https://www.gurutrade.com/news/rss/ The latest news on the global economy and the recent trends in forex, commodities, stocks and cryptocurrency markets. Tue, 18 Aug 2026 11:32:45 +0300 50 en https://www.gurutrade.com/news/madison-air-to-buy-ebm-papst-in-5-4-billion-deal-1786995238.html Ebmpapst shareholder families to transfer stakes to Madison Air Madison Air looking to expand in Europe, broaden technologies Companies aim to tap booming US data centre market Madison Air shares down 5 Aug 17 Reuters U.S.based Madison Air Solutions said on Monday it would buy German fan maker ebmpapst in a 5.4 billion deal, expanding its air quality and ventilation business in a drive to tap the fastgrowing datacentre cooling market. The transaction will see ebmpapst39;s three shareholder families transfer their stakes to Madison Air, part of billionaire Larry Gies39; Madison Industries, which specialises in indoor air quality systems and ventilation equipment for cleanrooms and data centres. Madison Air, whose shares fell 5 following the announcement, is seeking to strengthen its position in Europe and broaden its technology portfolio. Ebmpapst said the deal would allow it to tap the booming U.S. data centre market, where demand for cooling systems is rising as operators deploy increasingly powerful chips and servers. Equipment used in data centres operated by hyperscalers accounts for about a third of ebmpapst39;s sales, a person familiar with the matter said. The deal gives us access to the U.S. capital market, which can help us with strategic options, ebmpapst CEO Klaus Geissdoerfer told Reuters. For Madison Air, the acquisition provides access to ebmpapst39;s technology and customer base, particularly in Europe and Asia, helping it expand beyond its core... https://www.gurutrade.com/news/madison-air-to-buy-ebm-papst-in-5-4-billion-deal-1786995238.html Mon, 17 Aug 2026 06:50:00 +0300 https://www.gurutrade.com/news/alibaba-to-sell-lingxi-games-in-more-than-2b-deal-source-1787005503.html Deal comes as Alibaba focuses on AI and cloud computing Memo says Trustar Capital will acquire Alibaba39;s Lingxi stake Lingxi CEO Zhou Bingshu and management team to remain in place Lingxi known for hit game 39;Three Kingdoms Strategy Edition39; HONG KONG, Aug 17 Reuters Alibaba Group is expected to reap more than 2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar with the matter told Reuters. Trustar said late on Monday it had reached a transaction agreement with Alibaba to acquire the tech giant39;s entire stake in Lingxi. Alibaba and Trustar reached a formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer39;s CEO Zhou Bingshu and reviewed by Reuters. Lingxi and Alibaba did not respond to requests for comment from Reuters on the memo. Under the agreement, Alibaba will transfer all of its Lingxi stake to Trustar, the memo said. The memo did not disclose the value of the deal or when the transaction was expected to close. It also gave no details of regulatory approvals or other conditions attached to the deal. Neither did Trustar39;s statement. Zhou said in the memo that he and Lingxi39;s management team would continue to lead the company, signalling continuity in the studio39;s operations following the ownership change. Bloomberg News, which first reported the memo, said the deal would be worth at least 1.5... https://www.gurutrade.com/news/alibaba-to-sell-lingxi-games-in-more-than-2b-deal-source-1787005503.html Mon, 17 Aug 2026 06:10:33 +0300 https://www.gurutrade.com/news/us-home-builder-sentiment-ticks-up-in-august-but-remains-weak-1787000228.html Aug 17 Reuters U.S. home builder sentiment unexpectedly ticked higher in August, but residential construction firms39; confidence remains weak overall, weighed down by economic uncertainty, high mortgage rates and steep building costs aggravated by the U.S.led war with Iran, a survey showed on Monday. The National Association of Home BuildersWells Fargo Housing Market index rose one point to a reading of 35 this month from July39;s unrevised level of 34. Economists polled by Reuters had forecast the index would decline for a third straight month to 33. A NAHB subindex measuring current sales of singlefamily homes ticked up to 39, the highest since May, from 37 in July, while measures of future sales and prospective buyer foot traffic were both unchanged. On a regional basis, sentiment edged up in the Northeast, South and West and was unchanged in the Midwest. The national index level in August marked the 16th straight month it has remained below 40, the longest such stretch since 2012. Indeed, the index has not breached the 50 level demarking business conditions that builders consider to be positive in more than two years. While builder sentiment edged higher in August, builders continue to contend with high construction costs and broader economic uncertainty, NAHB Chairman Bill Owens, a home builder and remodeler from Worthington, Ohio, said in a statement. Rising gas and diesel prices are pushing up material costs, and spec home building remains weak as many... https://www.gurutrade.com/news/us-home-builder-sentiment-ticks-up-in-august-but-remains-weak-1787000228.html Mon, 17 Aug 2026 05:10:33 +0300 https://www.gurutrade.com/news/second-wave-of-fuel-shortages-hits-russian-gas-stations-1786996342.html MOSCOW, Aug 17 Reuters Fuel shortages have returned to some regions of Russia in August, prompting local authorities in at least 10 regions to again tighten controls on sales of motor fuel at petrol stations, according to authorities and regional media. Reuters witnesses reported on Monday that gasoline was once again unavailable at some fuel stations in the Moscow region, although diesel fuel was available at almost all stations. The fuel crisis, which began gaining momentum in May and by July had spread to almost all regions of Russia, follows the shutdown of several refineries hit in drone attacks and a seasonal rise in demand. To increase fuel supplies to the domestic market, the authorities introduced a ban on exports of gasoline and diesel fuel, lowered quality requirements and began importing petroleum products. By the end of July, the situation had stabilised, and in some regions restrictions were lifted or significantly eased. However, this respite did not last long. A new wave of drone attacks on oil refineries in late July and early August triggered another round of restrictions. The situation with fuel supplies to petrol stations remained difficult in a number of regions across the country, the Russian government said in a statement on Friday, when energy officials discussed the fuel supply situation especially in the Orenburg, Lipetsk, Tver, Krasnodar, Zabaykalsky, Primorsky, Krasnoyarsk, Oryol, Tuva and Khakassia regions. Sales of gasoline have fallen... https://www.gurutrade.com/news/second-wave-of-fuel-shortages-hits-russian-gas-stations-1786996342.html Mon, 17 Aug 2026 04:50:55 +0300 https://www.gurutrade.com/news/pound-advances-ahead-of-economic-data-that-could-test-rally-1786982031.html Aug 17 Reuters The pound rose on Monday as investors awaited a batch of inflation and labour market data that could put the currency39;s recent gains to the test. Sterling rose 0.21 against a weaker dollar to 1.3560 after three consecutive weekly gains. It was also trading 0.06 higher at 85.50 pence per euro . The inflation and labour market readings due later this week will be crucial to the Bank of England39;s interest rate outlook and could determine whether sterling can extend its recovery after a period of political turmoil in the UK. The currency was boosted by data last week that showed the British economy had grown unexpectedly in June thanks to the start of the men39;s soccer World Cup, hot weather and respite from the energy price surge. However, a survey published on Monday showed that employers remain reluctant to hire and confidence has held near its weakest levels outside the COVID19 pandemic. Policymakers are likely to focus on the broader trend rather than any single data point, said Derek Holt, head of capital markets economics at Scotiabank. The relief from lower crude oil prices in June could also be temporary, given the latest flareup in Middle East tensions. Iran called on the U.S. to accept defeat while President Donald Trump told Americans to prepare for continued high fuel prices. All the focus is back on oil prices. Households could yet interpret sticky energy prices as more permanent, Pantheon Macroeconomics economists wrote. Traders... https://www.gurutrade.com/news/pound-advances-ahead-of-economic-data-that-could-test-rally-1786982031.html Mon, 17 Aug 2026 02:30:32 +0300 https://www.gurutrade.com/news/ftse-100-set-to-snap-six-day-losing-streak-as-miners-gain-1786978161.html Miners39; shares track higher gold and copper prices FTSE 100 up 0.1; FTSE 250 slips 0.2 UK inflation data due on August 19 Aug 17 Reuters Britain39;s FTSE 100 edged higher on Monday, on track to end six straight days of losses, as strength in mining stocks, AstraZeneca and RollsRoyce offset broader caution ahead of this week39;s UK inflation figures. The bluechip FTSE 100 index rose 0.1 to 10,757.91 points by 1022 GMT, while the midcap FTSE 250 slipped 0.2. AstraZeneca rose 0.9 after reporting results from two of its latestage lung cancer trials. The drugmaker said its TagrissoOrpathys combination and Daiichi Sankyopartnered Enhertu met key goals, though it discontinued a separate latestage study of volrustomig plus chemotherapy in patients with metastatic nonsmall cell lung cancer. Shares of miners offered among the biggest boosts to the FTSE 100 index as gold prices firmed and copper started the week strongly. Fresnillo climbed 1.9 and Antofagasta added 1.5. Glencore and Anglo American gained between 1.3 and 1.8. RollsRoyce climbed 1.8 after Morgan Stanley and Citigroup raised their price targets on the firm. On the downside, Unilever fell 1.3, Tesco lost 1.6 and BP slipped 0.8, making them among the biggest drags on the bluechip index. Global shares edged higher and the dollar slipped towards twomonth lows after a run of soft U.S. economic data, including an unexpected drop in retail sales, saw markets reduce bets for an imminent rate... https://www.gurutrade.com/news/ftse-100-set-to-snap-six-day-losing-streak-as-miners-gain-1786978161.html Mon, 17 Aug 2026 02:10:40 +0300 https://www.gurutrade.com/news/japan-q2-growth-misses-forecasts-on-weak-spending-1786973151.html AprilJune GDP rises annualised 1.1 vs f39;cast 2.0 Consumption flat on