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July 22 - Hong Kong-listed company, HOLDINGS (01243.HK), announced that for the three months ended June 30, 2026, the Group, together with its joint ventures, achieved unaudited contracted sales of approximately HK$1.212 billion. The total contracted sales area was approximately 47,784 square feet.On July 22, Ribobio (06938.HK) announced positive results from a Phase 2a study conducted in Europe evaluating vortosiran (RBD4059), a small interfering RNA (siRNA) therapy targeting coagulation factor XI (FXI), in patients with chronic coronary artery disease (CAD), at the Global Conference on New Drugs in Major Countries held in Shanghai. This randomized, double-blind, placebo-controlled study showed that vortosiran was generally well-tolerated in patients receiving standard aspirin therapy and significantly, dose-dependently, and persistently inhibited FXI activity. In patients who completed a high-dose vortosiran treatment course with a maintenance dose of 400 mg, the average maximum reduction in FXI activity reached 92%, and this reduction persisted for several months after administration.According to the Saudi Press Agency, Jordan intercepted six Iranian missiles.The Israeli military detected Iranian rockets firing at Aqaba, Jordan, but did not issue a warning to the Israeli public.July 22 – Morningstar DBRS analyst Julia Specht noted in a report that the UKs public finances remain strained, and its credit quality hinges on the governments ability to implement credible economic and fiscal plans within limited fiscal space. In June, net borrowing by the UK public sector fell 33.1% year-on-year to £16 billion ($21.4 billion), but cumulative borrowing for the first few months of the fiscal year ending in June was still £2.7 billion higher than the Office for Budget Responsibilitys forecast. Specht stated, "The key to the credit assessment lies in whether new Prime Minister Burnham can advance his policy objectives without damaging fiscal credibility."

OPEC's Demand Projection And China's COVID Cases Lower Oil Prices

Haiden Holmes

Nov 15, 2022 17:40

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OPEC lowered its global demand forecast for 2022, and rising COVID-19 cases in China cast doubt on the future of China's gasoline consumption, the largest crude importer in the world.


Brent crude futures fell 39 cents, or 0.4%, to $92.75 a barrel at 01:33 GMT on Tuesday, after falling 3% on Monday. The price of a barrel of U.S. West Texas Intermediate crude was $85.31, down 56 cents, or 0.7%, following a 3.5% decline in the prior session.


The Organization of Petroleum Exporting Countries (OPEC) has lowered its forecast for the growth of global oil demand in 2022 for the fifth time since April, citing escalating economic concerns such as high inflation and rising interest rates.


This follows the announcement by the International Monetary Fund on Sunday that the global economic outlook is gloomier than anticipated a month ago, citing a gradual deterioration in purchasing manager surveys over the past few months.


While investors applauded China's announcement last week that it will relax its strict zero-COVID policy in order to stimulate economic growth and energy demand, ANZ analysts stated that rising case numbers remain a significant risk.


"The market is currently defying looming supply threats," analysts added, referring to impending sanctions on Russian oil exports by the European Union.


In its monthly productivity report, the U.S. Energy Information Administration (EIA) stated on Monday that oil production in the Permian Basin is expected to reach a new high of 5.49 million barrels per day (bpd) in December.


However, aging shale regions are exhibiting decreased per-well performance, which according to the EIA resulted in only a 91,000 bpd increase in U.S. crude oil production in shale regions in December despite a price increase.

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