TTASSOriginal★★☆☆☆2026-09-01 09:38

Brent crude tops $92 per barrel on ICE for first time since August 25

Bank of Russia buys $68.09 mln in yuan with August 31 settlement

The Bank of Russia bought 5.9 billion rubles ($68.09 million) worth of yuan on the domestic market, with settlement on August 31, according to regulator data. Purchases settled on August 28 totaled 6 billion rubles ($69.24 million). The transactions use the yuan-ruble instrument on the Moscow Exchange.

Macro & central banksMarketsBank of Russiayuanforeign exchange

TTASSOriginal★★☆☆☆2026-09-01 09:16

Bank of Russia buys $68.09 mln in yuan with August 31 settlement

Air Liquide rises as Elliott reportedly builds stake and pushes for higher margins

Air Liquide shares climbed as much as 4.2% on Tuesday after people familiar with the matter said activist investor Elliott Investment Management had taken a stake in the French industrial gases company and was pressing for higher margins.

MarketsCompanies & industryAir LiquideElliott Investment Managementactivist investorprofit margins

RReutersOriginal★★☆☆☆2026-09-01 09:15

Air Liquide rises as Elliott reportedly builds stake and pushes for higher margins
Air Liquide rises as Elliott reportedly builds stake and pushes for higher margins

China ends dividend tax exemption for expatriates, applying 20% rate

China’s tax authorities said on Tuesday that expatriates receiving dividends from foreign-funded firms would no longer qualify for a tax exemption. A 20 per cent rate takes effect immediately, with Xinhua describing the change as an effort to unify the tax system.

Macro & central banksCompanies & industryChina taxationdividend taxforeign-funded firms

SSouth China Morning PostOriginal★★★☆☆2026-09-01 09:14

China ends dividend tax exemption for expatriates, applying 20% rate
China ends dividend tax exemption for expatriates, applying 20% rate

Shein slips on Hong Kong debut amid fast-fashion challenges

Fast-fashion retailer Shein fell on its Hong Kong trading debut as it faces stronger competition and the removal of tax breaks in key markets. Its shares briefly dropped as much as 10% before closing 0.1% below the IPO price at HK$48.50. The offering raised HK$13.6 billion and valued the company at about US$26 billion.

MarketsSheinHong Kong IPOfast fashioncompetition

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 09:11

Shein slips on Hong Kong debut amid fast-fashion challenges
Shein slips on Hong Kong debut amid fast-fashion challenges
  • Shein shares slide as fast-fashion retailer makes Hong Kong debut
    Shein shares slide as fast-fashion retailer makes Hong Kong debut

    Shein shares fell as much as 10% after the China-founded, Singapore-headquartered fast-fashion retailer began trading in Hong Kong. Its HK$48.56 offer price valued the company at just over $26bn; shares ended at HK$46.62, down 4%. The weak debut followed failed US and UK listing plans amid forced-labour and supply-chain concerns, while regulatory changes threaten its low-value parcel business model.

    SheinHong Kong IPOfast fashionstock market

    TThe Guardian★★★☆☆2026-09-01 07:11Original
  • Shein shares fall on Hong Kong debut as parcel duties and Iran costs bite

    Shein’s shares fell on their Hong Kong debut after the company’s unsuccessful attempts to list in New York and London. US tariffs and rising shipping costs are squeezing profits at the fast-fashion giant.

    SheinHong Kong listingUS tariffsshipping costs

    Eeuronews★★☆☆☆2026-09-01 06:26Original
  • Shein shares fall after Hong Kong debut highlights its China roots
    Shein shares fall after Hong Kong debut highlights its China roots

    Shares in fast-fashion online retailer Shein fell after the company began trading on the Hong Kong stock exchange following a lengthy delay, with the debut spotlighting its China roots.

    SheinHong Kong listingfast fashion

    TThe Associated Press★★☆☆☆2026-09-01 06:00Original
  • Shein shares fall nearly 8% in weak Hong Kong debut
    Shein shares fall nearly 8% in weak Hong Kong debut

    Fast-fashion giant Shein fell nearly 8% on its first trading day in Hong Kong on September 1. After unsuccessful attempts to list in the US and UK, the company is now valued at about a quarter of its peak and faces higher trade costs, tighter scrutiny and stronger competition.

