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Real-time News
On August 12th, Indias inflation remained largely stable in July, continuing within the Reserve Bank of Indias (RBI) target range of 2%-6%, further solidifying market expectations that policymakers will maintain interest rates unchanged for some time. Indias Consumer Price Index (CPI) rose 4.45% year-on-year in July, in line with market expectations. In June, the figure exceeded the RBIs 4% target level for the first time in 17 months. This data reinforced the RBIs decision to maintain interest rates at 5.25% for the fourth consecutive meeting, shifting market focus to whether price pressures can remain under control. Policymakers have previously emphasized the need for a clearer understanding of inflation trends and their components before taking action. Julys inflation remained within the RBIs tolerance range for the seventh consecutive month. ANZ economist Dhiraj Nim stated that the inflation data "should not worry policymakers" as it was largely in line with expectations. He noted that while price pressures outside of food and fuel are accumulating, they are not rising "out of control."On August 12th, the Emergency Command Center, established by decree of the Mongolian Prime Minister to increase fuel supply and security, held its regular meeting. The Command Center announced that measures implemented to increase fuel accessibility and alleviate the burden on gas stations will cease on August 15th. Specifically, the regulations limiting fuel purchases to 50,000 tugriks per vehicle and the rule of refueling based on the odd or even last digit of the license plate will end this Saturday. Additionally, 1,200 tons of AI-92 gasoline will arrive in Ulaanbaatar before this evening and are being urgently distributed to gas stations.On August 12th, Tailg Electric Vehicles issued a statement regarding a media report that a consumer in Nanchang complained about a malfunction in a Tailg electric vehicle equipped with a "Changxin" brand battery. The company took the matter very seriously and immediately established a special task force to investigate. The investigation revealed that the "Changxin" brand battery mentioned in the report was a counterfeit Tailg original battery sold by Honghao Electric Vehicle Store in Wanli District, Nanchang City, and was produced without authorization by the store. This "Changxin" brand battery was manufactured by Jiangxi Chunxing New Energy Co., Ltd., with which Tailg has no cooperation and has not been authorized by Tailg. The "Changxin" brand batteries produced by this company are not original equipment batteries from Tailg. Tailg stated in its statement that it currently only authorizes Chaowei and Tianneng to use the Tailg logo to produce lead-acid batteries.On August 12th, China Resources Land (01109.HK) announced that for the month ended July 31, 2026, the Company and its subsidiaries achieved total contracted sales of approximately RMB14.1 billion and total contracted sales area of approximately 410,000 square meters, representing year-on-year growth of 6.0% and a decrease of 11.0%, respectively. For the first seven months of 2026, cumulative contracted sales amounted to approximately RMB130.6 billion, with a total contracted sales area of approximately 3.573 million square meters, representing year-on-year growth of 5.7% and a decrease of 22.0%, respectively. In July 2026, the Groups recurring revenue was approximately RMB4.41 billion, representing year-on-year growth of 5.6%, of which rental income from operating real estate rental business was approximately RMB2.86 billion, representing year-on-year growth of 6.6%. The company’s cumulative recurring revenue for the first seven months of 2026 was approximately RMB 30.88 billion, representing a year-on-year increase of 7.3%. Of this, rental income from operating real estate rental business was approximately RMB 20.73 billion, representing a year-on-year increase of 11.7%.The mayor of Novorossiysk, Russia, declared a state of emergency, stating that the attacks in Ukraine had damaged educational facilities.
