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On April 3, Morningstar Information (MORN.N) released its 2024 financial report. The companys full-year revenue in 2024 was US$2.3 billion, an increase of 11.6% over the previous year; consolidated operating profit reached US$484.8 million, a year-on-year increase of 110.2%; cash flow from operating activities was US$591.6 million, a year-on-year increase of 87.0%; free cash flow reached US$448.9 million, a year-on-year increase of 127.5%. In terms of business, credit business is the main driving force for the companys revenue growth, achieving a 35.1% increase, and the adjusted operating profit margin rose to 26%, an increase of 15.9 percentage points over the previous year. In addition, in 2024, the companys investment management and consulting assets increased by 12.3% and 19.7% respectively over the previous year. At the same time, the companys investment advisory accounts achieved double-digit growth in 2024.Japanese Minister of Economy, Trade and Industry Yoji Muto: We are strongly concerned about whether the US tariff measures are in line with WTO agreements.Japanese Minister of Economy, Trade and Industry Yoji Muto: We will strongly request the United States to exempt Japan from tariff measures and set up a special working group to provide information and grasp the impact.Japanese Minister of Economy, Trade and Industry Yoji Muto: The content of (US tariffs) needs to be analyzed and the impact on the Japanese economy examined.Japanese Economy, Trade and Industry Minister Yoji Muto: We have told the United States that the new tariff announcement is "extremely regrettable."

International gold prices hit a one-month high, US inflation is high, FED has not yet eliminated internal strife

Oct 26, 2021 11:03

On Thursday (October 14), the international gold price hit a new high of US$1,797.59 per ounce since September 15. The US consumer price index rose further in September. The Fed’s decision-makers still have differences in judging the threat of high inflation. The US dollar index and US bond yields The rate continues to fall.

At GMT+8 16:42, spot gold rose 0.14% to 1,795.51 US dollars per ounce; the main COMEX gold contract rose 0.10% to 1,796.5 US dollars per ounce; the U.S. dollar index fell 0.20% to 93.834.


The US consumer price index rose by 5.4% year-on-year in September, and may strengthen further amid soaring energy prices. This may force the Fed to act as quickly as possible to normalize monetary policy.

The minutes of the Fed’s September meeting show that the Fed may begin to reduce stimulus measures in mid-November. Although more and more policymakers worry that high inflation may last longer than expected, they still have differences on how quickly they need to raise interest rates to deal with high inflation.

U.S. President Biden urged the private sector on Wednesday to help alleviate congestion in the supply chain that could disrupt the holiday season in the United States, and said that the White House plans to inspect the blocked system nationwide.

White House officials said that Americans may face price increases due to supply chain issues, and there may be vacancies in store shelves this Christmas shopping season. White House spokesperson Psaki told reporters that Biden cannot guarantee that there will be no shortages during the holiday shopping season.

Goldman Sachs Chief Operating Officer John Waldron said in an online dialogue held by the International Finance Association (IIF) on Wednesday that he believes that inflation is the number one risk that may damage the global economy and stock markets. The short-term risks to economic recovery are still from the possible long-term risks to emerging markets."

Jeffrey Halley, senior market analyst for OANDA Asia Pacific, said: "I expect the U.S. dollar and long-term interest rates will resume their climb sooner or later, while the gold rally will begin to fade as soon as possible. The 100-day and 200-day moving averages are between $1795.00 and $1800.00. I believe that this area will become a huge obstacle to further increases in (gold prices)."

According to people familiar with the matter, in the face of rising energy costs worldwide, the White House has been discussing with US oil and gas producers in recent days how to help reduce rising fuel costs.

But industry insiders said that any call from the White House to increase production may fall on deaf ears. The industry is also dissatisfied with some of President Biden’s earlier actions, including a suspension of drilling on federal land.