what analysts attribute to oneoff factors Bond yields hit 30year high as markets focus on inflation risks Weak GDP unlikely to alter nearterm BOJ rate hike prospect Rising inflation, Iran war cloud economic outlook TOKYO, Aug 17 Reuters Japan39;s economy slowed in the second quarter and missed market forecasts on softer household and business spending, highlighting the fragile nature of its recovery as the Middle East war clouds the outlook. However, longterm bond yields hit a threedecade high as investors brushed aside the soft reading as reflecting oneoff factors, and focused more on mounting inflationary risks that could prod the Bank of Japan to raise interest rates next month. Gross domestic product rose 1.1 in annualised terms, government data showed on Monday, missing a median market estimate of 2.0 in a Reuters poll and below a revised 1.9 expansion in the previous quarter. While the data revealed some temporary soft patches in demand, analysts say robust underlying momentum and persistent price pressures are likely to keep the case for imminent interest rate hikes intact. Today39;s GDP data was a bit weak but the economy is likely to continue recovering moderately, said Naoki Hattori, chief Japan economist at Mizuho Research Institute. Given risks of underlying inflation overshooting its target, the BOJ is likely to proceed with a rate hike next month. Sources have told Reuters... https://www.gurutrade.com/news/japan-q2-growth-misses-forecasts-on-weak-spending-1786973151.html Mon, 17 Aug 2026 01:10:12 +0300 https://www.gurutrade.com/news/oil-rises-on-iran-war-stalemate-near-term-gains-limited-1786967752.html Fewer ships through Strait of Hormuz after tanker attack reports Trump urges Americans to accept slightly higher gasoline prices UAE39;s ADNOC sells at least 14 mln bbls crude in latest tender, traders say Aug 17 Reuters Oil prices rose on Monday on a lack of progress in diplomatic efforts to resolve the Middle East conflict, though the absence of major supply outages limited gains. Brent crude futures were up 92 cents, or 1.04, at 89.44 by 1002 GMT after hitting a session high of 89.68. U.S. West Texas Intermediate crude futures rose 55 cents or 0.67 to 82.95 a barrel. Both contracts gained more than 5 last week following attacks on tankers operated by the Abu Dhabi National Oil Company in the Hormuz strait and on a Saudi Aramco refinery. But Bjarne Schieldrop at SEB Research said that prices were unlikely to move substantively higher unless there was a halt in the current flow of crude out through the Strait of Hormuz at night andor a closure of the Bab elMandeb Strait. For now, prices were trading close to 90 as traders weigh the risk of deeper disruption and shortages against the possibility of a resolution where the Strait of Hormuz is reopened and oil prices fall sharply, Schieldrop said. Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the United States, while U.S. President Donald Trump urged Americans to accept slightly higher gasoline prices while the conflict continues. Iran39;s Foreign Ministry... https://www.gurutrade.com/news/oil-rises-on-iran-war-stalemate-near-term-gains-limited-1786967752.html Mon, 17 Aug 2026 12:50:54 +0300 https://www.gurutrade.com/news/asian-shares-rise-dollar-slips-as-fed-rate-risks-pare-1786956418.html September Fed hike odds fall to 30 from about 50 a week earlier Euro hits twomonth high as soft US data weigh on dollar STOXX 600 rises 0.21; MSCI AsiaPacific exJapan index gains 0.5 LONDON, Aug 17 Reuters Global shares edged higher and the dollar slipped towards twomonth lows on Monday after a run of soft U.S. economic data, including an unexpected drop in retail sales, saw markets reduce bets for an imminent rate hike from the Federal Reserve. A hike next month is now priced at 30, down sharply from about 50 a week earlier, according to the CME Group39;s FedWatch tool. The STOXX benchmark of 600 big European companies rose 0.21, following earlier gains in MSCI39;s broadest index of AsiaPacific shares outside Japan, which rose 0.5, while Japan39;s Nikkei edged 0.3 higher. Chinese bluechips rose 0.8 and the Hang Seng index gained 1.6 ahead of China39;s activity data for July due later in the day. Forecasts are centred on a slowdown in industrial output growth to 4.8, from 5.3 previously, but investors could be bracing for an upside surprise given exports boomed on robust global AI demand last month. South Korea39;s stock markets were closed on Monday for a public holiday. There was subdued reaction in the Korean won after U.S. President Donald Trump instructed the Pentagon to substantially reduce joint military exercises with the country. Oil prices were mixed after last week39;s gains. Iran on Saturday called on the U.S. to accept defeat, while Trump urged... https://www.gurutrade.com/news/asian-shares-rise-dollar-slips-as-fed-rate-risks-pare-1786956418.html Mon, 17 Aug 2026 11:10:30 +0300 https://www.gurutrade.com/news/china-july-output-slows-retail-sales-miss-forecasts-1786953038.html BEIJING, Aug 17 Reuters China39;s industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption. The downbeat readings followed secondquarter growth that cooled to a threeandahalfyear low, reinforcing concerns that the economy is still struggling for momentum heading into the second half of the year. Industrial output in July rose 4.5 from a year earlier, slowing from 5.3 growth in June, data released by the National Bureau of Statistics showed on Monday. It missed expectations for a 4.8 rise in a Reuters poll of 26 analysts. Factory output was likely hampered by unusually active extreme weather last month, with three typhoons making landfall and millions of people relocated across China39;s eastern and southern manufacturing hubs. Retail sales grew 0.6, slowing from a 1 rise in June despite summer holiday tourism spending. Analysts had forecast 1.5 growth. Policymakers have been relying partly on tradein subsidies to support purchases of autos, home appliances and other durable goods. But analysts at Citi noted that the pace of subsidy distribution had weakened again in July, with daily average sales dropping to 6.3 billion yuan 934.8 million from 9 billion yuan in June. Auto sales declined for a 10th straight month in July, albeit at a slower pace, contrasting with strong external... https://www.gurutrade.com/news/china-july-output-slows-retail-sales-miss-forecasts-1786953038.html Mon, 17 Aug 2026 10:30:31 +0300 https://www.gurutrade.com/news/alphabet-eyes-debut-australian-dollar-bond-issue-report-1787002711.html SYDNEY, Aug 17 Reuters Alphabet has mandated investment banks to work on its inaugural Australian dollar bond issue, according to a message sent by one of the book runners and reviewed by Reuters on Monday. The U.S. tech giant is considering issuing 3, 5, 10 and 20year bonds, it said. The message did not outline how much Alphabet could raise in the transaction or its plans with the proceeds. Alphabet did not immediately respond to a request for comment from Reuters. The 3 and 5year bonds could be issued with fixed or floating rates, the message said, while the 10 and 20year bonds would be issued with fixed rates. Alphabet raised 25 billion in dollar bonds earlier in August following an almost 85 billion equity capital raising in June. Global tech companies are increasingly looking to capital markets to fund their massive AI spending, after having typically relied on their large cash reserves to fund investments. The firms are expected to spend more than 730 billion this year primarily on AI, and the outlay is already squeezing cash flows. Alphabet posted its first ever negative free cash flow in its secondquarter report in late July. Local currency bonds are becoming increasingly popular among some of the world39;s biggest issuers as they look to diversify their reliance on dollar bond transactions. Kangaroo bond sales from foreign issuers in Australian dollars are at a record high of around A60 billion 42 billion so far this year, up roughly 40 from 2025, LSEG... https://www.gurutrade.com/news/alphabet-eyes-debut-australian-dollar-bond-issue-report-1787002711.html Mon, 17 Aug 2026 09:30:58 +0300 https://www.gurutrade.com/news/ems-exit-valley-of-tears-as-investors-diversify-1787000750.html Some managers favour localcurrency debt in Brazil, Colombia, Egypt and Nigeria Stronger reserves and domestic investors reduce EM vulnerability El Niño, fertiliser costs, could rekindle inflation, investors warn LONDON, Aug 17 Reuters War, tariffs and AI gyrations have done little to dent the flow of cash into emerging markets, as reforms, deeper local capital markets and diversification away from U.S. assets reshape the asset class. Global shocks that once triggered sharp selloffs across developing economies have failed to derail investor demand this year, with emerging market debt inflows at a more than twodecade high and governments issuing record amounts of bonds. Improved policymaking, stronger foreign exchange reserves and growing domestic investor pools have helped cushion countries from the shocks. Roughly from 2015 to 2025 was like the valley of tears for emerging markets strong dollar, U.S. exceptionalism, lots of crises, defaults, COVID, etc, said David Hauner, head of emerging markets fixed income strategy at Bank of America. But those dire straits paved the way for the current rebound. There was so much outflow, a few months of inflows are not going to compensate for that...it39;s still only scratching the surface of the underinvestment that has occurred over the past decade. The war, which began in February, has largely closed the key Strait of Hormuz passage and boosted global oil and fertiliser prices, feeding through to food prices and wider... https://www.gurutrade.com/news/ems-exit-valley-of-tears-as-investors-diversify-1787000750.html Mon, 17 Aug 2026 09:10:07 +0300 https://www.gurutrade.com/news/big-investors-hunt-next-ai-winners-as-capex-angst-fades-1787002257.html Neoclouds benefit from capacity shortages and pricing power Hyperscalers attract interest as investors take longer view Reuters analysis predicts increased cash flow for hyperscalers MILAN, Aug 17 Reuters The rally in AIlinked stocks that marked the latest earnings season has shifted the focus of the AI investment story from whether Big Tech39;s spending spree will pay off to the kind of companies that will deliver returns over the longer term, investors say. Results Microsoft and Amazon reassured markets that demand remains robust for the infrastructure that underpins artificial intelligence. Cloud growth is accelerating, and capacity constraints persist. The question for some of the world39;s biggest asset managers is which companies can sustain profit growth once those constraints ease. Many retain significant positions in semiconductor stocks even after a sector rout in July when doubts set in over whether AI spending was worth it and the challenge of rising Chinese competition. At the same time, they are adding exposure to the hyperscalers, or the biggest cloud service providers whose scale allows them to rapidly expand AI infrastructure to meet customer demands. The hyperscalers are being recognised in this moment as companies that are likely to be very large beneficiaries of this AI paradigm shift, said Brian Barbetta, cohead of the technology platform at Wellington Management, which manages about 1.3 trillion in assets. They remain core holdings in our... https://www.gurutrade.com/news/big-investors-hunt-next-ai-winners-as-capex-angst-fades-1787002257.html Mon, 17 Aug 2026 08:30:41 +0300 https://www.gurutrade.com/news/tanker-attacks-slow-hormuz-shipping-data-shows-1786960107.html SINGAPORE, Aug 17 Reuters Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.Iran talks to resolve the Middle East conflict stalled. Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend. Ships entering the strait on Saturday included an empty Very Large Crude Carrier with its Automatic Identification System switched off and an Indianflagged Very Large Gas Carrier that used the Iranian route, Kpler data showed. A small tanker laden with Iranian fuel oil exited, it showed. Shipping appeared to grind to a near standstill after the United Arab Emirates said three vessels operated by the Abu Dhabi National Oil Company were attacked in transit last week. The United States said it could maintain a naval blockade of Iran indefinitely. Some ships may pass through undetected with transponders off, but the figures are far from the more than 130 ships a day that traversed the Strait of Hormuz before the war launched by the U.S. and Israel on Iran in February. Washington must meet Iran39;s conditions regarding the strait in order for shipping to resume, Foreign Minister Abbas Araqchi said in an interview with local media on Saturday. The waterway handled a fifth of the world39;s shipments of crude oil and liquefied natural gas before the war. At the Bab elMandeb strait, where Yemeni Houthis declared... https://www.gurutrade.com/news/tanker-attacks-slow-hormuz-shipping-data-shows-1786960107.html Mon, 17 Aug 2026 07:40:32 +0300 https://www.gurutrade.com/news/german-companies-cut-us-investment-to-3-year-low-data-show-1786957882.html Firsthalf direct investments plunge nearly twothirds, IW says Firsthalf 2026 investment level lowest since 2023, IW says Trump administration has imposed tariffs on trading partners BERLIN, Aug 16 Reuters German companies slashed investments in the United States to a threeyear low in the first half of 2026, as Trump administration policies fed uncertainty between the transatlantic trading partners. Firsthalf direct investments plunged by nearly twothirds yearonyear to 4.3 billion 5 billion, the lowest level since 2023, according to calculations by the German Economic Institute, or IW, seen by Reuters. Compared with the same period in 2024, that represents a drop of nearly 80, said the report, which is based on data from Germany39;s central bank. This continues the downward trend that has been evident since the start of Donald Trump39;s second term in January 2025, IW researcher Samina Sultan told Reuters. Since returning to office, Trump has threatened most of the United States39; international trading partners with import tariffs in an attempt to secure concessions favourable to Washington. In a bid to avoid heavy duties on its exports to the U.S., for example, the European Union agreed a deal last year that included a 600 billion investment pledge. In the five years before the COVID19 pandemic, firsthalf investments by German companies in the U.S. averaged 15.8 billion, the data showed, almost four times the 2026 level. That said, the 2020 to 2023 period... https://www.gurutrade.com/news/german-companies-cut-us-investment-to-3-year-low-data-show-1786957882.html Mon, 17 Aug 2026 07:30:25 +0300 https://www.gurutrade.com/news/boeing-s-wisk-sale-unlikely-to-start-new-divestment-round-1786741726.html Boeing has made two major sales since 2024 portfolio review Wisk sale includes Insitu and SkyGrid for nearly 20 stake in Archer Aviation Deal lets Boeing use Wisk autonomousflight technology in current and future aircraft programs SEATTLE, Aug 14 Reuters Boeing39;s announcement this week that it is selling Wisk Aero is less a signal of a broader breakup than an effort to shed a struggling, noncore air taxi business that had become a distraction from the aerospace giant39;s turnaround efforts, analysts said. Boeing CEO Kelly Ortberg previously said he would sell off nonessential parts of the company and its subsidiaries to stabilize its balance sheet and sharpen its focus on its core businesses commercial aerospace, defense and space. However, since completing a portfolio review in 2024, there have only been two major sales digital aviation services provider Jeppesen for 10.6 billion in 2025 and Monday39;s sale of Wisk, drone maker Insitu and airspaceservices provider SkyGrid for a nearly 20 stake in Archer Aviation. While Boeing does not get its equity stake until the deal closes, the Archer stake is worth just over 1 billion based on its share price on Thursday evening. Selling Jeppesen gave the company a desperately needed cash infusion to help stabilize its balance sheet, while selling Wisk for equity simply offloaded risk and a distraction, said Richard Aboulafia, a managing director with AeroDynamic Advisory. Developing and certifying air taxis and similar... https://www.gurutrade.com/news/boeing-s-wisk-sale-unlikely-to-start-new-divestment-round-1786741726.html Fri, 14 Aug 2026 07:30:15 +0300 https://www.gurutrade.com/news/us-business-inventories-unchanged-in-june-1786742168.html WASHINGTON, Aug 14 Reuters U.S. business inventories were unchanged in June as an increase in stocks at wholesalers was offset by a decline at retailers, reflecting strong domestic demand in the second quarter. The flat reading in inventories followed a 0.4 rise in May, the Commerce Department39;s Census Bureau said on Friday. Economists polled by Reuters had forecast inventories, a key component of gross domestic product and one of the most volatile, edging up 0.1 in June. Inventories increased 3.0 yearonyear in June. Business inventories have been drawn down for five straight quarters amid robust domestic demand, a mix of consumer spending and business investment tied to artificial intelligence. They subtracted from gross domestic product growth in the second quarter. The economy grew at a 1.5 annualized rate last quarter, though domestic demand increased at its fastest pace in more than three years. Retail inventories fell 0.2 in June instead of being unchanged as estimated in an advance report last month. They surged 0.8 in May. Motor vehicle inventories rose 0.4 as previously reported. They increased 0.9 in May. Retail inventories excluding autos, which go into the calculation of GDP, dropped 0.4 instead of falling 0.2 as estimated last month. They gained 0.7 in May. Wholesale inventories rose 0.2 in June while stocks at manufacturers edged up 0.1. Business sales fell 1.1 in June after dropping 2.1 in the prior month. At June39;s sales pace, it would take... https://www.gurutrade.com/news/us-business-inventories-unchanged-in-june-1786742168.html Fri, 14 Aug 2026 05:50:00 +0300 https://www.gurutrade.com/news/us-consumer-sentiment-deteriorates-in-august-1786742053.html WASHINGTON, Aug 14 Reuters U.S. consumer sentiment slumped in early August amid worries about the rising cost of living because of the conflict in the Middle East, a survey showed on Friday. The University of Michigan39;s Surveys of Consumers said its Consumer Sentiment Index dropped to 51.0 this month from 55.2 in July, ending two straight months of improvement. Economists polled by Reuters had forecast the index would be at 54.5. The decline in sentiment occurred across the political spectrum, with an especially big monthtomonth drop among Republicans. Sentiment among Republicans is now 19 below readings just prior to the Iran conflict and the lowest since the 2024 election, said Joanne Hsu, the director of the Surveys of Consumers. Although the earlymonth weakening in sentiment was pervasive across various demographic groups, notably large reductions were seen among older consumers, lowerincome consumers, and those without a college degree. The survey39;s measure of consumer expectations for inflation over the next year increased to 4.3 from 4.2 in July. Consumers39; expectations for inflation over the next five years were unchanged at 3.3. Reporting by Lucia Mutikani and Paul Simao Source Reuters https://www.gurutrade.com/news/us-consumer-sentiment-deteriorates-in-august-1786742053.html Fri, 14 Aug 2026 05:30:40 +0300 https://www.gurutrade.com/news/tesla-may-unveil-redesigned-roadster-in-august-report-1786951482.html Aug 14 Reuters Tesla plans to unveil a redesigned Roadster as early as this month, The Information reported on Friday, nearly a decade after the electricvehicle maker first revealed a nextgeneration version of its original sports car. The event could include a demonstration of a limitededition Roadster with coldgas thrusters developed in collaboration with SpaceX, the report said, citing people familiar with the plans. The demonstration is expected to take place at SpaceX39;s test site in McGregor, Texas. Tesla did not immediately respond to a Reuters request for comment. Tesla originally revealed the nextgeneration Roadster in 2017 and said deliveries would begin in 2020, but the company has since delayed the program. The redesigned Roadster could be remotely operated during the demonstration because of the noise and force generated by its thrusters, The Information reported. The report said the company39;s standard Roadster and the limited SpaceXbranded edition are expected to look similar. The new thrusterequipped version is not expected to be street legal and could cost hundreds of thousands of dollars, or potentially millions, the report added. Tesla initially accepted 50,000 deposits for the standard version and 250,000 for the Founder39;s