    SheinHong Kong listingfast fashiontrade pressure

    BBBC Chinese★★★☆☆2026-09-01 05:24Original
  • Shein shares slump in Hong Kong after long-awaited IPO
    Shein shares slump in Hong Kong after long-awaited IPO

    China-founded global online fashion giant Shein made an underwhelming debut on the Hong Kong Stock Exchange, with its shares falling after a years-long effort to enter capital markets.

    SheinHong Kong stocksIPO

    RReuters★★☆☆☆2026-09-01 04:30Original
  • Shein shares fall nearly 8% in Hong Kong debut
    Shein shares fall nearly 8% in Hong Kong debut

    Fast-fashion giant Shein fell almost 8% on its first day of trading in Hong Kong after unsuccessful efforts to list in the US and UK. The offering raised HK$13.6bn and valued the company at $26.3bn, as labour, environmental and regulatory concerns, competition and trade tensions weigh on its prospects.

    SheinHong Kong listingfast fashionstock market

    BBBC News★★☆☆☆2026-09-01 02:51Original
  • Shein shares slide 10% in Hong Kong trading debut

    Fast-fashion retailer Shein’s shares fell 10% on their Hong Kong trading debut after the company completed its long-delayed initial public offering at a bargain-basement valuation.

    SheinHong Kong listingIPO

    FFinancial Times★★★☆☆2026-09-01 02:19Original
  • Shein Shares Fall in Hong Kong Debut, Testing Demand for Consumer Stocks
    Shein Shares Fall in Hong Kong Debut, Testing Demand for Consumer Stocks

    Shein Global Holdings Ltd. shares dropped as much as 10% in their Hong Kong debut. The initial public offering had raised HK$13.6 billion, or $1.7 billion.

    SheinHong Kong listingconsumer stocks

    BBloomberg News★★☆☆☆2026-09-01 02:00Original
  • Fast-fashion giant Shein shares fall 7% in Hong Kong debut
    Fast-fashion giant Shein shares fall 7% in Hong Kong debut

    Fast-fashion giant Shein’s shares fell 7% as the company made its Hong Kong market debut on Tuesday, following years of attempts to go public.

    SheinHong Kong listingfast fashion

    CCNBC★★☆☆☆2026-09-01 01:34Original

French rail start-up Velvet gets green light to compete with SNCF on high-speed lines

French rail start-up Velvet has secured the first approval required to launch high-speed services from Paris to cities including Bordeaux, Nantes and Angers. The move could introduce more choice and competition on some of the country’s busiest routes.

OtherFrench railVelvetSNCFhigh-speed competition

EeuronewsOriginal★★☆☆☆2026-09-01 09:05

French rail start-up Velvet gets green light to compete with SNCF on high-speed lines

Global investors descend on Shenzhen to pursue AI and robotics opportunities

Investors and business leaders are arriving in Shenzhen as global interest in China’s artificial intelligence and robotics industries grows. HSBC, UBS and Nomura each held investor conferences in the technology hub on Tuesday, with AI, robotics and other emerging technologies high on their agendas.

MarketsTech & AIShenzhenartificial intelligenceroboticsinvestment

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 09:00

Global investors descend on Shenzhen to pursue AI and robotics opportunities
Global investors descend on Shenzhen to pursue AI and robotics opportunities

Japan’s 10-year yield hits 3% for first time since 1996 as G20 focuses on rate hikes

Japan’s 10-year government bond yield reached 3% on Tuesday for the first time since 1996, amid a worsening global sell-off in sovereign debt. US Treasury Secretary Scott Bessent used the G20 finance meeting to urge Tokyo to raise rates faster.

Macro & central banksMarketsJapan bondsbond sell-offG20rate hikes

EeuronewsOriginal★★★★☆2026-09-01 08:54

Japan’s 10-year yield hits 3% for first time since 1996 as G20 focuses on rate hikes

Micron's Taiwan unions threaten strike over bonus dispute

Labour unions representing two-thirds of Micron Technology’s workforce in Taiwan say they are moving toward a possible strike unless the US memory-chip maker reforms its bonus system and shares its profits adequately.

