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On January 16, Huang Qing, spokesperson for the State Energy Group, said at the groups 2025 work conference that in 2025, the reform of investment companies will be accelerated, the high-quality development of the capital market will be actively promoted, and the implementation of market value management by its listed companies will be promoted to enhance the market recognition and value realization of listed companies. Huang Qing said that this year, we will adhere to deep reforms, stimulate vitality, and strive to improve the ability to govern and promote enterprises. Focus on key tasks, improve the overall promotion mechanism of reforms, fully release the effectiveness of reforms, and form a number of landmark reform achievements. Promote the deepening and upgrading of state-owned enterprise reforms in an integrated manner, refine and deepen the "science and technology reform" and "double hundred" actions, and cultivate more reform samples. Accelerate the improvement of modern corporate governance, fully implement the two "consistent", launch a new round of charter standardization actions, deeply implement the construction and upgrading of the board of directors of subsidiaries, and deepen the reform of the "three systems".The onshore RMB closed at 7.3317 against the U.S. dollar at 16:30 on January 16, up 2 points from the previous trading day.TSMC Chairman Wei Zhejia: We expect that in the first two years, the number of new wafer launches, 2-nanometer technology will exceed the performance of 3-nanometer and 5-nanometer in the first two years.TSMC Chairman Wei Zhejia: It is predicted that the revenue of artificial intelligence accelerators will double in 2025.TSMC Chairman Wei Zhejia: Entering 2025, we expect excellent semiconductor inventories to recover to healthy levels exceeding 2024.

The AUD/NZD Exchange Rate Retests Its Monthly Low Below 1.0850 As Aussie Inflation and GDP Decline

Alina Haynes

Mar 01, 2023 11:53

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The AUD/NZD pair has been heavily offered by market players after the Australian Consumer Price Index (CPI) data for the prior month experienced a sharp drop. Additional rate increases are anticipated even though RBA Governor Philip Lowe already increased the Official Cash Rate (OCR) to 3.25 percent in an effort to curb sticky inflation. This is because it would be imprudent to proclaim success in the struggle against rising price pressures.

 

Other than the Aussie inflation statistics, the Q4 Gross Domestic Product (GDP) estimates came in below expectations. The Australian Bureau of Statistics published a decrease in GDP (Q4) data from the consensus estimate of 0.8% and the Q3 number of 0.6% to 0.5%. When annualized, the Economy has met forecasts at 2.7%.

 

The New Zealand Dollar and the Australian Dollar will continue to trade despite the release of the Caixin Manufacturing PMI data. IHS Markit is expected to show an increase in economic data to 50.2 from 49.2 in the prior release.

 

While the consensus forecast called for a 1.5% rise, this week's New Zealand Retail Sales (Q4) figures showed a 0.6% decline. Future inflation in New Zealand is likely to be moderated by a decline in household demand because businesses will be compelled to give products and services at reduced rates to maintain present demand levels.


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