forex cross rate

According to Reuters, Vietnamese leaders have urged Qualcomm and Samsung Electronics to increase their investments in artificial intelligence, semiconductors, and research and development as Vietnam seeks to become a regional innovation hub.

The UAE officially withdrew from OPEC and OPEC+ on May 1st, at which time it was the fourth largest oil producer in OPEC+. The effects of its withdrawal are already evident: in June, UAE crude oil production exceeded 3.8 million barrels per day, nearing historical highs. This is the highest level since April 2020 and significantly higher than pre-war production levels before the Iran-Iraq War, indicating that the UAE has indeed begun to expand production by taking advantage of the absence of quota constraints after its withdrawal. Although Venezuela possesses the world's largest proven oil reserves, it has long been affected by sanctions, insufficient investment, aging equipment, and infrastructure problems. While it has vast underground oil reserves, it is difficult to convert them into actual production in the short term.

Russian authorities say they launched an airstrike on the Nova Poshta warehouse near Kyiv, Ukraine.

Toyota: In July, the parent company's Japanese automobile production increased by 12.4% year-on-year to 328,157 vehicles.

JPMorgan Chase lowered its price target for Kroger (KR.N) from $63 to $62.

The yield on Japan's 5-year government bonds rose 4 basis points to 2.195%, a record high.