OtherMicron TechnologyTaiwanlabor relations

RReutersOriginal★★☆☆☆2026-09-01 08:30

Micron's Taiwan unions threaten strike over bonus dispute
Micron's Taiwan unions threaten strike over bonus dispute

Britons face ‘risk premium’ for energy as US-Israel war on Iran intensifies

Ofgem will raise the UK energy price cap by 4 percent from October 1, 2026, after wholesale gas prices surged amid the US-Israel war on Iran. A typical household is expected to pay about £60 more annually. A government electricity-tax cut may provide some relief, but experts warn geopolitical volatility and import dependence will continue to weigh on costs.

Energy & commoditiesUKenergy pricesIran warStrait of Hormuz

AAl JazeeraOriginal★★★★☆2026-09-01 08:14

Britons face ‘risk premium’ for energy as US-Israel war on Iran intensifies
Britons face ‘risk premium’ for energy as US-Israel war on Iran intensifies

Luxembourg drops approval for Israel bonds issue: What that means

Luxembourg has allowed the authorisation for Israel bonds to expire, leaving Israel’s future borrowing through European investors uncertain. To keep issuing bonds in the EU market, Israel must find another member state willing to approve the prospectus.

MarketsLuxembourgIsrael bondsEU markets

AAl JazeeraOriginal★★★☆☆2026-09-01 08:08

Luxembourg drops approval for Israel bonds issue: What that means
Luxembourg drops approval for Israel bonds issue: What that means

National Patron of New Zealand–China Friendship Society: China Is Our Major Market

Former New Zealand agriculture minister and current National Patron of the New Zealand–China Friendship Society David Carter said China is New Zealand’s major market and that the relationship must be fostered and strengthened. He credited the free trade agreement with delivering immense benefits and is seeking to involve more young New Zealanders in engagement with China.

Trade & sanctionsNew ZealandChinatradebilateral relations

CChina News ServiceOriginal★★★☆☆2026-09-01 07:44

National Patron of New Zealand–China Friendship Society: China Is Our Major Market

23rd China-ASEAN Expo to be held in Nanning

The 23rd China-ASEAN Expo will run from September 17 to 21 in Nanning, Guangxi, Vice Minister of Commerce Yan Dong said. It will promote development of the China-ASEAN Free Trade Area and showcase new bilateral economic and trade achievements. China-ASEAN trade exceeded $1 trillion in 2025, reaching $1.05 trillion.

Trade & sanctionsChina-ASEANtradeexpo

CChina News ServiceOriginal★★☆☆☆2026-09-01 07:41

23rd China-ASEAN Expo to be held in Nanning

White House unveils more details of Trump’s Venezuela oil deal

The Trump administration says the US will form a private joint venture with North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt. The Pentagon’s Office of Strategic Capital will hold 35 percent, while the US will be able to buy 20 percent of output at cost. Acting President Delcy Rodriguez is granting the company 100-year rights to 17 fields, and Betancourt has pledged $100bn for new oil infrastructure.

MarketsEnergy & commoditiesCompanies & industryVenezuela oilDonald TrumpUS investmentenergy policy

AAl JazeeraOriginal★★★★☆2026-09-01 07:39

White House unveils more details of Trump’s Venezuela oil deal
White House unveils more details of Trump’s Venezuela oil deal

Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen

Japanese borrowing costs reached a 30-year high as the yen weakened to 160 per dollar on Tuesday and bond yields came under pressure. Traders were watching for a possible Japanese rate hike and potential intervention by Tokyo to support the yen, as mentioned by Bessent.

MarketsJapanyenbond yields

CCNBCOriginal★★★☆☆2026-09-01 07:31

Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen
Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen

Foreign investors expected to keep buying China A shares, but pace likely to slow: analyst

Foreign investors are expected to continue adding to China A-share holdings, although UBS says the pace of buying will likely ease from the surge seen in the first half of the year. UBS Securities China equity strategist Meng Lei still expects net inflows in the second half, but at a slower rate.

