EUR/USD
1.16405
-0.127%
Gold
4540.49
-0.562%
Oil
102.096
0.083%
USD/JPY
158.946
0.061%
GBP/USD
1.34135
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GBP/JPY
213.207
-0.078%
Real-time News
The United Business Group of Thailand maintains its GDP growth forecast for Thailand in 2026 at between 1.2% and 1.6%.On May 19th, Naomi Fink, Chief Global Strategist at Amova Asset Management, stated in a report that Japans stronger-than-expected first-quarter GDP data reflects an improvement in the breadth and quality of economic growth, particularly a rebound in domestic demand. She noted that the broad-based growth in domestic demand indicates that inflation is spreading. Fink stated that Japans export growth remained strong in the first quarter, supported by a global technology spending boom, although it may face pressure in the coming quarters as the effects of the Middle East energy shock spread to the global economy and worsen terms of trade. She suggested that the market will focus on whether government investment is focused on long-term capacity building rather than crowding out private investment, and will examine the credibility of public spending plans in differentiating between public and private investment priorities.On May 19th, ANZ Senior Interest Rate Strategist Jack Chambers stated that the Reserve Bank of Australia (RBA) is overly confident in households continued spending power and may postpone further interest rate hikes for an extended period. He is more pessimistic about economic activity than the RBAs policy committee. He noted that the committee ignored recent declines in consumer and business confidence when raising the benchmark interest rate to 4.35% this month. Chambers wrote in a report that high inflation could have a significant enough impact on disposable income to cause economic activity to fall short of the RBAs expectations. He added, "This would alter the trade-off between economic activity and inflation."On May 19th, Tencent WorkBuddy officially launched its One-Person Company Incentive Program, offering 30 million WorkBuddy Credits (built-in model usage credits, worth millions of yuan) to global entrepreneurs, OPCs, and other deep WorkBuddy users. Users receiving this incentive can directly use their AI credits within WorkBuddy to help improve efficiency and innovation in their own businesses.On May 19th, it was reported that Ronshine China (03301.HK)s domestic debt restructuring plan has still not been launched as scheduled. Recently, Ronshine (Fujian) Investment Group Co., Ltd., the main domestic bond issuer of Ronshine China, issued an announcement stating that a bondholder meeting for eight bonds, including "H20 Ronshine 1," is scheduled for May 20th to review proposals regarding exemption from notification deadlines, extending grace periods, and early cash repayment arrangements. Recently, Ronshine again informed investors that this extension of the grace period is to allow more time for the formulation of the restructuring plan, which is expected to be launched in June this year. The restructuring plan offers investors options including cash, long-term bonds, and asset trust units, with the trust assets having third-party valuation reports.
