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On January 22, the New Development Bank (NDB), headquartered in Shanghai, signed a cooperation agreement with Shanghai Rural Commercial Bank on a green relending project. This project, centered on "financial support for Shanghai's green development," will see the NDB provide the equivalent of US$100 million in five-year RMB funding specifically to support three key green areas: renewable energy and energy efficiency, environmental protection, and digital infrastructure. Xu Li, Party Secretary and Chairman of Shanghai Rural Commercial Bank, stated that green development has become a global consensus, and green finance is the core engine for achieving "dual carbon" targets and driving a comprehensive green transformation of the economy and society.
Ukrainian President Zelensky: Russia is trying to freeze Ukrainians to death.
Ukrainian President Zelensky: The meeting with US President Trump was productive and substantive.
Industry sources say that trading company Vitor is shipping a shipment of Venezuelan crude oil to its Salas refinery in Italy.
Ukrainian President Zelensky: I have discussed Ukraine's air defense with US President Trump.
Ukrainian President Volodymyr Zelenskyy urged action to counter Russian missiles deployed in Belarus.
Mexican President Sinbaum: Will try to speak with Canadian Prime Minister Carney.
French President Macron: France has intercepted an oil tanker linked to Russia in the Mediterranean.
Ukrainian President Zelensky: Europe needs a united armed force.
Ukrainian President Zelensky: Why can US President Trump intercept oil tankers and seize oil, but Europe cannot do the same to Russian oil?
Ukrainian President Zelensky: Maduro is on trial, while Russian President Putin has not yet been tried.
Ukrainian President Zelensky: Most leaders are just waiting for the US attitude toward Greenland to cool down.
Ukrainian President Zelensky: The meeting with US President Trump went very smoothly.
January 22 – The U.S. economy grew slightly faster than initially projected in the third quarter, driven by strong exports and a reduced drag from inventory factors. Newly released data shows that the final annualized quarterly rate of U.S. real GDP in the third quarter, adjusted for inflation, was 4.4%, the fastest pace in two years. This is one of the strongest two consecutive quarters of growth since 2021, when the economy was still recovering from the pandemic. Businesses slowed their imports after a rush to buy goods at the beginning of the year before Trump's massive tariffs. However, despite the volatile trade policy, consumer and business spending remained strong. With strong economic growth, a stabilizing job market, and inflation still above the Federal Reserve's target, policymakers are expected to keep interest rates unchanged at next week's meeting.
January 22nd - Initial jobless claims in the U.S. remained largely unchanged last week, staying at a low level compared to the volatile holiday season. According to data released by the U.S. Department of Labor on Thursday, initial jobless claims rose by 1,000 to 200,000 in the week ending January 17th. Continuing jobless claims fell to 1.85 million last week, the lowest level since November. Initial jobless claims typically fluctuate in the last few weeks of the year, which is normal during the holiday season. However, the latest weekly data shows that the current labor market is characterized by limited layoffs.
Bank of America CEO Moynihan: Bank of America is in talks with the government on affordability issues.
January 22nd - A flurry of policy deployments are underway to deepen the construction of a unified national market and thoroughly address "involutionary" competition. Unlike previous efforts, this time the focus is not solely on administrative measures, but on optimizing the competition mechanism institutionally to promote high-quality economic development. In recent days, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation have all spoken out on "anti-involution," outlining measures to strengthen capacity management in key industries and regulate fiscal subsidies. Policy documents such as the Regulations on the Construction of a Unified National Market, the List of Items Hindering the Construction of a Unified National Market, and the List of Encouraged and Prohibited Items for Investment Promotion are expected to be released, providing greater legal protection and institutional support for "anti-involution."
Bank of America CEO Moynihan: Credit card limit caps slow down spending and reduce availability.
French Foreign Ministry: France will not join the Peace Commission at this time.
Procter & Gamble (PG.N) CFO: The company expects stronger growth in the second half of the year.
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Apr 20, 2023 13:54