Surging home prices are driving more young Japanese buyers toward ultra-long-term mortgages, raising questions about whether a 50-year loan can truly make homes affordable.
B
Bloomberg NewsOriginal★★☆☆☆2026-09-04 07:15
Citigroup is expected to receive regulatory approval for its wholly owned Chinese brokerage operation as early as this month, according to two people familiar with the matter. The bank plans to hire several dozen additional employees for the unit over the coming months.
R
ReutersOriginal★★☆☆☆2026-09-04 07:10
Japan’s household spending declined for an eighth consecutive month in July. Government officials attributed the continued decrease in part to consumers maintaining thrifty habits.
N
NHK WORLD-JAPANOriginal★★★☆☆2026-09-04 07:08
In a wide-ranging interview, economist Mohamed El-Erian said the global bond sell-off was likely not over. He also argued that the U.S. Treasury had gone “a step too far” with its market intervention.
C
CNBCOriginal★★☆☆☆2026-09-04 07:01
Igor Sechin, head of Russia’s leading oil producer Rosneft, said on Thursday that China—not OPEC—had stabilized global oil markets by cutting its crude imports by 5.5 million barrels per day this year.
RReutersOriginal★★☆☆☆2026-09-04 07:00
China is expanding channels for outbound investment, with US$6.84 billion in new quotas approved for qualified domestic institutional investors and a higher overseas allocation by the national pension fund. Beyond the mainland, financial markets are facing volatility as US Treasury yields reach 20-month highs.
S
South China Morning PostOriginal★★☆☆☆2026-09-04 07:00
Volkswagen shares rose 7% in early Frankfurt trading after the supervisory board of Europe’s largest automaker reached a major turnaround agreement late Thursday.
RReutersOriginal★★☆☆☆2026-09-04 06:50
Norway’s $2.3 trillion investment fund plans to reduce its U.S. Treasury holdings, saying it can diversify into new areas offering greater risk and returns.
CCNBCOriginal★★★★☆2026-09-04 06:46
The July increase in Germany’s industrial orders outpaced expectations, as sales of ships, railway rolling stock and aircraft drove the gain.
RReutersOriginal★★★☆☆2026-09-04 06:45
Singapore-based education company Genius Group said a US appeals court vacated an injunction that had limited its ability to issue shares, raise funds and buy Bitcoin. It plans to issue $1.2 billion in preferred securities, partly to rebuild an $827 million Bitcoin treasury, while final financing terms remain subject to market conditions and board approval.
C
CryptoSlateOriginal★★☆☆☆2026-09-04 06:30
South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral talks, a Seoul official told reporters on Friday, amid concerns over tariffs.
RReutersOriginal★★★☆☆2026-09-04 06:25
Chinese companies are becoming more prominent in Egypt across smartphones, electric vehicles and household appliances. As China and Egypt mark 70 years of diplomatic ties, the report examines how Made-in-China products have become indispensable in Egyptian households.
C
CGTNOriginal★★☆☆☆2026-09-04 06:12
Chinese brands are increasingly visible in Egypt, spanning smartphones, electric vehicles and home appliances. As China and Egypt mark 70 years of diplomatic ties, the report examines how Made-in-China products have become an indispensable part of everyday life for Egyptian households.
CCGTNOriginal★★☆☆☆2026-09-04 06:12
German carmaker Volkswagen says management and unions have agreed to eliminate another 50,000 jobs by the end of the decade, taking total job losses to 100,000 in the company’s biggest industry shake-up.
EeuronewsOriginal★★★☆☆2026-09-04 06:03
Volkswagen’s supervisory board approved a sweeping overhaul involving 50,000 additional job cuts, fewer models and a smaller industrial footprint. The decision gives CEO Oliver Blume his clearest mandate yet to reshape Europe’s biggest automaker.
Volkswagen’s board has approved another 50,000 job cuts under a broad turnaround plan, taking the group’s planned reductions by 2030 to 100,000. The carmaker blamed falling sales, weaker profits and intensifying competition, particularly from Chinese brands, and said it is reviewing capacity and possible alternative uses at several plants.
Volkswagen Group says it plans to eliminate 50,000 jobs and reduce its vehicle offerings by half. The German automaker is under pressure from intensifying Chinese competition in Europe and tariff costs on shipments to the United States.
