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On August 3, AMEC announced that it expects its revenue for the first half of 2026 to be approximately RMB 6.691 billion, representing a year-on-year increase of approximately 34.89%; net profit attributable to owners of the parent company is expected to be between RMB 2.7 billion and RMB 2.9 billion, representing a year-on-year increase of 282.48% to 310.81%; and net profit excluding non-recurring gains and losses is expected to be between RMB 1 billion and RMB 1.2 billion, representing a year-on-year increase of 85.61% to 122.73%. In the same period last year, revenue was RMB 4.961 billion, net profit attributable to owners of the parent company was RMB 706 million, and net profit excluding non-recurring gains and losses was RMB 539 million.On August 3rd, Federal Reserve Chairman Williams stated that he remains optimistic that inflationary pressures will gradually ease, but if this does not happen, the Fed will not hesitate to raise interest rates to ensure that price pressures return to the target level. In an interview with Reuters last Friday, Williams said that if energy prices and trade tariffs have peaked and the economy continues its robust momentum, "I think some of the major factors that have driven up inflation over the past year and a half will no longer play such a significant role, and some of the downward pressures we have previously observed should reappear." He added, "I am watching the core inflation data very carefully over the next few months to see if it aligns with the trend of inflation moving towards and continuing to decline toward 2%, thus ensuring that we can achieve our long-term stable 2% inflation target by 2028." He also stated, "I personally predict that inflation will decline somewhat in the second half of this year and further decline next year." Williams reiterated that the current interest rate policy stance is "in a favorable position" to bring inflation back to the target level. However, he pointed out, "If we are not on track to bring inflation down to 2%... then taking action to get us back on the 2% inflation track is entirely appropriate."GameStop (GME.N) fell 3.1% in pre-market trading after the company announced it would conduct a private placement of $1.4 billion in convertible notes in exchange for shares.Note: Federal Reserves Williams gave an interview last Friday, and the interview has just been released.Federal Reserves Williams stated that investments in artificial intelligence will not pose a risk to financial stability. He is not surprised by the volatility in the AI industry.

TotalEnergies To Restrict Russian Investment

Charlie Brooks

Apr 01, 2022 10:21

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TotalEnergies, the French oil corporation, has criticized the invasion of Ukraine and said that it would refrain from investing in new projects in Russia as a result of this event.


The business, which owns more than 19 percent of Russia's natural gas giant Novatek, made the announcement in response to Vladimir Putin's invasion of Ukraine on Tuesday.


The corporation claims that the conflict is a disaster for Ukrainians and a menace to Europe.


However, although TotalEnergies indicated its intention to halt future investment, it did not go as far as counterparts BP and Shell. Following Russia's invasion of Ukraine last week, which drew harsh penalties from Europe and the US, some businesses have moved to rethink their operations in the nation.


BP and Shell are two of the largest companies that have announced significant moves away from the Russian market.


BP said this weekend that it was selling its interest in state-controlled oil company Rosneft, while Shell announced on Monday that it was exiting joint ventures with global natural gas powerhouse Gazprom.


TotalEnergies' action indicates that it intends to stay in the nation, although in collaboration with the EU and US governments.


The corporation pledged in its statement to support and enforce all measures imposed so far against Russia, "regardless of the impact" these penalties may have on its assets and operations in the nation.