- Vortexa: Russia overtook Saudi Arabia and Iraq to become India’s largest oil supplier in October. Russia supplied India with 946,000 barrels of oil per day in October, the highest for the month and accounted for 22% of India’s total crude imports. Meanwhile, Iraq accounted for 20.5% of October’s supply and Saudi Arabia 16%.
- The freight rate on the US-Western route fell below the US$2,000 mark. According to the latest data released by the Shanghai Shipping Exchange, the freight rate of the Shanghai Port to West America route fell below the US$2,000/FEU (40-foot container) mark, gradually returning to the pre-epidemic level. The freight rate (shipping and shipping surcharges) for exports from Shanghai Port to the West American base port market was US$1,902/FEU, down 6.3% from the previous issue.
- UPS’s third-quarter revenue rose 4.2%, missing expectations. United Parcel Service (UPS), one of the world’s largest package delivery companies, released its third-quarter 2022 financial results. Data show that the company’s third-quarter consolidated total revenue was 24.161 billion US dollars, a year-on-year increase of 4.2%, lower than market expectations. Net profit was US$2.611 billion, a year-on-year increase of 9.6%, higher than market expectations.
- Goldman Sachs: Dutch TTF gas prices will drop from €120/MWh to €85/MWh by the first quarter of 2023. The recent cooling in gas prices is due to Europe’s largely full gas reserves, milder-than-expected autumn temperatures and a glut of liquefied natural gas. Prices are expected to surge to just under €250/MWh by the end of July next year as stock levels rebuild.
- Citigroup: Brent crude oil prices will average $97/barrel in the fourth quarter, falling to $88/barrel by 2023. Brent is expected to average $95/bbl in the first quarter of 2023, gradually falling to $82/bbl by the fourth quarter of 2023. Oil prices in the fourth quarter and first quarter of 2023 are expected to be higher than they were 4-6 weeks ago.
- SNE Research: From January to September, the total installed capacity of electric vehicle batteries in the world reached 341.3 GWh, a year-on-year increase of 75.2%. In September, the total installed volume of electric vehicle batteries in the world was 54.7 GWh, a year-on-year increase of 61.2%. CATL ranks first in the world with 19.9GWh of installed capacity; LG New Energy’s installed capacity of batteries is 8.8GWh, returning to second place, and BYD’s installed capacity of power batteries is 7.3 GWh, ranking third.
- Canalys: Global spending on cloud infrastructure services reached $63.1 billion in the third quarter, a year-on-year increase of $13.8 billion and a 28% annual increase; negatively affected by inflation and rising energy prices, the annual growth rate of cloud service spending fell below 30 percent for the first time %; Amazon Web Services, Microsoft Azure and Google Cloud remain the top three vendors, accounting for 63% of global cloud spending, with a combined increase of 33%.
- Five departments including the State Administration of Radio, Film and Television: By the end of 2025, more than 70% of the country’s administrative villages will deploy more than 2 sets of emergency broadcast and active release terminals; the coverage rate of active release terminals in administrative villages in disaster-prone areas and key rural governance areas will reach 100%; By the end of June 2023, all provinces, cities and counties across the country will complete the formulation of engineering plans for relevant emergency broadcasting construction projects and the implementation of construction funds.
- The Ministry of Industry and Information Technology and the Ministry of Public Security: Drafted the “Notice on Launching the Pilot Work of ICV Access and Road Traffic (Draft for Comment)”.
- Wang Shoujun, Chairman of the Chinese Nuclear Society: As of June, China had 53 nuclear power plants in operation and 23 nuclear power plants under construction, ranking first in the world in terms of the number of nuclear power plants under construction. This year, 10 nuclear power units have been approved. It is expected that in the next five years, the approved start-up rhythm of 6 to 8 nuclear power units will be maintained, and the nuclear power generation will also increase significantly. By 2035, nuclear power is expected to account for about 10% of total electricity generation.
- Vanke Enterprise: In October, the contracted sales area was 1.988 million square meters, and the contracted sales amount was 32.10 billion yuan. From January to October, the total contracted sales area was 21.357 million square meters, and the contracted sales amount was 346.77 billion yuan.
Johnson & Johnson: It will buy artificial heart maker Abiomed for $16.6 billion to consolidate its cardiovascular device business.
- Tata Group expands recruitment to expand iPhone foundry business. Recently, India’s Tata Group plans to double the number of employees at Apple’s iPhone factory in southern India.
- Walmart: From November 1st to 3rd, local time in the United States, newly registered Walmart+ members will only be charged an annual fee of $49, which is equivalent to half of the usual $98 annual fee, and members will enjoy early access to “Black” starting on November 7th. Friday Promotion”.
- Amazon: Published a white paper on the development of cross-border e-commerce in China. Recently, Amazon released the “2022 White Paper on the Development of China’s Export Cross-border E-commerce Industry Clusters”. The white paper shows that China’s export cross-border e-commerce industry clusters are accelerating the transformation and upgrading, showing multiple points from the coast to the inland and from the east to the west. With the trend of blooming, more and more industrial clusters with traditional foreign trade advantages have achieved global business expansion through exporting cross-border e-commerce.
- eBay US: Release 2022 holiday spending trends. The site puts together a list of popular brands and items: collectibles first, fashion second, motors, parts and accessories, and electronics.
- Boeing reported earnings, with losses widening year-on-year. The third-quarter results released by the American aircraft manufacturing giant Boeing showed that the company’s revenue was 15.956 billion US dollars, a year-on-year increase of 4.44%; the net loss attributable to the parent was 3.275 billion US dollars, compared with 109 million US dollars in the same period last year, and the loss increased by 2904.59% year-on-year. Achieved operating cash flow of $3.19 billion, higher than market expectations.
- The Fed announced a 75 basis point rate hike, in line with expectations.
- The German economy unexpectedly expanded by 0.3% in the third quarter.
- The Mexican economy grew by 4.24% year-on-year, exceeding expectations.
- Singapore’s inflation rate rises to 5.3%, a record high