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Futures Market Summary | Thursday, August 13th, CCTV News Highlights: 1. Expanding the "Pie" and Narrowing the Gap: Zhejiang Solidly Advances the Construction of a Common Prosperity Demonstration Zone. 2. Documentary "Jiang Zemin" Continues to Air Tonight. 3. Tianjin Continues to Strengthen Port Support and Promote the Integrated Development of Port, Industry, and City. 4. my country Comprehensively Promotes the Construction of a Beautiful China. 5. Financial Services for the Real Economy Continue to Improve in Quality and Efficiency. 6. my countrys Regular Assistance Program Achieves a Steady Start. 7. my country Accelerates the Construction of a New Generation Communication Network. 8. Continuous Rainfall in Central and Eastern China: Various Regions and Departments Take Multiple Measures to Cope. 9. National Mobile Medical Teams Conduct On-Site Assistance, Bringing High-Quality Medical Services to Counties in Central and Western China. 10. Chinas Asian Elephant Population Shows Growth Against the Trend. 11. National Market Supervision Departments Investigate and Handle Over 23,000 Cases of Food Additive Abuse. 12. The First Section of the Lianyungang-Yizheng Crude Oil Pipeline Commences Operation. 13. The Shiziyang Bridge Completes Main Anchorage Construction Today. 14. The Three Gorges Dams throughput is projected to reach 100 million tons by 2026. 15. Suzhou Industrial Parks import and export value surpasses one trillion yuan. 16. Summer movie box office exceeds 9.1 billion yuan, setting new records for both audience numbers and screenings. 17. South Korean civic groups hold memorial service for "comfort women" victims. 18. Search and rescue operations continue in Colombia following the earthquake; the country declares a state of economic emergency. 19. Russian President Vladimir Putin visits disputed islands between Russia and Japan for the first time. 20. US strategic oil reserves fall below 300 million barrels, a 43-year low. 21. A US military helicopter crashes in Texas. 22. Flights are affected by the ongoing eruption of Mount Etna in Italy. 23. All regions of mainland France implement water rationing due to drought.JD.coms Q2 earnings call will be held in ten minutes.Market news: A cruise ship carrying more than 100 passengers caught fire in Fethiye, Türkiye.On August 13th, Nomura Securities strategists predicted that the Swedish central bank would keep its policy rate unchanged at 1.75% in August and maintain it throughout 2026. Despite subdued and stable inflation expectations in Sweden, stronger economic activity data, Middle East-related energy risks, and anticipated tightening by the European Central Bank have increased the likelihood of an earlier rate hike by the Swedish central bank. The bank stated, "Furthermore, the European Central Bank has already raised rates once this year, and we expect it to raise rates again in September. While we believe these pressures will not prompt the Swedish central bank to vote for a rate hike this time, the risk to our forecast for the Swedish central banks policy rate is that the rate hike could occur earlier than our current expectation of December 2027."IREN delivered Horizon 1 to Microsoft and obtained NVIDIA Exemplar Cloud certification on the GB300 NVL72 platform.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

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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.)


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