TotalEnergies Cuts Papua LNG Costs by $4 Billion
Completed tenders, an Exxon operating agreement and new marketing arrangements move the $14 billion project closer to a November investment decision.
• Markets
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German Industrial Output Falls as Car Production Slumps
July output dropped 1.1%, missing expectations, after multi-week shutdowns drove a 9.2% fall in vehicle production.
• Markets
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India’s Central Bank Drains $63.5 Billion After a Liquidity Surge
The RBI absorbed more than 6 trillion rupees after one-off external inflows pushed the banking system’s surplus to a record.
• Markets
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Liquid Network Pauses After a $320 Million Bitcoin Withdrawal
Almost all bitcoin held in Liquid’s federation wallet moved without authorisation, forcing the sidechain to halt while the destination’s operators call the action a white-hat intervention.
• Blockchain
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Ship-Fuel Prices Surge as Refinery Disruptions Cut Supply
Singapore’s main bunker fuel has risen 76% since the Iran war began, with analysts forecasting a global third-quarter deficit.
• Markets
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Japan’s Currency Defence Drives a Record Reserve Drop
Foreign reserves fell $79.6 billion in August after Tokyo spent nearly $99 billion supporting the yen.
• Markets
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Brazilian Court Suspends Sigma Lithium’s Only Producing Mine
The order halts operations at Grota do Cirilo while a court reviews whether nearby Quilombola communities were properly consulted.
• Markets
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China Directs $54 Billion Into State Banks and Insurers
Beijing has named the institutions receiving a long-planned capital boost as low rates pressure insurers and bank margins.
• Markets
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Greece Commits €3.5 Billion to an Income-Boosting Fiscal Plan
Athens is using a stronger fiscal position to fund tax relief, pension bonuses and wage increases through 2030, while tying the package to ambitious debt and growth targets.
• Markets
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TCS Plans a $7.4 Billion One-Gigawatt AI Campus in Hyderabad
Tata Consultancy Services’ HyperVault unit plans an AI data-centre campus of up to one gigawatt, testing whether India can turn domestic power and capital into hyperscale computing capacity.
• Fintech
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U.S. Labor Day Gasoline Is Set to Break the Holiday Record
Gasoline is projected to average $4.03 a gallon over Labor Day as crude disruption, record refinery utilisation and lean inventories leave little buffer for motorists.
• Markets
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Washington’s Venezuela Oil Partner Faces Unresolved Legal Scrutiny
New reporting links the U.S. government’s Venezuela oil arrangement to businessman Alejandro Betancourt, whose earlier U.S. investigation was paused while a Swiss criminal case remains open.
• Markets
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Foxconn’s Record August Revenue Lifts Its AI-Led Outlook
Foxconn reported record August revenue of NT$921.8 billion and expects the third quarter to beat market forecasts as AI-server demand and seasonal electronics orders reinforce each other.
• Markets
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Jefferies Fund Faces a Second $500 Million Invoice-Finance Exposure
Point Bonita obtained a London freezing order over disputed iron-ore invoices while still dealing with the collapse of First Brands.
• Markets
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Anthropic’s $2 Trillion IPO Timetable Slips Toward Mid-October
The AI company is expected to delay marketing while arranging a $15 billion credit line and assigning top banking roles for a potentially record listing.
• Markets
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Nscale Seeks $3.5 Billion Before an IPO
The AI infrastructure company is discussing convertible financing and a large Nvidia investment after signing a $45 billion capacity agreement with Anthropic.
• Fintech
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U.S. Adds 162,000 Jobs and Revives September Rate-Hike Risk
August hiring beat forecasts by nearly threefold, forcing markets to reconsider a Federal Reserve increase that had looked less likely a day earlier.
• Markets
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South Korea Maps a Three-Stage Shift to Tokenized Securities
Regulators plan to begin with funds, bonds and fractional assets in 2027, then expand toward public securities and stablecoin settlement.
• RWA
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Dangote Wins Approval for Africa’s Largest IPO
The refinery plans to raise about $1.6 billion at an implied $47 billion valuation, testing investor appetite for a strategically important African asset.
• Markets
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Trezor’s ShipMonk Breach Expands by 67,000 Customers
Older U.S. order records that should have been deleted widen a logistics-provider breach and increase phishing and physical-security risks.
• Blockchain