China: We will not allow any country to interfere in Taiwan

China evaluated Japan’s statements regarding Taiwan as “dangerous” and said it would “not allow any country to intervene on the island”. Chinese Foreign Ministry Spokesperson Cao Licien reacted to Japanese Deputy Prime Minister Aso Taro’s statements about Taiwan at a press conference in the capital Beijing. “We will not allow any country to interfere in …

China takes action to block IPOs in the US

According to the information provided by sources close to the subject, regulatory institutions in Beijing are making some rule changes to prevent the public offerings of technology giants abroad. The China Capital Markets Instruments Regulatory Authority (CSRC) is preparing to revise some of the rules applied since 1994 regarding public offerings abroad. With the new …

China sells directly from reserves to the market

Direct sales to the market from reserves realized by China’s National Food and Strategic Reserves Administration have ended. In line with the expectations, the sales realized on July 5th; 50 thousand tons of aluminum, 20 thousand tons of copper and 30 thousand tons of zinc. Zinc had a discount of 1,000 yuan (~$155), copper sold …

Central Bank resumed foreign exchange sales to BOTAŞ

Foreign exchange sales to BOTAŞ, which were reset within the scope of the strategy of strengthening reserves, resumed. The Central Bank of the Republic of Turkey (CBRT) sold 269 million dollars to BOTAŞ in June. Foreign exchange sales to BOTAŞ were reset in January after 6 years. In the January-May period, no foreign exchange sales …

EU raises Eurozone growth forecast

The EU Commission revised its Euro Zone growth forecast upwards and warned that inflation could rise with the relaxation of virus restrictions. The Commission announced that it expects better performance in 2022, while increasing its growth forecast from 4.3 percent to 4.8 percent this year. The regional economy performed above expectations in the first quarter …

Japan plans new state of emergency for Tokyo

According to the information given by several government officials, whose names were not disclosed by the Sankei Newspaper, it was stated that the Japanese government was considering the issue of declaring a new state of emergency in Tokyo. In the news, it was stated that with this possible decision, the Olympic Games could be held …