Series limited edition. The Roadster program has reportedly evolved from a conventional highperformance EV into an allnew carbonfiber hypercar, after Tesla abandoned an alternative approach based on... https://www.gurutrade.com/news/tesla-may-unveil-redesigned-roadster-in-august-report-1786951482.html Fri, 14 Aug 2026 05:10:48 +0300 https://www.gurutrade.com/news/us-diversified-energy-in-early-talks-to-buy-birch-resources-1786713138.html Aug 14 Reuters U.S.based Diversified Energy said on Friday it is in early discussions to acquire privately held Birch Resources, as it looks to further expand into the oil and gasrich Permian Basin. Bloomberg News first reported the talks on Thursday, citing people familiar with the matter, and saying a potential allcash transaction would value Birch at more than 1.7 billion. Here are some more details The talks follow Diversified39;s March 2025 acquisition of Maverick Natural Resources, which also had an asset base in the Permian Basin, for 1.28 billion including debt. Shares of Diversified closed down more than 2 on Thursday, after Bloomberg39;s reporting on the talks. The company has a market capitalization of about 1 billion, according to LSEG data. No agreement has been reached, and there is no certainty that any transaction will occur, nor as to the terms on which any transaction might proceed, Diversified said in a statement. Birch, backed by investment firm Elliott Investment Management, operates in the Permian Basin, the largest oilfield in the U.S. The company was formed out of energy assets from the 2018 Chapter 11 bankruptcy agreement of Breitburn Energy Partners. Elliott did not immediately respond to a Reuters request for comment. Birch Resources could not be immediately reached. Separately, Diversified and Carlyle had agreed in May to acquire certain oil and natural gas properties in Oklahoma from Camino Natural... https://www.gurutrade.com/news/us-diversified-energy-in-early-talks-to-buy-birch-resources-1786713138.html Fri, 14 Aug 2026 04:10:41 +0300 https://www.gurutrade.com/news/china-july-bank-loans-suffer-record-drop-as-demand-fails-1786709051.html July new yuan loans contract by record 340 bln yuan Outstanding loan growth hits record low PBOC pledges to unveil new measures to support growth PBOC appears unfazed by weak credit data, Capital Economics says BEIJING, Aug 14 Reuters China39;s new yuan loans posted a record contraction in July, missing forecasts as seasonal factors and weak household credit demand weighed on lending in the world39;s secondlargest economy. New yuan loans were down by 340 billion yuan 50.4 billion in July the largest decline on record and the second contraction this year, after April Reuters calculations based on People39;s Bank of China data released on Friday showed. This weakness in loan demand comes despite the fact that nominal bank lending rates have continued to edge down, Capital Economics said in a note. The recent uptick in inflation means that, in real terms, bank lending rates have fallen sharply this year. Analysts polled by Reuters had expected new yuan loans in July to reach 45 billion yuan, versus 1.61 trillion in June and a fall of 50 billion a year earlier. Chinese banks typically slow lending after frontloading credit ahead of the end of the June quarter. The PBOC does not issue monthly breakdowns. Reuters calculated the July figure using the central bank39;s data for January to July, compared with the January to June figure. New loans totalled 10.38 trillion yuan for the first seven months of this year, the PBOC data showed, down from 12.87 trillion a... https://www.gurutrade.com/news/china-july-bank-loans-suffer-record-drop-as-demand-fails-1786709051.html Fri, 14 Aug 2026 02:10:31 +0300 https://www.gurutrade.com/news/ftse-100-set-for-first-weekly-drop-in-five-as-miners-retreat-1786709505.html Antofagasta drops almost 5, extending secondday slide after disappointing production outlook FTSE 350 industrial metal and mining index heads for 4.7 weekly drop Sage, Experian and Relx rise 3.5 to 5.7 after Reuters reports Silver LakeWorkday deal Aug 14 Reuters London39;s FTSE 100 was on track for its first weekly setback in five on Friday, as miners retreated alongside a dip in copper prices, though software and data companies rebounded after the report of a large deal in the sector. The bluechip FTSE 100 dipped 0.1 to 10,765.30 points by 1009 GMT, on track for its first weekly decline since early July. The midcap FTSE 250 edged up 0.1 to 24,860.50 points, set to end the week largely flat. Shares of miner Antofagasta dropped almost 5, down sharply for the second consecutive day after its production outlook disappointed on Thursday and copper prices fell after a recent rally. The FTSE 350 industrial metal and mining index was set for a 4.7 weekly drop, in what could be the weakest weekly performance since midMarch. Among gainers, shares of Sage Group, Experian and RELX climbed in 3.5 to 5.7 after Reuters reported private equity firm Silver Lake was in talks to acquire U.S. software firm Workday, lifting the sector. Global stocks traded just below record highs as benign U.S. inflation data this week tempered expectations of Federal Reserve interest rate hikes this year. Still, a lack of progress towards a lasting peace deal between the United... https://www.gurutrade.com/news/ftse-100-set-for-first-weekly-drop-in-five-as-miners-retreat-1786709505.html Fri, 14 Aug 2026 01:50:15 +0300 https://www.gurutrade.com/news/pound-eyes-weekly-rise-after-better-than-expected-gdp-data-1786710561.html LONDON, Aug 14 Reuters Sterling was set for a weekly rise against both the dollar and the euro on Friday, helped by this week39;s better than expected GDP data as well as calm across currency markets that is pushing traders to buy currencies where bond yields are relatively high, like Britain. The British currency was last at 1.3521, up 0.25 on the day and a similar amount on the week. It was trading at 85.44 pence per euro, a whisker firmer on the day and also around 0.25 stronger on the week. The pound has been supported by further evidence yesterday that the UK economy is proving more resilient than expected to the negative energy price shock triggered by the U.S.Iran conflict, said Lee Hardman, senior currency analyst at MUFG. Thursday39;s data showed the British economy grew by 0.3 during June, putting Britain on course for the strongest growth among the Group of Seven rich economies in the first half of 2026. Hardman also said that favourable carry conditions had boosted the pound, something particularly relevant when compared to the euro. In currency carry trades, investors borrow in a low yielding currency like the yen or the Swiss franc, and use those borrowed funds to buy a higher yielding currency, profiting from the interest rate differentials. British shortdated borrowing costs are among the highest in developed markets, and are well above those in the euro zone. Carry trades are particularly popular when volatility in currency markets is low, the... https://www.gurutrade.com/news/pound-eyes-weekly-rise-after-better-than-expected-gdp-data-1786710561.html Fri, 14 Aug 2026 01:10:20 +0300 https://www.gurutrade.com/news/chinese-chipmaker-smic-increases-prices-on-strong-ai-demand-1786740851.html Secondquarter revenue tops 3 billion for first time, beating LSEG analyst estimates Average selling price climbed 5.7 as secondquarter wafer shipments rose 14 AI demand expected to continue to underpin orders BEIJING, Reuters China39;s top foundry, Semiconductor Manufacturing International Corp, said on Friday that AIrelated demand would continue to underpin orders for its production, and that it had raised prices for its most soughtafter capacity. CoCEO Zhao Haijun said on an earnings call that SMIC raised prices following negotiations with customers in the first quarter, and that it would charge more for wafers processed in the third quarter. We believe we39;ve reached toptier industry standards in these areas, Zhao said. Since there39;s still a big gap between industryleading wafer prices and SMIC39;s current prices, we need to negotiate with customers for fairer pricing. Silicon wafers serve as the base material onto which chip patterns are printed by SMIC through the fabrication process. SMIC, the only Chinese foundry able to massproduce logic chips such as CPUs and GPUs on a 7nanometre process, posted revenue above 3 billion for the first time in the second quarter, driven by strong AI demand. Profit attributable to shareholders tripled to 479.2 million, with both figures beating average analyst estimates compiled by LSEG. The company shipped 2.9 million 8inchequivalent wafers in the second quarter, up 14 from the previous quarter, while the average... https://www.gurutrade.com/news/chinese-chipmaker-smic-increases-prices-on-strong-ai-demand-1786740851.html Fri, 14 Aug 2026 12:10:10 +0300 https://www.gurutrade.com/news/tata-motors-pv-shares-fall-on-profit-plunge-margin-warning-1786740311.html Aug 14 Reuters Shares of India39;s Tata Motors Passenger Vehicles fell as much as 6 on Friday after the automaker posted an 80 plunge in quarterly profit and warned that margin pressures would persist into the second quarter. The stock was down 4.8 at 332.85 rupees as of 137 PM IST, its biggest oneday percentage decline since June 17. It was the top loser on the auto and Nifty 50 indexes. During a postearnings call on Thursday, Tata Motors PV said commodityrelated cost pressures were expected to persist into the JulySeptember quarter. The second quarter is going to hit us badly. Not just us, but the whole industry will get hit, CEO Shailesh Chandra said. Firstquarter margins at luxury unit Jaguar Land Rover JLR, which makes up about 80 of Tata Motors PV39;s revenue, and at its domestic passenger vehicle business both came in below analysts39; expectations. Tata Motors PV is facing multiple headwinds at JLR, including increased competition, heavy discounts and high warranty costs, Jefferies said in a note. The brokerage lowered its FY27 earnings per share estimate by 10 and cut its target price on the stock while maintaining its underperform rating. Margin pressure at JLR and in the domestic passenger vehicle business could weigh on the company39;s cash generation in the nearterm, Nomura said in a note, while maintaining its neutral rating. Tata Motors PV on Thursday reported a quarterly consolidated net profit of 7.75 billion rupees in the AprilJune