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Aug 28 — Iran’s Islamic Revolutionary Guard Corps Navy said US claims the Strait of Hormuz is open are false and intended to influence oil prices and mask failure. The IRGC said its control of the strategic waterway is absolute and ordered that any v

2026-08-29

Aug 28 — Iran’s Islamic Revolutionary Guard Corps Navy said US claims the Strait of Hormuz is open are false and intended to influence oil prices and mask failure. The IRGC said its control of the strategic waterway is absolute and ordered that any vessel attempting to transit without coordination with Iran will not be permitted. The navy said the restriction will remain in place until US military actions against Iran end and the US fulfills its obligations.

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2026-08-29

Chengdu aims to raise service-sector value added annual growth to above 5% and expand sector scale past 2 trillion yuan by 2030, positioning services as the city’s main growth engine. The plan prioritizes four production-oriented service clusters—tec

Chengdu aims to raise service-sector value added annual growth to above 5% and expand sector scale past 2 trillion yuan by 2030, positioning services as the city’s main growth engine. The plan prioritizes four production-oriented service clusters—technology services, software and information, business services and low‑carbon/environmental services—and four consumer service clusters—specialty retail, cultural/sports/tourism, healthcare and household services—backed by modern finance, modern logistics and platform economy. Authorities plan to cultivate more than ten service clusters each exceeding 100 billion yuan and develop 46 emerging tracks including token services and the automotive aftermarket. Spatial strategy follows a “one‑core, two‑zone, three‑axis, N‑point” layout to guide future infrastructure and industrial zoning.
2026-08-29

Deutsche Bank economists expect the Fed to raise rates by 25bp in both September and December. Fed Chair Kevin Warsh’s Jackson Hole remarks stressed the need to bring inflation back to a 2% target and send a clearly hawkish signal. Deutsche Bank says

Deutsche Bank economists expect the Fed to raise rates by 25bp in both September and December. Fed Chair Kevin Warsh’s Jackson Hole remarks stressed the need to bring inflation back to a 2% target and send a clearly hawkish signal. Deutsche Bank says the threshold to avoid a September 25bp hike is high unless incoming data are “significantly weaker than expected.” Markets repriced rapidly: CME shows probability of cumulative 50bp+ by December rose to 51% from 29% a day earlier; probability of only 25bp total is 38% and of no change is 11%. Bets on a September hike firmed after Warsh’s speech.
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