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Real-time News
Tencents Q2 earnings call will begin in ten minutes.August 12th - At 13:46 on August 12th, the load of the Guangzhou power grid system broke the historical peak for the third time this year, reaching a peak load of 26.231 million kilowatts, an increase of 4.46% compared to the peak load last year. Since the beginning of summer this year, affected by the El Niño climate, Guangzhou has experienced frequent and prolonged periods of high temperatures.The Swiss government has proposed raising the value-added tax by 0.5 percentage points for a period of 12 years to fund defense spending.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.
