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Real-time News
On May 14, 2026, the European Commission issued a preliminary ruling on the anti-dumping investigation into alkyl phosphonic acids and their sodium salts from China, deciding to impose provisional anti-dumping measures from May 14, imposing anti-dumping duties ranging from 182.9% to 219.4% on alkyl phosphonic acids and their sodium salts originating in China.On May 14th, Kyodo News reported that the Japanese government is considering a supplementary budget to alleviate the burden on households due to rising fuel costs. This move will put pressure on the countrys already strained fiscal situation. Sources indicated that the supplementary budget for this fiscal year would be used to support households that may be affected by rising gasoline and utility costs during the summer heat. Following the report, yields on 30-year and 40-year Japanese government bonds rose as investors anticipated that the government would increase bond issuance to raise funds for the supplementary budget. Japanese Prime Minister Sanae Takaichi had previously downplayed the possibility of a supplementary budget, believing that the governments existing funds were sufficient to cover current fuel subsidies.South Koreas information and communication technology (ICT) exports saw their largest year-on-year increase in April, driven by strong overseas demand for chips and other products related to the artificial intelligence (AI) ecosystem, data released on Thursday showed. According to statistics from the Ministry of Science and ICT, ICT exports rose 125.9% year-on-year to $42.7 billion in April. The ministry added that this was the largest year-on-year increase in percentage terms since data collection began, and the second largest export value. By product category, semiconductor exports grew by 173.3% to $31.9 billion during the period, driven by excess demand for memory chips fueled by continued investment in the AI field. Exports of computers and related accessories surged 430% to $4.3 billion, driven by demand for solid-state drives (SSDs), a key infrastructure in the AI supply chain.Citigroup predicts that the Nikkei 225 index will reach 72,000 points by March 2027, up from its previous forecast of 65,000 points.May 14 - Hunter Hunt, grandson of Texas oil tycoon HL Hunt, is concerned that damage to Middle Eastern energy infrastructure could lead to a decline in oil production in the coming years. Hunt discussed numerous issues surrounding the Iran-Iraq War, including oil production shutdowns, refinery damage, and the de facto closure of the Strait of Hormuz, through which approximately one-fifth of the worlds crude oil has been transported. "This is simply a nightmare that no one wants to see in their plans," Hunt said on Wednesday. Hunt, who rarely speaks publicly, heads the 91-year-old Hunter Oil Company, which operates globally, including in Yemen and the Kurdish region of Iraq.
