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On September 11, Foreign Ministry Spokesperson Mao Ning stated at a regular press conference that China has lodged a strong protest with Italy and the European Union regarding the attendance of "Taiwan independence" politicians at relevant meetings in Italy. The DPP authorities and certain politicians are racking their brains to gain attention everywhere, using the guise of "democracy" and "freedom" to "seek independence through foreign connections." Such behavior is despicable and ultimately futile. Mao Ning said that there is only one China in the world, and Taiwan is an inseparable part of Chinas territory. China has consistently and firmly opposed any form of official exchanges between countries that have diplomatic relations with China and Taiwan. The one-China principle is a universally recognized norm of international relations and a general consensus of the international community, as well as the political foundation of China-Italy relations and China-EU relations. We urge relevant parties to uphold the one-China principle with concrete actions.Swedens chief information defense official said Russia poses a threat to elections in Europes largest democracy and called on social media platforms to step up their efforts to combat Moscows botnets.September 11 – On September 11, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked about Chinas announcement of raising visa fees for Japanese citizens traveling to China, and what the Foreign Ministrys comment was on this. Mao Ning stated that the Chinese Embassy in Japan had already issued a notice, and this adjustment was made based on the principle of reciprocity.On September 11th, according to the latest data from QUICK FactSet, a global economic research and analysis platform, Changxin Memorys EBIT margin reached 82% in the second quarter of 2026, surpassing SK Hynix (76%) and Samsung Electronics semiconductor business (70%) to become the worlds most profitable memory chip manufacturer. During the same period, Changxin Memorys revenue increased approximately tenfold year-on-year, the highest growth rate among six companies: Changxin Memory, Samsung, SK Hynix, Micron, Kioxia, and SanDisk. Analysts believe that Changxin Memorys increased profit margin is closely related to the current changes in memory chip supply and demand. As Samsung, SK Hynix, and Micron invest more resources in high-bandwidth memory for AI servers, the supply of ordinary DRAM has tightened, leading to a significant increase in DDR5 prices, from which Changxin Memory has benefited.UBS: We expect the European Central Bank to raise interest rates by another 25 basis points in December 2026, and then pause.

WTI bulls move in on supply side concerns, but the Fed looms

Alina Haynes

Dec 13, 2022 14:28

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On Monday, the price of West Texas Intermediate, or WTI, crude oil increased as supply-side concerns outweighed fears of weakening demand. At the time of writing, WTI is trading at $73.40, a 0.1% increase from its low of $73.27. It has risen from a low of $73.27 to a high of $73.51.

 

Despite the upcoming US consumer Price index and Federal Reserve meeting, supply concerns have trumped recession concerns in the most recent sessions. The Fed is likely to raise interest rates by 50 basis points on Wednesday, following the release of today's inflation data from other U.S. states, which might bolster the Fed's reputation.

 

"Core prices likely increased by 0.3% month-over-month in November, for the second consecutive month. We anticipate that goods deflation will once again serve as a counterbalance to shelter inflation. Importantly, the November decline in gas prices is anticipated to bring respite to the CPI. Overall, our m/m predictions imply a 7.3%/6.1% YoY increase in total/core pricing," TD Securities analysts stated.

 

The money markets presently assign a probability of about 75% that the US central bank would raise rates by 50 basis points following four consecutive rate hikes of 75 basis points. However, other observers believe that the event will have a hawkish consequence.

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