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Jul, 12 2024 News

U.S. Top Refiners Cut Output, Looming Oil Supply Glut?

Profit margin contraction and slowing demand have led U.S. refiners to slow down production, which could further exert pressure on the balance of supply and demand in the oil market. This quarter, som...

Jul, 2 2024 News

Volkswagen China's Chen Sai: Corporate Social Responsibility as Foundation for Sustainable Growth

"This year marks the 40th anniversary of the Volkswagen Group's entry into China. The 'Green Belt Initiative'âVolkswagen China's public welfare forest projectâis a profound expression and vivid pr...

Jun, 28 2024 News

Middle East "Tycoons" Speed Up AI Investment, Fueling AI Boom

Sovereign wealth funds from the Middle East are becoming key supporters of Silicon Valley's artificial intelligence (AI) darlings. Oil-rich countries such as Saudi Arabia, the United Arab Emirates (UA...

Jun, 23 2024 News

No Signs of Recession in US Economy

Maersk, seen as a barometer of global trade, has stated that freight demand does not indicate signs of an economic recession in the United States, while warning that ongoing tensions in the Red Sea co...

Jun, 16 2024 News

Wealth Management Revenue Declines, Banks Speed Up Changes in Distribution

Recently, several banks have been held accountable by regulators for violations in their fund sales business. Since the third quarter alone, administrative regulatory announcements have been issued by...

Jun, 10 2024 News

Global 75% Arbitrage Trades Closed

Despite significant hedge fund exits from carry trades, yen volatility may not yet be dead...Hedge funds appear to have pulled back from their bullish bets on the yen, but are still paying high hedgin...