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Mar 3 4 tweets 3 min read
JUST IN:
Saudi Arabia, UAE Clash Over Oil, Yemen Amid Growing Rift: WSJ Sources
#OOTT
Saudi Crown Prince Mohammed bin Salman Skipped Abu Dhabi Summit in January to Snub Emiratis: WSJ Sources
#OOTT #OPEC
Now, said Emirati officials say, the U.A.E. is having an internal debate about leaving OPEC, a decision that would shake the cartel and undermine its power in global oil markets.
#OOTT #OPEC #Saudi #UAE
wsj.com/articles/saudi…
The divergence began after the 2018 killing of Saudi journalist Jamal Khashoggi by Saudi government agents, which made the Emiratis reconsider how close they should be to him, Emirati officials said.
#OOTT #OPEC #Saudi #UAE

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More from @Sino_Market

Mar 5
🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸GDP growth target at around 5%
🔸CPI growth target at about 3% unchanged
🔸Budget deficit at 3% of GDP vs 2.8% 2022
🔸Add 12 million urban jobs in 2023 vs 11 mln 2022.
🔸Plans 3.8 tln yuan special gov bond sales vs 3.65
1/n
🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸Focus on expanding domestic demand, consumption
🔸More proactive fiscal policy
🔸Money supply growth to match nomical GDP growth
🔸Keep yuan exchange basically stableshore
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2/n
🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸Improve preferential tax & fee policies
🔸Tech policies will focus on self-reliance
🔸Increase grain output by 50 million tons
🔸Push Covid-19 vaccine & drug upgrade
🔸Support elderly care & fertility
3/n
Read 4 tweets
Mar 3
China state planner NDRC says experts suggest strengthening regulation and supervision of iron ore market to curb unreasonable price rises.
#China #IronOre
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#China #IronOre
Experts suggest that information agencies and financial institutions should release market information and research reports objectively and accurately, and not release misleading information or stimulate price rise expectations: NDRC
#China #IronOre
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Feb 23
#Alibaba:
3Q Rev. 247.76b Yuan, Est. 245.87b Yuan;
3Q Adj Ebitda 59.16b Yuan, Est. 53.56b Yuan;
3Q Cloud Rev. 20.18b Yuan, Est. 21.34b Yuan;
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$BABA
US-listed #Alibaba shares rise 4.2% in premarket session. $BABA
Ant Contributed $146m to BABA's Profit for the Quarter.
#Alibaba $BABA
Read 4 tweets
Feb 23
China offers financial support to Guangdong-Macao In-Depth Cooperation Zone in Hengqin and Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in Qianhai.
#China #HongKong #Macau
China central bank says to facilitate credit financing for Hong Kong residents and cross-border investment and financing for Hong Kong enterprises.
#China #HongKong #Macau
China central bank says to support Hong Kong in building itself into an asset management center, and deepen financial market and infrastructure connectivity between Shenzhen and Hong Kong.
#China #HongKong #Macau
pbc.gov.cn/goutongjiaoliu…
Read 5 tweets
Feb 16
China Seeks Extra Scrutiny of Ford-CATL Deal on IP Concerns: BBG
#China #US #CATL #Ford
China will scrutinize Ford Motor Co.’s recent agreement with Contemporary Amperex Technology Co. Ltd. to ensure the Chinese battery giant’s core technology isn’t handed over to the US carmaker: BBG cites people familiar
#China #US #CATL #Ford
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#China #US #CATL #Ford
Read 5 tweets
Feb 16
Fed's Mester: Fed Has No Intention of Changing 2% Target, Would Oppose Such a Shift. Sustainable Fiscal Environment Important over Longer Run. Does Not Expect the US to Fall into Recession.
#Fed $USD
Fed's Mester: Expect Growth Well Below Trend in 2023, Not Recession. Retail Sales Data Show Some Slowing, Economy Resilient.
#Fed $USD
Fed's Mester: As Fed Sets Policy Will Be Very Attuned to Incoming Data. Labor Force Growth Key to Economy's Long-term Health. May Take a Year Before See Full Effects of Rate Hikes.
#Fed $USD
Read 4 tweets

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