Barclays: The US-Venezuela oil deal could impact the bond recovery outlook.

As of August 28, the S&P GSCI Agricultural Spot Index had risen for 11 consecutive days, accumulating a 13.4% increase; however, it fell back 0.74% on August 31, ending the upward trend. This round of price increases was driven by real supply. Following the attacks on Black Sea shipping routes, Russian grain is being transshipped to the Baltic Sea, but alternative routes are expected to cover only about half of the shortfall. FAO data shows that global grain prices rose 3.4% month-on-month in July, with wheat rising 5.8%; however, the composite food index only rose 0.6%, while meat and dairy products declined. Therefore, this is more like a leading indicator of food inflation and cannot yet prove that full-blown inflation has resumed. The key lies in how long the Black Sea disturbances last and whether the price increases can spread from wheat to oils, meat, and the retail sector.

Sources say Chevron (CVX.N), India's Oil and Natural Gas Corporation (ONGC), Italian oil company Eni, GE Vernova, and GeoPark are moving forward with signing a final energy agreement in Venezuela.

MediaTek said Alphabet (GOOG.O), one of its long‑term AI infrastructure partners, participated in the company’s record $3.9 billion offshore convertible bond issuance.

MediaTek: Alphabet (GOOG.O), as one of the company’s long-term AI infrastructure partners, participated in a record $3.9 billion overseas convertible bond issuance.

US President Trump met with Esteves, Chairman and Senior Partner of Brazilian investment bank BTG Pactual, and the two discussed the Brazilian economy.