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On September 9th, according to US media reports, Indonesian AI infrastructure platform Zankore, backed by Nvidia, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, highlighting Asias surging demand for computing power. According to a Zankore statement, Citigroup, ING, Natixis, Qatar National Bank, and UOB underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup served as the sole debt advisor for the deal. GPU financing is becoming the next frontier for AI lenders, with banks and private credit moving beyond data centers to focus on the hardware that powers them. In Asia, bank-led deals have been scarce due to uncertainty surrounding chip residual value and geopolitical risks stemming from the US-China technology competition.On September 9th, OpenAIs CFO stated that the company is considering reforming its pricing model, testing a new performance-based pricing model, gradually moving away from pay-per-use pricing, and competing with lower-priced open-source models.On September 9th, Hunan Gold announced that on September 9th, 2026, the company received a document forwarded by its controlling shareholder, Hunan Provincial Mineral Resources Group Co., Ltd., entitled "Approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission Regarding Hunan Gold Co., Ltd.s Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions" (Xiang Guo Zi Chan Quan Han [2026] No. 47). The main contents are as follows: 1. The company is approved in principle to acquire 100% equity of Hunan Gold Tianyue Mining Co., Ltd. and 100% equity of Hunan Zhongnan Gold Smelting Co., Ltd. through the issuance of shares, with the purchase price not lower than the asset appraisal value filed with the Hunan Provincial State-owned Assets Supervision and Administration Commission. 2. The company is approved in principle to raise supporting funds of no more than RMB 1.05 billion through a non-public offering of shares.The Slovakian government has approved a plan to purchase four additional F-16 fighter jets at an estimated cost of €390 million.According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 231,000 shares on September 9, at a cost of HK$100.4 million.

USD/CHF Consolidates Around 0.9040 As Attention Shifts To US Inflation

Daniel Rogers

Apr 10, 2023 14:27

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The USD/CHF pair continues to trade lacklusterly above the crucial support level of 0.9036 in the early Tokyo session. Investors are shifting their focus to Wednesday's release of United States Consumer Price Index (CPI) data, making it difficult for the Swiss Franc to gain traction.

 

As tensions between China and Taiwan escalate, S&P500 futures have pared some of their gains. The market's anxiety has been alleviated by the increasing intensity of Chinese military exercises around Taiwan Island. In addition, concerns of a recession are likely to cause volatility in US equities.

 

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNN that the recent banking turmoil caused by the dissolution of Silicon Valley Bank (SVB) and Signature Bank has increased the likelihood of a recession in the United States.  Despite the robustness and security of the banking system, the recent turmoil in the financial system is "another weight on the scale" toward recession, he added.

 

The US Dollar Index (DXY) is protecting the 102.00 support level ahead of US Consumer Price Index (CPI) data. According to the consensus, headline inflation will fall from 6.0% to 5.2%. In addition, the headline monthly CPI would decelerate to 0.3% from 0.4% previously reported. As a consequence of oil prices remaining low in March, inflationary pressures are anticipated to become evident.

 

In contrast, the core CPI, which excludes crude and food prices, is anticipated to increase to 5.6% from 5.5%. The tenacity of inflationary pressures is maintained by the resiliency of demand for essential products, as a result of a higher labor cost index. A similar event could compel the Federal Reserve (Fed) to raise rates again at its May monetary policy meeting.

 

Regarding the Swiss Franc, Swiss markets are suspended on Easter Monday. This week, the Producer Price Index (PPI) data will have an impact on the Swiss Franc.

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