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Morgan Stanley warns: the continued rise in international oil prices may lead to the collapse of demand.
Original title: Morgan Stanley warned: continued rise in international oil prices may lead to demand collapse on Tuesday, Brent prices once exceeded 80 US dollars per barrel, reflecting the tightening of global markets caused by rising demand and rising natural gas prices. The rise in energy prices this month has led to speculation that OPEC and its allies may ease production cuts more quickly. With winter approaching and gas shortages in Europe, the demand outlook looks optimistic. But some experts warn that damage to demand could be imminent as prices rise. Morgan Stanley pointed out in his report in June that oil prices have been out of line with the marginal cost of supply, on the contrary.
Singapore's property market has cooled down due to a new epidemic without government intervention.
Ravi M.G.K. Menon, director of Singapore's Monetary Authority, said at the end of last month that the authorities were "highly vigilant" against rising house prices. The move follows a sharp rebound in Singapore's property market from the downturn in the early stages of the epidemic, sparking speculation that the government may take cooling measures for the first time since 2018. However, such measures are no longer necessary because of a new wave of outbreaks. Data released by Singapore's Urban Renewal Authority on Friday showed that house price growth in Singapore slowed in the second quarter as epidemic restrictions prevented the launch of new buildings and limited the number of people who could visit apartments.
Auto parts giant Magna buys Swedish Veoneer for $3.8 billion
Canadian auto parts giant Magna International announced on Thursday that it will buy Swedish rival Veoneer for about $3.8 billion in cash to help expand its driver assistance technology business. Based on Thursday's closing price, Veoneer's market capitalization is about $2.23 billion. Magna will pay $31.25 per Veoneer share. Stockholm-based Veoneer will merge with Magna's existing advanced driving assistance business. The deal has been approved by the boards of directors of both companies and is expected to be completed by the end of this year.
Ark funds increase holdings of Ping an good doctors and reduce their holdings of BYD
According to the latest trading report, (ETF), an exchange-traded fund managed by, Cathie Wood's Ark Investment Management, bought 973700 shares of Ping an good Doctor. ETF, owned by Ark, also bought 271353 shares of Quantum-Si and 90811 shares of UiPath. The fund sold 123982 BYD ADR,60983 shares, Pure Storage shares, 49049 Pluristem Therapeutics shares and
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