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Sapporo Shifts Non-Alcoholic Beer to US by Mid-2027 Amid 50% Tariff
Sapporo plans to shift non-alcoholic beer production from Canada to the US by mid-2027 to dodge 50% tariffs. The move affects just 0.5% of Canadian output and remains unconfirmed.
Singtel Stock Rises as India Holdings Fuel 50% of Company Value
Singtel’s Indian holdings, including a 25-year-old stake in Airtel, now account for approximately 50% of the company’s S$73.5 billion valuation. Meyka rates the stock B with a 12-month forecast of S$5.00.
Bond Market Rout Pushes Australian 10-Year Yields to 15-Year High
Australian 10-year bond yields hit 15-year highs as global bond markets sell off sharply. Rising yields increase borrowing costs and threaten asset prices amid persistent inflation and $40 trillion US debt.
Palantir Jumps 7.7% as PwC AI Deal Defies Michael Burry’s Short
Palantir (PLTR) surged 7.7% to $182.53 on a PwC AI deal and Q2 revenue growth of 93% year-over-year, despite Michael Burry’s warning that the stock could fall below $100 billion valuation.
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.
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.
Square Enix Stock Falls 6% After Denying Privatization Rumors on September 2
Square Enix Holdings (9684.T) denies privatization rumors after stock jumped 7%. Company states it is not considering going private. Stock falls 6% on September 2 after denial.
Man Shot Dead in Merrylands West as Sydney Faces Second Mistaken Identity Killing
Man shot dead in Merrylands West, Sydney on September 2. Police investigating as possible mistaken identity shooting, the second in two days amid underworld violence.
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.