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On January 12, Trump denied involvement in the Justice Departments subpoena of the Federal Reserve. Speaking about Fed Chairman Powell, he said, "I have no idea about it, but hes clearly not doing well at the Fed, and hes not good at managing construction projects." Trump stated that the Justice Department subpoena was unrelated to interest rates: "No, I would never even consider putting pressure on him that way. What should really be putting pressure on him is the fact that interest rates are too high; thats the only pressure hes under." He added, "Hes hurt a lot of people, and I think the public is putting pressure on him."Hong Kong-listed application software stocks continued their upward trend, with Weimob Group (02013.HK) rising nearly 17%, China Youzan (08083.HK) rising over 10%, and Kingdee International (00268.HK) and Inspur Digital Enterprise (00596.HK) following suit.On January 12th, the National Development and Reform Commission (NDRC) and three other departments jointly released the "Working Measures on Strengthening the Planning and Investment Direction Guidance of Government Investment Funds." An official from the NDRC stated that this is the first time that the layout and investment direction of government investment funds have been systematically regulated at the national level. Regarding optimizing fund layout, the measures require funds to support major strategies, key areas, and weak links where the market cannot effectively allocate resources, promote the deep integration of technological and industrial innovation, focus on cultivating emerging pillar industries, and adhere to the principles of early investment, small-scale investment, long-term investment, and investment in hard technologies. The NDRC official also stated that in recent years, some government investment funds have encountered problems in their establishment and operation, such as mismatch with local resource endowments and industrial foundations, unclear fund positioning, and homogeneous investment directions. In response to these situations, the "Working Measures" clearly define the functional positioning and investment priorities of national-level funds and local funds.According to Futures News on January 12, as of 09:30 Beijing time, WTI crude oil futures fell 0.05%, while US natural gas futures rose 2.08%.U.S. Republican Senator Tillis: If there were any doubts before that advisors within the Trump administration were actively pushing to end the independence of the Federal Reserve, there should be no doubt now.

China Eastern Restarts Boeing 737-800 Operations After the March Tragedy

Aria Thomas

Apr 18, 2022 09:53

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Boeing 737-800 aircraft with registration numbers similar to those involved in the March 21 tragedy are still undergoing maintenance and review, the firm said Reuters in a statement.


China Eastern flight MU5843, operated by a three-year-old Boeing 737-800, departed from the southern city of Kunming at 09:58 a.m. (0158 GMT) on Sunday and arrived in Chengdu at 11:03 a.m., also in southwestern China.


According to Flightradar24, the aircraft returned to Kunming after completing a test flight on Saturday.


Another Boeing 737-800 aircraft completed a test flight early Sunday near Shanghai, according to Flightradar24 data.


On March 21, aircraft MU5735 crashed in the mountains of Guangxi, killing 123 passengers and nine crew members in mainland China's biggest aviation tragedy in 28 years.


China has recovered both black boxes and said that it would submit an initial report to the United Nations aviation agency ICAO within 30 days of the incident.

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