BHP Billiton (BHP.N): In the short term, we expect copper demand to be met through an increasing mix of primary and scrap copper supply.

BHP Billiton (BHP.N): In the medium to long term, traditional copper demand is expected to remain stable, while the general trend of decarbonization is expected to boost demand.

BHP Billiton (BHP.N): It still forecasts the total iron ore output of Western Australia for the whole year to be 280 million to 290 million tons.

BHP Billiton (BHP.N): Demand for commodities in developed countries has slowed sharply due to the impact of policies to fight inflation.

Faraday Future (FFIE.O) posted a net loss of $125 million in the second quarter, compared with a net loss of $142 million a year earlier. As of the end of the second quarter, total cash was $17.89 million and total current assets were $106 million. FF reiterated its goal to achieve business profitability in 2025, with operating cash flow breaking even.

Kenvue will replace Advance Auto Parts in the S&P 500 Index, and the adjustment will take effect before the market opens on August 25.

New Zealand said the ASEAN/Australia Free Trade Agreement had been upgraded.

Russia says its military intercepted two Ukrainian drones that crashed into the Black Sea.

ARM: The declaration and payout of any future dividends will be at the discretion of the Board of Directors.

ARM: FY2023 gross margin is 96%, operating margin is 25%.

ARM: No dividends are currently planned, and the company currently has no debt.

Market news: Charles Schwab (SCHW.N) will save $500 million by closing offices and cutting jobs.

Wedbush: Amazon (AMZN.O) was added to the list of top investment advice as its growth trend stabilized.

The U.S. dollar against the Swiss franc USD/CHF fell by 0.50% on the day and is now at 0.8779.

Hang Seng Index futures closed up 0.36% in night trading, at 17680 points, 57 points above water.

President of the Brazilian Senate: The goal is to implement tax reform by the end of the year.

[Institutional analysis: Oil prices fell due to increased spare capacity, and concerns about economic weakness continued to restrain oil prices] WTI crude oil futures closed down 0.7% at $80.72/barrel, and Brent crude oil futures fell 0.5% to about $84/barrel. StratasAdvisors, an energy consultancy, said: "Although OPEC+ cut supply has led to a shortage of supply and established a price floor for Brent crude oil of around US$80/barrel, the production cuts have also resulted in nearly 6 million barrels/day of idle capacity. Therefore, If crude prices start to rise, some OPEC+ producers will likely increase supply, which will put downward pressure on oil prices." The agency added that concerns about a weak global economy were a continuing "repressive" factor for oil prices.

Speaker of the Brazilian Chamber of Deputies: If we cannot raise taxes, we must cut spending.

Speaker of the Brazilian Chamber of Deputies: We seek to reach a consensus with the Senate on tax reform.