Follow our real-time news and get the real-time Forex news and headline news of the global financial market. Stay connected to our news reminders, trending articles and expert analysis.
On August 25, Liu Jiannan, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) and Vice Chairman of the China Chamber of International Commerce (CCOIC), met with Cheng Yanjun, CEO and Co-Chairman of the Board of Directors of Budweiser APAC, in Beijing. The two sides exchanged views on promoting better development of foreign-invested enterprises in China and deepening cooperation in industrial and supply chains.
On August 25th, the 2026 Conference on Accelerating the Construction of a Transportation Powerhouse was held in Wuhan, Hubei Province. The conference emphasized the need to fully promote the implementation of key tasks in building a transportation powerhouse. This includes continuously advancing the construction of major projects for a comprehensive, multi-dimensional transportation network and accelerating the implementation of major tasks related to the logistics network. It also involves promoting the upgrading and digital transformation of transportation infrastructure, expediting the implementation of a number of landmark projects, and making upgrading and transformation a new growth point for investment. Furthermore, it calls for improving the comprehensive transportation system of modern metropolitan areas, strengthening top-level design with a "one-policy-per-area" approach, and accelerating breakthroughs in the modernization of key corridors and major transportation hubs.
According to Iran's Tasnim News Agency, Pakistan will convey Iran's conditions and position to the United States.
Crude oil futures contracts saw their losses widen, with SC crude oil falling 4.04% to 567.9 yuan/barrel. Low-sulfur fuel oil (LU) fell 6.00% to 4793 yuan/ton. Fuel oil fell 6.02% to 3698 yuan/ton. Asphalt fell 1.93% to 4519 yuan/ton.
According to Iran's Tasnim News Agency, Pakistan's Army Chief of Staff Munir is seeking to create space for dialogue between Iran and the United States.
The U.S. S&P/CS 20-City Composite Home Price Index (unadjusted) was 350.2 in June, compared with 348.62 in the previous month.
On August 25th, Nanchang auctioned off a 49-mu (approximately 3.6 hectares) residential plot in the Economic Development Zone Management Committee area. The planned building area is 59,087.65 square meters, with a plot ratio of 1.8, and a starting price of 4.22 million yuan per mu. Jiangxi Xinxiao Real Estate Co., Ltd. ultimately won the bid at 5.91 million yuan per mu, for a total transaction price of 291 million yuan, representing a premium of 40.05%.
The main contract for low-sulfur fuel oil (LU) fell 6.00% intraday, currently trading at 4793.00 yuan/ton.
At the opening of the night session, most domestic futures contracts declined, with fuel oil and low-sulfur fuel oil (LU) falling by more than 5%, ethylene glycol (EG) falling by more than 4%, SC crude oil and synthetic rubber falling by more than 3%, and asphalt, methanol, and styrene (EB) falling by more than 2%. On the upside, Shanghai zinc and Shanghai lead rose slightly.
Israeli Defense Minister Katz: The Israel Defense Forces will not leave the safe zone in Syria if there is a threat.
On August 25th, it was reported that the Spanish government will seek comprehensive reforms to the country's immigration and asylum laws following last month's massive border crisis. Spanish Interior Minister Marasca stated at a press conference following the government's weekly cabinet meeting on Tuesday that the government has approved bills to reform immigration and asylum laws, aligning them with European directives. These bills must then be passed by parliament. Spain is still grappling with the crisis that erupted at the end of July when approximately 80,000 people illegally crossed the border between Morocco and the North African city of Ceuta. While most migrants returned within the first three days, thousands remain stranded in the city, most of them homeless. Marasca stated that the bills aim to improve the processing of asylum applications and ensure Spain's security.
On August 25, the General Staff of the Armed Forces of Ukraine posted on social media that Ukrainian forces launched attacks on Russian military targets in multiple locations from August 24 to the early morning of August 25, damaging military equipment and facilities, including a MiG-29 fighter jet.
According to CNBC, when asked whether the government would announce retaliatory tariffs on Tuesday, Canada's U.S.-Canada Trade Minister LeBlanc said, "I think that's the government's intention."
On August 25th, JPMorgan Chase reiterated its "overweight" rating and $240 price target for SpaceX (SPCX.O), citing growing confidence in the prospects of Grok's artificial intelligence. The firm highlighted SpaceX's acquisition of Cursor, which reportedly has annual recurring revenue (ARR) of approximately $4 billion, 75% of which comes from its enterprise business. JPMorgan Chase expects Cursor to enhance SpaceX's enterprise AI strategy, model training data, and Grok's performance.
Canadian Trade Minister LeBlanc: We hope to build the best possible relationship with all U.S. trading partners. We hope to achieve the best possible U.S. trade agreement, especially in the automotive sector.
On August 25th, the Xinjiang Energy Regulatory Office held a collective meeting with 12 power generation companies exhibiting abnormal market behavior. The meeting focused on addressing prominent issues such as economic retention, bid rigging, and violations of market rules, aiming to maintain a fair, just, and orderly electricity market. The meeting emphasized that the relevant power generation companies must face the problems squarely, take immediate corrective action, conduct comprehensive internal investigations, thoroughly investigate the root causes of the problems, clarify the chain of responsibility, ensure that all issues are completely resolved, and prevent the recurrence of similar problems. The meeting required the relevant power generation companies to conduct a full-process self-inspection and rectification in accordance with relevant work guidelines, comprehensively investigate potential risks in areas such as quantity and price declaration, contract execution, and settlement performance, address shortcomings in systems and management, adhere to both short-term and long-term solutions, integrate compliance requirements into all aspects of daily business operations, continuously standardize electricity market trading behavior, and firmly uphold the bottom line of compliance in electricity market transactions.
Spot gold and spot silver traded in a range. A chart provides a quick overview of the pre-market conversion prices of gold and silver between domestic and international markets.
International oil prices fluctuated at low levels, with WTI crude oil falling by more than 3% and Brent crude oil falling by nearly 3%! A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.
Israeli Prime Minister Benjamin Netanyahu: Starting today, the UNRWA offices in Kafr Aqab, Jerusalem, will be evacuated.
On August 25th, the French Presidential Office announced that France and Saudi Arabia had signed a memorandum of understanding that day, under which Saudi Arabia plans to invest 6 billion euros to build three theme parks around Paris. The Presidential Office stated that the cooperation was reached during a visit by Saudi Crown Prince and Prime Minister Mohammed bin Salman. The theme parks will be located near Sergei Pontois, approximately 30 kilometers northwest of Paris, and will be led by Al-Ghadiya, an investment company under Saudi Arabia's sovereign wealth fund.
Apr 21, 2023 14:03
Apr 21, 2023 13:58
Apr 20, 2023 13:54