) said on Monday that it will suspend all open positions for retail investor products linked to commodities futures, including crude oil, natural gas, copper and soybeans, from Tuesday.
It warned investors on Monday of a possible loss of all investments or cash deposits in these products due to commodities market volatility. Shanghai Pudong Development Bank also said in a notice on Monday that it would suspend open positions for its copper and soybean trading products from the morning of April 28.
CME updated its systems to process negative prices earlier this month. In a notice dated April 8, it told clearing firms and clients that it had a plan in place “if major energy prices continue to fall toward zero in the coming months,” and if WTI crude oil, RBOB gasoline or heating oil futures fell between or below a certain range.
Oil prices have plunged this year due to the spreading economic impact of the coronavirus pandemic, a price war triggered by major producers Saudi Arabia and Russia, and a shortage of storage for excess oil, causing many crude oil-linked products to rack up major losses.
Banchina worldagainstChina
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China industrial firms' March profits fall 34.9% year-on-yearProfits earned by China's industrial firms in March fell 34.9% from a year earlier to 370.66 billion yuan ($52.43 billion), the statistics bureau said on Monday. GG !!!! 🇨🇳💀 Who would guess that it was their goal!? Oh right WHO! Shall we say recession boys and girls
Source: Reuters - 🏆 2. / 97 Read more »
China denies spreading coronavirus disinformation following EU reportChina's foreign ministry on Monday denied claims that Beijing is spreading disinformation about the coronavirus following a European Union report that said there was 'significant evidence' of covert Chinese operations on social media. Which thief has volunteered in his admission by the way? 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️ Forget about the damn vaccine and just give us a pill to put us out of our misery.
Source: Reuters - 🏆 2. / 97 Read more »
China reports three new mainland coronavirus cases on April 26, two importedChina reported three new confirmed coronavirus cases on April 26, down from 11 a day earlier, with no new deaths, the country's health authority said on Monday. 😔😔😔 Yeah, ok! Stop this. What’s the point to report this you have no way to verify the accuracy?
Source: Reuters - 🏆 2. / 97 Read more »
Wuhan hospitals have no coronavirus patients, China says - Business InsiderThe city lifted its lockdown on April 8, but restrictions remain as public-health experts fear a second wave of infections. why, cuz they are locked in their apartments with iron bars?
Source: BusinessInsider - 🏆 729. / 51 Read more »
China put pressure on EU to soften coronavirus disinformation reportOne EU official said the Chinese mission to the EU had protested about the report through several diplomatic channels. I'm an expat living in Russia...Russia closed the border between the two countries in January. I was in Moscow in February...there were NO Chinese tourists in Red Square, extremely unusual! Maybe EU needs that in exchange for medical supplies halted by China. China also threatened US before. Why EU kneel? For RMB?
Source: politico - 🏆 381. / 59 Read more »
Taiwan Celebrates Hong Kong Bookseller Who Crossed ChinaThe opening of a hole-in-the-wall bookstore in Taipei doesn’t usually attract much hullabaloo. Saturday’s reemergence of a bookseller who has for years proved a thorn to China’s rulers in Beijing was a different story. Good Stick it to the China Man ( China's autocracy )
Source: WSJ - 🏆 98. / 63 Read more »