quarter... https://www.gurutrade.com/news/tata-motors-pv-shares-fall-on-profit-plunge-margin-warning-1786740311.html Fri, 14 Aug 2026 11:50:42 +0300 https://www.gurutrade.com/news/china-s-unitree-powers-up-for-stellar-shanghai-debut-1786717506.html Private share platforms point to shares almost tripling on debut On crypto exchanges, derivative trades suggest a jump of almost four times IPO was almost 8,000 times oversubscribed by retail investors Unitree is profitable, perceived to have state support SHANGHAIBEIJING, Aug 14 Reuters China39;s Unitree, the country39;s most highprofile humanoid robot maker, is widely expected to have an explosive stock market debut in Shanghai next week. The only question is how frenzied is it going to be? Outside China, on private share platforms such as EquityZen, UpMarket and Hiive, Unitree shares are tipped to almost triple, while on crypto exchanges Hyperliquid and Gate, derivative trades point to a jump of almost four times. Some others expect much more. Such is the excitement around Unitree, whose humanoid robots have drawn global attention for their running, dancing and performing of martial arts, that its IPO was more than 8,000 times oversubscribed by retail investors, a record for Shanghai39;s STAR Market for tech startups. Chinese media have also reported that lucky IPO subscribers have been approached by scalpers offering to buy its shares at 410 yuan, a 170 premium to its offering price of 150.8 yuan. Unitree39;s listing date is expected to be announced later on Friday. PROFITABLE AND SEEN TO HAVE STATE SUPPORT Unitree, which competes with Hyundai Motor Groupowned Boston Dynamics and Tesla, is not the first Chinese humanoid robot maker to list. Hong Kong has... https://www.gurutrade.com/news/china-s-unitree-powers-up-for-stellar-shanghai-debut-1786717506.html Fri, 14 Aug 2026 11:30:19 +0300 https://www.gurutrade.com/news/chinese-auto-sales-boom-globally-slow-down-at-home-1786697649.html China39;s domestic car sales shrink by size of Japan39;s market in first half Strong Chinese export gains add to the strain on Japanese, European automakers China and Japan vie for global auto market share, especially in EVs BEIJING, Aug 14 Reuters China39;s car industry is on a tear overseas, storming markets from Europe to Southeast Asia and heaping pressure on longestablished automakers like Toyota Motor and Volkswagen. But it is a different story at home, where car sales have been in steady decline since late last year, as weak consumer demand and years of intense price competition have left the world39;s biggest auto market glutted with excess capacity. While major Chinese car companies like BYD, Geely and Chery have long aspired to become global heavyweights, the industry39;s rapid expansion is now driven as much by economic necessity as by ambition, analysts and industry insiders say. Faced with lacklustre domestic demand, China39;s automakers have an increasingly powerful incentive to accelerate a push overseas that was already well under way. That will only add to the squeeze on European and Japanese rivals already struggling to compete with China39;s technologically advanced, lowcost electric vehicles. Chinese automakers have excess manufacturing capacity, highly competitive supply chains, increasingly sophisticated products and a strong economic incentive to find growth outside China, said Bill Russo, CEO of Shanghaibased advisory firm Automobility.... https://www.gurutrade.com/news/chinese-auto-sales-boom-globally-slow-down-at-home-1786697649.html Fri, 14 Aug 2026 11:10:00 +0300 https://www.gurutrade.com/news/gold-set-for-weekly-loss-as-inflation-rally-unwinds-1786694650.html Gold retreats from twomonth peak Palladium, platinum head for weekly loss September rate hike odds cut to just 33 CME FedWatch U.S. threatens to maintain naval blockade on Iran Aug 14 Reuters Gold prices slipped on Friday and were headed for a weekly loss as investors locked in profits a day after bullion was propelled to its highest level in more than two months on mild U.S. inflation data that weakened the case for a nearterm Federal Reserve rate hike. Spot gold was down 0.5 at 4,330.70 per ounce, as of 0714 GMT. U.S. gold futures for December delivery slid 0.7 to 4,387.40. Bullion climbed to its highest point since June 5 on Thursday, before settling lower, setting it on track for a weekly loss. There is some episodic and more speculative capital that39;s maybe taking a bit of profit in gold, because there39;s not a nearterm catalyst quite so potent immediately in front of us, said Ilya Spivak, head of global macro at finance content network Tastylive. Gold may be setting up, with some choppy trading along the way, for a meaningful rally now. And if we can take out 4,400, I don39;t think 5,000 by yearend is any kind of a sketch. The nonyielding metal got a boost after an unexpected drop in U.S. July nonfarm payrolls last week, followed by softer inflation data this week, sharply reducing expectations of a rate hike next month. U.S. producer prices were unchanged in July, following a revised 0.1 drop in June, while U.S. consumer prices barely increased in... https://www.gurutrade.com/news/gold-set-for-weekly-loss-as-inflation-rally-unwinds-1786694650.html Fri, 14 Aug 2026 10:50:36 +0300 https://www.gurutrade.com/news/ai-driven-bond-yield-surge-threatens-markets-and-growth-1786704472.html Real bond yields shoot higher on AI and government spending Resilient economies and rate hike bets also drive move But realyield rise raises risks for stocks and growth LONDON, Aug 14 Reuters Market gauges of inflationadjusted borrowing costs have shot to their highest in more than a decade across major economies as AI companies and governments ramp up bond sales, raising risks for stock markets and the world economy. Real yields are the returns that a bond investor demands above inflation and are an important indicator of true borrowing costs for governments and companies. They are typically determined by expectations about growth, interest rates and the supply and demand of money. U.S. 30year real yields , as measured by inflationlinked bonds, are near 18year highs at around 3, while British and German 10year real yields are trading at around their highest in more than a decade , . Investors and analysts say a surge in borrowing by AI hyperscalers, at a time when governments are still spending heavily, has been a leading factor pushing up yields, as buyers demand higher returns to keep purchasing the flood of bonds hitting markets. With inflation expectations broadly steady despite the Iran conflict, the rise in real yields has pushed up nominal yields around the world in recent months. The U.S. on Thursday paid the highest borrowing cost on a 30year bond at auction since 2001, at 5.22 . BOND FLOOD The likes of Alphabet, Amazon and Meta have issued almost 220... https://www.gurutrade.com/news/ai-driven-bond-yield-surge-threatens-markets-and-growth-1786704472.html Fri, 14 Aug 2026 10:30:17 +0300 https://www.gurutrade.com/news/oil-rises-after-us-threatens-indefinite-blockade-of-iran-1786692629.html NEW DELHI, Aug 14 Reuters Oil prices gained on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session39;s fall on a weaker outlook for demand and a large build in U.S. stocks. Brent futures rose 90 cents, or 1.03, to 87.97 a barrel by 0653 GMT, while U.S. West Texas Intermediate WTI crude futures rose 91 cents to 82.16 a barrel. The benchmarks were on track for weekly rises of about 4 after the prior session39;s fall of more than 2, paring gains following Brent39;s sixsession rally and a fivesession rise for WTI. Despite the bearish crude stock data, the broader geopolitical backdrop is preventing a sharper price decline, Susan Bell, senior vice president for oil commodity markets at Rystad Energy said in a note. On Thursday, the United States warned that it could maintain a naval blockade of Iran indefinitely and ramp up economic pressure on Tehran as ceasefire talks have stalled. Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation of a country, Treasury Secretary Scott Bessent told Newsmax39;s Rob Schmitt Tonight programme in an interview. The latest U.S. threats come as Iran curbs flows through the Strait of Hormuz, which carried 20 of the worlds oil before the conflict, driving up fuel prices and putting pressure on President Donald Trump to end a war that is... https://www.gurutrade.com/news/oil-rises-after-us-threatens-indefinite-blockade-of-iran-1786692629.html Fri, 14 Aug 2026 10:10:27 +0300 https://www.gurutrade.com/news/boj-eyes-september-rate-hike-faster-tightening-sources-say-1786696866.html BOJ set to raise rates as soon as September, sources say BOJ may accelerate pace of rate hikes thereafter, sources say Weak yen, AI demand adding to BOJ worries over inflation BOJ sees rising inflation expectations, producer prices as key Markets price in early rate hike, lifts 5year yield to record TOKYO, Aug 14 Reuters The Bank of Japan is set to raise interest rates as soon as September and is considering hiking more aggressively thereafter from the current pace of roughly twice a year, said three sources familiar with its thinking. Such a move would reflect the BOJ39;s growing alarm over price pressures from the Middle East conflict, strong global AI demand and the yen39;s downtrend, which has persisted despite last month39;s rare JapanU.S. joint intervention. An early rate hike has come into sight, one of the sources said, signalling a strong chance the BOJ will raise rates at its next policy meeting on September 17 and 18. The BOJ could also accelerate the pace of rate increases, the source said, a view echoed by another source. The twoyear Japanese government bond JGB yield , which is most sensitive to the BOJ39;s policy outlook, rebounded after Reuters initially reported the central bank39;s deliberations, while the fiveyear yield rose to a record high. Since exiting a massive, decadelong stimulus in 2024, the BOJ has raised interest rates at a pace of roughly twice a year including in June, when it took rates to a 31year high of 1. While the BOJ... https://www.gurutrade.com/news/boj-eyes-september-rate-hike-faster-tightening-sources-say-1786696866.html Fri, 14 Aug 2026 09:50:15 +0300 https://www.gurutrade.com/news/yen-s-weekly-loss-puts-more-intervention-on-traders-radar-1786693137.html Yen hands back half its intervention boost Weekly drop is largest since previous intervention faded Dollar balances oil gains with retreating rate hike bets SINGAPORE, Aug 14 Reuters The yen headed for its biggest weekly