LVMH poised to lose France’s most valuable-company crown as luxury slumps
LVMH is set to lose its position as France’s most valuable company and fall out of Europe’s top 10 listed firms as the luxury market weakens.
LVMH is set to lose its position as France’s most valuable company and fall out of Europe’s top 10 listed firms as the luxury market weakens.
The Canadian Real Estate Association says home sales fell 6.9% year over year in August, as economic headwinds threaten momentum in the housing market.
Hungary’s purchases of Russian pipeline gas fell 12% in value terms in January-July 2026, but it remained the EU’s biggest buyer, according to Eurostat data and TASS calculations. The EU paid €3.4 billion for Russian pipeline gas during the period, while TurkStream remained the only active supply route to Europe.
EU purchases of Russian pipeline gas and liquefied natural gas totaled 8.6 billion euros in January-July 2026, down 2.6%, according to Eurostat data and TASS calculations. In July, EU countries paid 607 million euros for Russian LNG, led by France, Belgium and Spain.
Russia’s share of the European Union’s total gas import value fell from second place in June to fourth in July, at 14.1%, according to Eurostat data and TASS calculations. The EU bought €1.1 billion of Russian gas that month. Norway ranked first, followed by the United States and Algeria. From January to July, Russia accounted for 17% of EU gas imports, while purchases fell 2.6% to €8.6 billion.
Standard Chartered expects tokenization to make Arbitrum a preferred network for traditional finance and projects ARB could rise 70-fold to $10, citing Robinhood Chain revenue. ARB holders currently have no direct claim on network fees.

US debt has surpassed $40 trillion as investors grow more wary of the country’s borrowing trajectory. Norway’s sovereign wealth fund reportedly plans to cut its US bond holdings by about $80 billion, while the 30-year Treasury yield has approached 5.4%. Economists say investors still have no immediate alternative to US markets, but financing and interest costs are mounting.

Russia accounted for 18.6% of the value of the EU’s LNG supplies in July, ranking behind the United States, according to TASS calculations based on Eurostat data. EU purchases from Russia were worth about €607 million, down 12% year on year, while US supplies totaled €1.8 billion. Russia supplied €5.15 billion worth of LNG to Europe from January through July.
About 75% of XRP’s realized capitalization is held in coins last moved six months to two years ago, whose average realized prices exceed $2. With XRP trading in the mid-$1.40s, a Senate procedural vote on advancing the Digital Asset Market CLARITY Act is the next potential policy catalyst.

Hong Kong and mainland Chinese securities regulators are intensifying efforts to improve the quality of Hong Kong IPOs, analysts say. The tougher review may slow the pace of new listings without reducing underlying demand. In an unusual step, the China Securities Regulatory Commission asked nine pre-approved mainland companies for more details on fund use, ownership structures and pending matters.

Researcher Anastasia Litvina says Finland’s tourism sector loses more than €330 million a year because Russian travelers are absent, while cross-border businesses in eastern provinces lose about €1 million daily. She says disrupted cooperation has fueled bankruptcies and pushed Finland toward longer, costlier trade and transport links through Sweden and Norway.
The Democratic Republic of Congo has approved a task force to accelerate implementation of its strategic minerals partnership with the United States, according to cabinet minutes seen by Reuters. Kinshasa is seeking more Western investment in its copper and cobalt sectors.
Morgan Stanley has joined other major Wall Street banks in taking a more hawkish view of interest rates. It expects the Federal Reserve to raise rates twice and the European Central Bank to make another increase later this year as inflationary pressures persist.
Santoli says the AI narrative has shifted toward the technology’s risks. With AI unpopular with the public and forecasts of order backlogs extending beyond a few quarters now viewed skeptically, investors face a changed outlook for the sector.

