Newsflashes | EqualOcean

EqualOcean makes every effort to provide you with up-to-date briefings about technology and businesses across sectors in China. We use machine translation to speed up the delivery and maximize the value of our information.

Jun 27Monday

06:19 AM

Egyptian president meets with UAE Minister of foreign affairs and international cooperation to promote bilateral investment cooperation

The Egyptian presidential palace issued a statement on the 26th that Egyptian President Abdel Fattah al Sisi met with visiting UAE Minister of foreign affairs and international cooperation Abdullah in Cairo on the same day. The two sides mainly discussed the UAE's investment in Egypt, involving energy, transportation, ports, tourism and other fields. According to the data previously released by the Egyptian Ministry of trade and industry, the trade volume between Egypt and the United Arab Emirates in 2021 exceeded US $3.6 billion. At present, the UAE's total investment in Egypt has reached 20billion US dollars, which is expected to increase to 35billion US dollars within five years. In May this year, Egypt, the United Arab Emirates and Jordan announced the launch of a joint initiative of an integrated industrial partnership aimed at promoting sustainable economic development to deepen economic cooperation among the three countries and ensure food security in the short term.
06:19 AM

President of the European Commission: do not want to exclude Russian President Vladimir Putin from the G20 summit

In an interview with German media on the 26th, European Commission President von der lain said that he did not want to exclude Russian President Putin from the G20 leaders' summit held in Indonesia in November this year. She said: "I think if he (Putin) really attends, we can tell him what we think in person and let him also make a statement. That's better." However, she also admitted that she would not deal with Putin "as before".

Consumer Staples
05:59 AM

"Rolling overnight" is still hot, and the bond market calls for "reducing leverage"

On June 20, pledged repo transactions in the inter-bank market reached 6.46 trillion yuan, a new high this year. As of June 24, the pledge type repurchase transactions in the inter-bank market had been above 6.1 trillion yuan for 8 consecutive days. Even at the end of half a year, and nearly 1.2 trillion yuan of government bonds were issued in June, the capital is still quite abundant. The low capital price has enabled some bond market investors to give full play to the leverage strategy, and "borrowing short to buy long" has become an important source of their income. Many insiders warned that there would be an upward risk in interest rates, so it is not appropriate to continue to increase leverage at this time. It is suggested to gradually deleverage to reduce the risk.
05:59 AM

Ecuador's Ministry of energy said oil production could be stopped within 48 hours.

Ecuador's Ministry of energy said oil production could be stopped within 48 hours.

Financials
05:24 AM

Collapse of the stands of the Colombian bullring has killed 4 people and injured more than 100

At noon local time on June 26, a bullring stand where a bullfight performance was being held in Tolima Province, Colombia, collapsed. The death toll from the accident has risen to four and hundreds more were injured. According to the latest reports of local media, many bullfighters participating in the bullfight performance also escaped from the fence and rushed out of the bullring, causing passers-by panic in the nearby streets. After the accident, President elect Pietro of Colombia released information through his personal social media account to express condolences to the families of the victims of the accident, and asked local governments not to approve similar performance activities that would cause animal and human casualties in the future.

Communication
03:49 AM

"Counting from the east to the west" to steadily promote the new infrastructure enabled digital economy

At the edge of Tengger Desert, the cloud base in the west of Zhongwei City, Ningxia is under construction; Qinghai Haidong Hehuang new area, Chinatelecom (National) digital Qinghai new big data center has been successfully connected to power supply... Since the official and comprehensive launch of the "East data and West computing" project this year, data center projects have accelerated from drawings to reality. At the same time, a number of 5g, industrial Internet and other new infrastructure projects have made solid progress, opening up new space and adding new momentum to the development of the digital economy.
03:49 AM

Electric ships sail into the new blue ocean

After years of intensive cultivation, the overall strength of China's electric ship industry has achieved "parallel" with that of western developed countries, and has surpassed in some key areas. Industry experts suggest that we should learn from the successful experience of the development of new energy automobile industry and increase support for the electric ship industry. With the increasingly stringent global environmental protection policies, the types of ship energy are gradually changing to low-carbon energy, the trend of ship electrification is becoming more and more obvious, and the market scale is gradually expanding.

