Swiss National Bank chairman Schlegel said the SNB has not set and is not pursuing a specific exchange-rate target, but its willingness to intervene in FX markets has increased. He said the bank uses its policy rate to secure appropriate monetary conditions and will employ other measures, including FX intervention if necessary, as deteriorating Middle East tensions are putting upward pressure on the Swiss franc.

June 2 — China Nuclear Power Investment Holdings, a CNNC subsidiary, reported Xudabao nuclear power Unit 3 has completed hot-state performance testing, clearing the way for nuclear fuel loading and subsequent grid connection. The Xudabao project plans six 1,000 MW-class PWR units built in phases, with total installed capacity above 7.6 GW and total investment of 140 bln yuan. At full build-out the project is expected to supply about 54 bln kWh annually, save roughly 19.2 mln tonnes of standard coal and reduce CO2 emissions by about 56.7 mln tonnes, supporting Liaoning’s development of an integrated wind-solar-thermal-nuclear-storage energy base.

波兰总理图斯克呼吁波兰实现科技自主权。