The Canadian Labour Congress says Mark Carney’s plan to bring private investment into airports would put pressure on workers and increase costs for passengers.
Minutes released by the Bank of Korea on Tuesday showed that its decision to raise rates in consecutive meetings in August was more contentious than the headline vote indicated. The divisions could slow the pace of future tightening.
The Bank of Russia bought 1.9 billion rubles ($22.53 million) worth of yuan on the domestic market, with settlement on September 14, 2026. Purchases settled on September 11 were the same size. The central bank conducts the transactions through the Moscow Exchange’s yuan-ruble instrument.
European gas prices are likely to stay high for at least several months and could rise well above $1,000 per 1,000 cubic meters, experts told TASS. The TTF October contract reached about $1,004 on September 14, while storage stood at 68%, its lowest seasonal level since records began in 2011. One expert said low inventories and the EU’s rejection of Russian gas were worsening the situation, making increased Russian purchases the only realistic solution.
Global thermal coal consumption is expected to fall over the next two years as a market surplus emerges, NEFT Research consulting partner Alexander Kotov told TASS. He said prices surged in 2026 amid Middle East-related transport costs and supply disruptions, but the factors supporting them are fading. European demand will keep declining as renewable capacity expands.
Russian Presidential Administration Deputy Chief of Staff Maxim Oreshkin said Russia’s foreign trade has stayed near its previous level of about $700 billion despite efforts to exclude the country from global trade and damage its economic development. He said sanctions and the withdrawal of international banks had not reduced the overall volume.
Poland’s integrated oil company Orlen is urgently seeking crude cargoes from the North Sea and farther afield to replace Saudi imports that have been disrupted, five industry sources told Reuters.
Rep. Shri Thanedar argues that Congress needs 60 senators willing to put innovation first and pass the Clarity Act to provide critical relief to the digital asset industry.

Russia accounted for 30.8% of Kazakhstan’s imports in the first seven months, maintaining its position as the country’s largest supplier, according to national statistics. China followed with 29.4%. Kazakhstan’s foreign trade turnover reached an estimated $87.7 billion, up 10.7% year on year.
A House committee has released a broad cryptocurrency tax bill ahead of a Wednesday markup. The proposal includes a $10 exception for certain fees paid in crypto and provisions covering stablecoins, mining and staking.

Standard Chartered projects that Arbitrum could reach $10 by 2030, roughly 70 times higher, as tokenization expands and traditional finance firms shift activity onchain.

BPRE is facing an exceptionally large and growing discount to net asset value, with private-market marks contrasted with public-market pricing.
The 10-year US Treasury yield rose to 5.02 percent, its highest level since the 2007 global financial crisis, as traders bet on a Federal Reserve rate hike after oil prices climbed again. Benchmark yields in Germany and Japan also reached multi-year highs amid inflation and debt concerns.

Sovereign yields climbed further on Tuesday, led by the 10-year U.S. Treasury yield, which reached a nearly two-decade high. Signs of mounting discomfort among borrowers and global investors also deepened.
The benchmark 10-year US Treasury yield briefly reached 5.011% on Monday, its highest level since October 2023, before moving lower as the global bond sell-off intensified.
The 10-year US Treasury yield climbed to its highest level in nearly two decades, marking the latest stage of a painful global bond selloff fueled by surging energy prices, rising debt and inflation.

The benchmark yield for 10-year U.S. government debt reached a peak Tuesday that had not been seen since 2007. The Treasury selloff worsened with the Federal Reserve’s rate decision looming.
The US 10-year Treasury yield moved above 5% on Monday for the first time since 2023. Rising anxiety over inflation coincided with growing borrowing needs from the government and corporations.
Russia’s stock market moved into positive territory during the main trading session on the Moscow Exchange. At 1:21 p.m. Moscow time, the MOEX and RTS indices stood at 2,370.71 and 885.53 points, each up 0.41%.
Russia’s MOEX Index fell 0.67% to 2,345.04 points at the start of Tuesday’s main trading session. By 9:20 a.m. Moscow time, it was down 0.69% at 2,344.8 points, while the RTS also declined 0.69% to 875.85 points. The yuan rose to 12.61 rubles.
The ECB’s continent-wide ballot on how forthcoming euro notes should look remains open until 21 September.
Bitcoin’s August recovery lifted mining revenue, but the network is projected to raise difficulty by about 4.6976% around Sept. 19. With fees and other inputs unchanged, BTC would need to reach roughly $82,900 to offset the effect on dollar hashprice. The eventual squeeze depends on the final adjustment.

Ether, Solana and XRP are likely to benefit if the Clarity Act moves forward, according to a Sept. 15 day-ahead outlook.


Banks could be among the biggest beneficiaries of clearer regulation, argues Alex Tapscott, CEO of CMCC Global Capital Markets.

Bitcoin dropped 1.7% since midnight UTC to $76,862, reversing a late-Monday rally. Polymarket odds that the Clarity Act will become law this year fell by half overnight.
A CNBC survey finds respondents expect the Federal Reserve to raise rates at least twice over the next year. Higher oil prices are cited as a main reason for the shift, but about three-quarters say inflation extends beyond energy costs.

Singapore-headquartered wealth manager Wrise Prestige is increasing its investment in artificial intelligence as it expands across mainland China. The firm plans to open an AI laboratory in Guangzhou next month after making a HK$30 million internal investment in AI-related development.

