Energy crisis
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Commodities & Energy
China yuan nears highest level in 3.5 years at 6.7076 as exports surge and inflation beats forecasts
The Chinese yuan hit its strongest value since early 2023, supported by accelerating exports and higher-than-expected producer prices. Meanwhile, European gas futures reached a three-year high amid escalating Middle East tensions.
Commodities & Energy
Japan's Nikkei Index fell 0.19% amid Middle East energy tensions and rising oil prices
Asian markets closed in mixed sessions as geopolitical risks from the Middle East overshadowed domestic economic signals, pushing investor sentiment lower.
Economy
African Development Bank approves $5.1 billion fund to counter energy and fertilizer shocks
The African Development Bank approved a new framework on September 1, 2026, providing up to $5.1 billion in loans and concessional funding to protect African nations from global commodity disruptions.
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Central Banks
Eurozone Central Bank Raises Interest Rate to 2.5% on Thursday
Business
Brazil cuts fuel taxes and introduces diesel subsidies without new fiscal space
Business
Oil prices hit $US100.87 per barrel amid US-Iran conflict escalation
Business