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August 19th - Today (August 19th), the Zhuque-3 Y2 carrier rocket was launched from the Dongfeng Commercial Aerospace Innovation Test Zone. The first stage of the rocket successfully landed at the Zhuque-3 landing site in Minqin County, Gansu Province, according to the predetermined procedure. This is another major breakthrough for my country in key technologies for reusable rockets, and the Zhuque-3 has become my countrys first carrier rocket to successfully enter orbit and be recovered on land.August 19th - Despite a sharp rise in oil costs, the proportion of Japanese companies exceeding earnings expectations reached a five-year high, leading to widespread optimism that strong profit growth across industries will drive a market rebound, extending beyond artificial intelligence-related trades. Data shows that in the three months ending in June, approximately 71% of Japanese companies exceeded analysts forecasts, with the combined net profit of the 500 largest companies reaching 21 trillion yen (approximately $132 billion), surpassing the record of approximately 18 trillion yen set a year ago. Corporate profitability has also improved significantly, with the profit margin of TOPIX constituent stocks expected to reach 9.3%, the highest level for similar data in over three decades. These results suggest that the Japanese stock market rally may be entering a new phase. While last quarters growth was primarily concentrated in technology and AI-related companies, the latest earnings season shows that profit growth is expanding into a broader range of sectors as companies successfully pass on higher costs to customers. "Not only exporters and semiconductor-related companies are outperforming expectations," said a strategist at Resona Holdings, "we are seeing domestic demand-driven companies outperforming expectations. Investor interest has broadened compared to before, and I think this trend will continue."August 19th - According to the latest report from AFP, British Prime Minister Andrew Burnham confirmed on the 18th that he had exchanged messages with someone impersonating Susie Wiles, the White House Chief of Staff. The report stated that Burnham discussed the matter during a visit to Wolverhampton, a city in central England, saying that "nothing sensitive was discussed in the exchange." When asked if he was embarrassed by being deceived, Burnham replied, "No, Im not embarrassed because it was a very brief exchange, nothing substantial. And I quickly realized I needed to report it, and I did." US media reported that on the 17th, a reporter asked US President Trump if he was concerned about the matter. Trump responded that he believed it was just a "communication misunderstanding" and said he had had several "very good conversations" with Burnham.On August 19th, according to the Wall Street Journal, OpenAI told investors that its second-quarter revenue grew 18% from the first quarter, but losses widened further, disappointing some shareholders who had hoped the startup would make more progress and catch up with its competitor Anthropic. According to sources familiar with the matter, the companys revenue reached $6.7 billion in the three months ending June, compared to $5.7 billion in the first quarter. Meanwhile, its operating profit margin declined further, making its prospects for profitability ahead of its highly anticipated IPO even more uncertain.According to the Wall Street Journal, OpenAI said its revenue grew to $6.7 billion in the three months ending in June.

Oil Declines As Investors Watch EU Voting on Ban on Russian Oil

Charlie Brooks

May 09, 2022 09:44

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Oil prices declined in early Asian trade on Monday as investors awaited European Union discussions on a Russian oil embargo, which are anticipated to reduce world supplies.


Brent crude fell 67 cents, or 0.6 percent, to $111.72 a barrel at 0002 GMT, while U.S. West Texas Intermediate crude fell 75 cents, or 0.7 percent, to $109.02 per barrel.


Last week, both contracts increased for the second consecutive week due to supply concerns after the European Commission suggested a phased embargo on Russian oil as part of its toughest-to-date package of measures regarding the conflict in Ukraine. The plan calls for unanimity among EU members.


Bulgaria would veto EU oil sanctions on Russia if it does not receive an exemption from the proposed embargo, according to the country's Deputy Prime Minister.


EU sources said that the European Commission proposed adjustments to its planned embargo on Russian oil on Friday to give Hungary, Slovakia, and the Czech Republic additional time to switch their energy supplies.


"The negotiations will continue on Monday and Tuesday, and a summit of the leaders may be required to finalize them. Our perspective is unambiguous. If there is a derogation for some countries, we wish to receive one as well, "Vassilev stated on BNT national television.


The global financial markets are also pushed down by worries about interest rate hikes, a probable recession, and the impact of China's COVID-19 lockdowns on the second largest economy in the world.


Meanwhile, Saudi Arabia, the world's top oil exporter, reduced crude prices for Asia and Europe for June on Sunday.