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On January 16th, according to Tianyancha Intellectual Property Information, Tesla Inc. recently applied to register two "Tesla Smart" trademarks, classified in the international categories of scientific instruments and website services. Both trademarks are currently awaiting substantive examination.On January 16th, according to Tianyanchas business registration information, Beijing Taoyuanchuang Technology Co., Ltd. was recently established. The legal representative is Lian Wenzhao, and the registered capital is 8 million RMB. Its business scope includes software development, intellectual property services, copyright agency, information consulting services, information technology consulting services, network technology services, apparel manufacturing, apparel research and development, and apparel accessories manufacturing. A comprehensive equity structure analysis shows that the company is wholly owned by Taotian Co., Ltd., which is a wholly-owned subsidiary of Taobao (China) Software Co., Ltd.On January 16th, the China National Committee on Ageing and China Life Insurance Company Limited signed a strategic cooperation agreement in Beijing. According to the agreement, during the 15th Five-Year Plan period, both parties will jointly dedicate themselves to the development of the elderly care industry, improve modern insurance services for the elderly, and support the development of the elderly care industry. The cooperation will focus on areas such as conducting national education on population aging, organizing special research on elderly-related issues, developing elderly-related insurance, promoting the social participation of the elderly, and creating a strong social atmosphere of respecting, loving, and helping the elderly.On January 16, both sides reaffirmed their commitment to multilateralism, support for the UNs central role in international affairs, and commitment to maintaining and improving the rules-based multilateral trading system with the World Trade Organization at its core, as well as safeguarding the stability and smooth operation of global industrial and supply chains. Canada attaches importance to the global governance initiatives proposed by China. Both sides agreed to jointly promote the improvement of global governance and strengthen cooperation on issues such as accelerating the implementation of the UN 2030 Agenda for Sustainable Development and reforming the international financial system. Canada supports Chinas hosting of the 2026 APEC summit and looks forward to the success of all activities throughout the year. Canada also thanked China for supporting Canadas bid to host the 2029 APEC summit. Both sides will seek to strengthen exchanges and cooperation within the G20 framework and agreed to deepen cooperation in the climate and environment fields through mechanisms such as the Ministerial Conference on Climate Action, the China-Canada International Cooperation Committee on Environment and Development, the Kunming-Montreal Global Biodiversity Framework, and cooperation documents such as the Memorandum of Understanding on Climate Change Cooperation between China and Canada and the Memorandum of Understanding on Environmental Cooperation between China and Canada.On January 16, both sides agreed to strengthen law enforcement cooperation in accordance with their respective laws to combat corruption, transnational crimes such as online and telecommunications fraud, and synthetic drugs. Both sides agreed to continue the annual meeting mechanism of the China-Canada Law Enforcement Cooperation Working Group, with anti-drug dialogue as an important component, to achieve more concrete results in safeguarding the safety of the people of both countries.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.