Economy · Important news for 8 September 2026
S&P downgrades Senegal on debt fears
China announces $54 billion injection for banks and insurers
Dangote Refinery sets IPO price in Lagos
Japan's foreign reserves drop by record $80 billion after yen intervention
Iran war drives $100 billion in extra energy costs for U.S. consumers
Turkey Trims 2027 GDP Growth Forecast Amid Economic Pressures
Japan reports faster GDP growth and highest wage rise since 1997, supporting expected BOJ rate hike
Revised second-quarter GDP data and July wage figures showing the biggest jump in nearly three decades reinforce expectations for an upcoming Bank of Japan interest-rate hike, while the Japanese yen reached a six-month high beyond the 155 per dollar level and Asian equities benefited from chip stock gains.
- Japan's second-quarter GDP grew faster than initially estimated.
- July nominal wages grew at the fastest pace since 1997.
- The yen reached a six-month high beyond the 155 per dollar level.
- South Korean chip stocks rose to support Asian equities.
Canada Set to Hit Back at US Tariffs, Risking Trade War
China Central Bank Accelerates Gold Purchases in August Despite High Prices
France’s Lescure Says Vast Effort Needed to Contain Budget Gap
That's all the important news for now
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