Foreign Investment in US Treasuries - Foreign investor holdings of Treasuries increased in May [1] - Overseas demand for US government securities remains resilient [1] Key Players - Canadian purchases led the surge in foreign holdings [1]

Investment Attractiveness - Britain's labour and assets are attractively cheap for foreign firms and investors [1] - The country should capitalize on this allure [1]

Market Access - India has broadened the application of a derivative product favored by foreign investors [1] - This expansion grants foreign investors greater access to India's $639 billion credit market [1]

Core Insights - Exxon Mobil Corporation (XOM), in collaboration with QatarEnergy, has discovered a new natural gas reservoir offshore Cyprus, specifically in Block 10, with preliminary drilling results indicating a gas-bearing reservoir approximately 350 meters thick at a depth of 1.9 kilometers [1][9] - This discovery follows the earlier successful finds at the Glaucus-1 well in February 2019 and the Glaucus-2 appraisal in March 2022, which confirmed the presence of a high-quality natural gas reservoir [3][9] - Cyprus aims to leverage its offshore gas reserves to enhance energy security and attract foreign investment, particularly in light of global energy market disruptions [4] Exploration and Development - The ExxonMobil-QatarEnergy consortium will continue to assess and appraise the reservoir's commercial viability in Block 10 over the coming months [2][5] - Despite multiple discoveries, Cyprus has not yet commenced commercial extraction or exports of its gas reserves [4] Industry Context - The Eastern Mediterranean is viewed as an untapped gas frontier, with the ExxonMobil-led consortium positioned as a key player in this region [3][9] - The geopolitical landscape has increased interest in diversified natural gas sources, making Cyprus's offshore reserves strategically significant [4]

Market Trends - Foreign investors have been net buyers of Japanese stocks for 13 consecutive weeks, marking the longest buying streak since 2013 [1]

Foreign Investment - President Vladimir Putin offers special accounts to attract new foreign investment into Russia's financial markets [1] Geopolitical Risk - Sweeping sanctions over the war in Ukraine impact Russia's financial markets [1]

Political Instability - Thailand's Prime Minister faces uncertainty due to a leaked phone call criticizing the army, leading to opposition calls for her resignation and street protests [1][2][4] - A key coalition party, Bhumjaithai Party, exited, leaving the ruling coalition with a slim majority in Parliament [3] - The Prime Minister apologized for her comments, claiming they were part of her negotiation tactic [5] - The current government previously lost a prime minister due to an ethics violation [6] Economic Impact - Foreign investors had already withdrawn $23 billion (23 亿) from Thai stock markets this year, viewing Thailand as vulnerable in the ASEAN region [8] - The political turmoil is seen as a distraction from implementing key economic reforms [9] - The Thai stock exchange is currently the worst-performing market globally this year [10]

Tax & Healthcare Policy Revisions - Senate Republicans are expected to propose revisions to key tax and healthcare policies, aiming for completion by July 4th [1] - Revisions may include adjustments to Medicaid savings (slowing growth, not cuts), discussions on SALT (State and Local Tax) deductions, and the Inflation Reduction Act [4] Economic Growth & Tax Rates - Locking in lower tax rates permanently, including low corporate tax, is crucial for job creation and innovation [7] - Fully restoring key business provisions (expensing, R&D, interest deductibility) and making the small business Main Street tax deduction of 20% permanent are seen as pro-growth measures [7] Deficit & Revenue - Estimates suggest the bill could add $2.5 trillion (Congressional Budget Office estimate) to the US deficit over a decade [8][9] - Growth can significantly impact revenue, as seen in 2017 when lowering the corporate tax rate from 35% to 21% resulted in higher revenue collection than projected [10] Tariff Policy & Trade - The speaker is generally not in favor of tariffs, except as a remedy for unfair trade practices, as they can drive up costs, slow the economy, and invite retaliation [14] - Anchoring crucial security-critical supply lines in the US and running them through reliable trading partners is important [15] - Canada and Mexico buy five times more "Made in America" products than China, highlighting the importance of positive trade relationships with these countries [17] Foreign Investment - Republicans generally believe in the growth and importance of foreign direct investment, which constitutes a sixth of the US economy [19] - A provision was added to deter OECD countries from implementing global minimum tax pillar 2, which could weaken US growth incentives and sovereignty over tax law [21]

Core Viewpoint - The Ministry of Commerce has issued a work plan to deepen the reform and innovation of national-level economic and technological development zones, aiming to lead high-quality development through high-level openness [1] Group 1: Support for Foreign Investment - National-level economic and technological development zones will prioritize foreign investment projects in key sectors such as integrated circuits, biomedicine, and high-end equipment manufacturing [1] - Local governments are encouraged to enhance support for landmark foreign investment projects in these zones to expedite their construction [1] Group 2: Encouragement of Investment in Emerging Industries - Various funds, including foreign investment funds, are encouraged to invest in emerging industries within national-level economic and technological development zones to foster and incubate small and medium-sized enterprises [1] Group 3: Tax Incentives for Foreign Investors - The plan guides national-level economic and technological development zones to implement tax incentives for foreign investors, such as deferred tax on reinvested profits [1]