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Real-time News
According to US financial media Semafor, US antitrust regulators appear poised to approve Paramounts $110 billion acquisition of Warner Bros. Discovery.On May 27th, the Reserve Bank of New Zealand (RBNZ) narrowly decided to keep interest rates unchanged, but the question now seems to be "when" rather than "whether" to raise rates. RBNZ Governor Brehman, who cast the decisive vote, stated that all members of the Monetary Policy Committee (MPC) essentially agreed on the future path of the Official Cash Rate (OCR). At a press conference, she said, "The only difference is our preference regarding the timing of the first rate hike." Brehman noted that those who supported keeping rates unchanged at this meeting primarily emphasized that core inflation remained low, wage growth was weak, and medium- to long-term inflation expectations remained solid. These members also placed greater emphasis on the impact of weak demand and tightening financial conditions, believing these factors could suppress a second round of inflation. However, Brehman stressed that the committees current focus remains on preventing rising costs from turning into persistent inflation. She stated, "Overall, the Official Cash Rate is likely to be raised at the next few meetings."On May 27th, the Shanghai Municipal Peoples Government released its implementation opinions on promoting the expansion and quality improvement of the service industry. The opinions propose accelerating the development of the R&D service industry, encouraging the construction of various R&D institutions such as manufacturing innovation centers and enterprise R&D centers, guiding the expansion and upgrading of enterprise R&D institutions, and promoting the establishment of market-oriented and entity-operated R&D enterprises. The opinions also promote the transformation of scientific and technological achievements, supporting the construction of high-quality incubators, proof-of-concept centers, and other platforms for the transformation of scientific and technological achievements. Furthermore, the opinions emphasize enhancing professional incubation and resource linkage capabilities around the three leading industries and the forefront of future industries. Finally, the opinions support enterprises in developing new models and new forms of technology services such as AI+scientific research, shared scientific research, cloud-based collaborative R&D, and intelligent agent R&D in fields such as intelligent manufacturing and biomedicine.On May 27th, the Shanghai Municipal Peoples Government released its implementation opinions on promoting the expansion and quality improvement of the service industry. The opinions propose increasing the supply of intelligent and green products and guiding the green construction and operation of digital infrastructure such as intelligent computing centers and data centers. They also emphasize strengthening green energy services, improving and promoting direct green electricity connections, green electricity trading, and green electricity certificate trading to boost green electricity consumption and encourage the priority use of green energy and the procurement of green products and services. Furthermore, the opinions call for accelerating the green transformation of buildings, supporting near-zero energy consumption upgrades, and constructing a number of zero-carbon industrial parks and zero-carbon supply chain demonstration projects. Finally, the opinions advocate developing new green consumption models, creating new diversified and integrated service consumption scenarios for green and sustainable development, and holding a green consumption season themed activities.Reserve Bank of New Zealand Assistant Governor Silk: In an inflationary environment, there are more important overseas issues to consider than the budget.
