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On November 3, Times Electric stated on its interactive platform that its power semiconductor business has been supplying Valeo with large quantities of products exported to overseas markets, and it is actively expanding its reach to other customers; its electric drive business has also established its first overseas base in Indonesia and is actively developing overseas market projects through joint venture automotive companies; its new energy power generation business is developing more efficient, reliable, cost-effective, and locally adapted new energy converter products to meet the needs and characteristics of overseas markets; and its marine engineering equipment business is primarily sold overseas.November 3rd - Swiss inflation unexpectedly slowed to near zero, putting pressure on the central bank to take measures to address the strong Swiss franc and boost price growth. Data showed that the October CPI rose 0.1% year-on-year, lower than the previous months 0.2% and also below market expectations of 0.3%. A pressing issue facing the Swiss National Bank (SNB) is that the francs safe-haven status has pushed it to near its highest level in a decade, a strength that could potentially curb inflation by lowering import costs. Core inflation also unexpectedly slowed last month, falling from 0.7% to 0.5%. The latest data will likely frustrate SNB President Schlegel and other officials, who had predicted inflation would accelerate by the end of this year and early 2026. The failure of price growth to recover from the lower end of the 0-2% target range will further complicate policymakers task in the face of a strong Swiss franc. The SNB could choose to intervene in the foreign exchange market, which would inflate its balance sheet and anger the US, or implement negative interest rates, but this could harm the financial system.Rating agency KBW lowered its price target for Berkshire Hathaway (BRK.AN) from $700,000 to $695,000.On November 3rd, Hanma Technology announced that in October 2025, its total vehicle sales reached 1,345 units, and its total vehicle production reached 1,288 units. From January to October, cumulative vehicle sales for the year reached 10,797 units, a year-on-year increase of 45.63%. Among them, electric medium and heavy-duty trucks sold 1,209 units this month, a year-on-year increase of 325.70%; cumulative sales from January to October reached 8,499 units, a year-on-year increase of 131.27%.InvestingLive, a US financial website, commented on Switzerlands October CPI: The data deviated significantly from expectations. These figures should not have a major impact, as the Swiss National Bank has ended its easing cycle, and there must be sufficient justification for restarting negative interest rate policies.

Crude Oil Supplies in the United States Grow After the Release of Strategic Reserves

Aria Thomas

Apr 14, 2022 09:30

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"The significant increase in crude oil inventories is certainly the most significant factor," said John Kilduff, a New York-based partner at Again Capital LLC. "However, the concurrent declines in gasoline and distillate fuels countered any negative input from the crude data."


The US will release 180 million barrels from its reserves over the next six months in an attempt to cool soaring oil prices caused by a supply shortage caused by Russia's invasion of Ukraine in February. Russia is the world's second biggest exporter, after only Saudi Arabia, with daily crude exports ranging between 4 and 5 million barrels.


Analyst estimates vary, but the shortage is expected to be between 1 and 3 million barrels per day. The United States' output is increasing, but not quickly enough to offset all of those losses. The US Energy Information Administration projected Tuesday that the United States' production would increase by 820,000 barrels per day to 12.01 million bpd in 2022.


Gasoline inventories in the United States declined by 3.6 million barrels, contrary to estimates for a 388,000-barrel decline.


Stockpiles of distillate fuel, which includes diesel and heating oil, decreased by 2.9 million barrels to 111.4 million barrels, the lowest level since 2014.


Diesel and jet fuel inventories have been declining as a result of robust international demand and stable economic activity. This week, product exports increased to a record 6.8 million barrels per day.


Crude oil refinery runs decreased by 425,000 barrels per day, while refinery utilization rates decreased by 2.5 percentage points to 90% of total capacity.

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