• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Singapore Prime Minister Lawrence Wong: The economy is benefiting from a surge in demand for chips and electronic products related to artificial intelligence.On December 31, Meitu (01357.HK) announced that all conditions precedent to the subscription agreement have been fulfilled and the transaction was completed on December 31, 2025. Following the completion of the transaction, the Company has issued convertible bonds with a principal amount of US$250 million to the subscriber in accordance with the terms of the subscription agreement.On December 31, EU High Representative for Foreign Affairs and Security Policy Maria Kalas stated that Russias claims of recent attacks on key Russian government facilities in Ukraine are a deliberate attempt to divert attention. Moscow is trying to undermine the actual progress made by Ukraine and its Western partners in the peace process. Kalas emphasized that since the outbreak of the Russia-Ukraine conflict, Russia has indiscriminately attacked Ukrainian infrastructure and civilians, and its baseless accusations should not be accepted by anyone.On December 31st, the Ministry of Housing and Urban-Rural Development released the "Opinions on Improving Housing Quality." The document proposes improving industrial support. It encourages real estate development companies and construction engineering companies to transform into integrated providers of "good housing," streamlining the industrial chain from R&D, design, production, construction, decoration, operation and maintenance, to services, and cultivating new productive forces in the industry. It also calls for selecting regions with a certain foundation to create industrial clusters covering multiple fields such as building materials, home furnishings, and home appliances, innovating product systems and service models. Furthermore, it advocates conducting pilot projects to cultivate new growth points in green building, accelerating the upgrading of green building standards, and driving the healthy development of upstream and downstream industrial chains. Finally, it emphasizes improving the standardization and serialization of building components and parts, gradually establishing a professional, large-scale, and information-based production system based on standardized components.On December 31st, the Ministry of Housing and Urban-Rural Development released the "Opinions on Improving Housing Quality." The document proposes promoting the renovation and upgrading of existing housing. It calls for steadily advancing the renovation of urban villages and dilapidated housing, continuing the renovation of old urban residential areas, and comprehensively promoting energy-saving renovations of existing housing. It also emphasizes accelerating the construction of complete communities, improving embedded service facilities in urban communities, and creating high-quality living spaces. Furthermore, it calls for steadily promoting the renovation and upgrading of gas, water supply, heating, drainage, and fire protection pipelines, carrying out the renovation and upgrading of residential water supply pressurization and storage facilities, promoting professional operation and maintenance, and adding indoor gas safety and heating metering devices. The document encourages the use of methods such as trade-in, original demolition and reconstruction, and modular construction to support residents independent renovation of old housing. It also actively develops prefabricated decoration, promoting integrated kitchens and bathrooms, raised floors, and prefabricated partitions to shorten renovation time and facilitate maintenance.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

 截屏2022-08-08 上午11.52.29.png

 

The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.