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Gold
4329.02
0.291%
Oil
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GBP/USD
1.35076
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Real-time News
On September 11, Wang Hongzhi, Director of the National Energy Administration of China, met with Ali Shahbana, UN Under-Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), in Beijing on September 9. The two sides exchanged in-depth views on the Asia-Pacific energy transition and energy cooperation between China and ESCAP. Wang Hongzhi stated that ESCAP is the largest intergovernmental organization of the United Nations in the Asia-Pacific region. Through multi-level cooperation mechanisms such as the Asia-Pacific Energy Ministerial Forum, it has played a positive role in maintaining global energy market stability and accelerating regional energy transition. China attaches great importance to its strategic cooperation with ESCAP and will continue to support ESCAPs work and meetings in the energy sector, actively participate in and share Chinas experience in green and low-carbon development, and continuously contribute Chinese wisdom and strength to promote sustainable energy development in the Asia-Pacific region.September 11 – The Ministry of Natural Resources announced on September 11 that the 28th China International Mining Conferences "Financial Support for Mineral Exploration Breakthroughs" high-level forum was successfully held at the Tianjin Meijiang Convention and Exhibition Center on the morning of September 11. At the forum, the "Initiative for Financial Support for a New Round of Mineral Exploration Breakthroughs Strategic Action" was released, advocating for the entire industry to work together to deeply integrate financial resources into all aspects of mineral exploration breakthroughs, helping the new round of strategic action for mineral exploration breakthroughs achieve practical results and contributing to the high-quality development of the mining industry.Conservative Party leader John Polier: Tariff-free trade will help reduce inflation.On September 11, Ukraine announced it had attacked a major Russian oil refinery in the Volga region, as Kyiv intensified its attacks on Russian energy infrastructure. The Ukrainian General Staff stated that a fire had been detected at the Saratov refinery, and the extent of the damage was being assessed. Ukraine resumed attacks on Russian energy assets this week after a four-day suspension due to a US envoys visit to Moscow and Kyiv for peace talks. Since Sunday, Ukrainian officials have confirmed attacks on three refineries, two Arctic natural gas condensate processing plants, and a fuel oil terminal on the Black Sea. By targeting enemy refineries, Ukraine aims to disrupt Moscows ability to obtain funding and sustain operations. These attacks have led to a decline in Russian road fuel production, prompting the government to temporarily ban most gasoline and diesel exports.On September 11, Tardos, head of the Hungarian Debt Management Agency, stated that the decline in Hungarian long-term domestic bond yields is about halfway complete, a decline triggered by the countrys plan to converge with the Eurozone. Following Prime Minister Majols victory in the April election and his announcement of his intention to join the Eurozone, the yield on Hungarian 10-year forint bonds fell by more than 2 percentage points from its March peak. Tardos also stated that convergence with the Euro will help buffer the impact of increasingly uncertain international bond markets, whose volatility often disproportionately affects smaller emerging markets. He said that even if global turmoil pushes up costs in core markets, Hungarys convergence process could be accompanied by a significant drop in yields.
