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On November 18th, Baidus Q3 financial report showed that Carrot Expresss global ride-hailing service reached 3.1 million trips in Q3, a year-on-year increase of 212%, continuing to accelerate compared to the 148% growth rate in Q2. In October, Carrot Expresss weekly fully driverless rides exceeded 250,000. As of November, the cumulative number of global ride-hailing services exceeded 17 million. It is understood that Carrot Expresss footprint has covered 22 cities worldwide, with fully driverless mileage exceeding 140 million kilometers and total autonomous driving mileage exceeding 240 million kilometers.On November 18th, Baidu released its Q3 2025 financial report, showing total quarterly revenue of 31.2 billion yuan and core revenue of 24.7 billion yuan. In Q3, Baidu disclosed its AI business revenue for the first time, showing a year-on-year growth of over 50%. Specifically, AI cloud revenue increased by 33% year-on-year; AI application revenue reached 2.6 billion yuan; and AI-native marketing service revenue increased by 262% year-on-year to 2.8 billion yuan.On November 18, Geely Automobile (00175.HK) announced that it has entered into a share repurchase agreement with independent broker Morgan Stanley & Co. International plc, under which the broker or its affiliates will repurchase shares on the Hong Kong Stock Exchange for a maximum amount of HK$2.3 billion. These repurchases will be conducted in accordance with the predetermined parameters set out in the repurchase agreement and at the sole discretion of the broker (independent of the company and its connected persons).Baidu (BIDU.O) rose more than 2.5% in pre-market trading.Baidu (BIDU.O): In the third quarter, revenue from AI-driven businesses increased by more than 50% year-on-year, reaching approximately RMB 10 billion.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

AUD:JPY.png 

 

Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.


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