EUR/USD
1.15131
-0.795%
Gold
5087.19
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Oil
111.257
25.657%
USD/JPY
158.870
0.613%
GBP/USD
1.32913
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GBP/JPY
211.163
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Real-time News
March 9th - This morning, Liu Wei, Minister of Transport, stated at the second "Ministerial Corridor" session of the Fourth Session of the 14th National Peoples Congress that this year, in order to make travel more comfortable, efforts will be made to actively cultivate services such as senior citizen trains, direct shuttle buses to scenic spots, and domestic air express lines, and comprehensively improve the layout and construction of the small and micro passenger vehicle rental network.Traders said the Reserve Bank of India is likely to sell dollars to curb the rupees decline as soaring oil prices trigger market turmoil.On March 9th, the second "Ministerial Corridor" of the Fourth Session of the 14th National Peoples Congress was held at the Great Hall of the People, where Minister of Agriculture and Rural Affairs Han Jun was interviewed by reporters. Han Jun introduced that during the "14th Five-Year Plan" period, my countrys agricultural technology and equipment conditions have significantly improved, and agricultural modernization has reached a new level. The contribution rate of agricultural science and technology progress has exceeded 64%, the coverage rate of improved varieties has exceeded 96%, and the comprehensive mechanization rate of crop cultivation, planting, and harvesting has reached 76.7%, with major grain crops achieving full mechanization. The intelligent and digital transformation of agriculture is also accelerating, with various intelligent equipment playing a significant role in agricultural production. Last year, more than 300,000 drones were used in agriculture, the most in the world, serving 460 million mu of arable land. Currently, intelligent harvesting robots, intelligent irrigation robots, and AI laser weeding robots are also beginning to be used in agriculture.March 9th - On the morning of March 9th, Liu Wei, Minister of Transport, stated at the second "Ministerial Corridor" session of the Fourth Session of the 14th National Peoples Congress that during the "15th Five-Year Plan" period, the Ministry of Transport will continue to prioritize the high-quality development of "four-good" rural roads as a major task, pay more attention to the maintenance and operation of rural roads, and vigorously promote the integrated development of rural passenger, freight, and postal services.March 9th - Capital Economics stated that there are strong reasons to believe Japanese wage growth will strengthen, prompting the Bank of Japan to soon resume tightening policies. However, uncertainty stemming from the Iranian conflict could prompt the Bank of Japan to postpone interest rate hikes for longer. Spring wage negotiations are likely to yield another strong pay rise, and earlier preliminary labor cash income data showed wage increases in January. However, Capital Economics senior economist Abhijit Surya stated that the Iranian conflict has cast a shadow of uncertainty over the global economy, and the Bank of Japan may be concerned about the Japanese economy being drawn into the conflict. While soaring energy prices are likely to bring inflation to Japan—unless the government intervenes heavily—Capital Economics maintains its base case scenario of a June rate hike, but also points out that this view carries significant risks.
