EUR/USD 1.15750
-0.117%
Gold 4320.37
0.263%
Oil 79.149
-0.865%
USD/JPY 160.292
-0.033%
GBP/USD 1.33919
-0.152%
GBP/JPY 214.666
-0.177%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
June 16th - According to the latest report, "China Non-IA Chip Server Market Share," released by International Data Corporation (IDC), shipments of non-IA chip servers in China will reach 1.423 million units in 2025, representing a year-on-year increase of 24.3%, far exceeding the overall market growth rate of 4.4%. Among them, Huakun Zhenyu ranks first in terms of the market share of non-IA chip server shipments in China with 13.7%. In terms of server volume, over 80% are general-purpose servers, with demand from edge inference applications being one of the core drivers of the growth in server volume.Hong Kong stocks fell more than 2% in the afternoon, while the Hang Seng Tech Index fell 1.42%. Hua Hong Semiconductor (01347.HK), China Hongqiao (01378.HK), and China Resources Mixc Lifestyle (01209.HK) fell more than 5%, Bilibili (09626.HK) and Kuaishou (01024.HK) fell more than 4%, and Baidu (09888.HK), Meituan (03690.HK), Horizon Robotics (09660.HK), and SenseTime (00020.HK) all fell more than 3.5%.Reserve Bank of Australia Governor Bullock will hold a monetary policy press conference in ten minutes.June 16 – The 68th meeting of the Standing Committee of the 14th National Peoples Congress (NPC) was held on the morning of June 16 at the Great Hall of the People in Beijing. Chairman Zhao Leji presided over the meeting. The meeting decided that the 23rd session of the Standing Committee of the 14th NPC will be held in Beijing from June 23 to 26. The meeting recommended that the 23rd session of the Standing Committee of the 14th NPC deliberate on the State Councils proposals regarding the draft revisions to the Bidding and Tendering Law, the draft Financial Law, the draft revisions to the Law of the Peoples Bank of China, and the draft decision authorizing the Hong Kong Special Administrative Region to exercise jurisdiction over the Hong Kong side of the Huanggang Port and related extended areas.According to The Information: DeepSeek has completed a record funding round of over $7 billion, valuing the company at over $50 billion.

Oil prices fall as supply increases and Chinese demand decreases

Aria Thomas

Sep 01, 2022 10:56

7.png


Oil prices declined in early Asian trading on Thursday, pressured lower by increased supply and worries that China's new COVID-19 restrictions may further hurt the global economy.


Brent crude futures fell 37 cents, or 0.4%, to $95.27 a barrel at 00:06 GMT. West Texas Intermediate (WTI) oil futures dropped 32 cents, or 0.4%, to $89.23 per barrel.


Recent market volatility has been influenced by concerns over inadequate supply in the months following Russia's invasion of Ukraine and as OPEC attempted to increase output.


In spite of this, production in both OPEC and the United States has reached its highest level since the outbreak of the coronavirus. OPEC's output hit 29.6 million barrels per day (bpd) in the most recent month, while U.S. output rose to 11.82 million bpd in June, according to a Reuters survey. Since April 2020, both have achieved their highest points.


As a result of new COVID infections, the worst heat wave in decades, and a problematic property market, China's manufacturing activity continued to decline in August, signaling that the economy may struggle to retain momentum.


Group of Seven finance ministers will discuss the U.S. Biden administration's proposed price ceiling on Russian oil during their meeting on Friday, according to the White House.

Suggestion