Jerry Lin
The Latest
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China's Central Bank Slashes Reserve Ratio to Bolster Economic Recovery
In a strategic move to ensure ample liquidity and bolster a budding economic recovery, China's central bank has announced a cut in the amount of cash that banks must hold as reserves. This marks the second such reduction this year, underscoring Beijing's commitment to supporting the world's second-largest economy as it grapples with post-pandemic challenges. 
In a strategic move to ensure ample liquidity and bolster a budding economic recovery, China's central bank has announced a cut in the amount of cash that banks must hold as reserves. This marks the second such reduction this year, underscoring Beijing's commitment to supporting the world's second-largest economy as it grapples with post-pandemic challenges. -
Global Fossil Fuel Era Waning? Developed Nations Plot Expansion
Is the era of fossil fuels coming to an end? Mixed signals are emerging from various organizations. 
Is the era of fossil fuels coming to an end? Mixed signals are emerging from various organizations. -
Soaring Oil Prices: Saudi Arabia Puts the Squeeze on the Fed and Global Markets
The surging oil prices could intensify inflationary pressures in European and American countries, leading to market speculations that Western central banks might maintain higher interest rates for an extended period. 
The surging oil prices could intensify inflationary pressures in European and American countries, leading to market speculations that Western central banks might maintain higher interest rates for an extended period. -
Historic Oil Shortage Looms: OPEC Foresees a Deficit of Over 3 Million Barrels Daily in Q4
In the wake of Saudi Arabia's announcement last week to extend its voluntary oil production cut of 1 million barrels per day until the end of December, and Russia's decision to prolong its export reduction of 300,000 barrels per day to the same period, OPEC's latest monthly report released on Tuesday predicts a global oil supply shortage exceeding 3 million barrels per day in the fourth quarter. This could be the largest deficit in over a decade. 
In the wake of Saudi Arabia's announcement last week to extend its voluntary oil production cut of 1 million barrels per day until the end of December, and Russia's decision to prolong its export reduction of 300,000 barrels per day to the same period, OPEC's latest monthly report released on Tuesday predicts a global oil supply shortage exceeding 3 million barrels per day in the fourth quarter. This could be the largest deficit in over a decade. -
Modern 'Spice Route' Unveiled at India's G20 Summit: What's the Buzz About?
At the recently concluded G20 summit, alongside the hard-fought joint declaration, a new transcontinental transport corridor project garnered significant attention. 
At the recently concluded G20 summit, alongside the hard-fought joint declaration, a new transcontinental transport corridor project garnered significant attention. -
Why China's Gold Prices Surge Past $600 Despite Global Decline?
Since September, domestic gold prices in China have been on a noticeable uptrend, with Shanghai gold reaching its historical peak and the price of gold jewelry also rising. 
Since September, domestic gold prices in China have been on a noticeable uptrend, with Shanghai gold reaching its historical peak and the price of gold jewelry also rising. -
Bitcoin's Resilience Amid Inflation Uncertainties and ETF Anticipation
Bitcoin, the preeminent cryptocurrency, has managed to sustain its position above the $25,000 mark, even as the financial world keenly anticipates updates on inflation and the potential approval of a spot Bitcoin ETF. Historically, the month of September has not been kind to Bitcoin, with the digital currency witnessing an average 6% drop in value from 2010 to 2022. Data from the Dow Jones stock market index further underscores this trend, highlighting consistent declines every September from 2017 to 2022. 
Bitcoin, the preeminent cryptocurrency, has managed to sustain its position above the $25,000 mark, even as the financial world keenly anticipates updates on inflation and the potential approval of a spot Bitcoin ETF. Historically, the month of September has not been kind to Bitcoin, with the digital currency witnessing an average 6% drop in value from 2010 to 2022. Data from the Dow Jones stock market index further underscores this trend, highlighting consistent declines every September from 2017 to 2022. -
China and Japan Team Up: The Dollar's New Challengers
On Monday, both the Chinese yuan and the Japanese yen surged, resulting in the U.S. dollar experiencing its most significant decline in two months. 
On Monday, both the Chinese yuan and the Japanese yen surged, resulting in the U.S. dollar experiencing its most significant decline in two months. -
NVIDIA's $300 Billion Cloud Ambition: Beyond Just Chips
Amid a slowdown in Oracle's quarterly performance that exceeded expectations, only its AI-related business saw an unexpected surge. The cloud services and technology licensing business reported a 13% year-over-year increase in revenue for the quarter. To date, Oracle has secured over $4 billion worth of capacity orders for its second-generation cloud from AI development companies, doubling the previous quarter's figures. 
Amid a slowdown in Oracle's quarterly performance that exceeded expectations, only its AI-related business saw an unexpected surge. The cloud services and technology licensing business reported a 13% year-over-year increase in revenue for the quarter. To date, Oracle has secured over $4 billion worth of capacity orders for its second-generation cloud from AI development companies, doubling the previous quarter's figures. -
Apple's Desired Chips: Made in Taiwan, Not the U.S.
In December of last year, Apple CEO Tim Cook visited Phoenix alongside U.S. President Joe Biden to tour a high-profile factory under construction by Taiwan Semiconductor Manufacturing Company (TSMC). Cook indicated that this factory would produce chips for Apple. 
In December of last year, Apple CEO Tim Cook visited Phoenix alongside U.S. President Joe Biden to tour a high-profile factory under construction by Taiwan Semiconductor Manufacturing Company (TSMC). Cook indicated that this factory would produce chips for Apple.
