SpaceX and Pentagon Discuss Data-Center Deal
SpaceX discusses a major Pentagon data center deal, leveraging Starlink for secure, distributed military computing. Crucial for global real-time data & AI.
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Market Open · Tuesday, July 28, 2026
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Malaysia's Data Center Boom Has Hit a Power Constraint — And TNB's Grid Capex Response Is the Trade the Market Missed
Johor's data center concentration has exceeded regional grid capacity, and Tenaga Nasional's committed capex to resolve it is a multi-year utility repricing.
India's PLI 2.0 for EV Cells Has Delivered Its First Deliverables — Ola, Reliance and Exide Are Now Shipping Domestically Made Cells
The second-generation production-linked incentive framework for advanced chemistry cells has moved past the announcement phase, and domestic cell shipments have crossed a threshold that materially changes the sourcing map.
Nigeria's FX Reform Has Reached Its Endpoint — The CBN's Dollar Backlog Is Cleared and the Naira Is Now Trading Cleanly
The two-year effort to unwind the multiple exchange rate system and clear the accumulated dollar demand backlog has concluded, and the naira is now finding a clean market-clearing price.
Mexico's Nearshoring Wave Has Moved Into Tier-Two Supplier Buildout — And the Bajio Corridor Is Where the Second-Order Investment Is Landing
The initial nearshoring wave delivered anchor OEM commitments. The second wave — tier-two component supplier investment — is now landing at scale in the Bajio corridor.
Colombia's Local-Currency Debt Has Returned to Foreign Portfolio Buyers — Petro Fiscal Discipline Has Been Better Than Priced
The peso-denominated TES market that lost foreign real-money participation in 2022 has quietly seen those buyers return, and the fiscal underperformance the market feared has not materialized.
Saudi Aramco's Chinese Refining JVs Have Reached Full Contribution — Downstream Integration Has Landed the Margin Capture the Upstream Story Missed
The Fujian and Panjin joint ventures have completed ramp, and Aramco's captive Chinese refining throughput is now generating the downstream margin the market underpriced.
Egypt's IMF Program Has Passed Its Sixth Review Cleanly — And the Currency Stability the Structural Reformers Promised Has Held
The Extended Fund Facility that was supposed to fail politically has instead delivered — the sixth review is clean, the pound is stable, and the state divestment agenda is on track.