ByteDance has agreed to sell game developer Moonton Technology to Savvy Games Group, a unit of Saudi Arabia’s Public Investment Fund, for over $6 billion. Moonton, acquired in 2021, is known for the MOBA title Mobile Legends: Bang Bang. The divestment is seen as part of ByteDance’s push to focus more on AI, following heavy investment that weighed on profits in the fourth quarter of 2025. (Cailian Press)

MORGAN STANLEY EXPECTS BOE TO KEEP RATES UNCHANGED IN 2026 VS PRIOR FORECAST OF THREE INTEREST RATE CUTS IN APRIL AND NOVEMBER THIS YEAR AND ONE IN FEBRUARY 2027

Iran & Middle East Conflict U.S.-Israeli war on Iran enters week four; no ceasefire in sight. Strait of Hormuz: Shipping stalled; Brent crude hits $110/bbl, +40%. Markets: Investors price in higher-for-longer oil amid infrastructure damage risks. United States Tuesday: S&P Global March PMI – manufacturing 51, services 51.7. Thursday: Weekly jobless claims ~210,000; Fed public outreach meeting. Friday: University of Michigan consumer sentiment ~53.8. Energy: CERAWeek 2026 starts Monday. Corporate: Anthropic court hearing Tuesday; Pinduoduo earnings on Wednesday Markets: 10-year Treasury ~4.328%, equity pressure monitored. China Monday: Huawei spring product launch. Friday: Industrial profits Jan-Feb; watch for recovery from 0.6% growth. Forums: Boao Forum (Mar 24-27), Zhongguancun Forum (Mar 25-29), China EV 100 Forum (Mar 27-29). Earnings: Tuesday: Xiaomi Q4 – revenue +7%, net profit -26%. Thursday: Meituan, BYD; Meituan revenue ~93.1B RMB. Friday: ICBC, Construction Bank, China Merchants Bank results. Other International Highlights UK: Feb CPI Wednesday ~3.0%. Japan: "Shunto" wage Monday; Feb consumer inflation Tuesday ~1.7%. Australia: Feb inflation Wednesday ~3.8%, potential rise to 5% due to Iran. Central Banks Thursday: Mexico 7%, Norway 4%, South Africa 6.75% (expected holds). Europe: Flash PMIs Tuesday – Eurozone, France, Germany. Denmark: General election Tuesday, early call amid Greenland stance.