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On October 23rd, Changling Hydraulics announced that its third-quarter revenue was 285 million yuan, a year-on-year increase of 37.08%, and its net profit was 44.7125 million yuan, a year-on-year increase of 72.70%. For the first three quarters, its revenue was 750 million yuan, a year-on-year increase of 10.50%, and its net profit was 110 million yuan, a year-on-year increase of 20.51%.On October 23, Livzon Pharmaceutical released its results for the first three quarters of 2025 on the Hong Kong Stock Exchange. The group achieved operating income of 9.116 billion yuan, a year-on-year increase of 0.38%; net profit attributable to shareholders of the company was 1.754 billion yuan, a year-on-year increase of 4.86%; basic earnings per share was 1.96 yuan.According to CNBC: Starbucks (SBUX.O) employees united will launch a strike authorization vote this Friday.According to Sky News: Google (GOOG.O) has agreed to invest in a financial instrument that is convertible into equity in THG Ingenuity, with a valuation of 750 million pounds or more.Ping An Good Doctor (01833.HK) announced on October 23rd that its operating performance grew steadily in the first three quarters, with total revenue reaching 3.725 billion yuan, a year-on-year increase of 13.6%. Adjusted net profit reached 216 million yuan, a year-on-year increase of 45.7%. Revenue from its consumer and business-to-business (B2B) healthcare businesses increased by 21.5% year-on-year, serving over 4,500 corporate clients during the period. The companys strategy of "stabilizing growth and improving quality and efficiency" has further demonstrated its effectiveness.

Global Markets Slump As The US Bans Russian Oil, Gold Rises

Aria Thomas

Apr 01, 2022 10:19

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The US imposes a ban on Russian oil

President Joe Biden of the United States put a ban on Russian oil and gas imports on Tuesday, ratcheting up the pressure on Vladimir Putin after his invasion of Ukraine late last month.


The UK likewise made a similar action, announcing that it will begin reducing its imports of Russian oil and associated items. By the end of the year, Britain is projected to have phased out all Russia-related oil imports.


According to one analyst, a ban on Russian oil by the EU would be a significant blow.

While the US and UK actions are substantial, one geopolitical risk expert told Reuters that the EU ban would be the most severe blow to Russia.


According to the researcher, Europe is "relatively reliant on Russian energy supply," and a complete exit from the alliance would mean economic devastation for the nation.


However, as President Biden emphasized, the choices are not free as energy prices continue to rise and everyday people feel the pinch at the pump.


The news of the Russian oil ban boosted oil prices, with worldwide benchmark Brent crude reaching highs of more than $131 per barrel.


The West Texas Intermediate (WTI) crude oil price increased more than 7% in response to Biden's remarks, breaking beyond the $130 per barrel barrier. However, the US benchmark's surge to a 13-year high was short-lived, with the market closing at roughly $123 a barrel.

Gold continues its run, as nickel reaches $100,000 per ton.

Gold prices surged to session highs earlier in the afternoon as investors sought refuge in the precious metal. Due to the widespread risk-off mentality, spot gold increased more than 3% to $2,069.89 per ounce. Gold reached an all-time high of $2,072.50 in August 2020.


In other market news, nickel prices reached $100,000 a ton on Tuesday, prompting the London Metal Exchange (LME) to stop trading due to claims of short-covering by one of the world's biggest nickel producers.

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