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Real-time News
On May 7th, according to foreign media reports, Malaysian palm oil futures fell for the second consecutive trading day on Thursday, pressured by weakness in rival edible oils, although stronger crude oil prices limited the decline. The most active palm oil futures contract fell 38 ringgit, or 0.83%, to 4,541 ringgit per metric tonne in early trading. The most actively traded soybean oil contract in Dalian fell 1.43%, and the palm oil contract fell 1.92%. Soybean oil prices on the Chicago Board of Trade fell 0.63%. In early trading, oil prices rose by about $1, rebounding from the previous days plunge, as investors weighed the success of the Middle East peace agreement. Stronger crude oil futures made palm oil a more attractive biodiesel feedstock option. The ringgit, the currency for palm oil, rose 0.26% against the US dollar, making it more expensive for buyers holding foreign currency to purchase palm oil. Analysts say Malaysian palm oil prices could rise by about 12% to 5,200 ringgit per tonne by mid-July, as the war between the US and Israel over Iran has led to higher energy prices, stimulating demand for biodiesel and tightening supply.Accor Groups Greater China CEO said on Thursday that inbound bookings grew 25% in the first quarter of this year, following a target of 36% growth by 2025. He stated that the company has developed a "strategy" to further expand into western China and accelerate resource allocation to these new markets. Accor China plans to build another 800 hotels over the next five to six years. Accor Groups performance in China was unaffected by the Middle East conflict. The luxury and upscale hotel market in China performed strongly, with RevPAR growing by more than 8% compared to the third quarter of last year, while the mid-range and budget hotel market was relatively weak.Hong Kong-listed jewelry retailers rallied during trading, with Chow Sang Sang (06168.HK) surging over 19%, Tse Sui Luen (00471.HK) rising over 9%, and Chow Tai Fook (01929.HK) climbing over 5%. Other stocks such as Chow Sang Sang (00116.HK), Luk Fook Holdings (00590.HK), and Dream Garden (02585.HK) also saw gains.On May 7th, US President Trump posted a photo on social media with the caption, "Take a good look at this picture." The image listed the durations of several previous US wars: the war in Afghanistan (543 weeks), the Iraq War (457 weeks), the Vietnam War (439 weeks), the American Civil War (209 weeks), World War II (196 weeks), the War of 1812 (139 weeks), and the Iran conflict (6 weeks).Cyprus says EU countries and lawmakers have reached a temporary agreement to postpone the implementation of a weakened version of artificial intelligence regulations.
