Fed's Paulson: core inflation "remains stubbornly high".

India's oil minister Puri said India has no plans to impose diesel export restrictions even if the US moves to curb overseas diesel shipments to ease domestic fuel prices. "We will stand by our commitments," he said, citing recent refinery expansions and ongoing capacity-boosting investment. Kpler data show India has surpassed Russia to become the world's second-largest seaborne diesel exporter year-to-date, supplying roughly 10% of seaborne diesel exports and increasingly filling global supply gaps amid disruptions elsewhere.

Domestic memory system-level test (SLT) equipment maker Oukangnuo will jointly develop a domestic memory and storage chip testing platform with CHINA'S CPU MAKER HAIGUANG. The platform will use Haiguang CPUs as the host and pair DRAM low-level test technology provided by a leading domestic memory chip maker with Oukangnuo’s self-developed domestic test system. Partners plan a formal release by year-end; the project is in final joint debugging and the product is expected to be mature and available externally by end-October.