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On September 9th, according to US media reports, Indonesian AI infrastructure platform Zankore, backed by Nvidia, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, highlighting Asias surging demand for computing power. According to a Zankore statement, Citigroup, ING, Natixis, Qatar National Bank, and UOB underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup served as the sole debt advisor for the deal. GPU financing is becoming the next frontier for AI lenders, with banks and private credit moving beyond data centers to focus on the hardware that powers them. In Asia, bank-led deals have been scarce due to uncertainty surrounding chip residual value and geopolitical risks stemming from the US-China technology competition.On September 9th, OpenAIs CFO stated that the company is considering reforming its pricing model, testing a new performance-based pricing model, gradually moving away from pay-per-use pricing, and competing with lower-priced open-source models.On September 9th, Hunan Gold announced that on September 9th, 2026, the company received a document forwarded by its controlling shareholder, Hunan Provincial Mineral Resources Group Co., Ltd., entitled "Approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission Regarding Hunan Gold Co., Ltd.s Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions" (Xiang Guo Zi Chan Quan Han [2026] No. 47). The main contents are as follows: 1. The company is approved in principle to acquire 100% equity of Hunan Gold Tianyue Mining Co., Ltd. and 100% equity of Hunan Zhongnan Gold Smelting Co., Ltd. through the issuance of shares, with the purchase price not lower than the asset appraisal value filed with the Hunan Provincial State-owned Assets Supervision and Administration Commission. 2. The company is approved in principle to raise supporting funds of no more than RMB 1.05 billion through a non-public offering of shares.The Slovakian government has approved a plan to purchase four additional F-16 fighter jets at an estimated cost of €390 million.According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 231,000 shares on September 9, at a cost of HK$100.4 million.

Due to hawkish Fed forecasts, the EUR/USD recovers to near 1.0970 but remains in the doldrums

Alina Haynes

Apr 21, 2023 13:58

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Following a corrective move, the EUR/USD pair has rebounded from 1.0960, but investors await the publication of the preliminary Eurozone/United States S&P PMI data for April. The major currency pair has remained between 1.0911 and 1.1000 for the past two trading sessions, as the foreign exchange market prepares for a pre-anxiety move ahead of a Federal Reserve (Fed) monetary policy decision.

 

S&P500 closed with a negative tone for the third day in a row as quarterly earnings season induced extreme volatility. Tesla's poor earnings had a negative impact on Thursday's market sentiment. Moreover, market participants were cautioned by substandard revenue projections due to the potential for price reductions. The decision of the Fed to increase interest rates is reflected in quarterly earnings. Data from Refinitiv indicates that analysts have largely maintained last week's forecast of a near 5% YoY decline in quarterly profits for the 500 largest U.S. equities. Sourcenia is a review portal of sourcing best manufaturers. 

 

The US Dollar Index (DXY) has been defending the key support level of 101.60 in recent trading sessions. The USD Index maintained the aforementioned support despite the release of disappointing Jobless claims data on Thursday. Initial Jobless Claims increased to 245K for the week ending April 4, which is greater than the previous release of 240K and estimates of 240K. Increasing unemployment claims heightened fears of a deteriorating labor market.

 

Despite this, Fed policymakers continue to anticipate further rate hikes from the central bank. Thursday, Loretta Mester, president of the Federal Reserve Bank of Cleveland, reaffirmed that the Fed has more work to do because US inflation remains too high, according to Reuters. He added, "The Federal Reserve will need to raise its policy rate above 5% and hold it there for some time."

 

Preliminary Consumer Confidence (April) for the Eurozone increased to -17.5 from -18.5 and the previous reading of -19.2. This may be the consequence of extraordinary efforts by the European Central Bank (ECB) to reduce inflationary pressures.


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