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On March 18th, according to Tianyanchas intellectual property information, Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. recently applied to register two "HICLAW" trademarks, categorized internationally as website services and scientific instruments. The trademarks are currently awaiting substantive examination. Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. was established in March 2019, with Jiang Jiangwei as its legal representative. Shareholder information shows that the company is wholly owned by Zhejiang Alibaba Cloud Computing Co., Ltd. Public information indicates that HiClaw is a multi-agent collaboration system officially open-sourced by Alibaba Cloud in March, supporting multiple AI agents to collaboratively complete complex tasks.On March 18th, Daniel Lavney, Head of Fixed Income at Mediolanum International Fund Management, stated that the market had already anticipated the Federal Reserve would maintain interest rates at this weeks meeting, even before the deterioration of the Gulf situation, and this is now a foregone conclusion. Recent economic data showed continued slowing inflation and a deteriorating labor market, leading the firm to initially expect a dovish stance. However, this is no longer the case. The Fed is now expected to convey a cautious wait-and-see attitude. The policy statement is likely to mention the risks of war and incorporate two-sided language in its description of the future path of interest rates, emphasizing both the upside risks to inflation and the downside risks to the labor market.On March 18th, Baidu appointed He Jingzhou, formerly of the Big Model Algorithm Department, to rotate from the Basic Model Development Unit (BMU) to the Mobile Ecosystem Group (MEG) as the head of the Baidu App R&D Center, reporting to Luo Rong. This rotation will promote the integration of big models with search and recommendation businesses, strengthening the application of cutting-edge technologies such as big models in core scenarios like search and recommendation. The former head, Zhao Shiqi, resigned for personal reasons. Previously, Baidu MEG underwent organizational restructuring, merging all PC and mobile search businesses, with Li Xiaowan responsible for user production and operations. Simultaneously, a new Baidu App R&D Center and Experience and Quality Assurance Center were established.March 18th - The latest Bank of Japan (BOJ) circulating funds statistics show that as of the end of December last year, the BOJs holdings of Japanese government bonds decreased to 43.1% from 44.2% at the end of September. This decline reflects a reduction in the BOJs bond-buying operations and a shrinking market value due to soaring bond yields. Tsuyoshi Ueno, an economist at NLI Research Institute, stated that although the BOJ still holds nearly half of the outstanding long-term government bonds and remains a dominant force in the market, its influence is gradually weakening.The Norwegian Offshore Authority: Statoil and its partners have discovered oil in the "POLYNYA TUBAEN" exploration target area. The discovered reservoir is estimated to contain between 14 million and 24 million barrels of crude oil.

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.