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Xiaomi Group (01810.HK) repurchased 6 million Class B ordinary shares for HK$185.7 million on April 10.On April 10th, the Cyberspace Administration of China and four other departments jointly released the "Interim Measures for the Administration of Humanized Interactive Services Based on Artificial Intelligence." The Measures emphasize the following aspects of humanized interactive service standards: First, clarifying the main responsibility for security. Second, strengthening the full lifecycle security management of humanized interactive services. This requires clearly defining security requirements at each stage of deployment, operation, upgrade, and termination of humanized interactive services, ensuring that security measures are deployed and used synchronously with service functions to improve security levels; strengthening security monitoring and risk assessment, and promptly identifying and correcting system deviations and handling security incidents. Third, ensuring data security. This includes strengthening the management of training data and enhancing data transparency, reliability, diversity, and security; requiring the implementation of data property rights systems in accordance with the law, and taking measures such as data encryption and access control to protect the security of user interaction data; and clarifying that unless otherwise stipulated by law or with the explicit consent of the rights holder, humanized interactive service providers shall not provide user interaction data to third parties. Fourth, protecting user rights. The regulations stipulate the obligations of anthropomorphic interactive service providers to protect users personal information and privacy, requiring them to provide users with options such as copying and deleting interactive data, and to provide convenient ways to exit anthropomorphic interactive services; they also clarify that if anthropomorphic interactive services are to be terminated, users should be notified in advance or a service termination announcement should be issued in a timely manner, and stipulate the establishment of sound user appeal and public complaint and reporting mechanisms.Ukrainian negotiators believe progress has been made in reaching an agreement with Russia, which caused European defense stocks to fall, with Rheinmetall shares down 6.6% and Leonardo shares down 5.5%.Indian government officials: India has purchased energy from Russia and the United States.April 10th - The State Council Information Office will hold a regular policy briefing at 10:00 AM on Monday, April 13th, 2026. Zheng Zhe, Vice Minister of the National Health Commission, and relevant officials from the National Healthcare Security Administration will introduce the "Several Measures on Accelerating the Construction of a Hierarchical Medical System" and answer questions from reporters.

Oil Prices Decline As U.S. Stocks Rise And China Anxiety Rises

Haiden Holmes

Dec 30, 2022 11:24

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On Thursday, U.S. crude oil prices closed down as a result of an unexpected increase in U.S. weekly crude inventories and continued concerns about the demand outlook in the wake of intensifying cases in China.


On the New York Mercantile Exchange, oil futures settled at $78.40 per barrel, down $0.56, while Brent futures settled at $84.66 per barrel, down $0.53.


Contrary to expectations of a decrease of 1.5 million barrels, U.S. oil inventories grew by 718,000 barrels for the week ending December 23, as reported by the Energy Information Administration (EIA).


Inventories of gasoline unexpectedly declined by 3.1 million barrels, the highest decrease since September, above forecasts for a rise of 520,000 barrels, while distillate supplies grew by 282,000 barrels, below estimates for a decrease of 2.05 million barrels.


The EIA's mixed petroleum data comes at a time when numerous nations are poised to impose new travel restrictions on Chinese tourists, dimming some of the euphoria that had followed the month-long removal of COVID restrictions. Multiple nations, including the United States, Italy, and Japan, imposed testing requirements on Chinese tourists.


It is anticipated that the efforts of the Biden administration to replenish the Strategic Petroleum Reserve by acquiring crude oil in the first quarter of 2016 will increase demand.


According to Craig Erlam, a senior market analyst at OANDA, efforts to replenish strategic petroleum stocks "should be positive for the market and should have provided some support."


Goldman Sachs decreased its price forecast for Brent crude in 2023 to $90/bbl from $110/bbl before, citing the recent decline in commodity prices, but highlighted that it remained bullish on oil prices in the medium term.


Goldman Sachs commented, "For oil prices, we remain bullish on oil prices in the immediate future due to the prospect of rising China demand, decreased supply growth from US shale due to discipline/tight service markets, and OPEC+ quota reduction."

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