Bitwise’s BWOW dogecoin ETF is set to close after 10 months. The move adds to weak demand across DOGE funds and raises a tougher question for altcoin ETFs: what problem are they actually solving?
Federal Reserve Chair Kevin Warsh avoids signaling the likely direction of U.S. interest rates, but high inflation, oil at $100 a barrel and his own insistence on price stability appear to leave little doubt that a rate hike is next.
The Financial Conduct Authority is working with the Treasury on a tailored regulatory framework that could exempt digital gold from traditional fund laws, in an effort to protect London’s market position.
In Humble, Texas, outside Houston, workers are preparing a yard for used and auctioned U.S. oilfield equipment bound for Venezuela, where it is hoped the machinery will support a revival of the oil industry.
Saudi equities suffered another setback on Monday after the previous trading session’s steep losses. Investor confidence took a hit as attacks affecting the kingdom’s energy facilities and maritime routes intensified; several other major Gulf bourses, by contrast, recorded modest gains.
Saudi stocksenergy infrastructureshipping routesGulf markets
The ban on Russian petroleum product exports remains in force and is primarily intended to ensure sufficient domestic supply, Kremlin spokesman Dmitry Peskov said. He said instability and renewed escalation in the Persian Gulf are rapidly worsening global oil markets. Russia’s temporary ban on gasoline, diesel and other fuel exports runs until January 31, 2027.
Russian Presidential Spokesman Dmitry Peskov said the removal of Russian petroleum products from international exports is affecting global markets. He said oil-market conditions are rapidly worsening amid Persian Gulf instability and a large volume of oil leaving supplies, while Russia’s export ban is intended to secure domestic supplies.
Leveraged funds increased their combined net short position across four regulated Bitcoin futures markets by 1,668 BTC in the week through Sept. 8, reaching 39,876 BTC. The positions may reflect outright bets, basis hedges or both, so the data does not prove traders were making an unhedged wager on a post-Fed Bitcoin decline.
Chevron is seeking to expand its global gas portfolio from Argentina to the Mediterranean to meet rising demand from buyers worried about energy security amid the Middle East crisis, said Global Gas President Freeman Shaheen.
Bitcoin is managing a modest rise while stocks decline amid concern over artificial intelligence and oil prices surge. The Federal Reserve’s two-day policy meeting starts tomorrow, with nearly everyone expecting the U.S. central bank to raise its benchmark policy rate by 25 basis points.
The EU says the number of low-value parcels entering the region has fallen by half after it introduced a €3 flat fee. The measure forms part of a broader effort to curb the growing dominance of Chinese e-commerce platforms.
Stock futures fell sharply Monday morning, led by technology shares, after prominent artificial intelligence CEOs urged the industry to slow the pace of developing the revolutionary technology.
Leading AI developers have warned that development should be slowed as the industry faces mounting demands to prioritise safety over profits. Their remarks weighed heavily on technology shares on Monday, including SoftBank.
European Central Bank policymakers said on Monday that euro zone inflation could exceed already elevated forecasts. They warned that recent energy-price developments are concerning, particularly the sharp rise in natural gas costs.
The U.S. national average for gasoline has reached $4.32 a gallon, while diesel has climbed to a record $6.23. The Federal Reserve is scheduled to meet Wednesday and is expected to raise interest rates for the first time since 2023.
Nigerian billionaire Aliko Dangote launched an initial public offering for his oil refinery on Monday, calling it Africa’s largest share sale to date. The IPO opens ownership of the plant to retail investors and raises funds for expansion.
Nigeria’s Dangote Group plans to sell 4.1 billion shares in its oil refinery, seeking to raise 2.15 trillion naira ($1.6 billion). The offering is expected to become Africa’s largest initial public offering to date.
Nigeria’s Dangote Group is offering the public a 3.3% stake in its 700,000-barrel-per-day oil refinery, in a transaction expected to be the largest of its kind in Africa.
