Real-time News

An executive at Indian Oil Corporation said that due to the Middle East crisis, the company now sources about 85% of its oil from the spot market, compared to 50% previously.

The General Staff of Ukraine: We struck a Russian maritime drone depot in Crimea.

Indian Oil Corporation executives: The company's refining capacity expansion will increase crude oil processing volume to 85 million tons in 2027/28.

Indian Oil Corporation executives predict the company will lose approximately 250 rupees for every 14.2 kg LPG cylinder sold in its retail business between July and September.

Ukrainian President Zelensky: Ukraine lacks air defense equipment and only managed to shoot down one Russian ballistic missile.

Ukrainian President Zelensky: Russia launched 35 missiles and 185 drones to attack Ukraine.

August 1st - According to Sputnik News Agency, a Moscow source stated that Russia is ready to negotiate with Ukraine. He said, "Russian officials have repeatedly stated that we have always been open to negotiations. It is the Ukrainian side that has interrupted (the negotiations) and even personally prohibited them." The source also stated that Moscow has never rejected constructive proposals regarding the form of contact with Ukraine.

August 1st - According to Shenzhen TV News, Shenzhen's real estate market continued its active momentum from the first half of the year since July. A total of 8,324 new and existing homes were sold in July, a year-on-year increase of 13.8%. In July alone, 3,529 new homes were sold, a year-on-year increase of 32.7%. "Good housing" projects have continued to sell well this year, with an average sell-through rate of around 70% on the opening day, indicating high market activity. In July, 4,795 existing homes were sold, a year-on-year increase of 3%, accounting for approximately 60% of total new home sales.

On August 1st, the Ministry of Natural Resources, the National Forestry and Grassland Administration, the China Coast Guard, and the Hainan Provincial People's Government jointly issued the "Management Measures for Huangyan Island National Nature Reserve." According to the measures, my country will establish a daily patrol system in the Huangyan Island National Nature Reserve to promptly investigate and punish various illegal activities. Officials from the Department of International Cooperation (Department of Marine Rights) of the Ministry of Natural Resources and the Department of Nature Reserve Management of the National Forestry and Grassland Administration stated on August 1st that the South China Sea Bureau of the Ministry of Natural Resources will assume the management responsibilities for the Huangyan Island National Nature Reserve, including daily protection and management, resource surveys and monitoring, and ecological protection and restoration. Given the reserve's unique geographical location and complex and diverse ecosystem structure, the Coast Guard should work with the management agency to establish a daily patrol system, appropriately allocate patrol personnel and equipment, and promptly investigate and punish various illegal activities that damage the natural resources and ecological environment of the reserve. Related illegal activities will be investigated and prosecuted in accordance with the provisions of the Ecological Environment Code, the Law on the Administration of Marine Area Use, the Law on the Protection of Islands, the Wildlife Protection Law, the Coast Guard Law, and the Regulations on Nature Reserves.

SAIC-GM-Wuling's global sales reached 120,050 units in July, with 72,695 new energy vehicles sold.

Jihu Auto: 23,517 vehicles were delivered in July, up 150.45% year-on-year, with cumulative deliveries exceeding 100,000 vehicles from January to July.

On August 1st, Japan's Ministry of Finance posted on the social media platform X that the Japanese monetary authorities have multiple tools at their disposal to meet market liquidity needs. These tools include, as appropriate, the use of the Federal Reserve's Standing Repurchase Facility (FIMA), which accepts U.S. Treasury securities as collateral to provide temporary dollar liquidity. The Ministry of Finance stated, "We are prepared to utilize available tools as needed to support the orderly functioning of the market."

August 1st - According to reports from the United States on July 31st, July this year is expected to be the hottest month on record in the continental United States. Meanwhile, a new "heat dome" is forming in the western United States, and the high temperatures are expected to continue. It is reported that as of July 29th, the average temperature in the United States this July was about 1.4 degrees Celsius higher than the average for the same period from 1991 to 2020. Although the final average temperature data for July will not be released until early August, media predictions suggest that this figure could break the record set in July 2012, making July this year the hottest month on record in the continental United States.

On August 1st, the South Korean National Assembly passed an amendment to the Criminal Procedure Act on July 31st, abolishing the prosecutor's authority to conduct direct and supplementary investigations. This is another legislative measure in South Korea's push for reform of the prosecutorial system. The National Assembly passed the amendment with 175 votes in favor, 2 against, and 1 abstention. According to the amendment, the prosecutor's office will no longer have the authority to conduct direct investigations, nor may it conduct supplementary investigations on its own. If a prosecutor believes a case requires further investigation, they can only request the judicial police to conduct supplementary investigations.

August 1st - According to the Japan Meteorological Agency, a magnitude 5.8 earthquake struck off the coast of Aomori Prefecture, Japan, at approximately 11:48 AM local time today (August 1st). The maximum tremor was felt at intensity 4, and the epicenter was at a depth of 80 kilometers. There is no risk of a tsunami.

According to the Japan Meteorological Agency, a 5.8-magnitude earthquake struck off the coast of Aomori Prefecture, Japan, on August 1.

The UK Maritime Trade Organization reports that a tanker's chief safety officer said projectiles damaged the tanker's engine room.

The UK Maritime Trade Organization reports that the chief safety officer of an oil tanker has said the ship was attacked by an unidentified flying object.

On August 1st, Yonhap News Agency reported that driven by strong demand for memory chips, South Korea's exports surged nearly 63% year-on-year to $98.99 billion in July, marking the second-highest monthly export value on record, second only to June's $102.2 billion. Imports increased by 26.5% to $68.56 billion, resulting in a trade surplus of $30.32 billion. By industry, semiconductor exports skyrocketed 179% to $41 billion, exceeding the $40 billion mark for the second consecutive month. Despite intensified competition, global memory product prices remained high. Data shows that exports to the US surged 68.7% to $17.4 billion, driven by AI data center investment projects launched by major high-tech companies. South Korean Minister of Trade, Industry and Energy Kim Jung-kwan stated that, driven by the strong performance of the semiconductor industry, 19 of South Korea's 20 major export categories achieved growth, demonstrating the significant effectiveness of export diversification.