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March 3 – Representatives from the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (MAMacao) met today (March 3) to exchange views on further strengthening multi-dimensional financial cooperation between the two places. During the meeting, they jointly signed a revised Memorandum of Understanding (MOU). The HKMA and MAMacao have maintained close cooperation in banking supervision for many years. This revision of the MOU mainly expands upon the existing cooperation by adding chapters on financial infrastructure cooperation, information exchange and interaction in monetary and data statistics, and industry cooperation training and exchanges between the two places, thereby further enriching the scope of the MOU.March 3rd Futures News: The following are the warehouse receipts and changes for various commodities traded on the Shanghai Futures Exchange: 1. Stainless steel warehouse futures receipts: 51,531 tons, a decrease of 594 tons from the previous trading day; 2. International copper futures warehouse receipts: 13,305 tons, a decrease of 710 tons from the previous trading day; 3. Petroleum asphalt plant warehouse futures receipts: 54,110 tons, unchanged from the previous trading day; 4. Petroleum asphalt warehouse futures receipts: 24,640 tons, unchanged from the previous trading day; 5. Medium-sulfur crude oil futures warehouse receipts: 2,557,000 barrels, unchanged from the previous trading day; 6. Natural rubber futures warehouse receipts: 115,070 tons, unchanged from the previous trading day; 7. Butadiene rubber futures warehouse receipts: 41,140 tons, an increase of 270 tons from the previous trading day; 8. TSR20 rubber futures warehouse receipts: 50,601 tons, unchanged from the previous trading day; 9. Tin futures warehouse receipts were 11,316 tons, a decrease of 215 tons from the previous trading day; 10. Lead futures warehouse receipts were 54,888 tons, a decrease of 41 tons from the previous trading day; 11. Fuel oil futures warehouse receipts were 0 tons, unchanged from the previous trading day; 12. Alumina futures warehouse receipts were 326,638 tons, unchanged from the previous trading day; 13. Hot-rolled coil futures warehouse receipts were 432,798 tons, an increase of 4,410 tons from the previous trading day; 14. Rebar warehouse futures warehouse receipts were 9,328 tons, unchanged from the previous trading day; 15. Low-sulfur fuel oil warehouse futures warehouse receipts were 62,730 tons, unchanged from the previous trading day; 16. Copper futures warehouse receipts were 300,505 tons, an increase of 4,624 tons from the previous trading day; 17. Pulp warehouse futures warehouse receipts were 138,011 tons, unchanged from the previous trading day; 18. 19. Pulp mill futures warehouse receipts: 15,000 tons, unchanged from the previous trading day; 20. Silver futures warehouse receipts: 307,484 kg, a decrease of 1,952 kg from the previous trading day; 21. Nickel futures warehouse receipts: 53,649 tons, a decrease of 72 tons from the previous trading day; 22. Zinc futures warehouse receipts: 73,097 tons, an increase of 2,359 tons from the previous trading day; 23. Aluminum futures warehouse receipts: 316,153 tons, an increase of 21,365 tons from the previous trading day; 24. Gold futures warehouse receipts: 105,060 kg, unchanged from the previous trading day.Futures News, March 3rd: The rapidly deteriorating geopolitical situation in the Middle East provides both room and impetus for continued short-term increases in international crude oil prices, with the price change rate expected to remain positive. Retail price limits for refined oil products are poised for their first "four-consecutive-increase" this year, providing policy support for domestic gasoline and diesel prices. Following the Spring Festival holiday, gasoline demand is expected to weaken marginally, but diesel terminal operating rates will gradually recover, potentially improving speculative demand on the trading side. Overall, both domestic gasoline and diesel prices are expected to rise, but the increase in gasoline prices will be less than that of diesel prices, narrowing the wholesale price difference between gasoline and diesel.Traders no longer expect the Bank of England to cut interest rates a second time this year.The yield on UK two-year government bonds rose 16 basis points to 3.8%, a new high since December 29.

Twitter Shares Fall as Musk's $44 Billion Take-Private Deal Faces "Serious Danger"

Charlie Brooks

Jul 08, 2022 11:08


During Thursday's after-hours trade, it was reported that Twitter's $44 billion take-private plan with Elon Musk is in "serious danger" as a result of Musk's decision to pull back fundraising efforts owing to continuous worries over spam accounts.


After-hours trading for Twitter Inc (NYSE:TWTR) declined by more than 3 percent following the news.d


According to unnamed sources cited by the Washington Post, Musk and his team suspended fundraising efforts for the acquisition after concluding that Twitter's data on spam accounts are unverifiable.


Twitter has stated that it deletes over 1 million spam accounts everyday and believes that bot accounts account for less than 5% of its user base. In an attempt to allay Musk's concerns, the social media behemoth has recently disclosed a plethora of data, but Musk's team remains skeptical and believes "they do not have enough information to analyze Twitter's financial prospects," according to a report citing sources.



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