loss in about a month on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager that either rate hikes or another round of official buying would be needed to stem the decline. The currency has surrendered roughly half the gains sparked by intervention in late July and early August, falling about 0.9 this week to 159.29 per dollar . It was trading near 164 per dollar before July39;s intervention and traders see the 160 level as a potential trigger for fresh official action. The yen39;s retreat mirrors a similar selloff in May, when it was also backsliding after a round of official buying. The Japanese currency rose slightly in Friday trade after Reuters reported the Bank of Japan is set to raise rates as soon as September and is considering more aggressive hikes to follow, citing three people familiar with policymakers39; thinking. It has been falling, however, for years, and is not far from fourdecade lows, thanks to a combination of perennially low interest rates and newer confidence concerns around government spending. The broader currency market has been fairly steady this week, with support for the dollar from higher oil prices and Middle East tension offset by benign U.S. jobs and inflation reports that... https://www.gurutrade.com/news/yen-s-weekly-loss-puts-more-intervention-on-traders-radar-1786693137.html Fri, 14 Aug 2026 09:30:46 +0300 https://www.gurutrade.com/news/rupee-drifts-as-rbi-keeps-tight-leash-premiums-slip-1786694861.html MUMBAI, Aug 14 Reuters The Indian rupee drifted on Friday, on course for a weekly decline kept modest by the central bank39;s frequent dollarselling interventions amid the Middle East conflict. The rupee was little changed at 95.3975 per dollar, hovering in a narrow range with traders keeping an eye on oil prices while pointing to staterun banks39; dollar sales, likely on behalf of the Reserve Bank of India. Over the week so far, the currency has hovered in an under30paisa range the narrowest weekly band since February. Anxiety over the conflict has kept importer dollar demand elevated, with oil refiners especially keen to capture dips on the dollarrupee pair, a trader at a private bank said. Oil prices nudged higher after the United States threatened an indefinite naval blockade of Iran, reviving concerns about the supply of crude. India is particularly vulnerable to such supply disruptions as it imports about 90 of its oil. The 95.0095.10 zone remains a key support for USDINR. Having broken above 95.30 earlier this week, the path towards 95.80 and eventually 96.20 stays open, said Amit Pabari, managing director at FX advisory firm CR Forex. Regional currencies and stocks were trading mixed while the dollar index was hovering little changed just shy of the 100 mark. Data released on Thursday pointed to unchanged U.S. producer prices in July. It further supported dialling back bets on a Federal Reserve September hike, now seen as a roughly 35 chance, per LSEG... https://www.gurutrade.com/news/rupee-drifts-as-rbi-keeps-tight-leash-premiums-slip-1786694861.html Fri, 14 Aug 2026 09:10:27 +0300 https://www.gurutrade.com/news/asian-stocks-set-for-weekly-gains-as-fed-hike-bets-fade-1786691649.html Investors look beyond lack of progress in Middle East talks Brent futures hang below 90 a barrel but worries persist Yen near 160 vs dollar revives intervention threat SINGAPORE, Aug 14 Reuters Asian stocks rose on Friday, poised for their strongest week in two months as benign inflation data dented expectations of an imminent U.S. rate hike, although faltering talks to end the war in the Middle East are likely to keep risk sentiment in check. Brent futures steadied at 87.03 per barrel after a drop on Thursday but were set for a 4 weekly gain, snapping a twoweek losing streak, after the U.S. threatened to ramp up economic pressure on Iran, including extending a naval blockade. Markets have so far shrugged off the lack of progress in ending the Iran war, instead focusing on the broad AI theme in the wake of strong earnings that placated investors39; worries about massive AI spending. European stock futures indicated a higher open, while Nasdaq futures dipped 0.1. U.S. inflation reports this week suggested pricing pressure remained under control, lowering the odds of a rate increase from the Federal Reserve next month. Charu Chanana, chief investment strategist at Saxo, said risk appetite can hold for now because the immediate Fed hike risk has been repriced lower, noting softer oil is also helping. But this is still a headlinedriven rally rather than a clean riskon regime, said Chanana. Without clarity on the Middle EastHormuz, another oil spike could quickly... https://www.gurutrade.com/news/asian-stocks-set-for-weekly-gains-as-fed-hike-bets-fade-1786691649.html Fri, 14 Aug 2026 08:50:30 +0300 https://www.gurutrade.com/news/russia-s-share-of-india-oil-imports-hits-record-in-july-1786695208.html NEW DELHI, Aug 14 Reuters Indian dependence on Russia39;s crude surged to a record in July, with shipments from the country making up 50.83 of imports by the thirdbiggest oil buyer and consumer, or 2.47 million barrels per day, data from trade sources showed. India39;s July imports of Russian oil were up 62.4 from a year earlier, but down 4.8 from June39;s record figure of 2.6 million bpd, the data showed. In January, Indian refiners began cutting Russian oil imports to avoid higher U.S. tariffs as New Delhi negotiates a trade deal with Washington. However, disruptions to Middle East supply triggered by the Iran war compelled Indian refiners to keep buying Russian barrels. But India39;s Russian crude buying faces uncertainty after legislation passed by the U.S. Senate this month to impose tariffs of 100 on buyers of Russian oil, stepping up economic pressure on Moscow over its 2022 invasion of Ukraine. The House of Representatives has yet to approve the measure. Russia39;s share of India39;s crude imports hit a record 43.25 in the first four months of the financial year that began in April, averaging more than 2 million bpd, up from a share of about 37 a year earlier, the data showed. The shift came largely at the expense of Middle Eastern suppliers, whose share of India39;s crude imports fell to about 30 in the period from April to July, versus 43 a year earlier. The share of Latin American oil rose from 3.5 to 12.7, mainly due to higher imports from Brazil and... https://www.gurutrade.com/news/russia-s-share-of-india-oil-imports-hits-record-in-july-1786695208.html Fri, 14 Aug 2026 08:30:10 +0300 https://www.gurutrade.com/news/s-p-500-notches-record-high-close-as-rate-hike-worries-ease-1786695547.html Dell, HP gain after robust earnings from Lenovo July producer inflation data softer than expected SP 500 0.65, Nasdaq 0.81, Dow 0.13 Reuters The SP 500 notched a recordhigh close on Thursday, fueled by advances in Sandisk and other heavyweight technology stocks, as tame producer price inflation data supported expectations the Federal Reserve will not raise interest rates at its September meeting. Memory chip makers Sandisk and Micron Technology surged 13.7 and 4.2, respectively, while Microsoft added almost 1 and Meta Platforms rose 2.8. Shares of AI cloud company CoreWeave dipped 1.3. The stock surged 19 a day earlier after the company lifted its annual capital spending forecast. Strong forecasts in recent weeks from companies including Microsoft and Amazon have reduced investors39; concerns about massive spending on AI data centers. The AI earningsdriven tech boom continues, said Jay Hatfield, CEO of Infrastructure Capital Advisors in New York. It39;s an earnings boom, not a bubble. The SP 500 climbed 0.65 to end the session at 7,798.99 points, exceeding its record high close last Friday. The Nasdaq gained 0.81 to 26,803.03 points, while the Dow Jones Industrial Average rose 0.13 to 53,839.99 points. Seven of the 11 SP 500 sector indexes rose, led by communication services, up 1.56, followed by a 1.34 gain in real estate. The SP 500 is up about 14 in 2026, while the Nasdaq has gained about 15. Cisco Systems dropped 8.4 after the networking equipment... https://www.gurutrade.com/news/s-p-500-notches-record-high-close-as-rate-hike-worries-ease-1786695547.html Fri, 14 Aug 2026 08:10:37 +0300 https://www.gurutrade.com/news/us-producer-prices-unchanged-in-july-further-dimming-rate-hike-odds-1786703848.html Weekly jobless claims increase 9,000 to 209,000 Continuing claims decline 22,000 to 1.777 million Producer Price Index unchanged in July; rises 4.7 yearonyear WASHINGTON, Reuters U.S. producer prices were unchanged in July as goods prices fell and the cost of services increased marginally, bolstering financial market expectations that the Federal Reserve could keep interest rates unchanged next month. The report from the Labor Department on Thursday followed news on Wednesday of mild consumer inflation last month. The data led most economists to also expect moderate readings in the Personal Consumption Expenditures price indexes in July. The U.S. central bank tracks the PCE inflation measures for its 2 target. Financial markets had been pricing in a rate hike, but the odds have diminished considerably following last week39;s employment report showing unexpected job losses in July. The Federal Open Market Committee will get August CPI and employment reports before the September meeting. It39;s now looking far less likely that the FOMC will feel the need to hike as soon as September, said Stephen Brown, chief North America economist at Capital Economics. The flat reading in the Producer Price Index for final demand last month followed a revised 0.1 drop in June, the Labor Department39;s Bureau of Labor Statistics said. Economists polled by Reuters had forecast the PPI rebounding 0.2 following a previously reported 0.3 decline in June. In the 12 months through... https://www.gurutrade.com/news/us-producer-prices-unchanged-in-july-further-dimming-rate-hike-odds-1786703848.html Fri, 14 Aug 2026 07:40:40 +0300 https://www.gurutrade.com/news/argentina-monthly-inflation-rises-in-july-to-2-1-1786696160.html BUENOS AIRES, Reuters Argentina39;s monthly inflation rate was 2.1 in July, slightly above the level recorded in June, while the 12month figure also slightly sped up, data from national statistics agency INDEC showed on Thursday. July39;s inflation rate was up from 1.9 registered in June and was slightly higher than analyst expectations of 2. In the 12 months through July prices rose 33.8, climbing from the previous month39;s rate of 33.5. Recreation and