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US Dollar: 1. Federal Reserve – ① Milan: The economy needs a significant interest rate cut; rising unemployment is due to overly tight monetary policy. ② Bessant revealed that Trump is very likely to announce the new chairman before Christmas. Reports indicate Hassett has emerged as the frontrunner among five candidates, while others suggest there is no clear frontrunner. ③ Bessant criticized the Feds interest rate management mechanism. 2. The US fiscal years first month deficit reached $284 billion; the fiscal outlook is worrying under the shadow of a shutdown. 3. Mizuho Securities: The "Hassett effect" may put pressure on the dollar. Euro: 1. ECB Governing Council member Machlouf: We are in a favorable position regarding inflation, but we are slightly concerned about service inflation and food inflation. Pound Sterling: 1. UK Chancellor Reeves announced a 4.1% increase in the minimum wage, which may affect the UKs inflation target. 2. British media: UK Chancellor Reeves decided not to cut VAT on energy bills in the budget. 3. Sources: The UK plans to exempt London-listed companies from stamp duty for three years. Japanese Yen: 1. Japanese opposition figures: The Japanese economy is nearing its breaking point. 2. The Bank of Japan adjusts its communication methods to prepare the market for a possible rate hike as early as December. 3. Former Bank of Japan board member: The weaker yen increases the likelihood of a December rate hike. 4. Japanese opposition parties are preparing for a possible early general election. Other: 1. The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 2.25%, in line with market expectations. 2. Reserve Bank of New Zealand Governor Hawkesby: Interest rates are still more likely to fall than rise; the outlook is balanced. 3. Pakistani central bank official: Pakistan has a sound regulatory system to support the use and investment of the RMB. 4. The Central Bank of Ukraine set the official exchange rate for the hryvnia at 42.40 hryvnia to the US dollar on Wednesday, a record low.Euro Stoxx 50 futures rose 0.73%; UK FTSE 100 futures rose 0.23%; and German DAX futures rose 0.74%.November 26th - According to three sources familiar with the matter, the 28-point peace plan, backed by the United States and aimed at ending the Russia-Ukraine conflict, unveiled last week, drew upon a document Russia submitted to the Trump administration in October. The sources stated that in mid-October, following a meeting between Trump and Zelensky in Washington, the Russian side shared this document with senior U.S. officials. This document outlined Russias conditions for ending the war. This document is an unofficial communication, known in diplomatic terms as a "non-paper." The wording in the document reflects what the Russian government had previously presented at the negotiating table, including concessions that Ukraine refused to accept, such as the cession of large swathes of territory in its east. This is the first confirmation that this document was a key reference to the 28-point peace plan.On November 26th, Polish Deputy Defense Minister Zalewski met with US Department of Defense officials in Washington on the 25th local time. Following the meeting, Zalewski stated that Poland expressed reservations about some key points of the draft "28-point" plan prepared by the US government to end the Russia-Ukraine conflict. He also stated that US officials had confirmed that the clause regarding the deployment of Eurofighter jets in Poland would be removed from the draft. Previously, the full content of the draft "28-point" plan prepared by the US government to end the Russia-Ukraine conflict had been publicly released. According to this plan, NATO would not expand, would not station troops in Ukraine, and Eurofighter jets would be stationed in Poland.Vanke Enterprise (02202.HK) fell more than 5% in the afternoon.

Alibaba intends to keep listings in New York and Hong Kong

Aria Thomas

Aug 01, 2022 10:44

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Alibaba (NYSE:BABA) Group Holding Ltd said that it would attempt to maintain its New York and Hong Kong stock exchange listings after U.S. authorities placed the Chinese e-commerce behemoth on a delisting watchlist.


On Friday, the company joined more than 270 others on the U.S. Securities and Exchange Commission's list of Chinese firms that might be delisted for failing to meet auditing requirements.


The Holding Foreign Firms Accountable Act (HFCAA) intends to settle a long-running dispute over the auditing compliance of Chinese companies listed on U.S. stock exchanges.


Alibaba said on Monday that it is presently in its first "non-inspection" year since being placed to the list.


"Alibaba will continue to monitor market trends, adhere to applicable laws and regulations, and endeavor to maintain its listing status on both the New York Stock Exchange and the Hong Kong Stock Exchange," the business said in a statement to the Hong Kong exchange.


Alibaba, founded by billionaire Jack Ma, revealed last week its desire to convert its secondary listing in Hong Kong to a dual primary listing, making it easier for mainland Chinese investors to acquire its shares.


U.S. authorities have sought unrestricted access to audit operating papers of Chinese enterprises domiciled in China that are listed on the New York Stock Exchange.