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The Bank for International Settlements plans to set up an Asian Green Bond Fund to attract central bank reserves
The Bank for International Settlements (BIS) will launch an Asian green bond fund to channel global central bank reserves to climate-friendly projects in the Asia-Pacific region. The BIS said the investment would target high-quality bonds issued by governments, supranational organizations and companies in accordance with strict international green standards. The new fund will be launched in the first half of next year and will work with the Asian Development Bank and other development financial institutions. "this is a fund designed to provide investable projects for central banks," said Siddharth Tiwari, chief Asia-Pacific representative of the Bank for International Settlements. Asian central banks accumulated record foreign exchange in August
ECB Commissioner Stournaras urges central banks to be cautious about surging inflation
ECB Governing Council member Yannis Stournaras said that as the central bank prepares for next week's policy decisions, the soaring inflation rate in the Eurozone should not be overinterpreted. “According to most estimates, the recent surge in inflation is due to temporary factors which are related to the many supply-side bottlenecks caused by the pandemic,” he said. “Wage changes and unit labor costs, which determine the core inflation rate, do not show the same volatility as the overall inflation rate,” he said. “Therefore, based on this evidence, I would like to suggest that we be cautious when judging the direction of inflation relative to the medium-term target
NIO Auto: 5880 vehicles were delivered in August, a year-on-year increase of 48.3%
According to NIO, 5,880 vehicles were delivered in August, an increase of 48.3% over the previous year. As of August 31, 2021, the cumulative delivery volume of ES8, ES6 and EC6 vehicles reached 13,1408. NIO said it will carefully adjust the delivery outlook for the third quarter of 2021 to 22,500 to 23,500 vehicles due to supply chain restrictions. After announcing the August delivery data, NIO Auto declined before the market, having previously risen 1.3%.
Morgan Stanley: The market will have a “hot” capital expenditure cycle. Now is a good time to borrow money
Andrew Sheets, chief cross-asset strategist at Morgan Stanley, wrote: Being a borrower rather than a lender, the obvious things are still important. Judging by several indicators, now is a good time to borrow money. Despite what we've noticed, “very low yield” has been a constant cry for the past 10 years. But today we're seeing borrowing costs, capabilities, and needs combined in a unique way. Let's start with the cost of borrowing. European corporate bond yields are at historic lows, and American companies have been unable to borrow at such a low cost since 1955. from the US
Jackson Hole's annual meeting is slightly cold, and the presidents of the European Central Bank and the Bank of England will not attend
An ECB spokesperson said that ECB President Lagarde will not attend the high-profile Jackson Hole (Jackson Hole) annual central bank meeting at the end of August. The media reported earlier that Bank of England Governor Bailey would not attend either. The paper quoted a Bank of England spokesperson as saying that due to limited capacity, the organizers were “focusing on the US domestic invitation list.” More and more people speculate that Federal Reserve Chairman Powell may deliver a speech at the Jackson Hole annual meeting of central bank governors, implying that the Federal Reserve is preparing to begin easing monetary support. The conference was held in Jackson Hole, Wyoming.
Apple's number of autonomous driving test vehicles in California reached 69, far exceeding Tesla's
According to data from the California Motor Vehicle Administration, Apple currently has 69 autonomous test vehicles and 92 test drivers in California, far more than Tesla. The data shows that since May of this year, Apple has added an autonomous test vehicle and 16 drivers in California. Its autonomous test fleet is now the third largest in California, behind Google's autonomous driving subsidiary Waymo and GM's Cruise. By comparison, Tesla had 22 autonomous vehicles and 86 drivers in California as of the end of July. The data collected by Apple's autonomous vehicle fleet could help this
Federal Reserve Daly: Code cuts may begin at the end of this year or the beginning of next year
Mary Daly, Governor of the Federal Reserve Bank of San Francisco, said that the Federal Reserve may begin to reduce asset purchases later this year or early 2022. “I'm looking at factors such as the continued progress of the labor market, the continued control of the COVID-19 pandemic, and the increase in vaccination rates. These are the most basic factors we use to judge the economy on the scale of substantial progress,” Daly said in an interview with PBS on Wednesday. “I think one model prediction that is most likely to happen is that by the end of this year or the beginning of next year, we will act on assets to reduce the size of asset purchases.”
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