Real-time News

U.S. Treasury Secretary Bessenter: Those who illegally evade taxes should be investigated.

The bid-to-cover ratio for the US 4-month Treasury bond auction ending June 3 was 3.15, compared to 3.01 previously.

The US 4-month Treasury auction ended June 3 - the winning bid rate was 3.635%, compared to 3.63% previously.

Eli Lilly (LLY.N) CEO: Eli Lilly will halve its planned €2.3 billion investment in Germany.

U.S. Treasury Secretary Bessen: We do intend to keep the fiscal deficit as a percentage of GDP at around 3 percent.

Fitch Ratings monitoring data shows that the Italian residential mortgage market remains stable, with a continued ample supply of housing.

June 3rd - Recently, several international financial institutions have released positive outlooks on the Chinese economy, increasing their investment in Chinese technology companies and accelerating their investment layout in China. MSCI, a well-known global index provider, recently officially included 19 A-share stocks in the MSCI China Index. This adjustment means that international funds will have easier access to invest in these Chinese companies. The newly included companies are mainly concentrated in optical communication, computing power, and high-end manufacturing, demonstrating foreign investment's preference for China's "hard technology." Since the beginning of this year, foreign capital has steadily flowed in through various channels. As of now, various overseas investors hold more than 4 trillion yuan in A-share market capitalization, becoming important participants in China's capital market. While increasing their investment in China, several international investment banks, including Morgan Stanley and Deutsche Bank, have recently raised their 2026 GDP growth forecasts for China. Many institutions stated that China's core competitiveness in technological innovation globally is their biggest source of confidence in investing in China.

June 3rd - According to sources, Elon Musk's xAI has paused hiring for professionals to train Grok, signaling a potential shift in its technology development approach. Since the beginning of the year, xAI has been actively recruiting accountants, financial experts, scientists, and even comedians to teach Grok how to perform better in various areas, from taxation to humor, in an effort to expand the chatbot's appeal. This approach differs from competitors, who typically rely heavily on large numbers of contractors from third-party companies to train and optimize their AI models. Sources indicate that xAI's decision to halt hiring for these positions (internally referred to as "AI mentors") is at least partly due to concerns that its human resources department will be overwhelmed. Sources also revealed that xAI laid off several AI mentors last fall, many of whom were generalists, and subsequently attempted to recruit more people specializing in data labeling. These sources further stated that xAI conducted another round of layoffs in early March, along with reductions in staff across other teams.

U.S. Treasury Secretary Bessenter: There is indeed a law that prohibits the printing of any living person's portrait on U.S. currency.

Sources say the Saratov oil refinery in Russia has been shut down since May 31 due to a drone attack.

Market news: The U.S. Federal Trade Commission (FTC) is seeking public comment on Company X's application to terminate Twitter's privacy agreement.

On June 3, China Literature Limited (00772.HK) announced on the Hong Kong Stock Exchange that one of its subsidiaries conducted a self-assessment regarding tax risks related to its subsidiary in Horgos, Xinjiang, in accordance with a notice from the tax authorities. Following the self-assessment and confirmation with the competent tax authorities, the subsidiary is required to pay approximately RMB 300 million in back taxes and late payment penalties for corporate income tax from 2020 to 2022. This matter does not involve administrative penalties. As of the date of this announcement, the subsidiary has completed the payment of these taxes. These taxes will be included in the company's profit and loss for the current period in 2026, and are expected to reduce the profit attributable to equity holders of the company by approximately RMB 300 million.

June 3rd - The inaugural meeting and first plenary session of the Space Computing Working Committee of the China Computer Industry Association were held in Beijing on June 3rd. According to reports, the committee has received membership applications from over 100 organizations, covering fields such as radiation-hardened chips, space computing equipment, power supply and cooling systems, data transmission systems, constellation facilities, and space launches.

Kuwait's Foreign Ministry announced on June 3 that it had declared two Iranian diplomats persona non grata and expelled them. In a statement, the ministry said it had decided to declare two members of the Iranian diplomatic mission persona non grata and demanded their departure within 24 hours. The statement said the decision was made against the backdrop of "Iran's continued ballistic missile and drone attacks."

On June 3, Ukrainian President Volodymyr Zelenskyy stated that he was willing to immediately engage in direct negotiations with Russian President Vladimir Putin, hoping to promote an early end to the Russia-Ukraine conflict through dialogue between the two heads of state. Zelenskyy emphasized the urgency of the negotiations, stating that Ukraine had no intention of waiting for the United States to finish dealing with other global affairs before addressing issues related to Ukraine. He indicated that Ukraine hoped to accelerate the de-escalation process through direct dialogue at the highest level between the two countries. Russia has not yet responded to this statement.

Delta Air Lines executives: Despite global uncertainty, demand remains strong. Demand has increased from corporate customers, premium cabins, and economy class.

Market news: Adobe (ADBE.O) is considering two internal leaders and several external AI experts for the CEO position.

U.S. Treasury Secretary Bessant: Inflation will be a "short-term fluctuation".

Mexico's Ministry of Economy: It will hold formal talks with the Office of the United States Trade Representative (USTR) within the next 45 days to discuss the transportation of goods that do not comply with the United States-Mexico-Canada Agreement (USMCA).

U.S. Secretary of State Marco Rubio: Iran is responding to the opening of the Strait of Hormuz with attacks on regional targets.