Trade

  • Directorate General of External Trade of India: Businesses can import electronic products such as laptops, tablets and other personal computers without a license until October 31. The import restrictions will take effect on November 1.

Industry -China

  • Beacon Professional Edition(灯塔专业版): As of 14:23 on August 5, the total box office of the summer season (June 1-August 31) has exceeded 14 billion. “Lost in the stars消失的她”, “Never say never /Octagonal八角笼中” and “Chang An长安三万里” are currently among the top three box office films in the 2023 summer vacation.

China

  • Ministry of Agriculture and Rural Affairs: On August 4, the average price of pork in the national agricultural product wholesale market was 22.17 yuan/kg, an increase of 11.6% from the previous month. The average price this week was 21.45 yuan/kg, a month-on-month increase of 10.7%. On August 3, the price of live pigs reached 17.61 yuan/kg, a record high this year.

Company

  • Bloomberg: Suzano SA, the world’s largest hardwood pulp producer, and several private equity firms are all likely to participate in the next round of bidding for the shares of Vinda International, a Hong Kong-listed tissue maker. Bain Capital and CVC Capital Partners are also advancing bids for equity. Shareholders consider that the guiding price is around HK$20 per share.
  • Berkshire Hathaway（伯克希尔哈撒韦，巴菲特的公司）: In the second quarter, revenue was US$92.503 billion, a year-on-year increase of 21.4%; net profit was US$35.912 billion, compared with a loss of US$43.755 billion in the same period last year. The total asset scale has reached 1041.573 billion US dollars; the sharp increase in net profit is due to the substantial increase in investment income. As of June 30, about 78% of investments were concentrated in American Express, Apple, Bank of America and The Coca-Cola Company.
  • The U.S. Food and Drug Administration (FDA): Approved the marketing of a drug for the rapid treatment of postpartum depression jointly developed by Biogen and Sage Therapeutics Inc., and granted the application priority review and fast track. The drug, which will be sold under the name Zurzuvae, is designed to help people feel better within days, rather than weeks like most commonly used antidepressants.
  • Hon Hai（红海集团）: In July, revenue was NT$469.234 billion, a year-on-year decrease of 1.23% and a month-on-month increase of 10.99%. Cloud network product categories and consumer smart products have double-digit growth; components and other product categories have double-digit growth; PC market demand has slowed down, but back-to-school demand has increased, and computer terminal products have maintained the same performance as last month.
  • Yonhap News Agency韩联社: China-Korea shipping passenger ships, which have been suspended for 3 years and 7 months due to the new crown epidemic, will gradually resume operations from August 9. Starting with the resumption of passenger ships between Pyeongtaek and Weihai（平泽和威海） on the 9th, passenger ships from Pyeongtaek to Yantai（平泽至烟台）, Incheon to Weihai(仁川至威海) will resume on the 10th, and from Incheon to Qingdao will resume on the 11th. The passenger ship only carried containerized cargo after a break in early 2020.

World

  • On July 30, the average global ocean surface temperature reached a record high of 20.96℃, the highest temperature recorded since the 1980s. The warmest months for global average ocean surface temperatures are usually in March rather than August, so the record is likely to be broken again in the next few months.
  • Argentina: Affected by climate change and the El Niño phenomenon, some cities in South America have set high temperature records despite the midwinter. The Argentine capital, Buenos Aires, broke its 81-year record for the highest daily temperature in winter last Tuesday, when the maximum temperature reached 30℃. Under normal circumstances, the highest temperature in the same period of the year is about 15.6℃.
  • Argentina: From January to July, Argentina exported 10.9 million tonnes of soymeal, below neighboring Brazil’s 13.3 million tonnes. This is the first time since 1997 that Brazil has exported more soybean meal than Argentina.