Jerry Lin
The Latest
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European Bond Yields Skyrocket Amid Rising Concerns
On Thursday, government bond prices across Europe plummeted sharply. Investors panicked over Italy's budget deficit, which exceeded expectations, and growing concerns that central banks across nations might maintain high interest rates for an extended period. On Thursday, government bond prices across Europe plummeted sharply. Investors panicked over Italy's budget deficit, which exceeded expectations, and growing concerns that central banks across nations might maintain high interest rates for an extended period. -
HSBC Set to Expand its Footprint in China with Acquisition of Citigroup's Consumer Wealth Business
In a strategic move to bolster its presence in mainland China, HSBC is reportedly on the brink of acquiring Citigroup's China consumer wealth management business. This acquisition comes at a time when the global banking landscape is undergoing significant shifts, and China's economic challenges are in the spotlight. In a strategic move to bolster its presence in mainland China, HSBC is reportedly on the brink of acquiring Citigroup's China consumer wealth management business. This acquisition comes at a time when the global banking landscape is undergoing significant shifts, and China's economic challenges are in the spotlight. -
German Inflation Cools Down: September CPI Plummets to a Two-Year Low
Germany's inflation rate for September has dropped to its lowest since the Russia-Ukraine conflict, signaling that the era of high inflation might be drawing to a close. This further solidifies expectations that the European Central Bank (ECB) will halt its interest rate hikes. Germany's inflation rate for September has dropped to its lowest since the Russia-Ukraine conflict, signaling that the era of high inflation might be drawing to a close. This further solidifies expectations that the European Central Bank (ECB) will halt its interest rate hikes. -
U.S. Crude Oil Breaks $95 Barrier: Is $100 Next?
U.S. benchmark crude oil prices have touched $95 per barrel for the first time in over a year. This comes on the heels of a significant inventory drop in Cushing, the primary delivery point for U.S. oil, highlighting the widening global supply gap. U.S. benchmark crude oil prices have touched $95 per barrel for the first time in over a year. This comes on the heels of a significant inventory drop in Cushing, the primary delivery point for U.S. oil, highlighting the widening global supply gap. -
U.S. Oil Prices Surge 3% to Yearly High as Key Cushing Inventory Hits Critical Low
The U.S. Energy Information Administration (EIA) released its weekly inventory report on Wednesday, revealing that last week's U.S. crude oil inventory decline unexpectedly surpassed projections. The primary delivery point in Cushing saw a significant reduction in crude oil inventory, reaching its lowest level since July 2022, a point of keen market interest. This news propelled oil prices, with U.S. crude surging by 3% to break the $93 per barrel mark and Brent crude increasing by 2% to surpass $94 per barrel. The U.S. Energy Information Administration (EIA) released its weekly inventory report on Wednesday, revealing that last week's U.S. crude oil inventory decline unexpectedly surpassed projections. The primary delivery point in Cushing saw a significant reduction in crude oil inventory, reaching its lowest level since July 2022, a point of keen market interest. This news propelled oil prices, with U.S. crude surging by 3% to break the $93 per barrel mark and Brent crude increasing by 2% to surpass $94 per barrel. -
Russia's Industrial Metals Reach Europe via Turkey
Despite the ongoing conflict between Russia and Ukraine for over a year and a half, and the European Union's (EU) dual approach of sanctions and decoupling from Russia, has the EU truly severed its economic ties with Russia? Despite the ongoing conflict between Russia and Ukraine for over a year and a half, and the European Union's (EU) dual approach of sanctions and decoupling from Russia, has the EU truly severed its economic ties with Russia? -
TikTok's E-commerce Challenge: Indonesia's Regulatory Shift and its Broader Implications
In a move that has caught the attention of the global digital commerce community, Indonesia's Ministry of Trade announced a significant regulatory change: the prohibition of e-commerce transactions on social media platforms. This decision, which seeks to clearly demarcate the roles of social media and e-commerce, has profound implications, particularly for platforms like TikTok that have been making inroads into the e-commerce space. In a move that has caught the attention of the global digital commerce community, Indonesia's Ministry of Trade announced a significant regulatory change: the prohibition of e-commerce transactions on social media platforms. This decision, which seeks to clearly demarcate the roles of social media and e-commerce, has profound implications, particularly for platforms like TikTok that have been making inroads into the e-commerce space. -
Europe's Chip Ambitions: A Shift from Globalization to Regionalization
The European Union's "Chips Act" officially came into effect on September 21. The European Commission announced that the legislation aims to promote the industrialization of key technologies, encouraging both public and private sectors to invest in chip manufacturing facilities and their suppliers. The European Union's "Chips Act" officially came into effect on September 21. The European Commission announced that the legislation aims to promote the industrialization of key technologies, encouraging both public and private sectors to invest in chip manufacturing facilities and their suppliers. -
China's Economic Conundrum: From Swift Solutions to Soviet-Style Stagnation
China, once hailed for its rapid economic growth and ability to swiftly address economic downturns, now grapples with a series of persistent economic challenges. These issues, ranging from sluggish growth and faltering exports to a sinking property market and rising youth unemployment, can be traced back to the top echelons of its leadership and their adherence to Soviet-style policies. China, once hailed for its rapid economic growth and ability to swiftly address economic downturns, now grapples with a series of persistent economic challenges. These issues, ranging from sluggish growth and faltering exports to a sinking property market and rising youth unemployment, can be traced back to the top echelons of its leadership and their adherence to Soviet-style policies. -
Yen Nears 150: Bank of Japan's Dovish Stance Puts Pressure on Currency, Markets Await Intervention
Following the Bank of Japan's decision last Friday to maintain its ultra-loose monetary policy, Governor Haruhiko Kuroda and Deputy Governor Shinichi Uchida appeared on Monday, signaling that the economic recovery and price trends are too unstable to consider an immediate shift in policy. Following the Bank of Japan's decision last Friday to maintain its ultra-loose monetary policy, Governor Haruhiko Kuroda and Deputy Governor Shinichi Uchida appeared on Monday, signaling that the economic recovery and price trends are too unstable to consider an immediate shift in policy.