China’s 134.2-kilometer Pinglu Canal in Guangxi is scheduled to open on September 16, linking the Xijiang River shipping network with the Beibu Gulf. It is expected to shorten routes from southwestern China to Southeast Asia by more than 560 kilometers, lower logistics costs and strengthen the New International Land-Sea Trade Corridor and regional supply chains.

The morning roundup examines what slowing the advance of artificial intelligence could mean for the U.S. economy and reports that the Supreme Court blocked Donald Trump from restricting mail-in voting.

Anthropic’s Dario Amodei warns that AI could wipe out humanity, while Nvidia’s Jensen Huang dismisses the idea as nonsense. The report profiles the main figures shaping the world’s fiercest technology debate.
Energy executives in Venezuela are scrambling to grasp the implications of an unusually structured agreement with the United States, questioning whether the deal is fundamentally flawed or too important to be allowed to fail.
White-shoe law firm Sullivan & Cromwell has hired a team of Kirkland partners as it seeks to expand its private-equity practice. The firm had largely steered clear of buyout groups even as the industry boom drove rapid growth at rival firms.
London-based payments infrastructure firm Velocity has expanded its Series A funding to $48 million and reached a $200 million valuation with backing from Visa, Circle and Ripple, CEO Eric Queathem said.

Greece now borrows at a lower cost than France despite carrying more debt. Athens rebuilt market trust, while Paris lost fiscal credibility.
Fertiliser exporters outside the Gulf are taking a larger share of the urea market as supplies moving through the Strait of Hormuz collapse, easing fears of a food crisis linked to the disruption.
A container train carrying footwear, home appliances and daily necessities has left Mudanjiang in Heilongjiang for Moscow, officially opening the freight rail service. The train crosses China through the Suifenhe border port, creating a direct logistics route expected to cut costs, stabilize supply chains and support several industries.
European auto workers are facing bleak conditions as job-cut announcements pile up. Volkswagen AG is cutting 100,000 employees, while Jaguar Land Rover Automotive Plc is eliminating about 10% of its workforce. Suppliers are also struggling.
Glassnode says altcoin market capitalization rose 21% in a month, yet its share of the combined Bitcoin-and-altcoin market fell 0.9 percentage points over 90 days. Capital lifted the crypto market broadly, but Bitcoin captured most of the gains. This week’s Federal Reserve decision and a Senate vote on the CLARITY Act could test whether altcoins can catch up.

Construction has begun in Qingdao, Shandong, on the $4 billion Qatar BH EPIC project for the Bul Hanine oilfield. COOEC calls it the largest international offshore oil and gas contract by value undertaken by a Chinese company. The project covers more than 60 offshore facilities, 40 subsea pipelines and cables, and platform modifications and removals.
Stack BTC, backed by Nigel Farage, is considering a $16 million acquisition of a gold dealer. The proposed deal would use cash flow from precious-metals sales to expand the company’s bitcoin holdings.

Stocks sold off on Tuesday after the yield on the 10-year Treasury rose above 5%, highlighting the market significance of the key threshold.

The World Trade Organization urged members on Tuesday to overhaul global trade rules, warning that failure to act could fragment the system, significantly cut economic output and hit poorer countries hardest.
ANZ Group Holdings CEO Nuno Matos warned that the risks associated with artificial intelligence are unpredictable and declined to rule out large-scale job cuts as the bank adopts the rapidly evolving technology.
Takis Georgakopoulos became Fiserv’s chief executive as the company faced major cultural and structural challenges, putting him in charge of a particularly difficult turnaround.
Despite growing speculation that Chinese vehicles may soon be sold in the U.S., John Murphy does not expect Chinese automakers to enter the market by 2030. The forecast also points to a larger role for hybrids.

Analysts warn that oil prices could surge sharply if the pipeline stays offline longer than the estimated five-to-seven-day inventory cushion.

The war with Iran has pushed the world into an energy crisis. The closure of a Saudi oil pipeline after an attack could worsen the crisis and affect the movement of oil.
The war with Iran has plunged the world into an energy crisis. The crisis could worsen after an attack led to the closure of a Saudi Arabian oil pipeline, potentially disrupting the movement of oil.
The American Reserve Modernization Act will receive its first House committee vote on Sept. 16. It would establish the federal Bitcoin reserve in law, but has 23 cosponsors—22 Republicans and only one Democrat, who is not on the committee—raising doubts about whether bipartisan support for crypto-market rules extends to a government Bitcoin reserve.

Saudi Arabia’s annual inflation rate stayed at 1.8% in August, marking the fourth straight month at that level, according to government data released on Tuesday.
Most Gulf stock markets declined in early Tuesday trading after a fresh Houthi assault on Saudi Arabia and a sharp fall in shipping through the Strait of Hormuz raised fears that the regional conflict could spread further.
Cathie Wood-led Ark Invest sold $14 million worth of Circle shares and reduced its Coinbase holdings as cryptocurrency stocks rallied. The investment firm routinely adds to and trims its crypto stock positions throughout the year.

