Ruthless! Inflation is running high in America; The appreciation of the renminbi; Japan's economic recovery; Finland's economy grew;

The Bank of Korea again left its benchmark interest rate unchanged at 3.5%

The Bank of Korea decided to keep the benchmark interest rate unchanged at 3.5% at a meeting of its monetary and monetary committee, Yonhap News Agency reported Tuesday. The central bank froze the benchmark interest rate three times in a row, leaving it unchanged at 3.5 percent for more than four months since January 13, the report said.

The offshore yuan rose against the dollar, euro and yen on Saturday

The offshore yuan strengthened sharply against the US dollar on Saturday. As of press time, the offshore yuan was trading at 7.0685 against the US dollar, up 206 basis points from the previous close of 7.0891.

The offshore yuan strengthened sharply against the euro on Saturday. As of press time, the offshore yuan was trading at 7.5824 against the euro, up 199 basis points from the previous close of 7.6023.

The offshore yuan strengthened sharply against the 100 yen rate on Saturday. As of press time, the offshore yuan was trading at 5.0200 yen, up 400 basis points from the previous close of 5.0600 yen.

The onshore yuan rose against the dollar, euro and yen on Friday

The onshore yuan strengthened sharply against the US dollar on Friday. As of press time, the onshore yuan was trading at 7.0625 against the US dollar, up 157 basis points from the previous close of 7.0782.

The onshore yuan strengthened slightly against the euro on Saturday, trading at 7.5770 as of press time, up 137 basis points from the previous close of 7.5907.

The onshore yuan strengthened sharply against the 100 yen exchange rate on Saturday. As of press time, the onshore yuan was trading at 5.0200 yen, up 200 basis points from the previous close of 5.0400 yen.

The central parity rate of the yuan strengthened against the dollar, euro and yen on Friday

The yuan weakened sharply against the US dollar on Friday, with the central parity rate of the yuan at 7.0760, 231 basis points weaker than the previous trading day's 7.0529.

The yuan weakened slightly against the euro on Friday, with the central parity rate of the yuan against the euro at 7.5888, down 45 basis points from 7.5843 in the previous trading day.

The yuan strengthened slightly against the 100 yen on Friday, with the central parity rate at 5.0566, 48 basis points stronger than the previous trading day at 5.0614.

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  Japan's services and manufacturing PMIs picked up in May
  
  
  

Recently, according to S&P Global Market Intelligence data, the Bank of Jibun Japan manufacturing PMI in May preliminary reading of 50.8, the previous reading of 49.5, the first time since October 2022, the 50-point line between expansion and contraction. The Bank of Jibun Japan services PMI for May came in at 56.3 from 55.4. In Japan, the preliminary Bank of Jibun Japan composite PMI rose to 54.9 from 52.9 in May.

• South Africa's inflation rate rose 6.8 per cent in April from a year earlier
  
  

South Africa's headline inflation rate rose 6.8% year on year in April, down from 7.1% in March, according to the latest data from Statistics South Africa. Analysts had forecast inflation in South Africa rising 7.0 percent in April from a year earlier. South Africa's central bank has raised interest rates nine times in a row since November 2021 in an attempt to tame inflation.

per cent year on year in March; The preliminary GDP reading for the first quarter was up 1.1% from the previous quarter.

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  UK e-commerce traffic, sales rise in April
  
  

Recently, the UK consumer confidence index rose by 3% to -27 in May, according to research firm GfK.

• Ozon's first-quarter turnover rose 71 per cent
  
  

• Ozon recently announced its unaudited financial and operational results for the first quarter of 2023. The turnover of GMV in the first quarter, including services and refunds, increased by 71% over the same period last year to 303 billion rubles;

• Services revenue also exceeded Ozon's pr

  evious sales, accounting for 57 percent of total revenue at 53.4 billion rubles.

Recently, the World Shipping Council (WSC) released its annual container average report. According to the report, the number of container losses fell to 661 in 2022, a sharp drop from the previous two years. The loss of 661 containers represents just 0.00026 percent of the roughly 250 million containers shipped each year, which is significantly low compared to the more than $7 trillion in goods shipped each year.

Freight forwarding giant Geodis acquires US freight service provider

French freight forwarding giant Geodis said recently that it has acquired Miami-based freight services provider Southern Companies, which provides a full chain of services for the import and export process. Choda Geodis believes the acquisition will enhance its end-to-end supply chain capabilities in the United States, with more than 80 Southern Companies employees expected to join Geodis.

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  Nvidia's market cap has soared to nearly $1 trillion on the back of the AI craze

• Starbucks reported Q2 results with a double increase in net income and revenue
  
  Starbucks has released its financial results for the second quarter of fiscal 2023. Net revenue for the second quarter was $8.7 billion, up 14.5% year on year, beating market expectations of $8.42 billion; Net income attributable to the company was $908 million, up 34.7% from the same period last year.