People’s Bank of China Injects 324 Billion Yuan ($44.87 Billion) via 7-Day Repo Operations
The People’s Bank of China (PBOC) injected 324 billion yuan ($44.87 billion) through 7-day repo and reverse repurchase operations at…
Month: February 2024
China’s Aviation Fuel Demand Expected to Surge by 13.1%, Crude Oil Imports May Stay Unchanged
China’s aviation fuel consumption is projected to grow by 13.1% this year due to increased passenger travel, while crude oil…
China’s CDH Investments in Advanced Talks to Acquire Minority Stake in Bach Hoa Xanh
China’s CDH Investments is reportedly in advanced negotiations to acquire a minority stake in Bach Hoa Xanh (BHX) from Vietnamese…
Bitcoin Approaches $60,000, Experiencing Largest Monthly Rally Since December 2020
Bitcoin has witnessed a surge, nearing $60,000 in its fifth consecutive day of gains, fueled by investments in new US…
New US Sanctions Pose Risk to Russian Oil Exports to India, Creating Challenges for Refiners
The recent imposition of new US sanctions on Moscow has cast a shadow over Russian oil exports to India, complicating…
Hong Kong Hedge Fund Oasis Management Files Injunction Against NEC Share Sale
Oasis Management, a hedge fund based in Hong Kong, has submitted an injunction to halt NEC from proceeding with the…
Siemens Energy CEO Acknowledges Due Diligence Before Siemens Gamesa Acquisition
Siemens Energy’s CEO, Christian Bruch, emphasized that extensive due diligence was conducted before the full acquisition of its wind turbine…
Micron Initiates Mass Production of High-Bandwidth Memory for Nvidia AI Chip, Shares Surge
Micron Technology has officially started mass production of its High-Bandwidth Memory (HBM3E) semiconductors, designed for utilization in Nvidia’s latest artificial…
Egypt’s Wheat Reserves Adequate for 3.5 Months, Sugar and Vegetable Oils Stocks Also Secure
Egypt’s Supply Minister, Ali Moselhy, stated on Monday that the country’s strategic wheat reserves are at a satisfactory level, covering…
Russia Explores Yuan Loans, Discusses Digital Currency Payments with China
Russia’s Finance Ministry is engaged in discussions with Chinese counterparts regarding the potential acquisition of loans in yuan, as confirmed…