EUR/USD
1.16047
0.144%
Gold
4424.42
0.831%
Oil
88.385
-0.820%
USD/JPY
157.320
-0.873%
GBP/USD
1.34880
0.020%
GBP/JPY
212.198
-0.855%
Real-time News
September 3 – Korea Electric Power Corporation (KEPCO) is in talks with Samsung Electronics and SK Hynix regarding a multi-billion dollar prepayment plan for electricity bills to raise funds for the construction of the power grid needed for a new semiconductor industry cluster. Under the current proposal, Samsung Electronics will prepay 20 trillion won, and SK Hynix will prepay 5 trillion won, totaling 25 trillion won, roughly equivalent to electricity bills for the next five years. KEPCO stated in a press release, “The large-scale prepayment system is a mechanism for companies urgently needing to expand their power grid and KEPCO, which needs investment funds, to mutually meet their needs. Specific details, including the prepayment amount and coverage period, have not yet been finalized.”Xiyin-W (00625.HK) fell more than 10% on its third day of trading.September 3 – German Chancellor Merz will meet with European Central Bank (ECB) officials in Berlin next week. The ECB will hold its interest rate decision meeting in Berlin, amidst rising speculation about ECB President Lagardes future. Sources indicate that Merz will attend a formal dinner hosted by the German central bank on Tuesday, followed by a two-day ECB monetary policy meeting in Berlin. The ECB holds its annual interest rate meeting outside its Frankfurt headquarters in a Eurozone country, with each member state hosting the meeting on a rotating basis. This meeting is expected to see a 25 basis point rate hike. Merz will use this opportunity to discuss Germanys improving economic outlook with ECB officials, but the meeting comes at a time of uncertainty surrounding Lagardes future leadership of the ECB. Lagarde has hinted that she may not complete her term, which ends in October 2027, and the World Economic Forum (WEF) is seeking to invite her to become its next president. Meanwhile, the Merz government is weighing whether to nominate Bundesbank President Nagel to succeed Lagarde.September 3 – According to the Emirates News Agency, UAE President Al Nahyan received a phone call from US President Donald Trump. During the call, Al Nahyan and Trump discussed cooperation between the UAE and the US in various fields, and how to further strengthen bilateral relations to safeguard common interests. They also exchanged views on a range of issues of common concern, particularly developments in the Middle East and efforts to address these situations.Broadcoms shares, listed in Frankfurt, fell 2% after the company missed its fourth-quarter revenue forecast.