Volkswagen said Thursday it will eliminate another 50,000 jobs worldwide in the biggest restructuring in its 89-year history. The German automaker is under pressure from US tariffs, excess capacity and fierce Chinese competition, while the plan outlines the future of four German plants.
Volkswagen says it will eliminate 100,000 jobs by the end of the decade, including 50,000 additional cuts on top of those already agreed. The reductions equal about 15% of its global workforce. The automaker also plans restructuring and major research investment, while warning that the futures of four German plants cannot be guaranteed.
Volkswagen’s supervisory board approved a transformation plan on Thursday that includes cutting another 50,000 jobs as the group seeks to counter painful tariffs, excess capacity and aggressive Chinese rivals.
Volkswagen AG’s supervisory board approved a comprehensive restructuring program called “Future Plan 2030.” The company said the plan is essential to restoring competitiveness and securing the group’s future.
Volkswagen said on Thursday that it is targeting a 9% operating margin by 2030, up from 3.8% in the first half of 2026. The goal is part of a sweeping turnaround plan approved by the group’s supervisory board late Thursday.
Volkswagen has approved plans to eliminate a further 50,000 jobs by 2030, bringing expected cuts to 100,000, or about 15% of its workforce. The German carmaker will halve its model range, while the future of four plants in Germany cannot be guaranteed into the 2030s, amid Chinese competition, weaker China sales and US tariffs.
India’s stronger-than-forecast economic growth is facing scrutiny after a former government official claimed that the reported GDP figure was overstated.
CCNBCOriginal★★★☆☆2026-09-04 05:52
Russia sold 114,300 new passenger cars in August, down 6.5% from a year earlier, according to Autostat. Lada, Haval, Tenet, Geely and Changan were the leading brands. Sales for the first eight months of 2026 reached 845,000, up 9.3% year on year.
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TASSOriginal★★☆☆☆2026-09-04 05:30
A counterintuitive quirk links greater stock ownership with weaker monetary policy.
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Financial TimesOriginal★☆☆☆☆2026-09-04 05:30
Stella Qiu looks ahead to the next day in European and global markets, suggesting that payrolls may not be the data markets are seeking.
RReutersOriginal★★☆☆☆2026-09-04 05:25
Bitcoin’s 90-day correlation with gold has risen to about 0.55, its highest in nearly six years. With Bitcoin volatility at 36.2% and gold at 25.3%, their volatility ratio has narrowed to 1.43 from 5.6 in 2021. Gold plunged amid rising Treasury yields and rate-hike expectations, while Bitcoin held near $77,000 before rebounding above $80,000.
CCryptoSlateOriginal★★☆☆☆2026-09-04 05:10
Bitcoin is outperforming gold even as both hard assets rally together. One bitcoin now buys slightly more than 18 ounces of gold, the highest level since January, driven by fears that governments will inflate away their debt rather than by bond yields.
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CoinDeskOriginal★★☆☆☆2026-09-04 05:10
Germany’s growing openness to a takeover of Commerzbank by UniCredit CEO Andrea Orcel, after years of efforts by Orcel, could encourage other European countries and banks to embrace further consolidation in the banking sector.
RReutersOriginal★★★☆☆2026-09-04 05:10
Russia and China have agreed to continue drafting a contract for Russian gas supplies to China through the Power of Baikal pipeline, Deputy Prime Minister Alexander Novak said. The move is intended to help companies from both countries reach concrete agreements faster, while the route and commercial terms remain under discussion.
TTASSOriginal★★★★☆2026-09-04 05:02
Russia and China are discussing the Power of Baikal gas pipeline project to China, formerly known as Power of Siberia 2, Deputy Prime Minister Alexander Novak said. The two sides are also continuing talks on other promising gas supply routes and preparing to launch the Far Eastern route.
A solar bonds scheme could take on the financial burden of rooftop solar while allowing households to keep the savings on their energy bills.
EeuronewsOriginal★★☆☆☆2026-09-04 05:00
Chinese leveraged traders are continuing to unwind stock bets, putting pressure on the artificial intelligence trade as rising global bond yields and a lingering oil shock fuel uncertainty. The balance of stocks purchased with borrowed money fell to 2.62 trillion yuan on Thursday, 13 per cent below the record 3.01 trillion yuan reached on June 25.
