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GlobalFoundries will acquire Synopsys' processor IP solutions division.

Citigroup CFO: The independence of the Federal Reserve Chairman and the Federal Reserve is crucial.

January 14th - Russian oil production declined slightly last year. Monthly data released by OPEC on Wednesday showed that Russia's daily crude oil production in 2025 fell by approximately 0.7% year-on-year to 9.129 million barrels. Despite ongoing Ukrainian drone attacks on Russian energy infrastructure and lower international oil prices, Russia maintained relatively stable crude oil production. Oil and gas together account for about a quarter of Russia's federal budget tax revenue. Data shows that international oil prices are expected to fall by more than 18% cumulatively in 2025, the largest annual decline since 2020, mainly due to heightened concerns about oversupply. Specifically, Russian crude oil production in December decreased by 73,000 barrels per day month-on-month, falling to 9.304 million barrels per day.

January 14 - Another drug scandal has recently surfaced at a U.S. military base in Japan, with a base employee arrested for allegedly smuggling drugs from the United States using the military's postal system.

January 14th - OPEC+ production in December was 780,000 barrels per day (bpd) less than planned, with Russia falling 270,000 bpd short of its target, while Kazakhstan exceeded its target by 80,000 bpd. In December, OPEC+ countries' crude oil production was 783,000 bpd lower than planned, with actual production at 37.44 million bpd, compared to a planned production of 38.22 million bpd (which already includes compensatory adjustments for previous insufficient production cuts). According to the OPEC report, member countries' crude oil production in December was 23.17 million bpd, 61,000 bpd lower than their quotas. Iraq's production was 34,000 bpd lower than its quota, with actual production at 4.12 million bpd.

OPEC: Secondary data shows that Iraq's crude oil production increased by 55,000 barrels per day in December to 4.119 million barrels per day.

OPEC: Secondary data shows that Saudi Arabia's crude oil production increased by 27,000 barrels per day in December to 10.078 million barrels per day.

On January 14th, the Guangzhou Municipal Party Committee's Finance and Economics Commission held a meeting. Sun Zhiyang, Deputy Secretary of the Municipal Party Committee, Mayor, and Deputy Director of the Commission, emphasized the need to adhere to a goal-oriented, problem-oriented, and results-oriented approach. He stressed the importance of establishing and improving an economic operation monitoring system, conducting precise and penetrating analysis from industry to enterprise level, promptly identifying problems and adjusting policies, implementing a "one industry, one policy" approach to cultivate key industries, and a "one enterprise, one policy" approach to strengthen services for leading enterprises, thereby improving the effectiveness of economic work. He also emphasized the need to upgrade and create an industry-specific business environment, making full use of existing policies, vigorously introducing new policies, strengthening guarantees for land and energy resources, reducing institutional transaction costs, expanding institutional openness, and continuously enhancing enterprises' sense of gain. Finally, he stressed the need to go all out to attract investment, projects, and business attraction, proactively connecting with the strategic layout and transformation needs of key enterprises, planning and introducing a number of high-quality projects with large investment scale, strong driving force, and high comprehensive benefits, accelerating the construction of key projects, and providing solid support for achieving a "good start" and ensuring a "successful year."

On January 14th, the Guangzhou Municipal Party Committee's Finance and Economics Commission held a meeting. Feng Zhonghua, Secretary of the Municipal Party Committee and Director of the Commission, emphasized the need to firmly establish a "projects-first" orientation, concentrate efforts on implementing projects, stimulate momentum, and solidify the foundation for a strong start to the year. He stressed the importance of accelerating project commencement and construction, refining monthly targets and schedules, accelerating fund disbursement, and promoting early commencement, construction, production, and full capacity achievement. He also emphasized the need to effectively attract and reserve projects, coordinating citywide resources to increase investment attraction efforts, planning and reserving more large-scale and high-quality projects, improving project maturity, and striving to include more projects in national and provincial plans. Finally, he stressed the need to strengthen resource guarantees, fully utilize all levels of policy funds, continuously increase the supply of application scenarios and computing power, optimize approval services throughout the entire process, and expedite project construction as early and quickly as possible.

The Polish central bank kept its benchmark interest rate unchanged at 4.00%, in line with market expectations.

U.S. core retail sales in November were $597.199 billion, compared with $595.403 billion in the previous month.

U.S. retail sales in November totaled $735.904 billion, compared with $732.633 billion in the previous month.

1. OPEC daily production: November figure revised to 28.459 million barrels, December figure to 28.564 million barrels, an increase of 105,000 barrels per day from the previous month. 2. China's net imports of petroleum products (change): November figure increased by 1.11 million barrels per day to 13.41 million barrels per day, October figure decreased by 190,000 barrels per day. 3. India's net imports of petroleum products (change): November figure increased by 80,000 barrels per day to 5.03 million barrels per day, October figure increased by 270,000 barrels per day. 4. US net imports of petroleum products (change): December figure increased by 20,000 barrels per day to -3.33 million barrels per day, November figure decreased by 590,000 barrels per day.

The US core PPI rose 3% year-on-year in November, below the expected 2.7%.