EUR/USD 1.11949
0.177%
Gold 3147.73
-0.935%
Oil 61.310
-1.748%
USD/JPY 146.068
-0.459%
GBP/USD 1.32792
0.134%
GBP/JPY 193.972
-0.280%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 15, at the "Shenzhen-Hong Kong Capital Market Integration and Development and Hong Kong Listing Seminar", Wan Yong, Chief Executive Officer of Jie Li Trading, said that if you dont go overseas, you will be out of the game. International layout is becoming more and more important for the development of mainland enterprises. In the early days, AH dual listings were mainly large enterprises in the fields of banks, securities companies, oil and coal, aviation, and infrastructure. In recent years, industries such as automobiles, mining, home appliances, and pharmaceuticals have become more common. From the perspective of the system, as one of the advantages of listing on the Hong Kong stock market, it is relatively convenient for Hong Kong-listed companies to refinance after listing. In the first four months of this year, the cumulative refinancing scale of the Hong Kong stock market was nearly HK$150 billion, a significant increase of about 377% over the same period last year.Reuters poll: So far, 16 of 29 economists are "strongly" or "somewhat" supportive of Japans tariff talks with the United States.On May 15, Geely Automobile announced that the groups sales hit a record high of 703,800 vehicles in the three months ending March 31, 2025, a year-on-year increase of 48%. Revenue for the quarter was RMB 72.495 billion, a year-on-year increase of 25%. Profit attributable to the owners of the parent company was RMB 5.672 billion, a year-on-year increase of 264%. The new energy business grew strongly, with Galaxy brand sales increasing by 214% year-on-year, and profitability improved across the board. The groups total assets were RMB 264.246 billion, a decrease of 2% from December 31, 2024, and the equity attributable to the owners of the parent company was RMB 87.789 billion, an increase of 1%.Reuters poll: 67% of economists expect the Bank of Japan to keep its key interest rate at 0.50% until the end of September this year.Reuters poll: 52% of economists expect the Bank of Japan to raise its benchmark interest rate to at least 0.75% by the end of this year.

The price of oil decreases, taking a pause from a sharp surge

Charlie Brooks

Jul 19, 2022 10:30

g2.png


Oil prices declined on Tuesday, taking a breather after rising more than $5 a barrel in the previous session, as a weakening dollar boosted buying excitement and investors speculated that the U.S. Federal Reserve may not hike interest rates as anticipated.


Brent oil futures for September delivery fell 69 cents to $105.58 per barrel at 00:36 GMT. The 5.1% increase on Monday was the greatest percentage gain since April 12.


WTI oil futures for August delivery fell 65 cents to $101.95 per barrel. On Monday, the contract jumped by 5.1%, the largest percentage gain since May 11.


The WTI August contract expires on Wednesday, while the more actively traded September future fell 63 cents to $98.79 a barrel.


Both benchmarks had weekly declines of more than 5 percent last week.


As Western sanctions on Russian crude and gasoline supplies impeded trade flows to refiners and end-users, oil prices oscillated between supply anxieties and rising concern that central bank measures to tame surging inflation may cause a recession that would diminish future fuel demand.


This week, two Federal Reserve officials stated that the central bank is unlikely to raise interest rates by more than 75 basis points at its July 26-27 meeting.


A drop in the rate of growth might result in a less severe economic recession, hence reducing fuel use.

Suggestion