SSouth China Morning PostOriginal★★☆☆☆2026-09-04 05:00
Global bond yields have surged as investors weigh whether rising debt, tariffs, defense spending and energy shocks could keep inflation elevated for longer.
CCNBCOriginal★★★★☆2026-09-04 05:00
Russia and China are developing a joint project to extract and liquefy gas in the Arctic, Deputy Prime Minister Alexander Novak said. He added that the two countries are also developing an ethane-containing gas processing facility on the Baltic Sea.
TTASSOriginal★★★☆☆2026-09-04 04:54
Shein’s Hong Kong IPO has drawn attention to whether the fast-fashion retailer can accelerate growth again as new pressures weigh on its low-cost business model.
CCNBCOriginal★★☆☆☆2026-09-04 04:49
Presidential adviser and Eastern Economic Forum organizing committee executive secretary Anton Kobyakov said 318 agreements worth nearly 7 trillion rubles, or about $81 billion at current exchange rates, were signed during the forum. The total excludes agreements covered by commercial non-disclosure provisions.
TTASSOriginal★★★☆☆2026-09-04 04:34
Health and fitness ring maker Oura Inc. has filed for an initial public offering in the US, reporting sharply higher revenue alongside growing losses.
BBloomberg NewsOriginal★★☆☆☆2026-09-04 04:30
Oura, the company behind the Oura Ring smart wearable, filed paperwork on Thursday for an initial public offering in the United States.
Global cryptocurrency exchanges liquidated positions held by 99,000 traders worth $557.05 million over the past 24 hours, CoinGlass data showed. Bitcoin accounted for the largest share at $278.62 million. Short-position liquidations totaled about $469.46 million, while long positions accounted for $87.6 million. Bitcoin and Ethereum prices were rising.
TTASSOriginal★★☆☆☆2026-09-04 04:28
All major tokens rose on Friday as traders reduced their bets on a September Federal Reserve rate increase to roughly even odds. Most major cryptocurrencies, however, have barely moved over the week.
CCoinDeskOriginal★★☆☆☆2026-09-04 04:22
U.S. payroll growth was likely to recover in August as the earlier drag from local-government education reversed. The rebound could be constrained, however, by job losses tied to the termination of Temporary Protected Status for Haitian immigrants.
RReutersOriginal★★★☆☆2026-09-04 04:20
Russian First Deputy Prime Minister Denis Manturov says domestic companies and equipment manufacturers are carrying out repairs at oil refineries affected by external impacts. He adds that the government is immediately notified whenever refinery processing equipment is shut down for such reasons.
TTASSOriginal★★★☆☆2026-09-04 04:18
U.S. Director of Federal Housing Bill Pulte said Thursday that he directed Fannie Mae and Freddie Mac, created by Congress to support the housing market, to approve VantageScore for use by all lenders.
RReutersOriginal★★★☆☆2026-09-04 04:10
Potential buyers beyond Red Wings and Yakutia Airlines are discussing purchases of Tu-214 aircraft, Deputy Industry and Trade Minister Gennady Abramenkov told TASS. The Russian twin-engine medium-range jet is designed for flights of up to 4,500 km.
TTASSOriginal★★☆☆☆2026-09-04 04:06
The yen strengthened to around a one-month high against the dollar in Tokyo on Friday, supported by expectations that the Bank of Japan may raise interest rates. The currency briefly traded in the 155-yen range.
NNHK WORLD-JAPANOriginal★★☆☆☆2026-09-04 04:01
Japan’s average hourly minimum wage for fiscal 2026 has posted the second-largest increase on record, amid rising commodity prices. All 47 prefectures have raised their minimum wage levels.
NNHK WORLD-JAPANOriginal★★★☆☆2026-09-04 04:01
KPMG warned Guggenheim, the asset manager, last year about weak controls within its business.
FFinancial TimesOriginal★★☆☆☆2026-09-04 04:00
Spain is campaigning for the EU to impose a tax on oil and gas to help cover the costs of responding to climate change, as rising expenses from extreme weather build momentum ahead of a new resilience strategy.
