EUR/USD 1.15097
-0.036%
Gold 4639.43
-0.782%
Oil 104.029
0.190%
USD/JPY 159.641
0.005%
GBP/USD 1.31951
0.012%
GBP/JPY 210.652
0.036%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 6th, following the "Science and Technology Exchange Connect" initiative, the Shenzhen Branch of the State Administration of Foreign Exchange launched another foreign exchange facilitation measure, the "Science and Technology Salary Connect" pilot program. This program focuses on providing convenient two-way foreign exchange services for the salaries of employees of key state-supported units such as high-quality enterprises, universities, and research institutions. This facilitates the cross-border flow of talent in the Guangdong-Hong Kong-Macao Greater Bay Area and supports the construction of Shenzhen as an international science and technology innovation center. It is understood that qualified employees can, through public-private partnerships with their employers, avoid submitting or repeatedly submitting documents when processing salary purchase and settlement transactions at pilot banks. This model integrates relevant foreign exchange facilitation policies, leverages corporate credit enhancement, and significantly improves the efficiency and convenience of cross-border salary processing for employees with foreign work experience, providing high-quality foreign exchange services to support Shenzhens talent attraction efforts.April 6 - Israels Homeland Defense Command announced early this morning that it had detected missiles launched from Iran towards Israel and was attempting to intercept them. Air raid sirens sounded in several parts of central Israel.Market news: Iran launched a ballistic missile toward central Israel.On April 6th, according to the Qingdao Daily, nine departments, including the Qingdao Municipal Bureau of Industry and Information Technology and the Qingdao Municipal Development and Reform Commission, jointly issued the "Qingdao Automobile Industry Stabilization and Growth Work Plan," clarifying the industry development goals and key areas of focus for 2026. The plan proposes that Qingdaos total vehicle production will remain stable at around 1 million units in 2026, with new energy vehicle production reaching 450,000 units, further addressing shortcomings in core supporting technologies such as the "three-electric" systems (battery, motor, and electronic control), automotive chips, and intelligent cockpits. In terms of projects, Qingdao will promote the construction of 57 automobile industry projects with investments exceeding 100 million yuan, accelerate the completion of 16 projects with a total investment of over 100 million yuan (totaling 14.2 billion yuan) by 2025, including FAW Forging, Jiefang Commercial Vehicle, and Chery KD projects, which are expected to generate an additional 12.8 billion yuan in output value in 2026; and promote the construction of 28 ongoing projects with a total investment of 15.8 billion yuan, with 27 projects expected to be completed in 2026, generating an additional 13.5 billion yuan in output value upon full production.Shares of South Korean companies Samsung Electronics rose more than 3%, while SK Hynix rose 0.5%.

Oil prices fall as supply increases and Chinese demand decreases

Aria Thomas

Sep 01, 2022 10:56

7.png


Oil prices declined in early Asian trading on Thursday, pressured lower by increased supply and worries that China's new COVID-19 restrictions may further hurt the global economy.


Brent crude futures fell 37 cents, or 0.4%, to $95.27 a barrel at 00:06 GMT. West Texas Intermediate (WTI) oil futures dropped 32 cents, or 0.4%, to $89.23 per barrel.


Recent market volatility has been influenced by concerns over inadequate supply in the months following Russia's invasion of Ukraine and as OPEC attempted to increase output.


In spite of this, production in both OPEC and the United States has reached its highest level since the outbreak of the coronavirus. OPEC's output hit 29.6 million barrels per day (bpd) in the most recent month, while U.S. output rose to 11.82 million bpd in June, according to a Reuters survey. Since April 2020, both have achieved their highest points.


As a result of new COVID infections, the worst heat wave in decades, and a problematic property market, China's manufacturing activity continued to decline in August, signaling that the economy may struggle to retain momentum.


Group of Seven finance ministers will discuss the U.S. Biden administration's proposed price ceiling on Russian oil during their meeting on Friday, according to the White House.

Suggestion