Aliko Dangote, long Africa’s richest man, is poised for a $23 billion rise up the global wealth rankings as he launches an IPO for his refinery, in what would be the continent’s largest offering yet.
Brent crude has climbed to $107.82 a barrel despite President Donald Trump’s claim that the United States is helping reopen the Strait of Hormuz and escorting oil shipments. Attacks on shipping, damage to Saudi Arabia’s East-West pipeline and Houthi strikes have heightened supply fears, while tracking data shows traffic remains far below normal.
Oil prices continued to rise amid fears over Middle East supplies, while technology stocks led market losses. A file satellite image shows Saudi Arabia’s East-West pipeline after it was struck on September 11, 2026.
Oil prices jumped Monday after Saudi Arabia closed a critical pipeline and talks over the future of the Strait of Hormuz were postponed, pushing diesel prices to a new all-time high.
The shutdown of a Saudi oil pipeline threatens exports to Europe and Asia. Gulf oil shipments have already dropped sharply, while shipping routes face further risks; with no restart date, the effect on deliveries will depend on how long the disruption continues.
Saudi Arabia temporarily shut the roughly 750-mile pipeline after attacks threatened the key route that bypasses the Strait of Hormuz. Satellite imagery shows the extent of the damage.
Oil prices climbed above $107 a barrel after drone attacks forced Saudi Arabia to close its East-West crude pipeline. Yemen’s Iran-aligned Houthi forces also attacked Saudi infrastructure and captured Perim island in the Bab al-Mandab strait, intensifying concerns about disruption to energy and shipping routes.
Brent crude rose above $107 a barrel on Monday morning after an attack on a merchant vessel in the Strait of Hormuz killed one crew member. Saudi Arabia also shut its main pipeline bypassing the waterway, reviving fears that Middle East supply routes are closing.
Oil prices rose after Saudi Arabia shut down a critical pipeline that bypasses the Strait of Hormuz. Saudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.
Elmet Group said one of its units was awarded a contract worth about $2 billion by the U.S. Defense Logistics Agency to help rebuild the National Defense Stockpile and strengthen the country's tungsten supply chain.
Hang Lung Properties CEO Weber Lo Wai-pak says Hong Kong shopping centres are seeing a brighter outlook. The company’s malls grew in July, and a pipeline of new store openings could make the fourth quarter even stronger, while fresh shops and events may help offset locals’ preference for cross-border shopping.
UBS forecasts China’s inbound tourism revenue will reach US$470 billion by 2040, more than doubling its current economic share and helping offset weak domestic demand. The Swiss bank estimates travel from outside mainland China will grow at an 8.9% compound annual rate from 2025 to reach 1.5% of GDP.
Battery technology company KULR Technology Group sold its remaining 764 Bitcoin for about $58.6 million between Aug. 20 and Sept. 11, according to a regulatory filing. The sales reduced its holdings to zero as the company redirected capital toward its core energy business after repaying debt and ending its mining operation.
The average US diesel price has reached a new record of $6.23 per gallon, up 68.3% since the start of the year. California has the highest price at $8.15, while Wyoming and Texas have the lowest at $5.83.
China’s foreign exchange regulator has told banks to encourage more corporate clients to hedge currency risks, according to people familiar with the matter, intensifying efforts to protect exporters from the yuan’s steady appreciation.
China’s new bank loans returned to positive growth in August after a record contraction in July, but fell well short of analysts’ forecasts. Continued weak demand from households and companies weighed on credit growth.
A Senate vote scheduled for Tuesday by Majority Leader John Thune, R-S.D., is being framed as a decisive moment for the Clarity Act crypto bill, with the cryptocurrency industry pressing for its passage.
Bernstein analysts said progress on the CLARITY Act could exceed market expectations, arguing that any positive surprise is not yet priced in. They said crypto markets currently have a bearish bias ahead of Tuesday’s cloture vote and Wednesday’s Federal Reserve decision.