FFinancial TimesOriginal★★★☆☆2026-09-04 04:00
The manager of Norway’s $2tn oil fund has proposed sharply reducing its holdings of US Treasuries. The bond-portfolio overhaul submitted to the Ministry of Finance is intended to increase returns.
FFinancial TimesOriginal★★★☆☆2026-09-04 04:00
A further windfall tax on UK banks would be a terrible idea, as it would hit one of the economy’s key engines of growth.
FFinancial TimesOriginal★★☆☆☆2026-09-04 04:00
US fintech Chime offers a valuable lesson for newly listed companies: reliability is the key to winning in a K-shaped consumer finance market.
FFinancial TimesOriginal★★☆☆☆2026-09-04 04:00
Companies linked to Donald Trump are competing for deals involving Venezuela’s oil as the US takes control of the country’s beleaguered energy sector. Those capitalising include appointees, a donor and a recent administration official.
FFinancial TimesOriginal★★★★☆2026-09-04 04:00
An oil agreement between U.S. President Donald Trump and interim Venezuelan President Delcy Rodriguez is being rejected by Venezuela’s opposition and by some members of Rodriguez’s own party. Venezuelan Canadians with long careers in the oil industry call the deal illegitimate and say it will be repudiated.
Critics describe the multi-billion-dollar US oil agreement in Venezuela as modern-day colonialism. The deal reportedly gives the United States control of 20 percent of Venezuela’s oil reserves for decades without approval from the country’s legislature.
A Nomura report says the artificial intelligence boom has concealed a rising US risk premium, while the concentration of global savings in dollar assets has increased investors’ exposure to a reversal. A setback in the technology rally could sharply correct US assets and weaken the dollar, it warns.
SSouth China Morning PostOriginal★★☆☆☆2026-09-04 04:00
The Office of the Comptroller of the Currency granted a provisional charter to the new full-service bank OpenReserve, adding it to the growing group of crypto-native institutions.
CCoinDeskOriginal★★☆☆☆2026-09-04 03:26
More than 27,000 electric vehicles were sold in Australia in August, accounting for 24.9% of new-car sales and overtaking petrol vehicles for the first time. High fuel prices and a federal emissions standard helped drive the shift; plug-in vehicles together made up 36% of sales.
TThe GuardianOriginal★★★☆☆2026-09-04 03:26
Asian shares climbed on Friday as investors joined a global rally ahead of crucial U.S. jobs data. Federal Reserve official Christopher Waller eased concerns about rate hikes, giving bonds some relief and pushing the dollar lower.
RReutersOriginal★★☆☆☆2026-09-04 03:10
AMC CEO Adam Aron said the company has no connection to Robinhood’s tokenized shares, reviving questions about how stocks are brought onto the blockchain.
CCoinDeskOriginal★★☆☆☆2026-09-04 03:03
Bathla’s administration and the prospect of liquidation have unsettled Asian funds and private credit markets, prompting foreign investors to pull back from Australia.
FFinancial TimesOriginal★★★☆☆2026-09-04 03:02
Brazil’s Senate approved a bill regulating exploration of critical minerals, including rare earths, marking a step toward tapping the country’s extensive reserves.
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The Associated PressOriginal★★★☆☆2026-09-04 03:00
U.S. Energy Secretary Chris Wright said an agreement between Venezuela and GE Vernova is intended to stabilize Venezuela’s troubled power grid within six months to a year, while expanding and improving it over the following years.
RReutersOriginal★★★☆☆2026-09-04 02:20
Russian First Deputy Prime Minister Denis Manturov says relevant ministries are finalizing initiatives to restore damaged oil-refining capacity. He identifies the tight deadlines and the need to resume operations quickly as the main challenges.
TTASSOriginal★★★☆☆2026-09-04 02:11
Russia’s fuel and energy sector is actively working to restore affected refining capacity, First Deputy Prime Minister Denis Manturov said. He added that the government had created a cooperation network linking energy companies, engineering design institutes and equipment manufacturers to repair refinery infrastructure.
Brazilian planemaker Embraer said it has signed an agreement to deliver eight additional E190-E2 regional jets to Japan’s ANA Holdings. The deal expands ANA’s 2025 firm order to 23 aircraft.
