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SpaceXAI Unveils Grok Bot with Multi-Agent Capabilities for Enterprise Workplace Tasks
According to Bloomberg, SpaceXAI unveiled Grok Bot yesterday (August 11), a workplace tool that uses multiple AI agents to log into apps, remember earlier tasks, and share context across workflows. The company said Grok Bot is already deployed internally across engineering, growth, and marketing teams, with the sales team using it to find accounts and draft emails, and the finance team using it to extract receipts from email. SpaceXAI is offering Grok Bot to businesses through enterprise plans w
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Galaxy Entertainment Posts HK$5.3B Profit in H1 2026, Up 1% YoY
According to Smart Finance, Galaxy Entertainment (00027) released its interim results for H1 2026 on August 12. Net revenue reached HK$24.2 billion, up 4% year-over-year, while shareholders' profit totaled HK$5.3 billion, up 1% year-over-year. Adjusted EBITDA was HK$7 billion, up 1% year-over-year. The company declared a mid-year dividend of HK$0.90 per share.
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Mianbi AI Launches A-Share IPO Guidance, Raises Over 50 Billion Yuan in H1 2026
According to Beating monitoring, Mianbi AI officially launched A-share IPO guidance with China International Capital Corporation (CITIC) as sponsor. The company is currently in the guidance stage and has not yet entered the filing phase. Mianbi AI specializes in edge-side large language models deployed directly on devices like smartphones, automobiles, PCs and robots. Its flagship MiniCPM series has been downloaded over 38 million times and is already integrated into production vehicles from Cha
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Three KOSDAQ Stocks Surge Over 50% as KOSPI Slumps on AI Selloff
According to Chosun Biz and Korean financial media, HLB, SPG, and Peptron each surged more than 50% on KOSDAQ over the past month, contrasting sharply with the main KOSPI index, which fell 22% in July amid a global AI-driven semiconductor selloff. HLB rallied after FDA approval of a manufacturing facility for its cancer drug rivoceranib on July 15, triggering a 30% single-day surge. SPG, a motor and precision-reducer maker, is gaining on its push into humanoid robot actuators, with IBK Securitie
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Bitwise Cuts Staff by 14%, Reducing Headcount from 180 to 155 Employees Amid Crypto Market Downturn
According to Cointelegraph, asset management firm Bitwise laid off approximately 14% of its workforce amid the crypto market downturn, reducing employee headcount from 180 to about 155 people.
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Australian Home Construction Takes Longer, Costs Rise as Government Struggles to Meet 1.2M Target by 2029
Houses and apartments across Australia are taking longer to build and becoming more expensive to complete, according to builders and analysts. The trend undermines the government's commitment to deliver 1.2 million new homes by 2029.
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Trump-Backed Candidates Sweep 15 Primary Elections Across 6 U.S. States
Trump-backed candidates won all 15 primary contests they were endorsed in today (August 12) across six U.S. states: Alabama, Connecticut, Minnesota, Wisconsin, Vermont, and South Carolina. In South Carolina's Senate race, Trump's endorsed candidate, the sister of late Senator Lindsey Graham, failed to secure over 50% of votes in a crowded field and will compete in a runoff on August 25.
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Brazil's Itaú Unibanco Partners OpenAssets to Test Tokenized Bonds and Funds on August 12
According to CoinDesk, Brazil's largest bank Itaú Unibanco partnered with tokenization company OpenAssets on August 12 to test the issuance, trading, and settlement of tokenized fixed-income securities and investment funds. The pilot is led by ANBIMA, the Brazilian financial and capital markets association. Itaú, with assets exceeding $562 billion, is Latin America's largest bank and has previously participated in Brazil's central bank Drex pilot.
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Bitcoin Rally Driven by Futures Market, Spot Demand Remains Negative: CryptoQuant CEO
According to CryptoQuant CEO Ki Young Ju, Bitcoin's current rally is primarily driven by the futures market. While open interest continues to rise, on-chain spot demand remains in net negative growth, suggesting the sustainable strength of the price increase depends on underlying spot buying pressure.
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China Bright Greenergy Environmental Protection Distributes HK 2.9 Cents Per Share Interim Dividend on October 13
According to announcement, China Bright Greenergy Environmental Protection Limited (01257) will distribute interim dividend of HK 2.9 cents per share on October 13, 2026.