Polymarket traders raised the chance that the CLARITY Act becomes law in 2026 above 32% after Senate Republicans released a 635-page compromise draft. The bill includes ethics restrictions for officials with major crypto interests, a stablecoin circuit breaker and narrowed developer protections. Senators are due to hold a 60-vote cloture test on Tuesday.
Kraken will disable withdrawals for seven crypto assets held by UAE customers at 14:00 UTC on Sept. 14. Remaining balances are scheduled for liquidation from Sept. 15 to 25, but the exchange has not guaranteed which currency customers will receive. The affected assets are Monero, Zcash, Dash, USDD, Dai, USDS and Ethena USD.
Bitcoin gained 1.9% since midnight UTC to reach $78,000, while Nasdaq 100 futures dropped 1.65% amid calls to slow AI development. Crude oil rose nearly 4% after a Saudi pipeline closure.
Kirill Dmitriev, Russia’s presidential special representative for investment and foreign economic cooperation and head of the Russian Direct Investment Fund, said Europe’s rising gas prices were a natural consequence of what he called Eurocrats’ failed energy policies. He said prices would keep climbing. European gas prices topped $1,000 per 1,000 cubic meters on Monday for the first time since December 2022, with October futures at the Dutch TTF hub reaching about $1,004, or €84.07 per MWh.
Hong Kong’s younger tycoons are becoming more active in the city’s IPO market through family offices and private investments. Unlike their predecessors, whose interests centred on property and traditional finance, they are also moving into technology and digital finance. Cheng Chi-heng of New World Development and Peter Lee Ka-kit of Henderson Land joined Forms Syntron’s Shenzhen offering as cornerstone investors.
MarketsHong Kong IPOForms Syntronfamily officesdigital finance
SSouth China Morning PostOriginal★★☆☆☆2026-09-14 09:51
Forms Syntron draws Hong Kong’s next-generation tycoons in HK$940 million IPO
Maersk said four additional joint container services with Germany’s Hapag-Lloyd will resume using the Suez Canal, as the companies gradually return to the shorter route between Asia and Europe.
US spot Bitcoin ETFs recorded $462.7 million in weekly outflows, ending three weeks of heavy demand. With hotter inflation, rising Treasury yields and a Federal Reserve meeting ahead, sustained redemptions could weaken the buying pressure supporting Bitcoin and make $75,000 harder to defend. Evidence remains insufficient that ETF investors have abandoned the rally.
Walking away from trade talks with US President Donald Trump was politically popular for Canada’s leader Mark Carney. He now faces a more difficult economic reality as the consequences emerge.
A look ahead to the week beginning Sept. 14, when the Federal Reserve, Bank of England and Bank of Japan are due to make interest-rate decisions watched by crypto markets.
TD Cowen raised its price target for Smarter Web after the company proposed a MORE preferred IPO, pointing to expanded funding options and greater capital efficiency. The bank sees 90% potential upside for the bitcoin treasury firm.
Essar Group said Monday that its purchase of British petrol-station operator SGN Retail brings 118 sites into the network. The company is seeking to grow its fuel-retail network to 800 outlets by 2031.
A South Korean petition calling for a delay to the planned digital asset gains tax has reached the 50,000-signature threshold, prompting investors to seek a fourth postponement while regulators maintain their position.
Russia’s approved creative-industry development strategy targets an increase in the sector’s GDP contribution from 4.2% in 2025 to 7.7% by 2036. The government also aims to raise the number of companies and individual entrepreneurs in the sector by 22% from 2025. More than 4 million people currently work in it.
Hong Kong’s stock market is under renewed pressure to accelerate its review of longer trading hours after South Korea’s main exchange added four hours to its session. The Korea Exchange introduced real-time after-market trading from 4pm to 8pm and indicated it aims to move toward nearly 24-hour trading.
MarketsHong Kong stockstrading hoursKorea Exchange
SSouth China Morning PostOriginal★★☆☆☆2026-09-14 08:08
Hong Kong faces pressure to speed up trading-hours review after South Korea move
Chevron is weighing investment in European LNG import capacity, but the head of its gas business says the company needs more clarity on the EU’s methane rules before making a long-term commitment.
