Jerry Lin
The Latest
-
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. -
Apple's iPhone 15 Pro: A Titanium Transformation with Fresh Color Palette
In a move that signifies Apple's commitment to innovation and design evolution, the tech giant is set to introduce a significant change in the material and color options for its upcoming iPhone 15 Pro models. According to recent reports from MacRumors and 9to5Mac, Apple is poised to replace the stainless steel frame of its Pro models with titanium, a material known for its strength and lightweight properties. 
In a move that signifies Apple's commitment to innovation and design evolution, the tech giant is set to introduce a significant change in the material and color options for its upcoming iPhone 15 Pro models. According to recent reports from MacRumors and 9to5Mac, Apple is poised to replace the stainless steel frame of its Pro models with titanium, a material known for its strength and lightweight properties. -
Nvidia Sounds Alarm on US Chip Export Restrictions to China
In a recent development, Nvidia, the renowned American multinational technology company, has voiced its concerns over the potential repercussions of the US government's decision to impose further semiconductor export restrictions to China. The company warns that these curbs could lead to a "permanent loss" for the US semiconductor industry in one of the world's most significant and fiercely competitive markets. 
In a recent development, Nvidia, the renowned American multinational technology company, has voiced its concerns over the potential repercussions of the US government's decision to impose further semiconductor export restrictions to China. The company warns that these curbs could lead to a "permanent loss" for the US semiconductor industry in one of the world's most significant and fiercely competitive markets. -
Apple's iPhone 15: A Shift to USB-C and the Surprising Omission of Leather Cases
In a significant shift from tradition, Apple's forthcoming iPhone 15 is poised to embrace USB-C, potentially boosting its charging capabilities. This move, while long speculated, is now gaining traction as the tech giant prepares to unveil its latest device. 
In a significant shift from tradition, Apple's forthcoming iPhone 15 is poised to embrace USB-C, potentially boosting its charging capabilities. This move, while long speculated, is now gaining traction as the tech giant prepares to unveil its latest device. -
Bitcoin's Dramatic Plunge: A Dive Below $26,000 Amid Global Financial Strains
In a significant market movement, Bitcoin, the world's premier cryptocurrency, has seen its value plummet below the $26,000 mark, marking its lowest point in two months. This sharp decline, which saw an 8% drop within a mere 10-minute window, has sent ripples across the financial world, with analysts and investors closely monitoring the situation. 
In a significant market movement, Bitcoin, the world's premier cryptocurrency, has seen its value plummet below the $26,000 mark, marking its lowest point in two months. This sharp decline, which saw an 8% drop within a mere 10-minute window, has sent ripples across the financial world, with analysts and investors closely monitoring the situation.
