Jerry Lin

Jerry Lin

The Latest

  • U.S. Takes the Lead in Global Oil Supply Growth with Record Production
    US OIL
    Shale Oil Boom Drives Record U.S. Production On Tuesday, the U.S. Energy Information Administration's monthly report revealed that U.S. crude oil production hit a historic high in August, reaching 13.05 million barrels per day, with a total production of 404.6 million barrels. This surpasses the previous record set in July at 401.73 million barrels.
  • Belt and Road 2.0: China Unveils Xinjiang Free Trade Zone Amid Western Sanctions
    Uyghurs
    China has unveiled ambitious plans to establish a free trade zone in the northwestern region of Xinjiang, a move seen by many as an effort to bolster its economic influence and counterbalance Western sanctions. This plan is closely tied to President Xi Jinping's larger vision for the Belt and Road Initiative (BRI), an expansive project designed to enhance trade connectivity between China and Europe.
  • Global Central Banks on a Gold-Buying Spree: China Leads with 11 Consecutive Months of Purchases
    Gold Price
    Rush for Gold Continues Central banks worldwide are aggressively acquiring gold, with the third quarter seeing the third-highest quarterly net gold purchases in history. China has been consistently increasing its gold reserves for 11 straight months.
  • UK Halts Deep-Sea Mining Support: A Reversal for the Controversial Industry?
    UK General Election
    In a move that has stirred the controversial deep-sea mining sector, the UK announced on Monday that it would suspend its support and sponsorship of deep-sea mining licenses until there's sufficient scientific evidence to assess its impact on ecosystems.
  • U.S. Treasury Maps Out $776 Billion Borrowing Amid Bond Market Volatility
    U.S. Treasury's Yellen Touts Infrastructure Bill As Reducing Economic Inequality
    Amidst evolving market dynamics and a backdrop of global bond market turbulence, the U.S. Treasury Department unveiled plans to borrow $776 billion in the concluding quarter of 2023. This figure is not only historic for a fourth quarter but also hints at subtle shifts in governmental fiscal strategies, defying some Wall Street expectations.
  • Foreign Investors Rapidly Exit India's Stock Market Amid Concerns
    FOREX FISSURES
    Foreign investors are offloading Indian stocks at the fastest pace in months.
  • UK Takes Steps to Regulate Thriving Crypto Sector
    CRYPTO
    The United Kingdom is making moves to establish itself as a regulatory leader in the burgeoning world of cryptocurrencies, with plans to roll out comprehensive regulations for the sector by 2024. This comes as the European Union has already taken steps toward clarifying its stance on digital assets, and as the importance of creating secure, clear frameworks for crypto businesses grows worldwide.
  • Eurozone's Economic Titan Faces Stagnation as Germany's Growth Falters
    German share price index
    Germany, often viewed as the powerhouse of the Eurozone, is showing signs of economic fragility, a trend that could spell trouble not only for itself but for the broader region. Recently released data reveals a dip in Germany's gross domestic product (GDP) by 0.1% in the third quarter, contrasting the minimal growth of 0.1% it experienced in the preceding quarter. This concerning downturn, largely attributed to dwindling consumer spending, casts a shadow over the Eurozone's prospects.
  • Evergrande Faces December Deadline for Debt Restructuring Proposa
    China Evergrande
    China Evergrande Group, the heavily indebted Chinese property behemoth, finds itself at a crucial crossroad. The Hong Kong High Court has extended a five-week grace period for the beleaguered developer to finalize a deal with its creditors. If Evergrande fails to offer a concrete revised restructuring proposal by December 4th, the firm could face imminent liquidation, per Justice Linda Chan's directive.
  • Bitcoin's Dominance Soars to a 2.5-Year Peak as It Reclaims $35K
    BITCOIN RISES
    In a week marked by significant volatility in the cryptocurrency market, Bitcoin (BTC) has emerged with notable gains, both in price and market dominance. The world's premier cryptocurrency reclaimed the $35,000 price level and achieved a market dominance not seen in over 30 months.
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