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PIMCO expects that the probability of a recession in the USA this year is about 30%, but stagflation will not occur.
The Pacific Investment Management Company (PIMCO) expects that with the ongoing tariff war, the Federal Reserve's prediction of rising inflation, and slowing economic growth, the likelihood of a recession in the USA by 2025 is 30-35%, but stagflation will not occur. PIMCO Managing Director Tiffany Wilding stated that despite the uncertainty, the USA economy continues to remain resilient, and the private sector's balance sheets remain 'very strong.' When asked about a Deutsche Bank survey showing the probability of a recession approaching 50%, Wilding responded, 'We believe that the economy...'
Signs of reduced effectiveness of USA sanctions appear as several sanctioned Russian oil tankers leave port with cargo for the first time in over a year.
The effectiveness of USA's sanctions on Russian oil tankers shows signs of diminishing, with several tankers that have been blacklisted conducting transportation for the first time in over a year, boosting the country's Crude Oil Product shipment volumes. USA's sanctions have restricted Russia's ability to export oil and fund the conflict in Ukraine. However, in recent days, three blacklisted tankers have carried Russian flagship Pacific-class crude oil and have set sail from the country's major regional ports. Satellite imagery also shows that more vessels are leaving the anchorage west of Nakhodka port; these ships have remained idle since the implementation of sanctions. Among them is the tanker.
Noted economist El-Erian stated that the largest consensus Trade has been disrupted: "The American exceptionalism" is under threat.
The prominent economist Mohamed El-Erian believes that the "exceptionalism of the USA" is threatened by the uncertainties of President Donald Trump's political and economic policies. El-Erian, who is the former head of The Pacific Investment Management Company and currently serves as the Dean of Queen's College at Cambridge University, stated that investors are beginning to question the transparency of the current US government and its adherence to the rule of law. He mentioned that this development has put pressure on American Assets. "One of the advantages of the USA is its predictability and rule of law," El-Erian said in an interview, "the more questions raised about these two issues, the more people will start to doubt."
China Pacific Insurance: The Pacific Life Insurance received original insurance premium income of 49.575 billion yuan in January, an increase of 10.3% year-on-year.
China Pacific Insurance (02601) announced that from January 1, 2025, to January 31, 2025, its subsidiary China Pacific Life Insurance Co., Ltd. has accumulated original insurance premium income of 49.575 billion yuan, a year-on-year increase of 10.3%. The company's subsidiary China Pacific Property Insurance Co., Ltd. has accumulated original insurance premium income of 26.696 billion yuan, a year-on-year increase of 5.1%.
Musk stated that xAI's chatbot Grok will be released on Monday, praising it as "terrifyingly smart."
Elon Musk posted on X that the Grok 3 model will be released at 8 PM Pacific Time on Monday, and it will be demonstrated live. Musk praised his upcoming Grok 3 chatbot a few days ago, stating that it will surpass all other AI models released to date. "Sometimes I feel Grok 3 is frighteningly smart," Musk said during a video speech at the World Government Summit held in Dubai on Thursday. Musk indicated that this model from his company xAI has been trained on synthetic data, allowing it to self-reflect on the errors it makes through data, thereby achieving logical coherence.
CDB LEASING's subsidiary plans to purchase two offshore support vessels.
CDB LEASING (01606) announced that two wholly-owned subsidiaries of the company (as buyers) entered into a shipbuilding contract with the seller, Nantong CIMC The Pacific Ocean Construction Co., Ltd on January 27, 2025. The seller agrees to build and sell the symbol Ship to the buyer, who agrees to purchase the symbol Ship for a price not exceeding 60 million USD. The symbol Ship consists of two offshore support vessels, with an estimated market price totaling no more than 60 million USD. The seller will construct the symbol Ship according to the terms of the shipbuilding contract. The announcement states that the shipbuilding contract was entered into by the company in the ordinary and usual course of business.
Pacific Securities (SHSE:601099) Shareholders Have Earned a 46% Return Over the Last Year