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Commonwealth Bank of Australia (CBA) said the Australian dollar slipped below 0.7050 in the Asian session after RBA assistant governor Kent delivered dovish remarks. Kent said financial conditions remain somewhat tight and that earlier three rate hik

2026-08-13

Commonwealth Bank of Australia (CBA) said the Australian dollar slipped below 0.7050 in the Asian session after RBA assistant governor Kent delivered dovish remarks. Kent said financial conditions remain somewhat tight and that earlier three rate hikes are working as expected, adding that a weakening housing market often means policy need not further slow demand. CBA FX strategist Samara Hammoud expects falling house prices will weigh on household spending and forecasts the RBA will hold rates for now and cut twice in 2027.

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2026-08-13

Sichuan published interim policies to advance compute-network construction, directing upgrades to compute-park infrastructure and urging direct connections between backbone and metro communications networks and compute parks. The province will accele

Sichuan published interim policies to advance compute-network construction, directing upgrades to compute-park infrastructure and urging direct connections between backbone and metro communications networks and compute parks. The province will accelerate a “millisecond computing” action plan, coordinate primary and backup power and support intelligent microgrids for parks. Financing for qualifying compute-park infrastructure will be prioritized via local special government bonds and policy financial tools. The plan backs shared compute services — including scheduling platforms, compute marketplaces and token factories — and aims to boost high-quality compute supply. For large-model training/inference and industry-model development, Sichuan calls for appropriately ahead-of-demand deployment of smart compute, accelerated construction of 10,000-card smart-compute clusters, and balanced allocation between general-purpose, smart and supercomputing resources to raise the smart-compute share. Key universities, research institutes, industry leaders and AI firms are encouraged to prioritize provincial compute resources; eligible users may receive compute vouchers.
2026-08-13

Maersk CEO: We will work with our partner Hapag-Lloyd to assess whether we can launch the next phase of our return to the Suez Canal.

Maersk CEO: We will work with our partner Hapag-Lloyd to assess whether we can launch the next phase of our return to the Suez Canal.
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