U.S. regulators have again postponed a rule requiring hedge funds to disclose certain financial details. The measure is designed to give agencies insight into hedge funds' financial positions during periods of market stress.
Bloomberg reports that this postponement marks the fourth delay for the disclosure requirements intended to increase transparency for market oversight.
In a White House interview cited by Jin10, Trump said the Strait of Hormuz saw heavy traffic overnight, with an average of about 30 ships crossing the route and a large amount of oil moving through the strait.
He added that he may take military action against Iran and noted that U.S. interest rates are currently too high.
During the remarks, he also expressed respect for Federal Reserve Chair Kevin Warsh.
Wallstreetcn reported that, at the New York close on Monday, August 31, the Bloomberg Grains Index slipped 0.29% to 35.3385, leaving August up 13.72% after trading near the 31-point level from August 3–11 and forming an intra-month bottom before turning higher.
CBOT corn futures rose 15.84% to $5.3750 per bushel, CBOT wheat futures advanced 18.49% to $7.7525 per bushel, and CBOT soybeans climbed 8.44% to $12.8775 per bushel; soybean meal gained 7.55% and soybean oil rose 6.81%.
On the downside, CBOT lean hog futures declined 1.38%, live cattle futures fell 6.62%, and feeder cattle futures dropped 5.58%.
According to Wallstreetcn, ICE raw sugar futures rose 21.35% in August, ICE Arabica coffee futures rose 3.84%, while coffee \"C\" futures declined 0.21%.
New York cocoa futures climbed 22.25% to $6,768 per ton, Chicago WCE double-low rapeseed futures gained 5.69%, and ICE cotton futures advanced 13.67%.
Axios reports that Interior Secretary Doug Burgum said in a Monday interview that President Trump personally asked Apple to rename Lake Ontario to 'Lake America' on Apple Maps.
The request came after Google changed the lake's name for U.S. users on Saturday, affecting both mobile and desktop platforms.
According to Wallstreetcn, Chevron, Indian Oil and Natural Gas Corp., Eni, GE Vernova, and GeoPark are close to finalizing energy agreements with Venezuela. The prospective deals are expected to boost oil production and exports while advancing a range of new energy projects aligned with the South American nation's revised oil and gas law.
A Wells Fargo analyst, Timna Tanners, says Canada’s retaliatory tariffs on US steel and aluminum are largely symbolic, according to Bloomberg.
The ongoing dispute has already made American metals more costly to import.
Legend Strategy International Holdings (1680) released its interim results for the six months ended June 30, the first since the company exited the satellite casino business at the end of last year.
The company said it was no longer affected by impairment related to the satellite casino business, according to Ming Pao.
Shareholders’ loss narrowed to HK$136 million from HK$1.43 billion a year earlier, and no interim dividend was declared, unchanged from the same period last year.
Wallstreetcn reported that on Monday, August 31, the FTSE/JSE Africa Top 40 tradable index slipped 1.73%, placing it below the 109,000-point threshold after a 5.33% advance in August.
During the same period, spot gold rose 9.30% for August, while the South African rand strengthened 2.47% against the U.S. dollar to 16.1152 per dollar.
Bloomberg reported that Wells Fargo equity research analyst Timna Tanners warned that the rally in steel prices may be nearing its peak, arguing that elevated prices could attract imports and encounter pressure from new domestic capacity.
She added that Canada’s looming counter-tariffs are largely symbolic, and that Nucor and Steel Dynamics could outperform if steel prices retreat.