Lvde Xiebo said it plans to apply for an initial public offering of overseas-listed shares (H shares) and for listing on the Main Board of the Hong Kong Stock Exchange.

The U.S. dollar index rose 0.25% to 99.165 at the New York close. EUR/USD 1.1651, down from 1.1674; GBP/USD 1.3592, down from 1.3646. USD/JPY 159.40, up from 159.22; USD/CHF 0.8055, up from 0.8020; USD/CAD 1.3878, up from 1.3830; USD/SEK 9.5329, up from 9.4659.

Ofgem said on Wednesday the household energy price cap will rise 4% to £1,723 from Oct 1, the highest level since January 2024, as Middle East conflict pushes gas and power wholesale prices higher. Energy UK analysis shows household energy arrears have reached £6 bln year-to-date and could hit £7 bln by end-December; the energy minister said Tuesday extra support is being considered. Since late February, after the outbreak of war in Iran disrupted supplies, near-month UK gas futures have roughly doubled and corresponding power contracts have risen about 70%. The Bank of England is monitoring energy prices; July CPI rose 2.9% YoY, largely driven by a 13% uplift in the household energy cap that month.