
Bitcoin Jumps Above $85,000 to 8-Month High
The flagship cryptocurrency continued its red-hot rebound, and was up over 30% since Aug. 19 and is holding firmly above the $80,000 level that had proved a stubborn cap in recent weeks.
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The flagship cryptocurrency continued its red-hot rebound, and was up over 30% since Aug. 19 and is holding firmly above the $80,000 level that had proved a stubborn cap in recent weeks.

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng agree to set up a U.S.-China AI dialogue for security incidents, as markets count down to this week's crucial Trump-Xi summit in Washington.

Novo shares sink as the Danish drugmaker, which makes weight-loss drug Wegovy, unveils its 2030 strategy with CEO Mike Doustdar saying they need to further diversify the company.

U.S. Treasury Secretary Scott Bessent and the Chinese Vice Premier He Lifeng agree to set up a “U.S.-China AI dialogue” for security incidents from artificial intelligence. This comes in the lead-up to this week's Trump-Xi summit in Washington.

Global government bond yields fell as oil prices moved lower, helped by tentatively improving risk sentiment over central banks' commitments to bring inflation back to target and growing oil flow through the Hormuz Strait.

Treasury yields were lower on Monday following last week's interest rate bonanza.

South Korea appears the most directly exposed to the pipeline's shutdown, with Saudi crude accounting for 34.1% of its crude imports in July. A significant volume of Asia-bound crude previously transiting Hormuz pre-war had been shifted to the now-closed pipeline, experts say.

Morgan Stanley's Investment Management's (MSIM's) climate-focused private equity strategy has led a €49 million ($56.22 million) Series E funding round in Amber Electric to finance its expansion across Europe, the US company said on Monday.

The CME's FedWatch tool currently shows a better than even chance of a further hike at next month's meeting and a 44% chance of a hike in December. In an inflationary environment, the 10-year yield usually needs to rise above NGDP growth to kill the inflation.

Natural gas price surges are likely to feed into euro zone inflation faster than in the past but will have a smaller impact on electricity costs given the rise of renewable production, the European Central Bank said in an Economic Bulletin on Monday.

Saudi oil exports recover and ease supply fears, but Hormuz constraints and Qatar LNG disruptions persist as WTI and Brent test key support.

Crude oil futures slide as Saudi exports recover through Hormuz, but diesel tightness and refinery outages keep a floor under the market.

Trading house Trafigura said on Monday it had launched Volare Shipping, which would own and operate 14 supertankers, adding that it plans to sell shares in the business before listing it on the Norwegian stock exchange next month.

US President Donald Trump told Fox News he would "probably" be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York this week. Oil dropped for a fourth day, with Brent set for the longest losing run since June, as traders focus on diplomatic efforts to end the US-Iran war.

Oil extends losses and Asian stocks edge higher as crude and LNG shipments through the Strait of Hormuz reach a six-month high. The yen faces pressure after the Bank of Japan disappoints.