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The Competition Commission of India has fined Intel (INTC.O) for its warranty policy.A Reuters poll found that 66 out of 74 economists believe the European Central Bank will keep its deposit rate at 2.00% until 2026.On February 12th, the State Financial Regulatory Commission released key regulatory indicators for the banking and insurance sectors in the fourth quarter of 2025. At the end of the fourth quarter of 2025, the balance of non-performing loans (NPLs) of commercial banks was 3.5 trillion yuan, a decrease of 24.1 billion yuan from the end of the previous quarter; the NPL ratio was 1.50%, a decrease of 0.02 percentage points from the end of the previous quarter. At the end of the fourth quarter of 2025, the balance of performing loans of commercial banks was 230.2 trillion yuan, of which the balance of normal loans was 225.1 trillion yuan and the balance of loans under special mention was 5.1 trillion yuan. At the end of the fourth quarter of 2025, the balance of loan loss provisions of commercial banks was 7.2 trillion yuan; the provision coverage ratio was 205.21%, and the loan loss provision ratio was 3.07%.On February 12th, the State Financial Regulatory Commission released key regulatory indicators for the banking and insurance sectors in the fourth quarter of 2025. At the end of the fourth quarter of 2025, the total assets of my countrys banking financial institutions in both local and foreign currencies reached 480 trillion yuan, a year-on-year increase of 8.0%. Among them, the total assets of large commercial banks in both local and foreign currencies reached 210.8 trillion yuan, a year-on-year increase of 10.8%, accounting for 43.9% of the total; the total assets of joint-stock commercial banks in both local and foreign currencies reached 77.8 trillion yuan, a year-on-year increase of 4.8%, accounting for 16.2%. At the end of the fourth quarter of 2025, the total assets of insurance companies and insurance asset management companies reached 41.3 trillion yuan, an increase of 15.1% compared to the beginning of the year. Among them, property insurance companies reached 3.1 trillion yuan, an increase of 7.5% compared to the beginning of the year; life insurance companies reached 36.4 trillion yuan, an increase of 15.4% compared to the beginning of the year; reinsurance companies reached 857.3 billion yuan, an increase of 3.5% compared to the beginning of the year; and insurance asset management companies reached 145.6 billion yuan, an increase of 14% compared to the beginning of the year.On February 12th, the Shenzhen Municipal Bureau of Industry and Information Technology issued the "Shenzhen Action Plan for Advanced Manufacturing Industry with Artificial Intelligence+ (2026-2027)," which proposes to conduct pilot projects for the integrated application of "vehicle-road-cloud" in intelligent connected vehicles and increase the AI empowerment of the entire automotive industry chain in "intelligent manufacturing + intelligent driving." In collaborative design, the plan includes intelligent management and classification of component resources, recommendation of optimal component information, and, combined with artificial intelligence algorithms, simulation-based automatic matching and cleaning of material properties to achieve high-precision mesh division and improve enterprise R&D efficiency. In production and manufacturing, the plan includes intelligent resource allocation, optimized configuration of manufacturing resources, and intelligent supply chain management to promote the efficient utilization of idle manufacturing resources.

Jane Street Global Sues The LME For $15.3 Million Due to The Cancellation of Nickel Deals

Aria Thomas

Jun 07, 2022 11:02

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Jane Street Global Trading, located in the United States, has sued the London Metal Exchange for $15,3 million due to the cancellation of nickel deals in March. This is the second lawsuit the London Metal Exchange has faced this week.


The LME, which is controlled by Hong Kong Exchanges and Clearing, is being investigated by authorities after it paused operations and canceled nickel contracts on March 8 owing to volatility that caused prices to double within hours to more than $100,000 per tonne.


A Jane Street official stated in a statement that the move to cancel nickel deals "during a moment of heightened volatility seriously undermines the integrity of the markets and establishes a hazardous precedent that throws future contracts into doubt."


The Hong Kong bourse said in a statement that the LME viewed the U.S. quantitative fund and market maker's allegation to be "without merit and that the LME would fiercely oppose it."


Monday, the LME said it was being sued for $456 million by hedge fund Elliott Associates for canceling nickel deals.


HKEX issued a similar statement in response to the Elliott lawsuit, asserting that the LME had to intervene to safeguard the whole market when trading got chaotic.