• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 14th, it was reported that in July, the China Securities Regulatory Commission (CSRC) approved nine Qualified Foreign Institutional Investors (QFIIs), bringing the total number of approved QFIIs this year to 69, bringing the total number of QFIIs in the market to 999. The CSRCs list of Qualified Foreign Institutional Investors shows that in July, the CSRC approved the following companies for QFII status: Engis Pension Plan Pte Ltd, Lingoto Investment Management Pte Ltd, Shengbang Hengchang Properties (Singapore) Pte Ltd, Faucet Management Pte Ltd, China Gas Yuanbang Petrochemical Co., Ltd., Singapore Teris Pte Ltd, Dexin Asset Management Pte Ltd, Diaqihua Pte Ltd, and Ruimu Investment Management Pte Ltd.On August 14th, Moons Dark Side issued a statement saying that it has reported to the public security authorities any activities involving fraudulent fundraising and suspected illegal activities using the companys name. The company will not tolerate such behavior and will pursue the matter to the end.On August 14th, the Wuxi Meteorological Observatory upgraded its heavy rain orange alert to an orange level at 18:27. Heavy rain is expected in most parts of Wuxi, especially in southern Yixing, Huangxiang and Huishan subdistricts of Liangxi District, and Huazhuang and Taihu subdistricts of Xinwu District, with some areas experiencing torrential rain. The 24-hour cumulative rainfall in some areas is expected to exceed 200 mm. In accordance with the "Wuxi Flood and Drought Relief Emergency Plan," and based on comprehensive assessment by the citys flood control headquarters, a Level II flood control emergency response was activated citywide at 18:00 on August 14th.August 14th - Robots are rapidly "entering factories to work," and capital is betting heavily on this sector. In the first half of 2026, the total financing amount in Chinas embodied intelligence sector exceeded 93.5 billion yuan, a five-fold increase year-on-year.On August 14th, affected by heavy rainfall brought by the remnants of Typhoon Dolphin (No. 13), the water level of Taihu Lake rose to 4.20 meters at 15:40, exceeding the warning level (3.80 meters) by 0.40 meters. According to the "National River Basin Flood Classification Regulations (Trial Implementation)," a major basin-wide flood has occurred in the Taihu Lake basin. Forecasts indicate that moderate to heavy rain will continue in the basin for the next two days, with the highest water level of Taihu Lake expected to exceed 4.30 meters, and water levels in some surrounding river networks exceeding the warning level. The Ministry of Water Resources upgraded the flood control emergency response for the Taihu Lake basin from Level IV to Level III at 18:00 on August 14th.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

2.png


Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)