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Home > Latest

Lates News

date
29/08/2025
The auction of 7-year US Treasury bonds on August 28 resulted in a winning bid rate of 3.925%, down from the previous rate of 4.09%. The percentage of winning bids at this rate was 19%, compared to 75.53% in the previous auction. The bid-to-cover ratio for the auction was 2.49, down from 2.79 in the previous auction.
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1 m ago
CICC: MIIT Issues Document to Promote the Development of Satellite Communication Industry, Direct Connection of Mobile Phones Opens Up Market Space for Satellite Applications.
3 m ago
The semi-annual report shows that the production of oil and gas equivalent of China National Petroleum, Sinopec, and CNOOC has all reached historical highs, but their revenue and net profit have decreased to varying degrees, with a total decrease of over 29 billion yuan compared to the same period last year, equivalent to a daily decrease of about 1.6 billion yuan. According to Sun Chuanwang, a professor at the China Energy Economy Research Center of the Economics School of Xiamen University, the phenomenon of "increased production but decreased profits" in the semi-annual reports of the three oil companies is mainly related to the decrease in international crude oil prices, the decline in downstream petroleum product sales volume, and the sluggish profit margin in the chemical market. Faced with the increasing pressure of new energy on the traditional oil and gas market, the three oil companies have unanimously chosen to increase their efforts to break through towards the "new". "Traditional energy companies must keep up with the trend and transition to green." Yan Hongtao, president of CNOOC, stated during a midterm performance exchange meeting held on August 28 that they will increase research and development investment in the future and track and participate in global new energy development. Through technological progress, improved management capabilities, and other means, they will seek out new energy industries with a certain competitive advantage to become the second growth curve of the company, in addition to oil and gas. (Economic Reference News)
3 m ago
Half-year profits reduced by more than 29 billion yuan, three major oil companies seek breakthroughs in the "new" sector.
4 m ago
Temasek will split the investment portfolio into three departments and adjust the senior management level.
6 m ago
Huatai Securities: "AI + Consumption" Welcomes Policy Spring Breeze Recommended Two Investment Themes
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