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Singapore fund GIC buys 25% stake in Spain broadband venture
Vodafone Spain to gain 1.4 bln euros from joint ventureMasOrange to hold 58%, Vodafone Spain 17% in new companyZegona shares hit record high on Vodafone Spain news Aug 4 (Reuters) - Singapore's sovereign wealth fund GIC will acquire a 25% stake in a Spanish fibre optic broadband venture betwe...Reuters
Mon, Aug 4
Swiss Stocks Erase Year's Gains in a Day After Trump's 39% Tariff Shock
TradingKey - The Swiss stock market faced a decline on Monday as investors reacted strongly to U.S. President Donald Trump's announcement over the weekend of a 39% tariff on Switzerland. The market index hit a low of 11,665 points during the day, almost erasing this year's gains.TradingKey
Mon, Aug 4
Nonfarm Payrolls Spark a Treasury Short Squeeze — Steepener ‘Pain Trade’ Becomes the Winning Bet
TradingKey - The July U.S. jobs report and the sudden resignation of Federal Reserve Governor Adriana Kugler triggered a dramatic shift in bond market sentiment, fueling a massive short squeeze in U.S. Treasuries. On Friday, August 1, the 2-year Treasury yield plunged 28 basis points — the largestTradingKey
Mon, Aug 4
Berkshire’s Q2 Profit Plunges 59% — Warns of Tariff Risks, Cash Reserves Fall for First Time in Three Years
TradingKey - Berkshire Hathaway, the conglomerate led by Warren Buffett, released its second-quarter 2025 earnings report, with net income plummeting to $12.37 billion, a 59% year-over-year decline — the steepest drop in recent years.
TradingKey
Mon, Aug 4
OPEC+ Finalizes Major September Supply Hike; 1.66M Barrel Reserve Capacity Hangs Over Market
TradingKey - OPEC+ announced on Sunday that it will significantly increase oil production by 547,000 barrels per day (bpd) in September, marking the full and early reversal of the group's largest production cut plan. This decision comes alongside a separate production increase of approximately 2.5..TradingKey
Mon, Aug 4
Japan's Mitsubishi Q1 profit down 43%, beats expectations
TOKYO, Aug 4 (Reuters) - Japanese trading house Mitsubishi 8058.T on Monday posted a net profit of 203.1 billion yen ($1.4 billion) in the three months to June 30, down 43% from a year ago but beating analysts' forecasts.An LSEG poll of analysts had expected the company to post 180.3 billion yen...Reuters
Mon, Aug 4
What the July Jobs Report Reveals: Record Downward Revisions Stoke Recession Fears
TradingKey - The release of the U.S. July nonfarm payrolls report on Friday, August 1 has shattered the narrative of a resilient labor market — so severely that President Donald Trump fired the head of the Bureau of Labor Statistics (BLS) within hours. With payroll growth slowing sharply and priorTradingKey
Mon, Aug 4
METALS-Copper gains as weaker dollar lends support
By Brijesh Patel Aug 4 (Reuters) - Copper prices rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a Federal Reserve interest rate cut in September.Three-month copper on the London Metal Exchange CMCU3 was up 0.5% at $9,673 per metric ton, as of ...Reuters
Mon, Aug 4
Hybio Pharma Surges 20% After Announcing RWA Token Partnership with KuCoin
On Monday, August 4, Chinese pharmaceutical firm Hybio Pharma (SHE: 300199) saw its stock skyrocket 20% intraday, hitting the daily limit before settling around +18%, following news of a strategic partnership with KuCoin, the world’s 9th-largest crypto exchange.TradingKey
Mon, Aug 4
India's IOC buys 7 million barrels US, Mideast crude after Russian oil pause
SINGAPORE/NEW DELHI, Aug 4 (Reuters) - Indian Oil Corp (IOC) IOC.NS, the country's top refiner, has bought 7 million barrels of September-arrival crude from the United States, Canada and the Middle East via a tender, several trade sources said on Monday.IOC's large spot crude purchase comes ...
Reuters
Mon, Aug 4
EUR/JPY strengthens to near 171.00 amid uncertainty about timing of BoJ's next rate hike
The EUR/JPY cross gains momentum to near 171.00 during the Asian trading hours on Monday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid reduced Bank of Japan (BoJ) rate hike expectations and political uncertainty in Japan.
Fxstreet
Mon, Aug 4
Gold price edges lower amid modest USD uptick; September Fed rate cut bets limit losses
Gold price (XAU/USD) pulls back from the $3,369 region, or over a one-week top touched during the Asian session on Monday, and for now, seems to have stalled last week's goodish recovery move from a one-month low.
Fxstreet
Mon, Aug 4
South Korean banks are preparing to enter the crypto and stablecoin market
South Korea’s leading banks are eyeing faster entry into the crypto and stablecoin markets. The announcement comes as executives around the crypto industry predict upcoming laws at the national level will pave the way for mass issuance of stablecoins and other digital asset services.Cryptopolitan
Mon, Aug 4
Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says
TOKYO, Aug 4 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the government is ready to compile an extra budget to cushion the economic blow from U.S. tariffs, a move that would add strain to the country's already worsening finances.Reuters
Mon, Aug 4
Trump Fires BLS Head After Jobs Report — Is America’s Data “Gold Standard” at Risk?
TradingKey - In a move that has sent shockwaves through the economic and political establishment, President Donald Trump ordered the dismissal of Erika McEntarfer, Commissioner of the U.S. Bureau of Labor Statistics (BLS), just hours after the release of the July nonfarm payrolls report on FridayTradingKey
Mon, Aug 4