RReutersOriginal★★☆☆☆2026-09-04 01:40
Morgan Stanley complained to X about social media posts using the bank’s charts and research, resulting in at least one account being temporarily locked.
BBloomberg NewsOriginal★★☆☆☆2026-09-04 01:39
Washington is so divided over interest rates that it cannot even agree on which direction policy should take.
CCNBCOriginal★★☆☆☆2026-09-04 01:35
The Indian diaspora provides support in dollars. The newsletter also mentions another education technology dropout.
FFinancial TimesOriginal★☆☆☆☆2026-09-04 01:30
Ghana now requires certain exporters to refine gold dore locally before shipping it abroad. The Ghana Gold Board says the measure is intended to capture more economic benefits domestically, create jobs and reduce payments to overseas processors, though companies have warned that the short notice may disrupt existing contracts.
AAl JazeeraOriginal★★★☆☆2026-09-04 01:29
Aliko Dangote, owner of Nigeria’s Dangote refinery, said on Thursday that the initial public offering for Africa’s largest refinery will open within the next 10 to 12 days.
RReutersOriginal★★★☆☆2026-09-04 00:50
Market watchers say investors should be alert to excessive valuations in AI companies and emphasize productivity when putting money into the sector. A shakeout may be approaching in early-stage AI as venture capital becomes more selective about valuations.
CCNBCOriginal★★☆☆☆2026-09-04 00:44
South Korea’s Industry Ministry said on Friday that four U.S. companies have committed a combined $2 billion for investments in the country spanning semiconductors, advanced materials and energy.
RReutersOriginal★★★☆☆2026-09-04 00:30
More than 300 U.S. companies continue operating in Russia despite Washington’s ban or discouragement, and do not plan to leave, according to Anton Kobyakov, a presidential adviser and executive secretary of the Eastern Economic Forum’s organizing committee. He said the Russian government does not obstruct companies that stay, treating them equally with local firms as Russian economic operators.
TTASSOriginal★★★☆☆2026-09-04 00:19
The US trade deficit expanded sharply in July to its widest level since early 2025, driven by a surge in imports of computers and other technology equipment linked to the AI push.
BBloomberg NewsOriginal★★★☆☆2026-09-03 23:34
Anthropic PBC is close to completing an expansion of its revolving credit facility to $15 billion, people familiar with the matter said. The move would remove a hurdle before the artificial intelligence company files for its highly anticipated IPO.
BBloomberg NewsOriginal★★☆☆☆2026-09-03 23:18
Average U.S. diesel prices reached a record high on Thursday as renewed hostilities between the United States and Iran, along with disruptions from Ukrainian attacks on Russian refineries, deepened a global supply crunch. Russia is a major diesel exporter.
RReutersOriginal★★★★☆2026-09-03 23:15
Subscribe to Bloomberg’s weekly newsletter for emerging trends, winners and losers, and market opportunities in the global banking industry, and read the latest edition.
BBloomberg NewsOriginal★☆☆☆☆2026-09-03 23:00
An Asian city will eventually become the world’s leading financial centre, according to Michael Mainelli, creator of a closely watched financial-hub ranking. He said Hong Kong is well placed to challenge New York and London because of its legal predictability and low tax burden, as the gap between the centres narrows.
SSouth China Morning PostOriginal★★★☆☆2026-09-03 23:00
Coinbase has submitted registration documents to the U.S. Securities and Exchange Commission seeking approval to offer equity perpetuals, the crypto exchange’s chief policy officer said in a Thursday social media post.
RReutersOriginal★★☆☆☆2026-09-03 22:00
Coinbase, the largest U.S.-based crypto exchange, is seeking SEC approval to list equity products that would trade around the clock, as perpetual products gain momentum.
Cliffwater LLC’s flagship private credit fund again limited third-quarter redemptions to 5%, after investors sought to withdraw about 16% of its shares.
BBloomberg NewsOriginal★★☆☆☆2026-09-03 22:00
Blackstone Inc. has limited redemptions from its flagship private credit fund for a second straight quarter, offering an early sign of persistent pressure in the $1.8 trillion market.
Blackstone’s $43bn flagship fund said investors submitted notices in the third quarter seeking to withdraw an amount equal to 10% of the vehicle’s value.
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