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Chart: Precious metals market data for Industrial and Commercial Bank of China accounts on Monday, April 27, 2026.On April 27th, the Ministry of Culture and Tourism held a media promotion conference in Beijing for the 2026 National May Day Cultural and Tourism Consumption Week, officially launching the nationwide event. The conference announced plans to organize various regions to launch a series of affordable products, engaging activities, convenient services, and preferential measures for the May Day holiday, aiming to meet the travel and cultural tourism consumption needs of residents and tourists. It is understood that the May Day Cultural and Tourism Consumption Week will run from the end of April until the end of the May Day holiday. The Ministry of Culture and Tourism, in collaboration with relevant enterprises and institutions, will launch a series of diverse and beneficial cultural and tourism measures during the consumption week.On April 27th, Vishnu Varathan of Mizuho Securities stated that the Bank of Japan (BOJ) is expected to hold its policy steady this week, as the oil price shock triggered by the Middle East war could both damage demand and further exacerbate existing inflation risks. The BOJ is facing a dilemma, as it remains unclear which risk will prevail and what corresponding countermeasures should be taken. High inflation levels prior to the Middle East crisis and the sharp depreciation pressure on the yen limit the BOJs ability to ease policy prematurely to offset potential growth shocks. At the same time, the BOJ cannot raise interest rates too quickly or too drastically, as this could undermine the prospects for sustainable and healthy reflation.April 27 - According to data from the National Bureau of Statistics, from January to March, the mining industry achieved a total profit of 256.33 billion yuan, a year-on-year increase of 16.2%; the manufacturing industry achieved a total profit of 1,238.43 billion yuan, an increase of 19.1%; and the electricity, heat, gas and water production and supply industry achieved a total profit of 201.28 billion yuan, a decrease of 3.2%.Chinas industrial profits above the designated size rose 15.8% year-on-year in March.

Reddit Plans An IPO For The Second Half of 2023, According to The Information

Charlie Brooks

Feb 15, 2023 11:19

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Reddit Inc plans to go public later this year, most likely in the second half, the Information reported on Tuesday, citing sources familiar with the situation.


Reddit and other companies, like Instacart, are keeping their initial public offering documentation current in preparation for their debuts when market circumstances improve, according to the article.


Reddit failed to react promptly to Reuters' request for comment.


As a result of a selloff in high-growth technology firms and instability in the capital markets, investor confidence deteriorated and the IPO market came to a virtual stop in 2017.


Reddit filed confidentially for an IPO with the U.S. securities commission in December 2021, after the company's message boards became the go-to destination for day traders amid the meme stock craze.