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Pertamina: We have signed a memorandum of understanding with a US company to optimize feedstock or crude oil and explore potential cooperation in the refining industry.

Market News: Artificial intelligence company MiniMax was recently valued at approximately $4 billion.

The Hang Seng Index in Hong Kong opened up 113.93 points, or 0.46%, at 24,704.05 points on July 16 (Wednesday); the Hang Seng Technology Index opened up 48.15 points, or 0.89%, at 5,479.44 points on July 16 (Wednesday); the CSI 300 Index opened up 49.98 points, or 0.56%, at 8,927.08 points on July 16 (Wednesday); the H-share Index opened up 0.18 points, or 0.0%, at 4,197.09 points on July 16 (Wednesday).

Hengli Group: Recently, Hengli Heavy Industries successfully signed contracts to build several large ships, covering multiple high-end ship types such as bulk carriers, container ships and tankers.

S&P: Banks in Asia Pacific are able to cope with policy uncertainty.

Fed's Logan: We must ensure that inflation expectations do not rise.

Federal Reserve's Logan: We are closely watching the data and closely monitoring economic trends in the fall.

Fed's Logan: Economic models show that tariffs have a one-time impact on prices, but the models assume much smaller tariffs.

Fed's Logan: The Federal Reserve builds credibility by explaining its economic views and policy thinking to the public.

Federal Reserve's Logan: We will pay attention to the relevant data from summer to autumn, and then we will be able to make a more accurate judgment.

Federal Reserve Logan: There is a lot of uncertainty about how tariffs will be passed on to consumers. Many companies want to wait and see how the tariff issue is resolved before deciding whether to pass on the higher costs to consumers.

July 16, people familiar with the matter said that US President Trump is expected to sign an executive order in the coming days to help US pension plans invest more in the private market. The report said that Trump's order will instruct the Department of Labor and the US Securities and Exchange Commission (SEC) to provide guidance to employers and pension plan administrators to help incorporate investments such as private assets into 401(k) plans.

Fed's Logan: If the Fed makes a mistake in judgment and fails to cut interest rates in a timely manner, it may cut interest rates further later to push employment back to normal levels.

Fed's Logan: If interest rates are cut too early, it could cause deeper economic trauma on the long road to price stability.

Fed's Logan: Under the baseline scenario, even a moderately tightening policy can maintain maximum employment.

Fed's Logan: June CPI data shows that the Fed's target PCE inflation rate of 2% will rise.

Fed's Logan: We hope low inflation can last longer so we can have confidence.

Fed's Logan: Higher tariffs appear likely to create additional inflationary pressures for some time.