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On December 8th, Netflix (NFLX.O) rose 0.9% in pre-market trading, while Warner Bros. Discovery (WBD.O) fell 1.9%, after Trump stated that the proposed $72 billion sale of Warner Bros. to Netflix "could be problematic." Trump indicated on Sunday that if the acquisition went through, Netflixs market share would be too large, and stated that he would be involved in the decision-making process for the deal. Richard Hunter, head of markets at Interactive Investor, said antitrust concerns are looming over the deal, which could delay its completion to the later end of the 12- to 18-month guidance range given by Warner Discovery and Netflix.December 8th - The Sentix index, which measures investor confidence in the Eurozone, rose to -6.2 in December, up from -7.4 in November and better than the market expectation of -7.0, but Germany remains a stumbling block to recovery. Sentix said on Monday that a survey of 1,063 investors conducted from December 4th to 6th showed that the assessment of the current situation improved to -16.5 from -17.5 in November. Economic expectations for the next six months also rose to 14.8 from 3.3 in November. Sentix stated, "The Eurozone economy can at best be said to be stabilizing. Therefore, the Eurozone is unlikely to benefit as much as survey participants felt from the global momentum seen in almost all other regions and countries. The reason for this by the end of the year lies with Germany." Germanys overall index fell to -22.7 from -20.4, its lowest level since April; the assessment of the current situation dropped to -41.8, a new low since February.On December 8th, Xiao Yuanqi, Deputy Director of the State Financial Regulatory Commission, stated that the sustainability assessment of insurance companies business models should be included as a key regulatory focus. For any company, building a sustainable business model is always a crucial task that the board of directors and management must address and regularly evaluate and improve. We have seen that many companies that have historically faced significant risks or even gone bankrupt have failed due to flawed business models, and insurance companies are no exception. For a long time, global insurance regulation has explored a relatively complete regulatory logic and framework, which is generally effective. Guided by the risk-based regulatory philosophy, a series of regulatory systems, tools, and methods have been developed internationally for liquidity risk, solvency risk, credit risk, and market risk. However, the regulatory assessment of business models has not received due attention. In fact, given the new challenges and the fundamental characteristic of long-term business operations, establishing a sustainable business model and building a true "century-old enterprise" is particularly important for insurance companies. This is not only necessary for maintaining financial stability but also for protecting the long-term interests of insurance stakeholders.The Dutch government has allocated an additional €700 million for military aid to Ukraine in 2026.Warner Bros. Discovery Inc. (WBD.O) fell 1.8% in pre-market trading, after rising more than 6% in the previous session.

Oil prices fall owing to rising U.S. stocks and weaker demand

Skylar Williams

Jul 13, 2022 11:03

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Oil prices dipped in early Asian trade on Wednesday with the release of U.S. inventory data indicating a rise in crude oil and refined products, amid rising fears of a global economic slowdown.


Brent oil futures shed 68 cents, or 0.7 percent , to $98.81 a barrel at 0002 GMT. The price of U.S. West Texas Intermediate crude oil dropped 72 cents, or 0.8 percent, to $95.12 a barrel, which is also the lowest level in three months.


Concerned that aggressive interest rate increases to battle inflation may precipitate a recession, which will severely influence oil consumption, investors have sold their oil holdings. Due to volatile trading, prices dropped by more than 7 percent in the previous session.


China's renewed COVID-19 travel restrictions had an effect on the market. Multiple cities in the world's second-largest economy have enacted further restrictions, ranging from firm closures to wider lockdowns, to prevent the spread of a highly dangerous virus strain.


During the week ending July 8, crude oil stocks climbed by around 4.8 million barrels in the United States. According to market sources citing data issued by the American Petroleum Institute on Tuesday, gasoline supplies grew by 3 million barrels, while distillate stockpiles increased by 3,3 million barrels.


The dollar index, which compares the dollar to a basket of six other currencies, reached its highest level since October 2002 on Tuesday, reaching 108.56.


Since oil is frequently priced in U.S. dollars, a stronger dollar makes the commodity more expensive for foreign currency holders. During times of market volatility, the dollar is often viewed as a safe haven by investors.