We are now joined by U.S. Treasury Secretary Scott Betts. And just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill.The big question that remains is the GOP holdouts. What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support.Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th. So the Senat ...

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Just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill. The big question that remains is the GOP holdouts.What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support. Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th.So the Senate Senate will vote, pass it over to the House. We've seen incr ...

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Let's turn now to Washington where later this morning the Senate is expected to begin what's known as voterama only in Washington DC on President Trump's sweeping domestic policy package. It comes after late on Saturday the Republican le Senate advanced the package following a dramatic drawn out process that spanned hours bringing it one step closer to passage. It narrowly advanced after Majority Leader John Thoon and Vice President JD Vance struck a deal with the holdouts.Trump also stayed in Washington ov ...

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Wilmington, DE, June 30, 2025 (GLOBE NEWSWIRE) -- Aimfinity Investment Corp. I (the “AIMA”) (Nasdaq: AIMTF), a special purpose acquisition company incorporated as a Cayman Islands exempted company, today announced that, in order to extend the date by which the Company mush complete its initial business combination from June 28, 2025 to July 28, 2025, on JUne 28, 2025, I-Fa Chang, manager of the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $55,823.8, or f ...

Group 1 - The world is undergoing significant changes, and the international financial governance system is facing profound restructuring, with China playing a crucial role as the world's largest trading nation and foreign exchange reserve holder [1] - Accelerating the construction of a financial powerhouse is essential for achieving the great rejuvenation of the Chinese nation and adapting to the contemporary global financial landscape [1] Group 2 - The concept of a financial powerhouse is based on a strong economic foundation, leading global economic strength, technological capability, and comprehensive national power, along with six key financial elements [2] - The six key financial elements include a strong currency, a capable central bank, robust financial institutions, a significant international financial center, effective financial regulation, and a talented financial workforce [2] Group 3 - Building a financial powerhouse requires a strong real economy as its support, as a robust economic foundation ensures the stable operation of the financial system and drives financial innovation and development [3] - Historical examples, such as the UK's industrial revolution and the post-World War II U.S. economic dominance, illustrate how strong economic foundations can enhance a nation's financial credibility and governance [3] Group 4 - Financial development must return to serving the real economy, as the essence of finance is to support economic growth and prevent financial risks [4] - The 2008 financial crisis highlighted the dangers of financial institutions operating outside the fundamentals of the real economy, emphasizing the need for finance to support real economic development [4] Group 5 - High-quality financial services are essential for economic and social development, focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance [5] - Financial resources should be allocated precisely to strategic emerging industries and advanced manufacturing to promote structural adjustment and new economic growth points [5] Group 6 - Developing a global high-efficiency financial market and cultivating internationally competitive financial institutions are core financial elements for building a financial powerhouse [6] - The financial system must address issues of uneven capital allocation and improve financing efficiency to better serve the real economy [7] Group 7 - Steadily promoting the internationalization of the Renminbi is crucial for enhancing China's position in the international monetary system and creating a favorable external environment for building a financial powerhouse [8] - The goal is to increase the use of the Renminbi in cross-border trade and attract international investors to participate in China's financial markets [8] Group 8 - Participating in and leading reforms of the international financial governance system is necessary for transitioning from being a rule taker to a rule maker in the global financial landscape [9] - The need for a more equitable, inclusive, and sustainable financial governance system is emphasized, along with the importance of reforming multilateral financial institutions [9]

Investment Rating - The industry investment rating is "In-Line" [5] Core Insights - China's total non-domestic Available Seat Kilometers (ASK) increased by 11% year-over-year (YoY) to 79% of 2019's level as of June 23, 2025, compared to 77% in the previous week [10] - Non-domestic seat capacity grew by 14% YoY for the same period [5] - Capacity additions were observed on routes to Thailand (+7%), Hong Kong (+7%), Macau (+4%), and Japan (+3%) on a week-over-week (WoW) basis [10] Summary by Sections International Air Capacity - Non-domestic ASK was 79% of 2019's level as of June 23, 2025, up from 77% the previous week [2] - The increase in ASK was driven by significant growth on Japan (+37%), Hong Kong (+24%), Korea (+21%), and US (+14%) routes, while Macau and Thailand saw decreases of -11% and -28% respectively [10] Capacity Metrics - Seat capacity on Japan, Thailand, and Korea routes reached 113%, 51%, and 97% of 2019 levels, respectively, while US routes were at 29% [10] - The overall growth in non-domestic ASK reflects a recovery trend in international air travel post-pandemic [5][10] Company Ratings - Air China Limited (601111.SS) rated Equal-weight [62] - Air China Limited (0753.HK) rated Overweight [62] - Cathay Pacific Airways (0293.HK) rated Equal-weight [62] - China Southern Airlines (600029.SS) rated Equal-weight [62] - COSCO SHIPPING Energy Transportation (1138.HK) rated Overweight [62]

China’s envoy to Canberra urged Australia not to be “incited” by NATO’s support for US demands to sharply raise defense spending and instead cooperate with Beijing https://t.co/ZdyQce4R1p ...