Intel’s $15 billion equity offering — its first public share sale since its 1971 IPO — will fund AI chip production, advanced packaging and foundry expansion, with underwriters able to add $2.25 billion more.
Posted inMarkets
TSMC July Revenue Jumps 44.7% to Record $14.5 Billion as AI Demand Accelerates
TSMC posted July revenue of $14.5 billion, up 44.7% year-on-year, pushing cumulative 2026 revenue 37% higher and prompting the company to raise its full-year growth forecast above 40%.
Posted inEconomy
Washington’s 50% Canada Tariffs Take Effect August 19, Covering 550 Product Lines
Three presidential proclamations signed July 20 impose 50% duties on over 550 Canadian product lines from August 19, with no USMCA exemption and no expiry date.
Posted inGeopolitics
Iran and Oman Fix Hormuz Coordinates but Tehran Demands More From Washington
Iran and Oman agreed on geographic coordinates for Strait of Hormuz shipping lanes, but Tehran says the deal alone cannot reopen the waterway without further US concessions.
Posted inWorld
Bangladesh Monsoon Floods Kill 59 and Strand More Than a Million
Record monsoon rains killed at least 59 people across seven districts in Bangladesh, stranding over 1.28 million and hammering Rohingya camps in Cox’s Bazar.
Posted inTech
Apple Tests Chinese CXMT Memory Chips for iPhones as Senate Warns Against the Move
Apple is evaluating DRAM from China’s CXMT for use in iPhones and MacBooks, according to reports from August 9, while bipartisan US senators warn against sourcing chips from Chinese suppliers.
Posted inMarkets
Brent Rises Above $84 as Iran Demands Sanctions Relief Before Hormuz Can Reopen
Brent crude climbed past $84 a barrel on August 10 as Iran’s foreign minister ruled out any Strait of Hormuz deal without US sanctions relief and war reparations, keeping a risk premium in oil prices.
Posted inEconomy
BOJ Board Splits on Rate Pace as One Member Calls for Faster Hikes Than Markets Expect
The Bank of Japan’s July meeting summary, released August 10, shows one board member arguing the pace of rate hikes could exceed market expectations as core inflation nears 2%.
Posted inGeopolitics
Senate Passes Russia Sanctions Bill 86-11, Targeting Oil Buyers in China and India
The US Senate voted 86-11 on August 7 to pass sweeping Russia energy sanctions named after the late Lindsey Graham, authorising 100% tariffs on countries buying Russian oil.
Posted inWorld
Houthi Missiles Kill Seven at Yemen’s Port of al-Makha
Iran-backed Houthi forces struck Yemen’s Red Sea port of al-Makha on August 10 with missiles and drones, killing seven and wounding thirty in a second barrage within 24 hours.