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Westpac Bank expects the Reserve Bank of Australias terminal interest rate to rise from the current 4.1% to 4.85%.On March 30th, according to Qichacha APP, Shouxing Technology (Shanghai) Co., Ltd. recently underwent industrial and commercial registration changes, adding JD.com-affiliated company Suqian Yunbang Enterprise Management Co., Ltd. as a shareholder, and increasing its registered capital to 4.51545 million yuan. Qichacha information shows that the company was established in 2024, and its business scope includes: research and development of intelligent robots; development of basic artificial intelligence software; and development of artificial intelligence application software. Public information shows that Shouxing Technology is a developer of hyper-bionic humanoid robots.On March 30th, Paul Chew of Phillip Securities Research commented that the S&P 500 still has room to fall further given the continued rise in oil prices. The research director pointed out that since the outbreak of the Middle East conflict, the S&P 500 has fallen 7.9% from its peak. He stated that, in comparison, the index fell 17% from its peak during the Gulf War and the Russia-Ukraine War, respectively. Therefore, Chew added, "The market still has room to fall further, especially with oil prices continuing to climb."Nomura Securities has lowered its target price for Meituan (03690.HK) from HK$107 to HK$92.According to Iranian media: Several areas in Qom province, Iran, have been hit by artillery fire.

Mercedes F1 team evaluating FTX sponsorship, branding stays for now

Cory Russell

Nov 11, 2022 16:45

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The problematic cryptocurrency exchange FTX's branding will remain on the Mercedes Formula One team's vehicles for this weekend's Sao Paulo Grand Prix in Brazil as they monitor developments, the team announced on Thursday.


One of the biggest cryptocurrency exchanges in the world, FTX, is struggling to raise $9.4 billion from investors and competitors after being battered by a wave of customer withdrawals, a source said on Thursday.


In September 2021, FTX and Mercedes, the current Formula One champions, agreed to a sponsorship agreement.


Lewis Hamilton, a seven-time world champion, and fellow Briton George Russell's race vehicles will continue to carry the logo for the time being, according to a team official.


The race at Interlagos this weekend marks the halfway point of the season, which culminates on November 20 in Abu Dhabi.