News

Sources say Alibaba plans to seek revenue sharing for its next-generation open-source 1000 Questions AI model.

According to the Financial Times, Washington's sale of euros late last week to boost the yen caught the European Central Bank off guard, with the US only informing the ECB after the currency intervention had taken place.

The price of near-month natural gas contracts in the Netherlands rose 5% to €58.57 per megawatt-hour.

The yield on Japan's 20-year government bonds rose 2.0 basis points to 3.660%.

Australia's S&P/ASX 200 index opened down 33.30 points, or 0.36%, at 9238.30 on Friday, August 7.

Japan's foreign exchange reserves stood at $1,287.1 billion in July, compared with $1,287.5 billion in the previous month.

Japan's Ministry of Finance: It conducted three currency intervention actions in April and May, buying yen.

Japan's Ministry of Finance: The largest single-day foreign exchange market intervention in the April-June quarter occurred on April 30, with an intervention amount of 6.2787 trillion yen.

US President Trump: (Regarding the Strait of Hormuz) Progress is going well.

Japan's total household spending fell 6.4% month-on-month in June, compared with a forecast of -3.1% and a previous reading of 3.7%.

Japan's total household spending in June fell 3.3% year-on-year, compared to a forecast of 1.00% and a previous reading of -0.40%.

Federal Reserve's Mussalim: Amidst energy market volatility, I am focused on core inflation.

Federal Reserve's Mussaleam: I see no conditions that could shake the dollar's status as the primary reserve currency.

Federal Reserve Chairman Mohamed Mussaleem: The United States remains the fastest growing and most innovative economy, with an effective rule of law.

Federal Reserve Chairman Mossallem: The Fed needs to make optimal decisions, but should not be swayed by the market.

Federal Reserve Chairman Mussalem: Ignore political noise and focus on the central bank's mission.

Federal Reserve's Mussaleam: The labor market appears to be performing strongly.

Federal Reserve's Mussalim: El Niño weather events could bring new supply shocks.

Federal Reserve Chairman Mussalem: We warmly welcome the Federal Reserve working group.

Federal Reserve's Mussaleam: The labor market is not a driver of inflation.