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Sinopec sets a flexible 2026 budget, signaling up to a 20% cut in capital expenditure after reporting a 34% profit drop in 2025. Spending is targeted at 131.6–148.6 billion yuan, down from 164.3 billion yuan, mainly in chemicals. Declines stem from w

2026-03-23

Sinopec sets a flexible 2026 budget, signaling up to a 20% cut in capital expenditure after reporting a 34% profit drop in 2025. Spending is targeted at 131.6–148.6 billion yuan, down from 164.3 billion yuan, mainly in chemicals. Declines stem from weaker fuel consumption, petrochemical oversupply, and rising crude costs amid the Middle East war. Analysts warn refining margins may face Q2 pressure from soaring oil prices and Strait of Hormuz disruptions.

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2026-03-23

The percentage of winning bids for the 6-month U.S. Treasury bonds up to March 23 was 1.37%, compared to 71.14% previously.

The percentage of winning bids for the 6-month U.S. Treasury bonds up to March 23 was 1.37%, compared to 71.14% previously.
2026-03-23

According to Axios: U.S. Vice President Vance may also represent the United States in the negotiations.

According to Axios: U.S. Vice President Vance may also represent the United States in the negotiations.
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