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KOSPI Rises 1.8% While KOSDAQ Falls Over 1% Today as Earnings Drive Stock Divergence
Today, August 12, South Korea's KOSPI index rose 1.8% while KOSDAQ declined over 1%, driven by divergent earnings results rather than broad market sentiment. PearlAbyss plunged 14% after missing Q2 earnings and cutting its full-year guidance by 10 billion won. Conversely, JW Pharmaceutical jumped on solid Q2 results and Phase 3 success in its gout drug, while Cosmaxco gained 15% following analyst upgrades.
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China Everbright Green Environmental Everbright Environmental Mid-Year Profit Reaches HK$195M, Up 2%
According to Chinabank Everbright Green Environmental, the company reported mid-year 2026 results on August 12 with revenue of approximately HK$3.492 billion, up 3% year-over-year. Equity shareholders' profit reached approximately HK$195 million, representing a 2% increase. Earnings per share stood at 9.46 Hong Kong cents, with an interim dividend of 2.9 cents per share. The company attributed profit growth to cost optimization across its biomass utilization, hazardous waste disposal, and enviro
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Global Youth Unemployment Increased in 2025 Amid Economic Slowdown, ILO Warns
According to the International Labour Organization, global youth unemployment rose in 2025 as weaker economic growth, geopolitical tensions, and sluggish job creation made it harder for young people to find work. The ILO also warned that artificial intelligence could further intensify labor market pressures on youth employment.
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TruEst Upgrades Best Buy to Outperform, Raises Target to $95 Amid AI Device Boom
According to TruEst analyst Scott Ciccarelli, Best Buy (NYSE: BBY) has been upgraded to outperform from neutral, with the price target raised to $95 from $81. Ciccarelli noted that Best Buy stands to benefit from the widespread adoption of AI-enabled consumer electronics, including smartphones, PCs, and televisions. As AI features rapidly penetrate these product categories, consumer replacement demand is expected to expand, the analyst said, adding that Best Buy's broad retail distribution netwo
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Silicon Tube Stock Surges 14.6% as of 13:01 on August 12, Trading Volume Hits 204.3 Billion Won
According to a Twitter post, Silicon Tube stock surged 14.6% as of 13:01 on August 12, with trading volume reaching 204.3 billion Korean won.
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Tesla Recalls 20,000 Model 3 and Model Y Vehicles Over Low-Beam Headlight Defect
Tesla recalled 20,000 Model 3 and Model Y vehicles on August 12 due to low-beam headlights that violate federal brightness standards, according to reports. The defect affects the vehicles' compliance with U.S. safety regulations.
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South Korea's Interbank Rates Rise on August 12, 12-Month Koribor Hits 3.65%
According to Yonhapinfomax, South Korea's interbank offered rates (Koribor) released on August 12 showed increases across most tenors. The 12-month rate rose 0.01% to 3.65%, while the 3-month, 6-month, and 2-month rates also climbed 0.01% to 3.01%, 3.27%, and 2.91%, respectively. The 1-month rate stood at 2.83% and the 1-week rate at 2.75%.
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South Korean 30-Year Government Bond Yield Hits Record High of 4.728% on August 12
According to Seoul bond market data, South Korean government bond yields rose on August 12 morning. The 3-year benchmark yield climbed 0.2 basis points to 3.799%, while the 10-year yield increased 0.4 basis points to 4.299%. The 30-year yield rose 1.3 basis points to 4.670%, reaching a fresh all-time high of 4.728% earlier in the session. Foreign investors net-sold 6,213 contracts of 3-year futures and 56 contracts of 10-year futures. Market participants attributed weakness in long-duration bond
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Foreign Investors Shift $1.7B to Taiwan Stocks, Pull $6.2B from Korea in August
According to Bloomberg, foreign investors have net purchased $1.7 billion in Taiwan equities while net selling $6.2 billion in South Korean stocks so far in August. Taiwan's weighted index rose 55.1% year-to-date versus South Korea's KOSPI at 46.2% as of August 10. Investors favor Taiwan's diversified IT supply chain spanning foundries, smartphones, and networking equipment over South Korea's memory chip concentration, viewing it as offering more stable returns with lower leverage dependency. Ta
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CGN New Energy Reports 1,635.6GWh Generation in July, Down 5.5% Year-on-Year
According to China General Nuclear Power Group (CGN New Energy), in July 2026, the group completed 1,635.6GWh of electricity generation, down 5.5% year-on-year on a consolidated basis. Wind power output in China declined 11.3%, solar projects fell 1.2%, gas-fired projects decreased 36.3%, hydropower dropped 5.4%, while Korean operations increased 7.3%. For the first seven months of 2026 through July 31, CGN New Energy accumulated 10,942.9GWh in generation, down 2.7% compared with the same period
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