EUR/USD
1.17449
-0.312%
Gold
4702.00
-0.689%
Oil
97.958
2.616%
USD/JPY
157.597
0.239%
GBP/USD
1.35339
-0.553%
GBP/JPY
213.295
-0.310%
Real-time News
On May 12th, Futures reported that the China Coastal Coal Freight Index (CBCFI) was at 1207.64 points, down 3.2%. The hot weather in central and eastern China continued, and with positive expectations for summer coal-fired power generation, coal prices remained high. However, downstream end-user acceptance was generally low, with long-term contracts dominating transport. This led to a decrease in cargo volume in the transportation market and a decline in coastal coal freight rates.May 12 – Canada hopes to reach free trade agreements with the Philippines and the broader Southeast Asian group this year to strengthen business ties with the region and expand trade beyond the United States. Canadian International Trade Minister Manidel Sidu visited the Philippines on Tuesday, meeting with Philippine Trade Secretary Christina Roque and Finance Secretary Frederic Go. After the meetings, Sidu stated, “The negotiations are progressing very well.” Sidu noted that Canada has also joined the Luzon Economic Corridor project, supported by the United States and Japan, with Canada contributing C$2 million. He indicated that potential investment areas include data centers, logistics, and energy.On May 12, Premier Li Qiang sent a congratulatory message to Péter Majolóri, congratulating him on assuming office as Prime Minister of Hungary. Li Qiang stated that China has always regarded Hungary as an important partner in Europe and is willing to work with Hungary to carry forward traditional friendship, enhance political mutual trust, deepen pragmatic cooperation, and promote the steady and long-term development of China-Hungary relations to better benefit the people of both countries.ECB Governing Council member Pacharidis: There is a possibility that the ECB will not raise interest rates.EU Climate Action Commissioner: Europe must increase its own energy production, needs more renewable energy, but also needs to develop nuclear energy.
