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Norway’s $2.3T Wealth Fund Cuts US Treasury Holdings by $75B
Norway’s $2.3 trillion sovereign wealth fund proposes cutting US Treasury holdings by $75 billion to diversify into riskier assets and boost returns amid rising US debt concerns.
Tesla Jumps 5.4% as Cybercab Event Draws Wall Street Attention
Tesla stock rose 5.4% to $376.37 on September 3 as the company held an invite-only Cybercab event in Austin showcasing its driverless robotaxi technology. Investors are watching for details on unit economics and deployment timelines.
Yen Surges to One-Month High as BOJ Rate Hike Looms
Japanese yen strengthens to 155.28 per dollar as markets bet on BOJ rate hike. Traders weigh intervention risk while 10-year JGB yields hit 30-year high of 3%.
Dell Philanthropies Begin $250 Grants to 25M Children via Trump Accounts
Michael and Susan Dell begin distributing $250 grants to eligible children’s Trump Accounts as part of a $6.25 billion commitment. Deposits started August 31 for lower-income families.
8th Pay Commission Raises DA Hopes: Central Staff Await July 2026 Revision
8th Pay Commission consultations continue across India. Central government employees may receive up to ₹14.10 lakh in arrears and a DA hike from 60% to 63% pending July 2026 announcement.
Malaysia’s Tabung Haji Corruption Probe Widens: Ex-Minister Remanded, RM2.68B Hotel Deal Under Fire
Former Malaysian minister remanded over Tabung Haji Saudi hotel lease probe. MACC readies charges involving RM334.2 million in misappropriation and RM2.68 billion hotel investment losses.
Southbound Capital Nets HK$4.093 Billion in Hong Kong Stocks on September 2
Southbound capital recorded net purchases of HK$4.093 billion in Hong Kong stocks on September 2, with Tencent drawing over HK$1.1 billion. Mainland investors shift toward high-dividend sectors amid rising interest rates.
Amazon Drops 2.5% as FTC Sues Over $20B Ad Surcharge Scheme
FTC and 22 states sue Amazon for allegedly manipulating ad auctions with hidden surcharges costing advertisers $20 billion. Stock falls 2.5% as legal pressure mounts.
Pang Kin Keong Takes LTA Chair on September 1 After 35 Years in Public Service
Pang Kin Keong, former permanent secretary for home affairs and transport, becomes LTA chairman on September 1, 2026, replacing Alan Chan after a decade of leadership.