MarketsChina A sharesforeign investorscapital inflows

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 07:30

Foreign investors expected to keep buying China A shares, but pace likely to slow: analyst
Foreign investors expected to keep buying China A shares, but pace likely to slow: analyst

Russian stock market opens lower as yuan rises

Russian stock indices fell at the opening of the main trading session while the yuan strengthened against the ruble. The MOEX and RTS declined 0.33% to 2,171.78 and 792.04 points, with both losses widening to 0.39% by 10:15 a.m. Moscow time.

MarketsRussian stocksyuanrubleMoscow Exchange

TTASSOriginal★★☆☆☆2026-09-01 07:28

Russian stock market opens lower as yuan rises

China’s installed photovoltaic capacity surpasses coal for the first time

China’s photovoltaic capacity reached 1.286 billion kilowatts by the end of July, edging past coal-fired power at 1.285 billion kilowatts and becoming the country’s largest power source by installed capacity, the National Energy Administration said. Solar generation rose 15.5% in the first seven months, providing 13% of electricity consumption.

Energy & commoditiesChinaphotovoltaic powercoal powerenergy transition

CChina News ServiceOriginal★★★☆☆2026-09-01 07:26

China’s installed photovoltaic capacity surpasses coal for the first time

WorldDuolingo D-Day: Iranians question latest US sanctions targeting education

The United States has expanded sanctions on Iran and indefinitely suspended education-related licences that allowed limited cooperation between US universities, individuals and Iranians. The measures affect academic exchanges, education services and overseas study testing, prompting many Iranians to say ordinary civilians are being unjustly cut off from the international community.

IranUS sanctionseducationacademic exchange

AAl JazeeraOriginal★★★★☆2026-09-01 07:25

Duolingo D-Day: Iranians question latest US sanctions targeting education
Duolingo D-Day: Iranians question latest US sanctions targeting education
  • Iran says it has enough foreign currency despite US sanctions
    Iran says it has enough foreign currency despite US sanctions

    Iran’s central bank governor, Abdolnaser Hemmati, said on Tuesday that the country has adequate foreign-currency reserves despite U.S. sanctions. His comments followed Treasury Secretary Scott Bessent’s claim that Tehran was striking back because it was losing the economic war.

    IranUS sanctionsforeign-currency reserves

    RReuters★★★☆☆2026-09-01 07:00Original

China upgrades key Heilongjiang railway to support north-to-south grain shipments

The Youyi-Baoqing Railway in northeast China’s Heilongjiang Province has begun trial operations after its tracks and station lines were upgraded. The roughly 60-kilometer route links major grain-producing areas on the Sanjiang Plain with markets across China, strengthening a vital freight corridor without interrupting regular grain shipments.

Macro & central banksEnergy & commoditiesHeilongjiangrailway upgradegrain transport

CChina News ServiceOriginal★★☆☆☆2026-09-01 07:25

China upgrades key Heilongjiang railway to support north-to-south grain shipments

South Korea proposes record $597 billion 2027 budget to supercharge AI investment

South Korea unveiled its most aggressive fiscal spending plan on record, proposing 821 trillion won ($596.92 billion) in total government expenditure for 2027 to strengthen its technological edge in the global AI race.

Macro & central banksMarketsTech & AISouth Korea2027 budgetAI investment

RReutersOriginal★★★☆☆2026-09-01 07:05

South Korea proposes record $597 billion 2027 budget to supercharge AI investment
South Korea proposes record $597 billion 2027 budget to supercharge AI investment

How Saylor’s $2 billion capital loop is quietly rewriting Bitcoin ownership

Michael Saylor argues that institutional custody and securities can broaden Bitcoin access without removing self-custody. At the same time, Strategy reported $2.0065 billion in net MSTR sale proceeds, $5.10 billion in its USD Reserve and holdings of 840,447 BTC. It expanded dollar liquidity and repurchased preferred stock while making no Bitcoin trades that week.

CryptoBitcoinMichael SaylorStrategyinstitutional custody

CCryptoSlateOriginal★★☆☆☆2026-09-01 06:55

How Saylor’s $2 billion capital loop is quietly rewriting Bitcoin ownership
How Saylor’s $2 billion capital loop is quietly rewriting Bitcoin ownership

Citigroup to raise North Asia desk headcount by 25% as Invesco names new Asia-Pacific chief

Citigroup said it will increase staffing across its North Asia and Japan corporate banking desk network by 25% after client activity grew by double digits. Invesco has also announced plans to keep expanding in Asia and appointed a new head for the Asia-Pacific region.