Automotive, Technology
03:44 AM

During the year, nearly 300 companies issued fixed growth plans, and raised funds to focus on new energy, etc

Recently, large-scale fixed value-added projects in the A-share market have emerged one after another. According to the data, the announcement date of the plan is the benchmark. As of June 26, nearly 300 companies in the A-share market issued fixed increase plans during the year. From the perspective of the fixed increase in equity investment, the popularity of the hot track has not decreased, and new energy and semiconductors have become the main raising and investment direction of the fixed increase of A-share companies this year.

Financials
03:34 AM

French media: Iranian Foreign Minister meets with EU officials Iranian nuclear talks will resume

According to Agence France Presse, Iranian foreign minister abdullahiyan and EU high representative for foreign and security policy Borrelli announced in Tehran, the Iranian capital, on the 26th that the negotiations between the parties to the comprehensive agreement on the Iranian nuclear issue would be restarted within a few days, but did not disclose a specific timetable. It is reported that after meeting with visiting Borrelli on the same day, abdullahiyan said at a joint press conference that the two sides had detailed and in-depth talks on restarting the Iranian nuclear negotiations and were ready to break the impasse in the negotiations. Borrelli said that the Iranian nuclear negotiations are expected to resume within a few days, and all parties need to quickly restart the negotiations to "resolve the final outstanding issues".
02:48 AM

The whole country stepped up vigilance against terrorist attacks after the shooting incident in the Norwegian capital

After the shooting incident in Oslo, the Norwegian capital, in the early morning of the 25th, the whole country, especially the capital region, stepped up vigilance to prevent another terrorist attack. On the 25th, the German news agency quoted Rogge Berg, director of the Norwegian police security bureau, as saying that the assessment showed that the threat of terrorist attacks facing Norway was "exceptionally high", so the intelligence department decided to raise the alert level of terrorist attacks from level 3 to the highest level 5.
02:48 AM

Egyptian banks were closed on June 30 due to national holidays.

Egyptian banks were closed on June 30 due to national holidays.

Financials
02:38 AM

The governor of Kaliningrad state said that the state has excess shipping capacity in the Baltic Sea

The governor of Kaliningrad, Andong arihanov, said that the Baltic Sea shipping capacity has been surplus, and cargo ships can be found to transport goods to or from the state.
02:38 AM

First case of monkeypox in children found in France

According to French media reports, on the evening of the 25th, the health agency of the French island announced that a child was infected with monkeypox virus, which was the first case of monkeypox in children found in France. It is reported that the patient is a primary school student. His condition has been controlled and there is no risk of deterioration. According to statistics, France has so far confirmed more than 300 monkeypox cases.
02:38 AM

The pace of economic recovery in the second half of the year will be accelerated, and there is still room for fiscal and monetary policies

At present, the international environment is still complex and grim, and inflation is rising. What is the trend of the economic situation in the second half of the year? How should China's macro policy respond? The reporter interviewed eight chief economists, including qiuxiaohua, chief economist of Jufeng investment, and Zhang Jun, chief economist of Morgan Stanley Securities. The chief economists generally believe that the GDP growth rate in the first half of this year may be about 3%. In the second half of this year, fiscal and monetary policies need to be strengthened, and the pace of economic recovery will be accelerated. In the view of many chief economists, infrastructure investment is one of the important driving points.

Healthcare, Industrials, Financials
01:33 AM

World Bank President: US Federal Reserve reduces balance sheet to help avoid recession

David Malpass, President of the world bank, said that the reduction in the size of the Federal Reserve's bond portfolio is expected to release capital to boost U.S. economic output and avoid recession. Malpass said that the Federal Reserve has a variety of tools, including shrinking its balance sheet, which "will return more funds to the banks". "If banks have more capital, they can lend, or they can lend to the non banking sector of the U.S. economy." He said the influx of capital could help ease the pressure on the supply chain. Malpass said that it would take "several months, maybe even two years" to bring inflation back to 2% year-on-year.

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