Jerry Lin
The Latest
-
China's Robust Oil Demand Could Push Brent Crude to $100 per Barrel
China's Demand Driving Global Prices China's surging oil demand is set to propel global oil prices, with Brent crude potentially reaching $100 per barrel. 
China's Demand Driving Global Prices China's surging oil demand is set to propel global oil prices, with Brent crude potentially reaching $100 per barrel. -
Saudi Aramco Eyes Record $50 Billion Share Sale Amid Slumping Diamond Demand
A Historic Offering On Friday, September 1, sources familiar with the matter revealed that Saudi Arabia is contemplating a sale of up to $50 billion in shares of Saudi Aramco. If successful, this would set a record as the largest stock offering in global capital market history. 
A Historic Offering On Friday, September 1, sources familiar with the matter revealed that Saudi Arabia is contemplating a sale of up to $50 billion in shares of Saudi Aramco. If successful, this would set a record as the largest stock offering in global capital market history. -
China's Bold Moves to Revive its Faltering Property Sector
In a decisive move to address the deepening crisis in its vast, debt-laden property sector, China is poised to implement a series of measures aimed at stimulating the real estate market. These actions underscore Beijing's growing concern about the potential ripple effects of a faltering property sector on the broader economy. 
In a decisive move to address the deepening crisis in its vast, debt-laden property sector, China is poised to implement a series of measures aimed at stimulating the real estate market. These actions underscore Beijing's growing concern about the potential ripple effects of a faltering property sector on the broader economy. -
Pakistan Grapples with Economic Strain as Fuel and Commodity Prices Skyrocket
Pakistan is currently facing an economic crisis, with the prices of essential commodities, including fuel, reaching unprecedented levels. This surge in prices has led to widespread public discontent, with residents taking to the streets to voice their concerns. 
Pakistan is currently facing an economic crisis, with the prices of essential commodities, including fuel, reaching unprecedented levels. This surge in prices has led to widespread public discontent, with residents taking to the streets to voice their concerns. -
UBS's Stellar Acquisition: Record Profits Prove Critics Wrong on Credit Suisse Buyout
Five months after acquiring Credit Suisse, UBS has finally demonstrated to the world just how lucrative this once-doubted deal has been. 
Five months after acquiring Credit Suisse, UBS has finally demonstrated to the world just how lucrative this once-doubted deal has been. -
India's GDP Soars, but Inflation Looms Large
GDP Growth at a Glance On the evening of August 31, India's National Bureau of Statistics released the GDP data for the first quarter of the fiscal year 2024. The data revealed that from April to June, the real GDP, calculated at constant prices, grew by 7.8% year-on-year, marking the fastest growth in a year. 
GDP Growth at a Glance On the evening of August 31, India's National Bureau of Statistics released the GDP data for the first quarter of the fiscal year 2024. The data revealed that from April to June, the real GDP, calculated at constant prices, grew by 7.8% year-on-year, marking the fastest growth in a year. -
Saudi Arabia Likely to Extend Voluntary Oil Production Cuts; Russia Cuts Back on Exports
According to traders and analysts surveyed by media outlets, the majority anticipate Saudi Arabia's plan to cut daily oil production by 1 million barrels to be extended at least until October to further bolster oil prices. Moreover, representatives from OPEC and its allies share similar projections privately. Insiders have noted that the global economic landscape remains filled with uncertainties, and if Saudi Arabia eases its cutback strategy too soon, speculative short-selling could resurface. 
According to traders and analysts surveyed by media outlets, the majority anticipate Saudi Arabia's plan to cut daily oil production by 1 million barrels to be extended at least until October to further bolster oil prices. Moreover, representatives from OPEC and its allies share similar projections privately. Insiders have noted that the global economic landscape remains filled with uncertainties, and if Saudi Arabia eases its cutback strategy too soon, speculative short-selling could resurface. -
Amid Rising Global Grain Prices, Turkey Seeks to Reopen Black Sea Grain Route with Russia
Global Stabilization Effort Last year, Russia and Ukraine, in separate agreements with the United Nations and Turkey, managed to stabilize global food prices through the Black Sea grain shipment agreement. Since the signing, the Global Food Price Index of the United Nations Food and Agriculture Organization had been in a decline from its peak in March 2022. However, post the termination of the Black Sea grain agreement on July 18 this year, international grain prices began to surge once again. 
Global Stabilization Effort Last year, Russia and Ukraine, in separate agreements with the United Nations and Turkey, managed to stabilize global food prices through the Black Sea grain shipment agreement. Since the signing, the Global Food Price Index of the United Nations Food and Agriculture Organization had been in a decline from its peak in March 2022. However, post the termination of the Black Sea grain agreement on July 18 this year, international grain prices began to surge once again. -
Xiaomi Profits Soar 169% in Q2: The High-End Strategy and Inventory Management Pay Off
For Q2, Xiaomi reported a revenue of ¥673.5 billion, surpassing the expected ¥658.4 billion and marking a 4% decrease year-on-year. The company's net profit surged by 168.5% from the previous year to ¥36.7 billion, exceeding the market expectation of ¥31.6 billion. Adjusted net profits rose to ¥51.4 billion, a 147% hike from the previous year. 
For Q2, Xiaomi reported a revenue of ¥673.5 billion, surpassing the expected ¥658.4 billion and marking a 4% decrease year-on-year. The company's net profit surged by 168.5% from the previous year to ¥36.7 billion, exceeding the market expectation of ¥31.6 billion. Adjusted net profits rose to ¥51.4 billion, a 147% hike from the previous year. -
China Evergrande's Trading Resumption: A New Chapter or a Brief Respite?
In a recent development, China Evergrande Group, the embattled property developer, has announced that it has "adequately" fulfilled the resumption guidance set by the Hong Kong Stock Exchange. This move comes as a significant step towards restoring investor confidence, as the company has made an application to resume trading of its shares on August 28. 
In a recent development, China Evergrande Group, the embattled property developer, has announced that it has "adequately" fulfilled the resumption guidance set by the Hong Kong Stock Exchange. This move comes as a significant step towards restoring investor confidence, as the company has made an application to resume trading of its shares on August 28.
