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Real-time News
On September 1st, Westpac Bank predicted that the Reserve Bank of New Zealand (RBNZ) would raise interest rates by 25 basis points to 2.75% on September 2nd, a prediction consistent with market expectations. The bank anticipates that the RBNZs policy forecasts will suggest a year-end rate of 3%, with a peak potentially approaching 3.3%. Regarding a potential further rate hike in October, the bank expects the RBNZ to signal a data-dependent outcome. Unless the RBNZ deviates from Westpacs expected "data-dependent" framework in its statements about October policy action, the potential for a sharp market reaction is limited. The bank believes the probability of a hawkish surprise, an upward revision of the neutral rate assumption, or a clearer signal of consecutive rate hikes in October and December is only 10% to 15%; similarly, the probability of a dovish surprise suggesting a pause in rate hikes before December is also 10% to 15%. This implies that the risks around the baseline scenario are roughly symmetrical, with no significant bias.South Korea plans to expand government spending to a record high next year, funding an artificial intelligence investment program and channeling over 160 trillion won ($117 billion) in unexpected tax revenue from the semiconductor industry into a new fund. The Ministry of Planning and Budget announced on Tuesday that the government proposes fiscal spending of 820.9 trillion won in 2027, a 12.8% increase from this years budget. This is a record high, surpassing the 10.6% increase in 2009 and the 9.1% increase during the pandemic in 2020. At the heart of the plan is a new "Futures Response Fund." Instead of channeling all unexpected tax revenue increases into annual spending, the government will allocate tax revenue exceeding long-term fiscal revenue trends to this fund. The South Korean government expects to allocate 162.3 trillion won to the fund, primarily reflecting the anticipated increase in domestic tax revenue exceeding the trend levels of the past 10 years.According to Futures News on September 1st, 2026, Chinas LNG supply in August was 5.01 billion cubic meters, an increase of 1.2% month-on-month and a decrease of 9.4% year-on-year. With the increase in imported LNG tanker shipments exceeding the decrease in domestic LNG production, the LNG supply showed an increasing trend this month. Domestic LNG production in August was 3.84 billion cubic meters, averaging 124 million cubic meters per day, a decrease of 0.8% month-on-month and an increase of 2.3% year-on-year. Imported LNG liquid supply in August was 1.17 billion cubic meters, an increase of 9.3% month-on-month and a decrease of 35.7% year-on-year. It is estimated that LNG liquid supply in September 2026 will be around 4.94 billion cubic meters, averaging 165 million cubic meters per day, an increase of 2.5% month-on-month; domestic LNG production in September 2026 is estimated to be around 3.85 billion cubic meters, averaging 128 million cubic meters per day, an increase of 3.2% month-on-month; and imported LNG tanker shipments in September are estimated to be around 1.09 billion cubic meters, averaging 36 million cubic meters per day, a decrease of 5.3% month-on-month.On September 1st, at a press conference for the 2026 National Cybersecurity Awareness Week, Wang Lihong, Deputy Director and First-Level Inspector of the Cybersecurity Coordination Bureau of the Cyberspace Administration of China, introduced to CCTV reporters that the field of artificial intelligence currently faces five main security risks and challenges. First, the inherent vulnerabilities of the technology are difficult to eradicate, affecting the stability and reliability of output. Second, leaps in model capabilities are disrupting traditional security paradigms, revealing the risk of extreme loss of control. Third, the rapid evolution of application forms is accelerating the iteration of security risks. Fourth, the risks of misuse, abuse, and malicious use are becoming increasingly prominent, impacting social order and ethical boundaries. Fifth, the global artificial intelligence field faces the risk of technological hegemony.September 1st - On September 1st, Leapmotor officially released its August 2026 delivery data; in August, Leapmotors global deliveries reached 103,129 units, a year-on-year increase of 80.7%.