Banking & financeCitigroupInvescoAsia finance

SSouth China Morning PostOriginal★★☆☆☆2026-09-01 06:36

Citigroup to raise North Asia desk headcount by 25% as Invesco names new Asia-Pacific chief
Citigroup to raise North Asia desk headcount by 25% as Invesco names new Asia-Pacific chief

How prices in Tunisia have skyrocketed since the Arab Spring

Al Jazeera compares the prices of everyday food in Tunisia with their levels before the 2010 revolution. The dinar has lost half its dollar value, raising import costs, while unsubsidised food prices surged: tomatoes rose 113 percent, chicken 118 percent, cooking oil 129 percent and carrots 428 percent. Subsidised staples have remained fixed, creating a two-tier food basket.

Energy & commoditiesTunisiacost-of-living crisisfood pricesArab Spring

AAl JazeeraOriginal★★★☆☆2026-09-01 06:34

How prices in Tunisia have skyrocketed since the Arab Spring
How prices in Tunisia have skyrocketed since the Arab Spring

LSE prepares to launch tokenised stocks in digital markets push

The London Stock Exchange is preparing to launch tokenised stocks. Its partnership with Kraken’s owner is the latest indication of the UK’s effort to become a hub for crypto-asset trading.

MarketsCryptoLondon Stock Exchangetokenised stockscrypto assetsdigital markets

FFinancial TimesOriginal★★☆☆☆2026-09-01 06:30

LSE prepares to launch tokenised stocks in digital markets push

Oil prices climb as US-Iran attacks stoke fears of escalation

Oil prices rose after the United States and Iran exchanged fire for the first time in more than a month, raising fears that the Middle East conflict could escalate. Brent crude topped $91 a barrel, while shipping through the Strait of Hormuz remained heavily constrained. A tanker was struck by unidentified projectiles, with no casualties or claim of responsibility reported.

Energy & commoditiesOil pricesUS-Iran conflictStrait of Hormuz

AAl JazeeraOriginal★★★★☆2026-09-01 06:07

Oil prices climb as US-Iran attacks stoke fears of escalation
Oil prices climb as US-Iran attacks stoke fears of escalation

France targets Shein and Temu with fast-fashion fines

France began imposing penalties on the most extreme end of fast fashion on Tuesday, seeking to curb a surge in cheap clothing sales through e-commerce platforms including Shein and Temu.

OtherFranceSheinTemufast fashion

RReutersOriginal★★★☆☆2026-09-01 06:00

France targets Shein and Temu with fast-fashion fines
France targets Shein and Temu with fast-fashion fines

Northeast China’s ‘Magnesium Capital’ goes global through high-end transformation

Dashiqiao in Liaoning, known as China’s “Magnesium Capital,” is shifting from exporting raw materials to producing high-end magnesium products based on independent core technologies. Local firms now export specialized fertilizers, feed additives and premium refractory materials to numerous countries, while smart manufacturing supports more consistent quality.

Companies & industryDashiqiaomagnesium industryindustrial upgrading

CChina News ServiceOriginal★★☆☆☆2026-09-01 05:54

Northeast China’s ‘Magnesium Capital’ goes global through high-end transformation

China’s SOE profits rise 0.6% in January-July

China’s state-owned and state-controlled enterprises recorded combined profits of 2.509 trillion yuan in the first seven months of 2026, up 0.6% year on year, Ministry of Finance data showed. Operating revenue fell 2.4% to 46.447 trillion yuan, while taxes payable rose 5% and the end-July asset-liability ratio reached 65.6%.

Macro & central banksCompanies & industryChina economystate-owned enterprisescorporate profits

CChina News ServiceOriginal★★★☆☆2026-09-01 05:39

China’s SOE profits rise 0.6% in January-July

More Warshology

The piece examines Kevin Warsh’s mysterious monetarism and his relationship with the Treasury.

