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South Korean Won: BoK front-loading hikes as KRW consolidates – Commerzbank
Commerzbank’s Charlie Lay reports the Bank of Korea has delivered back-to-back 25bp hikes to 3.0%, front-loading tightening as growth and core inflation forecasts rise. The bank signals one more hike over six months but may pause to assess effects.Fxstreet
Fri, Aug 28
Cryptocurrencies
Kevin Warsh said rates could rise this year if inflation does not cool enough
Trump-appointed Federal Reserve Chairman Kevin Warsh made clear during his Friday appearance at Jackson Hole that interest rates could get hiked this year if inflation refuses to settle down fast enough. Kevin said summer inflation figures came in cooler than expected, but that was not enough to show the bigger trend had changed. “While this...Cryptopolitan
Fri, Aug 28
Cryptocurrencies
Avici token sinks 39% as hackers drain up to $1 million from Solana neobank
Avici, a neobank built on the Solana blockchain, is investigating a security breach that emptied user funds on August 28. Anything from $600,000 to more than $1 million may have been lost, per initial reports. Avici’s AVICI token lost roughly 39% of its value in a single day following the hack. How much was lost...Cryptopolitan
Fri, Aug 28
Economic Indicator
Malaysian Ringgit: BNM seen on steady policy path – DBS
DBS Group strategists Taimur Baig and Nathan Chow expect Bank Negara Malaysia (BNM) to keep its Overnight Policy Rate unchanged at 2.75% on September 3, maintaining the stance adopted after its July 2025 insurance cut.Fxstreet
Fri, Aug 28
Cryptocurrencies
Trump administration drafts rule to close China's remote chip loophole
The Trump administration is preparing a rule that would stop Chinese companies from renting American AI chips through data centers in other countries. This is a channel that the current US export controls do not cover currently. Who is writing the rule and when will it land? The Commerce Department’s Bureau of Industry and Security...Cryptopolitan
Fri, Aug 28
Stocks
Noah Holdings Limited Announces Changes to the Board and Board Committees
SINGAPORE, Aug. 29, 2026 /PRNewswire/ -- Noah Holdings Limited(the "Company" or "Noah") (NYSE:NOAHand HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global...PR Newswire
Fri, Aug 28
Forex
Mexican Peso tumbles as Warsh embarks on inflation fight
The Mexican Peso depreciates against the US Dollar on Friday, down by over 0.42% on hawkish remarks by Fed Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price in a potential rate hike in 2026, a tailwind for the Greenback.
Fxstreet
Fri, Aug 28
Cryptocurrencies
Google commits to adjust 'parasite SEO' policy to avoid EU regulators fine
Google (NASDAQ: GOOG) has announced that it will end manual search penalties under its “parasite SEO” rules throughout Europe on August 30. The announcement is supposed to put an end to a European Commission inquiry that threatened Google with a fine of almost 10% of Google’s global revenue. Manual demotions come to a halt throughout...Cryptopolitan
Fri, Aug 28
Market Movers
Ciena Corp Stock (CIEN) Closed Down by 5.35% on Aug 28: What Investors Need To Know
• Ciena shares dropped from profit-taking and strategic portfolio adjustments before earnings. • Supply chain component shortages continue to restrict maximum hardware delivery capacity. • Technical indicators show a sell signal alongside reduced near-term media attention.
TradingKey
Fri, Aug 28
Market Movers
Biontech SE Stock (BNTX) Closed Down by 8.37% on Aug 28: What Signal Does It Send?
• BioNTech and Genentech terminated their Phase 2 autogene cevumeran colorectal cancer trial. • The independent Data Safety Monitoring Board concluded the trial lacked clinical efficacy. • BioNTech reports $3.33B in annual revenue and a net profit of $-1.32B.
TradingKey
Fri, Aug 28
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