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CFM Morning Post

1.Goldman Sachs and the Malaysian government have reached an agreement to settle a legal dispute with the Malaysian government over the group’s issuance of bonds on behalf of a Malaysian development company.Under the agreement, Goldman Sachs will compensate the Malaysian government about $3.9 billion.

2.According to a draft document obtained by Reuters, the EU will review and restrict the export of “specific sensitive equipment and technologies” to Hong Kong, especially those suspected of being used for “repression”, interception of internal communications and network surveillance, Reuters reported.The measures are expected to take effect on July 28, Reuters said.

3.Us Federal Court: according to Washington law, Bitcoin is defined as “currency”

4.Hindustan Times: India’s first COVID-19 vaccine began to enter clinical trials on July 24.The first phase of the trial will be conducted among 375 healthy volunteers aged 18 to 55, of whom about 100 will be tested at the all-Indian Academy of Medical Sciences.The second phase of the trial will cover 750 volunteers from all 12 regions, aged between 12 and 65.

5. Fearing that the decline in relations with the United States may not be settled in dollars, Turkey has now overtaken the first Russia to become the world’s largest buyer of gold.

6.Central bank of India: Affected by the epidemic, India’s economy is almost stagnant, and non-performing loans in Indian banks are expected to rise from 8.5% in the last fiscal year to 12.5% in this fiscal year, a 20-year high. Das, governor of the central bank of India, said that if the macroeconomic environment deteriorated further, the ratio could rise to 14.7%, thus increasing economic pressure.

7.Global economic uncertainty will support gold investment in the second half of the year. The epidemic has had an extremely serious impact on overseas economies. Uncertainty will remain high and could have a lasting impact on the portfolio. Factors such as high risk, low opportunity cost and positive potential energy will support gold investment in the rest of the year.

8.South Korea’s Ministry of Transport: issued an emergency directive asking local airlines to check whether there is a problem with their Boeing 737. On the 24th, the Federal Aviation Administration issued an emergency directive requiring emergency inspection of about 2000 Boeing 737NG and 737 classic airliners registered in the United States, because the corrosion of the air check valves of the relevant models of airliners may lead to engine failure.


Post time: Jul-28-2020

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