Hong Kong-based crypto exchange CoinEx will shut down after nine years in business. Founder and CEO Haipo Yang said rising security and compliance risks led him to reject a sale and choose what he called a “clean ending.”

Analysts said a proposed overhaul by India’s market regulator of derivatives expiry-day settlement could reduce volatility and remove a major overhang from the options market. The changes could also ease concerns that have weighed on trading since the closing auction session was introduced.
Weather traders around the world are moving quickly to wager that an unusually powerful El Niño will bring a mild winter to the Northern Hemisphere.
The 23rd China-ASEAN Expo is scheduled for September 17 to 21 in Nanning, the capital of China's Guangxi Zhuang Autonomous Region. CGTN invites readers to take part in a survey and share their views.

China’s retail sales rose just 0.4% in August, their slowest growth since the recovery began and the second monthly slowdown in a row. The figures highlight Beijing’s limited progress in reviving consumer spending even as factory output accelerates.
Swedish automaker Volvo Cars said it has introduced hybrid variants of its XC60 and XC90 models with longer electric ranges for buyers in Europe and the United States.
For the 2026 US reporting year, moving Bitcoin from an exchange to a personally owned wallet and back can leave the asset noncovered for mandatory cost-basis reporting when sold. Brokers may still report proceeds, but basis reporting can be voluntary. The transfer itself is generally nontaxable, while investors must retain records to calculate gains.

China’s central bank strengthened the yuan’s reference rate for a fifth consecutive day, seeking to offset recent dollar gains ahead of President Xi Jinping’s summit with US President Donald Trump later this month.
Gold prices edged lower on Tuesday as rising crude oil prices intensified inflation concerns and strengthened expectations for U.S. interest-rate hikes ahead of a Federal Reserve policy meeting.
Russia’s Chamber of Commerce and Industry says the number of new sellers joining online marketplaces fell 27% year-on-year from June through August, while MoySklad recorded a 53% drop. Experts mainly blamed market saturation, tougher competition, higher costs, and weaker consumer demand; warehouse drone attacks also affected about 400,000 sellers.
HDFC Bank, India's largest private lender, climbed as much as 3.2% on Tuesday, its biggest percentage gain in more than four months. The move followed the bank's advancement of its CEO succession process and submission of two names to the central bank.
Chinese companies’ global expansion is moving from the periphery to the core of business, Goldman Sachs says. Their average share of export markets is projected to rise from 18 per cent this year to 31 per cent by 2035, while revenue could grow 3.6-fold; share prices have not yet fully reflected that expansion.

Oilfield services company Geotek sees Eastern Siberia as a priority growth area and expects it to account for at least half of operations, up from about 40% now. CEO Roman Panov said the shift is driven by clients’ development pace in the region, with at least half of exploration activity expected to move there.
The traditional thali is taking an increasingly larger share of household budgets, pointing to rising food-inflation risks in India.
Canada is presenting itself as a refuge for global capital. Finance Minister François-Philippe Champagne says the country is a safe place to invest “in a very uncertain world” as Ottawa hosts its biggest investment summit to date.
Jaguar Land Rover is discussing sales of its revamped Defender military vehicle with Nato countries and bidding for a £900m UK Ministry of Defence contract to replace older Land Rovers. Its new Defender defence division aims to benefit from Europe’s rearmament drive as the carmaker faces weaker demand and higher costs.

The OCC’s proposed framework would generally give issuers two business days to redeem stablecoins, but a 24-hour redemption surge above 10% of outstanding issuance could extend the period to seven calendar days. Secondary-market trading could continue, while conversion providers may have to fund customers’ earlier exits and bear the waiting exposure.

Energy-sector unions are staging a 24-hour strike in protest against calls to curb employee benefits, including access to cheaper power. The industrial action was expected to reduce French electricity supply by up to 5 gigawatts on Tuesday and cut capacity at the key Dunkirk gas terminal.

Britain’s labour market remains weak, with job vacancies at a four-year low while pay growth is steady, official data showed. The figures come days before the Bank of England is due to announce its interest-rate decision.
China has classified the Pinglu Canal’s inland section as a provisional Class B navigation zone and designated the river-sea boundary at Qinzhou Bay as the country’s first “equivalent-to-Class-A” zone. Opening Wednesday, the canal is expected to shorten southwest China’s sea route by more than 560 kilometers and cut logistics costs by 18%-30%.

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