• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 10th, the National Energy Administration issued the "Action Plan for Energy Conservation and Carbon Reduction in the Energy Sector (2026-2028)". The plan proposes to vigorously promote energy conservation and carbon reduction in thermal power. It calls for the orderly and prudent shutdown of a number of qualified 300 MW and below coal-fired power units, and encourages the construction of replacement units according to the requirements of next-generation coal-fired power. It also promotes the implementation of ultra-critical (supercritical) generational upgrades for a number of 600 MW coal-fired power units. Support is provided for qualified units to undergo zero-carbon and low-carbon fuel blending and carbon capture, utilization, and storage (CCUS) retrofits, with a target reduction of approximately 10% in carbon emissions per kilowatt-hour after the retrofits. The plan also calls for the implementation of a number of projects integrating coal-fired power, gas-fired power, and new energy sources, supporting the integration of coal-fired power and new energy sources through methods such as thermal energy storage coupling for peak shaving and integrated peak power generation and transmission, to achieve integrated carbon reduction effects.July 10th – According to the China Academy of Information and Communications Technology (CAICT), the Satellite Communications Working Group of the Industrial Internet Industry Alliance (hereinafter referred to as the "Satellite Communications Working Group") was officially established in Beijing recently, under the guidance of the Information and Communications Administration of the Ministry of Industry and Information Technology. The Satellite Communications Working Group aims to build a platform for industry exchange and cooperation, accelerate breakthroughs in key core technologies for satellite communications, promote technological innovation and development such as non-terrestrial networks (NTN), and pool resources to jointly cultivate an open and shared satellite communications industry ecosystem, contributing to the construction of a manufacturing powerhouse, a space powerhouse, a cyber powerhouse, and a digital China.July 10th - The China Federation of Logistics and Purchasing (CFLP) released the "2026 China Highway Transport Capacity Development Report" today (July 10th). According to the report, the highway transport market will continue to adjust and optimize in 2025, with the capacity structure accelerating its upgrade towards large-scale, professional, and green development. Enterprises risk resistance and resilience in normalized operations have improved. Survey data shows that fuel-powered vehicles still dominate the current highway freight capacity structure, accounting for approximately 50%, but new energy vehicles have formed an irreversible substitution trend in specific scenarios. Among the surveyed enterprises, the penetration rate of new energy trucks is 44.4%. Of the enterprises that have already purchased new energy vehicles, 37.5% chose to "continue to expand their new energy vehicle fleet," and 37.5% chose to "maintain their existing scale."The main Shanghai silver futures contract surged 4.00% intraday, currently trading at 14,805.00 yuan/kg.On July 10, Japans Nuclear Regulation Authority (NRA) reported on July 9 that improper management of counterterrorism-related classified information at Tokyo Electric Power Companys Fukushima Daiichi and Fukushima Daini nuclear power plants allowed unauthorized personnel easy access to such information. The NRA stated that the two nuclear power plants possessed numerous classified documents related to counterterrorism measures, which should have been strictly managed and stored in designated locations for access only by authorized personnel. However, an investigation revealed that these documents were stored in shared folders on computers across multiple departments, allowing even staff without proper access to view them. According to the NRA, no leaks of classified information have been found so far, but further investigation will be conducted to determine the cause of the information management lapse.

USD/CHF Consolidates Around 0.9040 As Attention Shifts To US Inflation

Daniel Rogers

Apr 10, 2023 14:27

USD:CHF.png

 

The USD/CHF pair continues to trade lacklusterly above the crucial support level of 0.9036 in the early Tokyo session. Investors are shifting their focus to Wednesday's release of United States Consumer Price Index (CPI) data, making it difficult for the Swiss Franc to gain traction.

 

As tensions between China and Taiwan escalate, S&P500 futures have pared some of their gains. The market's anxiety has been alleviated by the increasing intensity of Chinese military exercises around Taiwan Island. In addition, concerns of a recession are likely to cause volatility in US equities.

 

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNN that the recent banking turmoil caused by the dissolution of Silicon Valley Bank (SVB) and Signature Bank has increased the likelihood of a recession in the United States.  Despite the robustness and security of the banking system, the recent turmoil in the financial system is "another weight on the scale" toward recession, he added.

 

The US Dollar Index (DXY) is protecting the 102.00 support level ahead of US Consumer Price Index (CPI) data. According to the consensus, headline inflation will fall from 6.0% to 5.2%. In addition, the headline monthly CPI would decelerate to 0.3% from 0.4% previously reported. As a consequence of oil prices remaining low in March, inflationary pressures are anticipated to become evident.

 

In contrast, the core CPI, which excludes crude and food prices, is anticipated to increase to 5.6% from 5.5%. The tenacity of inflationary pressures is maintained by the resiliency of demand for essential products, as a result of a higher labor cost index. A similar event could compel the Federal Reserve (Fed) to raise rates again at its May monetary policy meeting.

 

Regarding the Swiss Franc, Swiss markets are suspended on Easter Monday. This week, the Producer Price Index (PPI) data will have an impact on the Swiss Franc.