Real-time News

June 19th - Today, the Ministry of Commerce issued the fifth notice regarding the implementation of the 2026 beef safeguard measures. The full text is as follows: As of June 18, 2026, beef imports from Australia under the beef safeguard measures had reached 100% of the quantity stipulated by the Ministry of Commerce in Announcement No. 87 of 2025. According to Announcement No. 87 of 2025, starting three days after the quantity of Australian beef imports reaches 100% (from midnight on June 20th), a 55% tariff will be levied on beef imported from Australia on top of the existing applicable tariff rate.

Bank of Japan: Governor Kazuo Ueda will return to his office on June 23 to continue his treatment for about two weeks.

BNP Paribas: The Bank of England is expected to raise interest rates by 25 basis points in September 2026, compared with previous forecasts of rate hikes in July and September 2026.

Bank of Japan: Bank of Japan Governor Kazuo Ueda was discharged from the hospital on June 19.

European Central Bank Chief Economist Lane: So far, this has been a medium-sized inflation shock.

European Central Bank Chief Economist Lane: It is wise to take things slowly on the issue of interest rates.

European Central Bank Chief Economist Lane: It's hard to say we shouldn't raise interest rates.

European Central Bank Chief Economist Lane: The European economy has shown considerable resilience.

European Central Bank Chief Economist Lane: Inflation will remain above 3% for the remainder of the year.

On June 19th, it was reported that on June 18th, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, met with Fakir, CEO of SABIC (Saudi Basic Industries Corporation). The two sides exchanged views on the company's operations and development in China, and strengthening investment cooperation. Ling Ji stated that in recent years, Sino-Saudi economic and trade cooperation has maintained healthy and sustained development, with Saudi Aramco and SABIC being active participants and contributors. During the 15th Five-Year Plan period, China will accelerate the adjustment and optimization of its industrial, energy, and transportation structures, and steadily promote green and low-carbon transformation and development. He expressed hope that SABIC would leverage its advantages and continue to deepen its presence in the Chinese market.

Statoil: Supplying more natural gas to Europe.

The German DAX 30 index opened 22.00 points higher, or 0.09%, at 25050.06 on Friday, June 19th; the UK FTSE 100 index opened 14.98 points lower, or 0.14%, at 10384.72; and the French CAC 40 index opened 2.43 points higher, or 0.03%, at 8470.41. (European...) The Stoxx 50 index opened down 6.12 points, or 0.10%, at 6317.15 on Friday, June 19; the Spanish IBEX 35 index opened down 25.03 points, or 0.13%, at 19379.07 on Friday, June 19; and the Italian FTSE MIB index opened up 120.28 points, or 0.23%, at 52808.50 on Friday, June 19.

French Foreign Minister Barrow: The Iranian people are the biggest victims.

The CEO of Rosneft stated that, given the current risk environment, the company believes share buybacks are unlikely to have a substantial impact on its market capitalization.

The CEO of Rosneft stated that the company exports almost no petroleum products and prioritizes supplying domestic consumers in Russia.

The CEO of Rosneft stated that the situation in the Russian fuel market is not easy, but all of the company's gas stations will continue to operate stably.

Rosneft CEO: The company is committed to increasing oil production, the OPEC+ agreement allows it to increase production, and all of the output will be sold.

French Foreign Minister Barro: The UN Security Council sanctions against Iran will not be lifted without French approval.

France's final first-quarter unadjusted monthly earnings growth rate was 0.7%, below the expected 0.70% and the previous reading of 0.70%.