Real-time News

Enterprise Singapore: For the week ending September 9, Singapore's light distillate fuel oil inventories increased by 1.196 million barrels to 11.874 million barrels, a one-month high; middle distillate fuel oil inventories increased by 326,000 barrels to 8.237 million barrels, a two-week high; and fuel oil inventories decreased by 98,000 barrels to 20.355 million barrels, a two-week low.

On September 10, Li Bin, Deputy Director and Spokesperson of the State Administration of Foreign Exchange, introduced at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that my country's direct investment has achieved basic convertibility, and cross-border securities investment has formed a cross-border investment system mainly based on institutional investor system, interconnection mechanism, and direct market access for overseas investors. Macro-prudential management is implemented across the board for cross-border financing.

On September 10th, at a press conference held by the State Council Information Office, Cong Lin, Deputy Director of the State Financial Regulatory Commission, stated that the Commission will guide financial institutions to adapt to the needs of consumption upgrading, support the expansion of commodity consumption, and continuously unleash the potential of service consumption and new types of consumption. The Commission will adhere to a close integration of investment in goods and investment in people, strengthen financial support for key areas of the "two major projects," "two new projects," "six networks," and the 109 major projects of the "15th Five-Year Plan," and strive to promote stable foreign trade, supporting the export of intermediate goods, the construction of overseas warehouses, and the development of cross-border e-commerce.

On September 10th, at a press conference held by the State Council Information Office, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange, stated that during the 15th Five-Year Plan period, my country's foreign trade exports and imports will develop in a more coordinated manner, outward investment and inward investment will further expand, and the balance of payments is expected to remain basically balanced. In the future, the State Administration of Foreign Exchange will better coordinate development and security, continuously promote the facilitation of cross-border trade and investment to enhance the momentum of foreign-related economic development, and promote a steady increase in the scale and continuous optimization of the balance of payments. It will also continuously improve macro-prudential management, strengthen the monitoring and early warning of cross-border capital flows, continuously enhance the vitality and resilience of the foreign exchange market, and prudently respond to external shock risks.

Local authorities say the attack by Ukraine on Russia’s Belgorod region has killed one person and injured two others.

On September 10th, international affairs columnist Marc Champion analyzed that the pro-Russian Alternative for Germany's (AfD) victory in the Saxony-Anhalt state elections last weekend was good news for Putin. In the coming year, other pro-Russian populist parties in Europe may also achieve electoral breakthroughs, thereby weakening European support for funding Ukraine and sanctions against Russia. France is likely to be one of the most important battlegrounds. This explains why Putin is unwilling to compromise in peace negotiations, even in the face of the increasingly severe economic and political costs of war. These factors will further reinforce his judgment that Russia is winning the information war in Europe, and given enough time, a new political landscape will allow Russia to prevail in the conflict, while simultaneously splitting the West and causing the NATO alliance to collapse.

Houthi rebels in Yemen: The Houthis successfully shot down a reconnaissance aircraft belonging to Karial, an enemy of Saudi Arabia. The aircraft was conducting hostile operations over Hajjah province when the Houthis used appropriate weaponry to shoot it down.

On September 10th, at a press conference held by the State Council Information Office, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange, stated that during the 15th Five-Year Plan period, my country's cross-border investment and financing is expected to remain active, with the scale of foreign assets and liabilities expected to further increase and the structure to continue to optimize. From the perspective of the overall balance of payments, current account surpluses and deficits among countries globally are a mirror image. In recent years, the global current account surplus has continued to expand, with a highly concentrated distribution across countries. The current account surplus and its distribution across countries are constantly adjusting in line with changes in industrial division of labor, and will continue to show a diversified distribution trend in the future. The funds flowing into my country from its current account surplus are used globally through overseas industrial and financial investments, promoting overall national investment balance and fostering the development of industries and financial markets in investment partner countries.

Italy's seasonally adjusted industrial production rose 0.7% month-on-month in July, below the expected 0.3% and the previous figure revised from -1.00% to -1.1%.

Italy's adjusted industrial production rose 0% year-on-year in July, compared with expectations of -0.6% and a previous reading of -0.60%.

On September 10th, Unitree Robotics announced the full open-sourcing of its UnifoLM-WLA-1.0 embodied pedestal model. According to the announcement, the single model coordinates desktop and full-body mobile operations, supporting cross-task and cross-end effector generalization.

On September 10th, at a press conference held by the State Council Information Office, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange, stated that during the 15th Five-Year Plan period, the trend towards multipolarity and economic globalization will not change. However, protectionism, geopolitical conflicts, and volatility in international financial markets will also pose challenges to economic operations. Considering both the internal and external environments, my country's balance of payments is expected to show a trend of increased scale, optimized structure, and overall balance during the 15th Five-Year Plan period.

Shares of U-Robot (03231.HK) in Hong Kong surged in late trading, rising more than 30% at one point, and are currently up 23%.

On September 10, at a press conference held by the State Council Information Office, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange, stated that during the 15th Five-Year Plan period, efforts will be made to promote more effective prevention and control of cross-border capital flow risks and strengthen supervision. The "macro-prudential + micro-regulatory" dual management of the foreign exchange market will be continuously improved, and the macro-prudential management of cross-border capital flows will be continuously improved to effectively prevent systemic risks that may arise from large inflows and outflows of cross-border funds.

Iran's Ministry of Defense: Iran's defense industry continues to move forward along its own path, becoming stronger, more dynamic, smarter, and more advanced than ever before.

Iran's Ministry of Defense: Iran's defense industry is an indigenous industry, deeply rooted and built upon the knowledge and capabilities of the country's youth; it is indestructible.