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Jul 03, 2026

Guangdong-Hong Kong-Macao Intelligent Computing Sees Explosive Growth: Over 15 Billion in AI Compute Orders Secured in H1

Guangdong-Hong Kong-Macao Intelligent Computing reported over 15 billion RMB in new AI compute cloud service intent orders for H1 2026, representing 35,000 PFLOPS of capacity. By end-June, more than 2 billion RMB in orders were delivered, adding 6,000 PFLOPS of operational compute. The company is actively fulfilling remaining orders.

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Jul 03, 2026

Brazil's Growth Outlook Dims: BofA Slashes 2027 GDP Forecast to 1.3%

Bank of America has significantly revised its long-term outlook for Brazil, cutting its 2027 GDP growth forecast from 2.0% to 1.3%. The adjustment signals heightened concerns over the country's structural economic challenges and future growth trajectory.

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Jul 03, 2026

Russia's Fuel Crisis: Government Slashes $2.7 Billion in June Refinery Subsidies to Boost Domestic Supply

Russia's government paid over 210 billion rubles in June to subsidize domestic oil refineries, a sixfold annual increase. This move compensates for price gaps and aims to ease severe fuel shortages, driven by refinery attacks and global market disruptions.

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Jul 03, 2026

Samsung and Other Korean Firms Deny Prior Consultation Amid OUSD Alliance Partnership Controversy

Korean media reports indicate that Samsung Electronics and other firms were surprised to find themselves listed as partners in the OUSD alliance, stating they received no prior formal consultation. The companies expressed confusion over their roles, raising questions about the alliance's transparency and membership authenticity.

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Jul 03, 2026

Japan Begins Preliminary Talks to Resume Iranian Crude Oil Imports, Signaling Potential Shift in Global Energy Trade

Japanese oil buyers have initiated preliminary discussions with Iran to resume crude oil purchases, according to industry sources. This move could signal a potential shift in global energy trade flows amid ongoing sanctions, potentially impacting supply dynamics in Asian and global markets.

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Jul 03, 2026

EUR Boosted by ECB Hawkish Stance: MUFG Analyzes Inflation Risks and Rate Hike Outlook

MUFG analysis suggests persistent inflation risks may push the ECB toward further rate hikes, supporting the euro. The report highlights ongoing energy market uncertainties as a key policy consideration.

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Jul 03, 2026

Meta's Top AI Executive Clarifies Zuckerberg's Comments: AI Progress Concerns Were Industry-Wide, Not About Meta Alone, With Major Muse Spark Update Imminent

Meta's AI chief clarified that Zuckerberg's comments on slowed AI agent development referred to industry-wide progress, not Meta specifically. He announced a major upcoming Muse Spark update, significantly boosting programming and agent capabilities for integration into Meta AI and a new API platform.

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Jul 03, 2026

India's Forex Reserves Dip to $666.93 Billion: Weekly Data Signals Mild Contraction

India's foreign exchange reserves stood at $666.93 billion as of June 26, marking a weekly decline of $5.654 billion. The slight contraction draws attention to the central bank's reserve management amid global economic shifts.

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Jul 03, 2026

CSRC Proposes Major Overhaul of Listed Companies' Refinancing Rules to Boost Market Vitality

China's securities regulator has launched a public consultation to revise key refinancing rules for listed companies, aiming to enhance market inclusivity and competitiveness. The proposed changes seek to streamline capital-raising processes and adapt to evolving market needs.

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Jul 03, 2026

Tencent Cloud Announces DeepSeek-V4 Official Version Launch in Mid-July with Direct-from-Source Model Access

Tencent Cloud announced the official DeepSeek-V4 model will launch in mid-July on its TokenHub and agent development platform. The update brings functional and performance enhancements. New pricing strategies, including peak-valley pricing, will be implemented post-launch for optimized resource allocation and service stability.

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Jul 03, 2026

Market Rotation in Focus: AI Chip Rally Cools as Bitcoin Rebounds, Signaling Potential Capital Shift

The AI semiconductor rally shows signs of cooling while Bitcoin stages a strong rebound from recent lows. This simultaneous shift suggests potential capital reallocation among risk assets, highlighting evolving market dynamics.

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Jul 03, 2026

Liandong Technology Completes $10M Acquisition to Bring Core Storage Test Equipment Tech to Domestic Market

Liandong Technology has acquired 100% of Northstar Technologies for $10 million via its Hong Kong subsidiary. The move aims to introduce core storage test equipment technology and products to the domestic market, filling a key gap in its portfolio and enhancing its integrated solution capabilities.

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Jul 03, 2026

East Money Invests 200 Million Yuan in Hard Tech: Joins Yunfeng Yuancheng's 3 Billion Yuan Private Equity Fund

East Money has invested 200 million yuan of its own capital into the Shanghai Yunfeng Yuancheng Private Equity Fund. With a target size of 3 billion yuan, the fund focuses on hard tech and emerging technologies. This financial investment aims to capture growth opportunities in cutting-edge sectors.

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Jul 03, 2026

Bulgaria Challenges EU Sanctions on Russia: PM Radev Vows to Protect National Economic Interests

Bulgarian Prime Minister Radev announced reservations on the EU's 21st sanctions package against Russia, stressing the need to protect national economic interests. While supporting Ukraine's postwar reconstruction, he rejected measures that could escalate the conflict.

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Jul 03, 2026

Meta's Cloud Strategy: Transforming Massive AI Investments into a New Profit Engine

Deutsche Bank analyzes Meta's plan to sell AI computing power as a strategy to commercialize non-core infrastructure, potentially generating up to $30 billion in new revenue by 2027 and reshaping its investment narrative.

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