OtherKevin WarshmonetarismUS Treasury

FFinancial TimesOriginal★★☆☆☆2026-09-01 05:30

More Warshology

China-Europe Railway Express southern route from Chengdu launches regular mixed-load freight service

Mixed-load public-block trains on the Chengdu southern route of the China-Europe Railway Express now run regularly, with three to four departures a month. The service crosses Kazakhstan and the Caspian Sea after leaving China through Khorgos, reaches Georgia, and links with cities including Baku and Izmir.

Macro & central banksTrade & sanctionsChina-Europe Railway ExpressChengdufreight transportTrans-Caspian route

CChina News ServiceOriginal★★☆☆☆2026-09-01 05:22

China-Europe Railway Express southern route from Chengdu launches regular mixed-load freight service

WorldCommodity vessel transits through Strait of Hormuz remain in single digits, data shows

Preliminary ship-tracking data indicates that about five vessels passed through the Strait of Hormuz on Monday, little different from the weekend and well below the roughly 14-vessel 10-day average.

Strait of Hormuzshippingsupply risks

RReutersOriginal★★★★☆2026-09-01 05:15

Commodity vessel transits through Strait of Hormuz remain in single digits, data shows
Commodity vessel transits through Strait of Hormuz remain in single digits, data shows

Iran war transforms LPG supply routes across Asia and Africa

The Iran war has changed how cooking gas reaches millions across Asia and Africa. India has kept LPG flowing by reshaping supply routes and increasing domestic output, but the disruption has carried a cost.

Trade & sanctionsIran warLPGIndiasupply chains

BBloomberg NewsOriginal★★★★☆2026-09-01 05:13

Iran war transforms LPG supply routes across Asia and Africa

Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block

Ark Invest bought $37 million worth of shares in Block. Last month, the investment firm had already purchased a large stake after Block’s second-quarter results prompted it to raise its full-year profit forecast to $12.5 billion.

MarketsArk InvestBlockstock investment

TThe BlockOriginal★★☆☆☆2026-09-01 04:57

Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block
Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block

OPEC+ seven’s September quota rises by 188,000 bpd

The OPEC+ seven will raise their September oil production quota by 188,000 barrels per day from August to 31.01 million bpd. The group is completing the phaseout of its voluntary 1.65 million-bpd cut and will continue monthly market reviews, with the next meeting set for September 6.

Energy & commoditiesCompanies & industryOPEC+oil productionproduction quotas

TTASSOriginal★★★★☆2026-09-01 04:52

OPEC+ seven’s September quota rises by 188,000 bpd

Russian billionaires’ wealth falls by $19.77 bln since start of 2026 — Bloomberg

The combined wealth of Russia’s richest businesspeople has fallen by $19.77 billion since the start of 2026, according to the Bloomberg Billionaires Index. Mikhail Prokhorov posted the biggest decline, losing $6.45 billion to reach $10.1 billion, while Severstal founder Alexey Mordashov recorded the largest gain, adding $1.43 billion to $27.7 billion.

MarketsRussian billionaireswealth changesBloomberg index

TTASSOriginal★★★☆☆2026-09-01 04:45

Russian billionaires’ wealth falls by $19.77 bln since start of 2026 — Bloomberg

Sources: Motiva and Exxon take storm precautions at East Texas refineries

Individuals familiar with the facilities said Monday that Motiva Enterprises and Exxon Mobil were taking precautions at their East Texas refineries as a developing tropical storm moved toward the U.S. Gulf Coast, posing risks from powerful winds and flooding.

Energy & commoditiestropical stormrefineriesGulf Coast

RReutersOriginal★★☆☆☆2026-09-01 04:40

Sources: Motiva and Exxon take storm precautions at East Texas refineries
Sources: Motiva and Exxon take storm precautions at East Texas refineries

European gas price hits highest August level since 2022

Europe’s average gas price rose to $744 per 1,000 cubic meters in August, its highest August level since late 2022, as inventories ahead of winter fell to record lows and the Middle East conflict continued. Futures closed at about $840 at month-end, up 18.5% from July 31. The closure of the Strait of Hormuz intensified competition with Asia for LNG supplies.

Energy & commoditiesEuropean gasenergy pricesgas inventoriesMiddle East conflict

TTASSOriginal★★★★☆2026-09-01 04:37

European gas price hits highest August level since 2022