RBNZ said energy prices have fallen, but the shock's effects will persist for some time and medium-term inf pressure remains uncertain.

Citi cut its target price on Tencent to HKD 758 from HKD 763 and kept a Buy rating. For Q2 Citi forecasts revenue +9.3% YoY to CNY 201.7 bln and adjusted net profit +5.1% YoY to CNY 66.25 bln, citing caution over AI-related spending and profit drag; estimates are below consensus. Citi expects H2 focus on agent-style AI trials within WeChat, mini-program integration with Hy3, next-generation/upgrades to the Hy model, and capex. Citi says Tencent will likely prioritize share buybacks, boost AI investment and use AI to reinforce core-business growth.

At a July 7 briefing, CHINA Foreign Ministry spokesperson Mao Ning called on the United States to fully lift its illegal unilateral sanctions on Venezuela, saying such measures impede post-quake rescue, humanitarian funding, international financial transfers and imports of essentials. She noted Washington has temporarily eased some restrictions to facilitate humanitarian aid, but other measures and frozen Venezuelan assets remain in effect and should be removed to support recovery and reconstruction.