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According to the Wall Street Journal, Japanese self-driving startup Turing plans to set up an office in the United States, aiming for a $10 billion IPO valuation.

2026-08-12

According to the Wall Street Journal, Japanese self-driving startup Turing plans to set up an office in the United States, aiming for a $10 billion IPO valuation.

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2026-08-12

China International Capital Co says the two narratives that had pressured gold are unraveling: global liquidity is not in a sustained tightening cycle and de-dollarization remains active. US disinflation and slower growth support a move toward easier

China International Capital Co says the two narratives that had pressured gold are unraveling: global liquidity is not in a sustained tightening cycle and de-dollarization remains active. US disinflation and slower growth support a move toward easier policy, while Fed rhetoric looks hawkish but policy actions are effectively dovish; Fed reform could open space for future rate cuts. Dollar balance-sheet reduction would help restore dollar credibility in principle but faces heavy market and political constraints, and structural erosion of dollar Credit from high debt, deficits and policy uncertainty is hard to reverse. Global central bank net gold purchases rebounded to 289 tonnes in Q2, up 62% YoY and a Q2 record, signaling entrenched dollar concerns and continued reserve-diversification demand for gold. With looser global liquidity reducing upward pressure on real rates and the dollar, gold should regain support from both liquidity and reserve diversification. The firm judges the gold bull market is intact, the reallocation window after the recent correction is open, and recommends maintaining an overweight in gold.
2026-08-11

BDI fell 37 pts (1.2%) to 3,046, a five-day low, as capesize and supramax rates retreated, offsetting a tenth consecutive daily rise in panamax rates. The capesize index (BCI) dropped 104 pts (2.04%) to 5,001; capesize average daily earnings fell $94

BDI fell 37 pts (1.2%) to 3,046, a five-day low, as capesize and supramax rates retreated, offsetting a tenth consecutive daily rise in panamax rates. The capesize index (BCI) dropped 104 pts (2.04%) to 5,001; capesize average daily earnings fell $941 to $41,856. The panamax index (BPI) rose 6 pts (0.26%) to 2,312, its highest since June 2 and marking a 10th straight gain; panamax daily Earnings increased $58 to $20,813. The supramax index (BSI) slid 3 pts (0.19%) to 1,600, the lowest since June 8.
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