Some companies moved production and sourcing out of China a year ago to avoid higher U.S. tariffs. They are now finding that China’s factory ecosystem is difficult to replicate and are bringing manufacturing back.
Trade data compiled by the Canada-China Business Council and the University of Alberta’s China Institute shows Canadian exports to China increased 30.1% to $21.74 billion in the first half of 2026. Imports from China fell 5.8% to $44.86 billion.
Australia’s FleetPartners said on Monday that it had received revised offers from SG Fleet, Japan’s ORIX and a consortium led by Sumitomo Corp. The proposals value the vehicle leasing company at up to A$982.1 million ($702.2 million).
Iran is redirecting trade toward northern ports, railways and overland corridors as a US-led maritime blockade disrupts its southern shipping. Analysts say the routes could handle some grain, medicine and industrial goods, but limited capacity, infrastructure bottlenecks and much higher costs prevent them from replacing maritime trade.
Goldman Sachs and JPMorgan now anticipate a Federal Reserve rate increase this week, after several hotter-than-expected inflation reports undermined hopes that price pressures would keep easing without more policy tightening.
A Bank of Japan official said in conference notes released Monday that Japan had experienced inflation spikes driven by higher import costs and currency shocks, indicating that such price reactions should be considered in monetary policy decisions.
European gas prices exceeded $1,000 per 1,000 cubic meters during Monday trading for the first time since December 2022, according to data from London’s ICE exchange. October futures at the Netherlands’ TTF hub climbed to about $1,004, or 84.07 euros per MWh, while spot prices at major European hubs had already passed $1,000 last week.
U.S. diesel prices have exceeded $6 a gallon for the first time, as the wars in Ukraine and Iran fuel broader concerns about energy supplies. Trump urged Ukraine to stop “knocking out” Russian oil refineries.
Ethiopia once spent about $6 billion in foreign exchange each year on imported oil. Cooperation with Chinese companies on electric buses, heavy-duty trucks, oil-to-gas projects and technical training is helping the country use its hydropower resources and pursue greener industrial growth. The article argues that BRICS is becoming increasingly relevant to the Global South through expanding economic, infrastructure, digital and financial cooperation.
Ethiopia once spent about $6 billion a year in foreign exchange on imported oil. Cooperation with Chinese companies, including electric buses, heavy trucks, oil-to-gas projects and technical training, is helping it use hydropower and pursue greener industrial growth. The article says BRICS is giving the Global South more concrete tools for cooperation, financing and a larger role in global governance.
ECB policymaker Martins Kazaks told Reuters that the central bank may need to gradually raise interest rates further to contain inflation before higher fuel costs driven by the Iran war begin feeding into wages and other prices.
Chubu Electric Power has suspended plans to restart a nuclear plant in central Japan after an independent committee found the company acted improperly when submitting earthquake-safety data.
Cosco Shipping Heavy Industry, the shipbuilding and maintenance arm of state-owned China Cosco Shipping, has completed IPO guidance registration, clearing a step toward a domestic listing as it seeks to benefit from a global shipbuilding boom. The unit specialises in cargo and container vessels.
Latvia’s AirBaltic said on Monday that it had sought protection under Chapter 11 of the U.S. Bankruptcy Code in New York, as part of a financial restructuring intended to reduce its debt.
Canadian Prime Minister Mark Carney is courting some of the world’s biggest investors as he seeks to reduce Canada’s economic dependence on the United States amid an escalating trade war with President Donald Trump.
The 8th Asian Captive Conference in Kuala Lumpur brought together more than 300 risk and industry professionals to examine how captive insurance can help businesses refine risk-management strategies in an uncertain, multifaceted operating environment. The event was co-organised by Labuan IBFC Incorporated.
