News

According to NBC News: U.S. Defense Secretary Hergsays is considering running for president in 2028.

US President Trump criticized New York Governor Hoher for "taking Canada's side," refusing to use the name "American Lake," and "preferring Canada to win," while strongly supporting Blackman as the next governor of New York.

Fitch affirmed France's rating at 'A+'; outlook is stable.

Rosneft: Oil and gas condensate production in the first half of the year was 89.8 million tons, or 3.69 million barrels per day.

Sources indicate that Chevron (CVX.N) is close to finalizing negotiations to integrate its joint venture project in Venezuela into the country's new oil policy framework. Chevron is also in talks in Venezuela to expand relevant blocks of its existing projects.

According to SEC filings, Boeing (BA.N) has revised its five-year credit agreement commitments for 2023, totaling $3 billion, expiring on August 24, 2029; and its revised five-year credit agreement commitments for 2024, totaling $4 billion, expiring on May 15, 2030.

According to filings with the U.S. Securities and Exchange Commission, Boeing's (BA.N) new 364-day revolving credit agreement will expire on August 23, 2027, and can convert the borrowings into term loans; the agreement requires the company to maintain at least $5 billion in liquidity.

According to filings with the U.S. Securities and Exchange Commission, Boeing (BA.N) signed a new $3 billion, 364-day revolving credit agreement on August 24 to replace the original $3 billion, 364-day revolving credit agreement that expired that day.

Iranian Foreign Minister Araqchi: The United States and Israel are powerless to deal with Iranian missiles.

IMF Managing Director Kristalina Georgieva: The strength of the dollar reflects the robustness of the US economy.

US President Trump denied reports that he went to the Pentagon instead of the World Trade Center memorial ceremony in New York because it is customary not to have political figures speak at the ceremony, and criticized New York Times reporter Maggie Haberman for fabricating the news.

IMF Managing Director Kristalina Georgieva: Federal Reserve Chairman Walsh has performed an excellent job and expressed his views clearly.

The Iranian Revolutionary Guard stated that the US officials' statement that the Strait of Hormuz remains "open" is a blatant lie, with the sole purpose of manipulating oil prices and covering up their own failures.

Federal Reserve: U.S. bank deposits totaled $19.532 trillion last week, compared with $19.534 trillion the previous week.

S&P: Disruptions in the Strait of Hormuz are expected to lead to higher energy prices and have a moderate impact on the Portuguese economy in 2026.

S&P affirmed Portugal's 'A+/A-1' rating; outlook remains positive due to strong economic growth.

Iranian President Peskov stated, "We mentioned in government meetings that we promised to increase subsidies based on the rate of currency appreciation, but we failed to deliver. We feel ashamed towards the people for this, and the reason is clear: the country's balance of payments is unbalanced. We must control demand. When we cannot export goods, we have no foreign exchange earnings. In this situation, if demand is not controlled, insufficient foreign exchange supply coupled with strong demand will cause the exchange rate to rise continuously, ultimately leading to demand-driven pricing. We have already curbed demand to some extent, but there is still a significant gap between supply and demand. Part of the reason is also political factors—the exchange rate immediately rose when the US announced it would tighten its blockade; and then it fell back when Oman sent representatives to negotiate. Raising oil prices rashly would create difficulties for the people. We shouldn't supply (fuel) at the current price, but people have become accustomed to this level, and we shouldn't disrupt their lives."

The Dow Jones Industrial Average closed down 10.10 points, or 0.02%, at 53,559.34 on Friday, August 28; the S&P 500 closed down 19.52 points, or 0.25%, at 7,711.47; and the Nasdaq Composite closed down 138.93 points, or 0.52%, at 26,402.42 on Friday, August 28.

Deutsche Bank: Expects the Federal Reserve to raise interest rates in September and December.

According to the Daily Telegraph, the United States may reconsider its position on the UK's sovereignty claim over the Falkland Islands if Britain does not increase its defense spending.