PowerChina says new-type power grid will be a core growth pillar as 2026 — the opening year of China’s 15th Five-Year Plan — sees national "six networks" annual investment exceed 7 tln yuan. The company will prioritize water and energy businesses and shift resources to strategic emerging industries. Over the 15th FYP PowerChina aims to keep water+energy investment at or above 65% and have strategic-emerging businesses account for at least 70% of incremental investment. For 2026 water projects th

Turkey has frozen assets linked to executives at multiple investment firms and expanded a probe into a fund-industry crisis that has already produced failed redemptions, arrests and a sharp stock-market sell-off. The justice minister said the measures target executives connected to Tera Yatirim Menkul Degerler and Pusula Finansi and include restrictions on asset transfers by board members, signatories and certain relatives; transfers require prosecutor approval. The action follows last week’s failure by several asset managers to meet redemption requests, which prompted regulators to order liquidation of 131 funds managed by seven firms; authorities have opened proceedings against 25 people, with 15 detained and 10 at large.

Minneapolis Fed President Kashkari said U.S. inflation remains too high and that pressures have spread beyond the oil-price shock from the Iran war into multiple sectors. He said consumers’ inflation experience is not just about fuel and that services are showing inflationary signs. Kashkari reiterated the Fed’s duty to return inflation to target and said the central bank has the tools to do so. He was one of three dissenters in July’s decision to hold rates, having favored a hike and warning that delay could entrench inflation and require more aggressive tightening. He added the U.S. economy and labor market remain resilient despite geopolitical and trade pressures and said he hopes fading conflict effects and stronger growth will speed disinflation and ease Fed policy pressure.