culture saw the largest price increases, driven by more expensive holiday packages during Argentina39;s winter holidays, followed by restaurants and hotels. Clothing and footwear prices fell slightly. On Tuesday, a Reuters poll on July inflation data showed analysts considered that disinflation remains gradual in the South American nation. Argentina39;s central bank projects inflation to end the year at 29.8, with the economy growing 2.7. Reporting by Hernan Nessi and Kylie Madry; Writing by Fabiola Arámburo Source Reuters https://www.gurutrade.com/news/argentina-monthly-inflation-rises-in-july-to-2-1-1786696160.html Fri, 14 Aug 2026 07:30:13 +0300 https://www.gurutrade.com/news/ftse-100-falls-to-two-week-low-as-antofagasta-cuts-outlook-1786648846.html Antofagasta shares drop after company cuts 2026 copper output forecast FTSE 100 falls 0.6, lowest since July 27 Britain39;s economy grows 0.3 in June after being flat in May, data shows Aug 13 Reuters London39;s FTSE 100 fell to a more than twoweek low on Thursday after Antofagasta39;s downbeat copper production forecast sparked losses in the mining sector and offset any relief from strongerthanexpected economic growth in June. The bluechip FTSE 100 index closed 0.6 down at 10,772.67 points dropping for a fourth consecutive day and touching its lowest since July 27. The midcap FTSE 250 climbed 0.1 to 24,837.71 points. Britain39;s economy unexpectedly grew in June as companies enjoyed a respite from the energy price surge caused by the Iran war, the start of the men39;s soccer World Cup and hot weather, official data showed. Gross domestic product rose by 0.3 in June, putting Britain on course for the strongest growth among the Group of Seven rich economies in the first half of 2026, after being flat in May. The pound , though, was largely unchanged against the dollar as the data did little to change nearterm interest rate expectations. This is not a boom though, and quarterly growth has slowed from 0.6, but Britain is proving significantly harder to knock off course than many feared, said Sam North, market analyst for eToro. Antofagasta shares fell 6.8 after the company cut its 2026 copper output forecast due to a shutdown at its Los Pelambres... https://www.gurutrade.com/news/ftse-100-falls-to-two-week-low-as-antofagasta-cuts-outlook-1786648846.html Thu, 13 Aug 2026 07:10:49 +0300 https://www.gurutrade.com/news/us-producer-prices-unchanged-in-july-labor-market-stable-1786642019.html Weekly jobless claims increase 9,000 to 209,000 Continuing claims decline 22,000 to 1.777 million Producer Price Index unchanged in July; rises 4.7 yearonyear WASHINGTON, Aug 13 Reuters U.S. producer prices were unchanged in July as goods prices fell and the cost of services increased marginally, bolstering financial market expectations that the Federal Reserve could keep interest rates unchanged next month. The report from the Labor Department on Thursday followed news on Wednesday of mild consumer inflation last month. The data led economists to also expect moderate readings in the Personal Consumption Expenditures price indexes in July. The U.S. central bank tracks the PCE inflation measures for its 2 target. Financial markets had been pricing in a rate hike, but the odds have diminished considerably following last week39;s employment report showing unexpected job losses in July. The absence of spillovers from higher energy prices into services prices, together with a fragile labor market, should ensure that the Fed keeps policy unchanged for the remainder of the year, said Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics. The flat reading in the Producer Price Index for final demand last month followed a revised 0.1 drop in June, the Labor Department39;s Bureau of Labor Statistics said. Economists polled by Reuters had forecast the PPI rebounding 0.2 following a previously reported 0.3 decline in June. In the 12 months through July, the PPI... https://www.gurutrade.com/news/us-producer-prices-unchanged-in-july-labor-market-stable-1786642019.html Thu, 13 Aug 2026 06:30:19 +0300 https://www.gurutrade.com/news/frasers-buys-harvey-nichols-warns-of-tough-turnaround-1786649661.html Deal includes six UK stores, online business, inventory Over 1,000 Harvey Nichols employees move to Frasers Frasers says Harvey Nichols turnaround will mean 39;tough choices39; Aug 13 Reuters British retail tycoon Mike Ashley39;s Frasers bought Harvey Nichols out of administration on Thursday, helping keep the struggling luxury department chain39;s stores open but noting the difficult road ahead to keep its operations sustainable. Founded in 1831, Harvey Nichols has been lossmaking for several years after its heyday in the 1990s and 2000s. While it remains a key luxury shopping destination, the deal is the latest in a string of British retail rescues by Ashley, who is known for buying businesses at bargain prices. Frasers did not disclose how much it bought Harvey Nichols for, but the acquisition of the group, which sells luxury goods ranging from cosmetics and fashion to food and wine, ends 35 years of ownership under Hong Kong billionaire Dickson Poon. Frasers said the integration of Harvey Nichols into its operations would require significant restructuring, which could include a review and rationalisation of the store portfolio, organisational structure, operating model and cost base. The turnaround will require tough choices, and we are prepared to make those decisions, even if that means a smaller business in the near term, to create a stronger and more sustainable Harvey Nichols for the long term, Frasers CEO Michael Murray said in a statement. SERIAL... https://www.gurutrade.com/news/frasers-buys-harvey-nichols-warns-of-tough-turnaround-1786649661.html Thu, 13 Aug 2026 05:50:29 +0300 https://www.gurutrade.com/news/europe-inc-heads-for-best-earnings-season-in-years-1786651433.html Aug 13 Reuters Secondquarter profit expectations for Europe39;s bluechip companies have risen for an eighth consecutive week, putting the region on track for one of its strongest earnings seasons in years as soaring energy and materials profits offset signs of softer demand elsewhere. Companies in the STOXX 600 index are now expected to report aggregate earnings growth of 23.4, according to LSEG IBES data, based on reported results from 268 companies and estimates for those yet to publish results. Energy companies are expected to lead the gains, with profits forecast to more than double from a year earlier after oil prices surged during the U.S.Iran conflict. Basic materials is projected to be the secondfastest growing sector, with earnings expected to rise nearly 70, helping broaden the earnings recovery beyond oil producers. Excluding the energy sector, STOXX 600 companies are still expected to report earnings growth of 12.3, suggesting the strength of the reporting season is not solely dependent on higher commodity prices. Revenue growth is expected to be more modest. STOXX 600 companies are forecast to increase sales by 11.4 from a year earlier, down from a 12.6 growth estimate last week. Of the 268 companies that have reported results so far, 58.6 have beaten analyst expectations, above the 54 average for a typical quarter since 2012. While the reporting season has generally exceeded expectations, investors remain focused on whether earnings momentum can be... https://www.gurutrade.com/news/europe-inc-heads-for-best-earnings-season-in-years-1786651433.html Thu, 13 Aug 2026 05:10:13 +0300 https://www.gurutrade.com/news/gold-pares-losses-as-steady-us-ppi-signals-fed-rate-hold-1786640459.html US PPI data largely in line with expectations September Fed ratehike bets reduced to 32 CME FedWatch Tool Fed39;s Hammack reiterates the need to raise rates Aug 13 Reuters Gold pared losses on Thursday after falling nearly 1 earlier in the session, as the U.S. producer price data matched expectations and reduced bets for a Federal Reserve rate hike next month, while profittaking kept prices below the 4,500 level. Spot gold fell 0.5 to 4,386.69 per ounce by 0926 a.m EDT 1326 GMT after touching session39;s low of 4,363.44. U.S. gold futures dipped 0.5 to 4,444.00. 4,500 is a big resistance point for gold. We touched it twice and gold tumbled from that point, with traders being jittery close to the 4,500 level at the moment, said Bob Haberkorn, senior market strategist at StoneX. The U.S. Producer Price Index was unchanged in July as goods prices declined, higher services costs suggested inflationary pressures could persist. The data followed Wednesday39;s consumer price report, which showed U.S. inflation rose 3.4 in the 12 months through July, down from 3.5 in June and in line with economists39; expectations. Price growth is moderating in the US but remains above target which lends itself to a Fed that is more likely to hold rates in September, said Kyle Rodda, senior financial market analyst at Capital.com. Markets are now pricing a 32 chance of a rate hike at the September meeting, down from 40 immediately after the PPI data, according to the CME FedWatch... https://www.gurutrade.com/news/gold-pares-losses-as-steady-us-ppi-signals-fed-rate-hold-1786640459.html Thu, 13 Aug 2026 04:30:59 +0300 https://www.gurutrade.com/news/ai-boom-is-starting-to-show-in-uk-economy-s-performance-1786651898.html MANCHESTER, England, Aug 13 Reuters Britain39;s economy is showing the clearest signs yet that it is benefitting from the global artificial intelligence boom, with data on Thursday showing rapid growth in related industries and a surge in computer hardware investment. While the Office for National Statistics said Britain39;s economy grew by 0.4 in the second quarter, the information and communications sector contributed almost half of that expansion more than any other industry. Within the sector, the ONS said the output of computer programming, consultancy and related activities which would include AI companies surged by 3.7 on the quarter, on top of a 3.8 rise in the previous quarter. Since becoming prime minister in July, Andy Burnham has made AI a Cabinetlevel priority. His team has signalled a shift away from the previous government39;s U.S.centric approach towards greater emphasis on British ownership, tech sovereignty and protecting workers from disruption. U.S. data has also pointed to AI39;s growing impact on the world39;s largest economy. ONS investment data on Thursday offered more evidence of an AI impact. Spending on plant and machinery across the economy has grown strongly this