Anthropic, OpenAI and xAI jointly urged a slowdown in AI development, while President Donald Trump emphasized the need to maintain the lead over China.
Fresh warnings from the artificial-intelligence industry have renewed debate over whether advanced AI models could slip beyond human control and pose a threat to humanity.
AI-linked stocks fell sharply in early Asian trading on Monday after CEOs of companies developing the most advanced AI models warned that development must slow to prevent threats to humanity.
Anthropic PBC and OpenAI will have to weigh calls to slow artificial-intelligence development against likely resistance to any substantial pause from the tech industry, financial markets and the Trump administration.
US President Donald Trump played down AI risks, saying he wants to preserve the US lead over China and does not see a need for broad checks on development. He acknowledged that some regulation may be needed but offered no details. His remarks followed calls by Anthropic CEO Dario Amodei, backed by OpenAI’s Sam Altman and Elon Musk, to slow capability advances so safeguards can catch up.
Sam Altman and Dario Amodei are publicly urging companies to slow the development of new AI systems, adding to a week of warnings from researchers about the technology.
artificial intelligencetechnology safetyAI development
Bloomberg News Now highlights calls from AI executives to curb the industry’s growth, alongside Donald Trump’s comments on strikes against Russian diesel supplies.
AIindustry regulationDonald TrumpRussia-Ukraine war
President Donald Trump played down growing alarm about artificial-intelligence risks after some industry leaders urged a slower pace of technological development.
Donald Trump has dismissed warnings about artificial intelligence, saying “negative forces” are raising fears about events that will not happen. The comments follow dire predictions from a former Anthropic researcher and calls by industry leaders to slow development. Trump said the US is ahead of China in AI and wants to keep that lead, while critics argue any slowdown should be coordinated internationally.
Andy Miah, Chair in Science Communication and Future Media at the University of Salford, said AI presents real challenges that require closer coordination between companies and governments, but poses no existential threat to humanity. He added that clearer data and concrete figures would help the public understand the risks.
AI leaders warn that the technology is advancing faster than the ability to control it, while Donald Trump has called some concerns exaggerated. AI philosophy professor Raphaël Millière says a real-world security incident this summer shows the risks are no longer hypothetical, but not that AI will kill everyone. He says companies and governments should coordinate to manage the growing safety risks.
AI is helping with writing, education, information gathering and programming, with supporters pointing to productivity gains and new types of work. But experts warn that rapid development could bring job losses, misinformation, heavy infrastructure demands and particular difficulties for early-career workers. Anthropic CEO Dario Amodei has urged companies to slow the pace of improving AI model capabilities.
Stock traders in mainland China and Hong Kong are watching the upcoming meeting between Chinese President Xi Jinping and US President Donald Trump. The outcome could stir markets, whether it produces a friendly handshake or a tense test of wills, but investors currently expect so little substantive progress that they are not treating the event as a major stock-market catalyst.
The 2026 China International Fair for Trade in Services closed in Beijing after attracting exhibitors from more than 90 countries, regions and international organizations and generating over 1,200 outcomes in seven categories. The fair also produced product launches, major projects and cooperation deals, including six signed by Norway, the guest country of honor.
Shein’s Hong Kong-listed shares dropped as much as 10% after Australia and New Zealand urgently recalled a contact-lens product over contamination concerns.
Mondelez is expanding its chocolate manufacturing operations in Malaysia and sees additional room for growth across Southeast Asia. The move cut two months from the supply-chain lead time for a key ingredient used in a chocolate bar.
The UK Financial Conduct Authority is considering a bespoke regime for tokenised gold as it seeks to unlock more of London’s bullion reserves for use as collateral in transactions.
With blockages in the Strait of Hormuz continuing ahead of winter, the market is increasingly concerned that the outage could be prolonged, raising the prospect of further natural gas price increases.
The surge in oil prices has revived expectations that the Bank of England could raise interest rates this year. Investors expect the central bank to hold borrowing costs this week while signalling a possible increase later in the year.
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