Australian Prime Minister visits Vietnam for the first time
1. OPEC+ Conference: The voluntary production reduction agreement reached in April was extended from the end of 2023 to the end of next year. On the basis of the voluntary production reduction, Saudi Arabia will cut production by 1 million barrels per day in July, and vowed to cut production if necessary. Extension, the UAE’s […]
Putin signs decree to abolish the Treaty on Conventional Armed Forces in Europe
1. Debt Ceiling – Donkey Elephant The central figures of both parties have lobbied lawmakers to pass the debt ceiling bill, but there are still opposition voices and key figures who have not expressed their views. 2. According to sources, Musk is expected to visit China this week and visit the Shanghai factory. 3. Putin […]
Putin plans to fine-tune oil price tax indicators, aiming to reduce crude price discounts
1. Debt ceiling – McCarthy will hold a press conference at 7:00 this morning, and Yellen reiterated that special measures will be exhausted as early as June 1. The media broke the news that the two sides have made progress on the excess epidemic funds and the reform of the energy licensing system. 2. Federal […]
McCarthy agrees to meet with Biden on Monday
1. Debt Ceiling – McCarthy agrees to meet with Biden on Monday, with representatives from both sides resuming negotiations first. Biden: is considering using the 14th Amendment to lift the debt ceiling; proposed a plan to cut spending. Yellen said that the deadline for the debt ceiling is still in early June; McCarthy: Biden’s position […]
Biden vetoes bill to restore solar panel tariffs in four Southeast Asian nations
1. Debt ceiling – McCarthy said after a second round of meetings with Biden that the two sides remain far apart, but a deal could be reached over the weekend. Biden canceled his plan to visit Australia after the G7 summit in Japan and returned home to meet McCarthy again at the weekend. Biden is […]
France signs statement in support of Ukraine’s NATO membership
1. Fed official speech – Barkin: The current financial stability is not an obstacle to the potential interest rate hike that may need to fight inflation. Bostic: It is not my basic expectation to cut interest rates this year. It may need to continue to raise interest rates but tends to pause. Kashkari: Inflation is […]
United States: There is no reason to cut interest rates this year, and can raise interest rates again if necessary.
1. Debt Ceiling Negotiations – Biden and McCarthy refused to give in to each other. The negotiations lasted about an hour without any progress. The two sides are scheduled to discuss again on the 12th and may continue to meet on Tuesday night and Wednesday local time. The debt ceiling was extended until Sept. 30 […]
To address issues like boosting natural gas output, Uzbekistan’s state gas business works with the European Energy Community.
1. The Ukraine situation should not be seen as the sole lens through which to evaluate China-EU ties, according to Fu Cong, head of the Chinese mission to the EU. 2. Polish Prime Minister Morawitz: The European Union will compensate Poland financially for the damage to its farmland caused by the purchase of significant quantities […]
The United Kingdom has upgraded the terrorist danger in Northern Ireland from “major” to “serious.”
1. The United Kingdom has upgraded the terrorist danger in Northern Ireland from “major” to “serious.” 2. Goldman Sachs: Worries about pressure on the banking industry appear to have abated. Vice President Biden: The financial problem is not over. 3. To alleviate financial stress, the Fed only needs to increase interest rates to aim inflation, […]
The Hungarian government has approved Finland’s participation in NATO.
1. Citizens Bank paid $16.5 billion for $72 billion in assets from Silicon Valley Bank, and the FDIC plans to sell off another $90 billion. In addition, the FDIC will make available as much as $70 billion in cash provisions. 2. the financial problem has lessened. There is a 50 percent chance of a Fed […]
