News

Golden Ten Data April 28 – Hirofumi Suzuki, Chief Foreign Exchange Strategist at Sumitomo Mitsui Banking Corporation, stated that the three votes in favor of raising interest rates were somewhat unexpected, and Policy Board member Junko Nakagawa also switched to support a rate hike. In Japan, the impact related to the Middle East shock has already begun to affect consumer confidence, which is concerning in itself, and this effect is expected to be further transmitted to prices. Meanwhile, the Japanese yen remains under depreciation pressure in financial markets. Overall, the Bank of Japan will have no choice but to maintain a tightening bias. If it can be confirmed that the Middle East situation has eased, the bank is expected to raise interest rates further around June to July.

According to the contract, HiMoTech will provide two sets of high-precision mobile production testing equipment and supporting services to Occidental Petroleum Company's Northern Oman. These will mainly be used for single-well production testing and monitoring production data in oil fields. The project adopts an oilfield asset leasing service model, with a contract period of 7 years.

Gelonghui, April 28th — On the 27th, the Director of the U.S. Congressional Budget Office, Phillip Swagel, stated that over the next decade, the federal government budget deficit will increase by about 110 billion USD. He said that the current conflict in the Middle East has caused energy prices to soar, rendering the U.S. government's efforts to boost the economy through tax cuts "in vain."