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Morgan Stanley warns: the continued rise in international oil prices may lead to the collapse of demand.
Original title: Morgan Stanley warned: continued rise in international oil prices may lead to demand collapse on Tuesday, Brent prices once exceeded 80 US dollars per barrel, reflecting the tightening of global markets caused by rising demand and rising natural gas prices. The rise in energy prices this month has led to speculation that OPEC and its allies may ease production cuts more quickly. With winter approaching and gas shortages in Europe, the demand outlook looks optimistic. But some experts warn that damage to demand could be imminent as prices rise. Morgan Stanley pointed out in his report in June that oil prices have been out of line with the marginal cost of supply, on the contrary.
Ford stops producing cars in India, cutting 4000 jobs
Ford announced on Thursday that it would stop production in India and close two factories in India, becoming the latest carmaker to withdraw from the Indian market. The company said production of cars sold in India would be stopped immediately and about 4000 employees would be affected. Ford is expected to account for about $2 billion in expenses related to the restructuring. Ford made the decision because it is no longer profitable to continue operating in India and the entire exit process will take about a year. The company will continue to sell some of its cars in India through imports and will provide support to local dealers to serve the remaining customers. Ford
Inflation! Us companies reported a record number of inflation in the second quarter.
While almost unprecedented growth in corporate earnings pushed the S & P to an all-time high in 2021, Bank of America Corporation said companies in the index were increasingly worried about the impact of inflation. Inflation was discussed at an all-time high during the second-quarter earnings call, BofA said in a report on Monday. Inflation has been mentioned nine times more than in the same period last year, in line with the increase in the first quarter. Some companies expect cost pressures to exceed pricing power in the near term, highlighting rising inflationary pressures. As the US economy continues to recover from the recession triggered by the COVID-19 pandemic,
The U.S. Senate will vote on the infrastructure bill on Tuesday morning local time
U.S. Senate Majority Leader Chuck Schumer said the Senate will vote on the $550 billion bipartisan infrastructure bill at 11:00 EDT on Tuesday, and then consider the $3.5 trillion budget immediately.
Facebook co-founder leads investment to spawn India's first cryptocurrency “unicorn”
Indian cryptocurrency exchange CoinDCX announced on Tuesday that it has completed a round of 6.7 billion rupees (about 90 million US dollars) of financing, led by Facebook co-founder Eduardo Savilin's B Capital Group. The company's valuation reached 1.1 billion US dollars, making it the first “unicorn” company in the Indian cryptocurrency field. The company said that existing investors including Coinbase, Polychain, Block.one and JUMP Capital also participated in this round of financing. According to Chainalysis data, as of May
Singapore's property market has cooled down due to a new epidemic without government intervention.
Ravi M.G.K. Menon, director of Singapore's Monetary Authority, said at the end of last month that the authorities were "highly vigilant" against rising house prices. The move follows a sharp rebound in Singapore's property market from the downturn in the early stages of the epidemic, sparking speculation that the government may take cooling measures for the first time since 2018. However, such measures are no longer necessary because of a new wave of outbreaks. Data released by Singapore's Urban Renewal Authority on Friday showed that house price growth in Singapore slowed in the second quarter as epidemic restrictions prevented the launch of new buildings and limited the number of people who could visit apartments.
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