year, rising to 22.1 billion 29.8 billion in the second quarter within a whisker of a oneoff record high hit in early 2022 caused by the timing of tax breaks. An ONS spokesperson said the most recent strong reading reflected ICT equipment, particularly computer hardware as... https://www.gurutrade.com/news/ai-boom-is-starting-to-show-in-uk-economy-s-performance-1786651898.html Thu, 13 Aug 2026 03:50:16 +0300 https://www.gurutrade.com/news/jubilant-sees-popeyes-as-2nd-engine-alongside-domino-s-1786627052.html Popeyes emerges as second growth engine, CEO says Domino39;s dinein recovery gains traction Jubilant confident of returning to 57 samestore sales growth Aug 13 Reuters India39;s Jubilant FoodWorks said on Thursday its Popeyes fried chicken chain is emerging as a second growth engine, while efforts to revive dinein traffic at Domino39;s Pizza are beginning to show early signs of success. The operator of Domino39;s Pizza in India reported a 6 rise in firstquarter profit earlier in the day, helped by growth in its core business and continued store expansion. Analysts had pointed to improving demand trends heading into the quarter, with Jefferies expecting samestore sales growth to improve sequentially. Chief Executive Sameer Khetarpal said Popeyes39; more than 40 likeforlike sales growth was being driven by product innovation, differentiated flavours and strong execution on store openings. Popeyes definitely has become a second growth engine, Khetarpal said on a postearnings call, adding that the company sees significant room for further growth. Jubilant FoodWorks has said it aims to build Popeyes into a 10billionrupee brand over the next three to four years. Khetarpal also said the company was increasingly directing capital towards expanding Domino39;s and Popeyes outlets after largely completing major supplychain investments in recent years. DOMINO39;S TURNAROUND The company is making progress in reviving dinein and takeaway sales at Domino39;s, which have... https://www.gurutrade.com/news/jubilant-sees-popeyes-as-2nd-engine-alongside-domino-s-1786627052.html Thu, 13 Aug 2026 03:30:44 +0300 https://www.gurutrade.com/news/india-s-goods-trade-deficit-hits-6-month-high-on-import-rise-1786630253.html July goods deficit widens to 31.98 bln from 30.43 bln in June July goods exports rise to 44.24 bln from June39;s 40.41 billion Imports rise to 76.22 billion from 70.84 billion in June Shipping disruptions, high freight rates hit exporters39; margins NEW DELHI, Aug 13 Reuters India39;s merchandise trade deficit widened more than expected to a sixmonth high of 31.98 billion in July, as the Middle East war drove up the country39;s oil import bill and global freight rates. The data underscores the growing pressure on India39;s external balance, as a wider trade gap weighs on the rupee and capital inflows. A Reuters poll of economists expected the merchandise trade deficit in July at 30.20 billion. It stood at 30.43 billion in June. Imports rose to 76.22 billion against 70.84 billion in June, driven by a rise in crude oil prices and surging imports of electronics goods and gold, data released by the trade ministry showed. Imports of electronics goods, including chips, rose more than 44 yearonyear in July to 14.37 billion, and gold imports climbed nearly 5 to 4.16 billion. Oil imports stood at 18.31 billion in July against 19.33 billion in June, reflecting higher global crude prices, data showed. Goods exports hit a record high of 44.24 billion for July, surpassing the previous July peak of 38.34 billion in 2022, while they were 40.41 billion in June. Exports of petroleum products, electronics and engineering goods have grown strongly so far this fiscal year, while... https://www.gurutrade.com/news/india-s-goods-trade-deficit-hits-6-month-high-on-import-rise-1786630253.html Thu, 13 Aug 2026 03:10:18 +0300 https://www.gurutrade.com/news/pound-holds-ground-as-sun-and-soccer-boost-uk-confidence-1786647564.html LONDON, Aug 13 Reuters The pound held steady on Thursday and remained on track for a third weekly gain as burgeoning confidence in the UK economy was reinforced by data that showed growth unexpectedly picked up in June. Money markets show traders still expect one rate rise from the Bank of England this year, and Thursday39;s economic data did little to shift that. The Office for National Statistics said UK gross domestic product rose by 0.3 during the month, putting Britain on course for the strongest growth among the Group of Seven rich economies in the first half of 2026, after being flat in May. Households and businesses enjoyed some respite from high energy prices caused by the Iran war in June, while the start of the men39;s soccer World Cup and hot weather helped boost overall economic activity. Sterling was last unchanged on the day against the dollar at 1.349 and against the euro , which traded at 0.8547. Although growth was modest, it was mostly the product of consumer spending and business investment, rather than government spending, which could prove encouraging for investors, Jeremy Stretch, who is head of G10 FX strategy at CIBC Capital Markets, said. Putting your head under the bonnet of the UK economy suggests that the momentum is perhaps a little more robust and a little more dynamic than we might have assumed, he said. Next week brings a raft of inflation data that could be more influential in setting expectations for BoE monetary policy.... https://www.gurutrade.com/news/pound-holds-ground-as-sun-and-soccer-boost-uk-confidence-1786647564.html Thu, 13 Aug 2026 02:50:31 +0300 https://www.gurutrade.com/news/ecb-set-to-deliver-final-rate-hike-in-shortest-cycle-since-2011-1786710856.html BENGALURU, Aug 13 Reuters The European Central Bank will raise interest rates once more next month, as high energy prices push inflation further from the bank39;s 2 target, and then keep policy unchanged through at least the middle of 2027, according to a Reuters poll published on Thursday. What was initially expected to be a brief U.S.Iran conflict has entered its sixth month with no end in sight, keeping oil prices around 25 above prewar levels and lifting euro zone inflation to 2.9 last month. The central bank delivered one hike in June but paused last month while signalling another rate increase was coming. History shows the ECB has never stopped at a single rate increase and the combination of resilient economic activity, persistent price pressures and volatile energy markets strengthens the case for another move. An 83 majority of respondents, 57 of 69, in the August 1013 Reuters poll expected the ECB to raise its deposit rate by a quarter point to 2.50 in September. That compares with 72 before the July meeting and about 65 in June. The longer oil prices stay at these levels, the higher they go, the greater the risk we see secondround effects developing. The ECB can39;t do anything about the secondround effects without seeing them but they can act early which is what the ECB has been doing, said George Buckley, chief European economist at Nomura. The risk is if the ECB did just one it would look like a finetuning exercise which everyone knows you can39;t... https://www.gurutrade.com/news/ecb-set-to-deliver-final-rate-hike-in-shortest-cycle-since-2011-1786710856.html Thu, 13 Aug 2026 02:10:11 +0300 https://www.gurutrade.com/news/lenovo-s-q1-revenue-jumps-43-on-ai-infrastructure-boom-1786653019.html Lenovo shares surge to record as revenue beats forecasts AI drives growth of world39;s largest computer maker Swings to 609 million net loss attributable to shareholders BANGALOREBEIJING, Aug 13 Reuters China39;s Lenovo Group reported a 43 jump in quarterly revenue on Thursday, beating forecasts to drive shares up as much as 22, as the world39;s largest computer maker rides an AI hardware boom and benefits from a global memory chip shortage. Lenovo39;s revenue rose to 26.94 billion in the three months ended June 30, beating analyst expectations of 22.3 billion, as the consumer electronics hardware giant benefited from artificial intelligencedriven demand and solid PC sales. It was the group39;s highest quarterly revenue growth in the last five years, as AIrelated revenue grew 60 on the year to 9.3 billion, making up 35 of total revenue in its fiscal first quarter. SUCCESSFULLY TACKLED SUPPLY SHORTAGES, COST INCREASES We accurately anticipated supply shortages and cost increases of memory chips, and addressed it successfully, Chief Executive Yang Yuanqing told Reuters. He attributed the success to the firm39;s scale, resilient global supply chains and diversified memory supply from China, South Korea and the United States. I39;m very confident in sustaining this growth momentum and driving long term profitability, he said, adding that Lenovo is on track to reach revenue of 100 billion this fiscal year. The company swung to a net loss attributable to... https://www.gurutrade.com/news/lenovo-s-q1-revenue-jumps-43-on-ai-infrastructure-boom-1786653019.html Thu, 13 Aug 2026 12:50:19 +0300 https://www.gurutrade.com/news/kiwimoore-plans-hong-kong-ipo-at-2b-valuation-sources-say-1786652292.html BEIJINGHONG KONG, Aug 12 Reuters Chinese chip designer Kiwimoore has confidentially filed for a Hong Kong initial public offering, targeting a valuation of about 2 billion, said two people with knowledge of the matter. Kiwimoore did not respond to a Reuters request for comment. The sources declined to be named because the information was confidential. Here are the details Kiwimoore plans to list in Hong Kong in the first half of 2027, the sources said. The company raised about 700 million yuan 103.79 million in a July funding round with a valuation of 8 billion yuan, said one of the people. Kiwimoore has tapped CITIC Securities and ABC International to lead its Hong Kong IPO, said the sources. The two banks did not respond to Reuters requests for comment. Founded in early 2021, Shanghaibased Kiwimoore makes networking technology used to link artificialintelligence accelerators inside computing clusters, the company39;s website said. The company has positioned itself to capitalise on Beijing39;s push to build a selfsufficient AI chip supply chain after the U.S. restricted exports of advanced technologies, including chips, to China. 1 6.7446 Chinese yuan renminbi Reporting by Ziyi Tang in Beijing and Kane Wu in Hong Kong; Editing by Kate Mayberry Source Reuters https://www.gurutrade.com/news/kiwimoore-plans-hong-kong-ipo-at-2b-valuation-sources-say-1786652292.html Thu, 13 Aug 2026 12:30:56 +0300