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According to a real-time estimate released by Brown University on Monday morning local time, the war with Iran has already cost U.S. consumers an additional $100 billion in energy costs, adding about $100,000 every two minutes.

2026-09-07

According to a real-time estimate released by Brown University on Monday morning local time, the war with Iran has already cost U.S. consumers an additional $100 billion in energy costs, adding about $100,000 every two minutes.

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2026-09-08

[Turkish President Erdogan Says Turkey Will Continue to Strengthen Relations with the SCO] Turkish President Recep Tayyip Erdogan stated on the 7th that Turkey will continue to strengthen its relations with the Shanghai Cooperation Organisation (SCO)

[Turkish President Erdogan Says Turkey Will Continue to Strengthen Relations with the SCO] Turkish President Recep Tayyip Erdogan stated on the 7th that Turkey will continue to strengthen its relations with the Shanghai Cooperation Organisation (SCO). According to a press statement from the Turkish Presidential Palace, Erdogan said after a cabinet meeting that Turkey is a dialogue partner of the SCO, and "in recent years we have strengthened relations with many regional organizations, of which the SCO is particularly important." Erdogan pointed out that SCO member states account for a considerable proportion of global population and economic output, and have "enormous potential." Erdogan stated that at the "SCO+" meeting held last week in Bishkek, the capital of Kyrgyzstan, he reiterated Turkey's determination to strengthen trade with SCO member states.
2026-09-08

GF Securities says securities-sector activity is improving while profitability is increasingly concentrated among top firms. Forty-two listed brokerages reported combined operating revenue of 364.0 bln yuan in H1 2026, up 44.5% YoY, and net profit at

GF Securities says securities-sector activity is improving while profitability is increasingly concentrated among top firms. Forty-two listed brokerages reported combined operating revenue of 364.0 bln yuan in H1 2026, up 44.5% YoY, and net profit attributable to shareholders of 154.7 bln yuan, up 49.3% YoY. Q2 net profit alone was 94.0 bln yuan, up 82% YoY and 55% QoQ; quarterly credit impairment jumped 662% YoY to 4.3 bln yuan. By business line in H1, investment gains (incl. fair value) +48% YoY, brokerage +54%, net interest +52%, investment banking +24%, and asset-management net income +24%. Market turnover rose while commission rates continued to fall; product scale and mix improved and buy-side advisory accelerated transformation. Brokerage revenues for the 42 firms totaled 98.4 bln yuan, +54% YoY. New public fund issuance rose 27% YoY; 15 fund houses reported combined net profit of 11.9 bln yuan, +35% YoY. Private fund filings in the first seven months reached 709.4 bln yuan, +67% YoY. Asset-management revenue for the 42 firms was 27.3 bln yuan, +24% YoY, with clear dispersion in growth rates. Investment view: sector is undervalued and underweight positions retain defensive qualities with upside; corporate earnings recovery underpins a gradual market rebound, internationalization offers a second growth vector, and easing industry policy could provide catalysts. GF notes Q3 may see market volatility and wider broker profit dispersion; greater exposure to tech-innovation increases earnings upside potential.
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