Federal Reserve Chairman Powell's change in attitude suggests that stubborn inflation may cause the central bank to delay interest rate cuts

Federal Reserve Chairman Powell said that recent inflation data shows that it may take longer for the central bank to have enough confidence in cutting interest rates. Powell pointed out that after the rapid decline in the inflation rate at the end of last year, the Federal Reserve lacked further progress in fighting inflation. If price pressure continues, the Fed can keep interest rates unchanged for “as long as necessary.” In a panel discussion with Bank of Canada Governor Tiff Macklem, Powell stated, “The recent data clearly does not give us more confidence; on the contrary, it shows that it may take longer than expected to achieve this confidence.” He said,

環球市場播報Apr 16 14:36 ET

Can the compass of declining revenue and profit become the second Oriental Wealth company?

“Investor Network” Wu Wei Recently, a piece of news about Compass (300803.SZ)'s newly established subsidiary including multiple AI businesses attracted market attention. Prior to that, several investment institutions conducted research on Compass. Investors paid attention to its integration of McCall Securities (formerly Netcom Securities) and the progress of holding Pioneer Fund. It should be pointed out that although in 2023, Compass successfully incorporated the revenue of McGo Securities into the company's statements, the company's revenue for the current period still showed an 11.33% year-on-year decline, and net profit decreased by 78.54% year-on-year. And the fourth quarter of 2023

China InvestorsMar 14 19:31 ET

Zhongyan Dadi (003001.SZ): Plans to increase investment of 8 million US dollars in Vietnam's compass

Gelonghui, Feb. 1: Zhongyan Dadi (003001.SZ) announced that according to the company's overseas strategic plan, in order to meet the development needs of the company's holding subsidiary Compass Geotechnical Engineering Technology Co., Ltd. (“Vietnam Compass”), it was agreed that the company would increase its investment in Vietnam Compass by US$8 million on top of the previously approved investment amount of US$2.5 million. After completing the capital increase, the total planned investment in Vietnam Compass is US$10.5 million.

Gelonghui FinanceFeb 1 07:09 ET

Compass (300803.SZ): 2023 net profit of 73 million yuan fell 78.54% year on year

On January 26, Ge Longhui (300803.SZ) announced its 2023 annual report. The company achieved total operating revenue of 1,113 billion yuan, down 11.33% from the same period of the previous year; realized net profit attributable to shareholders of listed companies of 73 million yuan, down 78.54% from the same period of the previous year; in 2023, cash received from sales of goods and services, down 21.74% from the same period last year; net cash flow from operating activities was 1,437 billion yuan, an increase of 272.72% over the same period last year, mainly in the McGow Securities brokerage business Caused by an increase in customer deposits. Gazeta

Gelonghui FinanceJan 26 06:55 ET

Compass (300803.SZ): Bid for 34.2076% of Pioneer Fund's shares with 110 million yuan

On December 25, Ge Longhui Compass (300803.SZ) announced that the company held the 19th meeting of the 13th board of directors on December 22, 2023 to authorize the management to participate in the judicial equity auction of Pioneer Fund Management Co., Ltd. (“Pioneer Fund”) with its own funds. On December 25, 2023, according to the announcement on the Taobao Judicial Auction Online Platform of the Taizhou Intermediate People's Court of Jiangsu Province, the company bid for 34.2076% of the shares held by United Venture Group Co., Ltd. (“Joint Venture”) at a price of 110 million yuan.

Gelonghui FinanceDec 25, 2023 03:49 ET

Compass (300803.SZ) granted 8.1293 million stock options at an exercise price of 59.2 yuan/copy

Compass (300803.SZ) announcement, as stipulated in the “Company's 2023 Stock Options Incentive Plan (Draft)”...

Zhitong FinanceNov 30, 2023 06:44 ET