China's Quant Funds Boost US Recruiting After Trump's Visa Curbs
Shanghai-based Mingshi Investment Management launched a special program last month to offer full-time jobs to students unable to finish their PhDs due to the recent US policy changes. The initiative also provides internships to graduates from Chinese universities whose overseas study plans may be scuppered, the company said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Gold Edges Higher as Trade War Concerns Boost Support for Havens
Gold edged higher after a slew of tariff-related announcements from President Donald Trump signaled concerns over the impact of a potential global trade war remain, giving support to the haven asset. Bullion ticked up to about $3,330 an ounce after closing 0.6% lower on Tuesday. Trump said he had reached a deal with Indonesia, imposing 19% tariff on country. The president also said levies on pharmaceuticals were likely as soon as the end of the month, while rates on semiconductors were also looming. Meanwhile, the US opened an investigation into Brazil about its 'unfair' trade practices.
Yahoo
27 minutes ago
- Yahoo
CNOOC Limited Achieves Major Exploration Breakthrough in the Deep Plays of the South China Sea
HONG KONG, July 15, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has achieved a major breakthrough in the exploration of metamorphic buried hills in the deep plays in the South China Sea for the first time. The Weizhou 10-5 South Oil and Gas Field is located in the Beibu Gulf of the South China Sea, with an average water depth of 37 meters. Exploration well WZ10-5S-2d encountered an oil and gas pay zone of 211 meters, with a total drilled depth of 3,362 meters. The test results indicate that the well produces 165,000 cubic feet of natural gas and 400 barrels of crude oil per day. It marks a major exploration breakthrough in the metamorphic sandstone and slate buried hills offshore China. Mr. Xu Changgui, the Chief Geologist of the Company, said, "In recent years, CNOOC Limited has consistently intensified theoretical innovation and tackled key technology challenges in buried hills and deep plays exploration. Breakthroughs have been achieved in the exploration of Paleozoic granite and Proterozoic metamorphic sandstone and slate buried hills within the Beibu Gulf Basin. They demonstrate the vast exploration potential in buried hills formations, drive the secondary exploration process in mature areas, and mark the commencement of large-scale exploration of buried hills in the Beibu Gulf Basin." Mr. Zhou Xinhuai, the Chief Executive Officer of the Company, said, "This represents the first major breakthrough in metamorphic sandstone and slate buried hills exploration offshore China, setting important example for advancing deep plays and buried hills oil and gas exploration. In the future, CNOOC Limited will continue to intensify research on key theories and technologies for deep play exploration, to enhance research and development capabilities, advance reserves and production growth, and to ensure stable supply of oil and gas." — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@ Mr. Cheng YaoEver Bloom (HK) Communications Consultants Group LimitedTel: +852 5540 0725Fax: +852 2111 1103Email: View original content to download multimedia: SOURCE CNOOC Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
28 minutes ago
- Bloomberg
Bloomberg Daybreak Asia: Markets Dip on Mixed US Eco Data, Waning Fed Bets
Asian stocks moved lower in the early Wednesday session after relatively tame inflation data failed to ease Wall Street's worries about the impacts of tariffs, with initial rallies in US stocks and bonds sputtering on bets the Federal Reserve will keep rates on hold for now. The S&P 500 retreated after earlier topping 6,300. A gauge of US financial giants sank as Wells Fargo & Co. cut its guidance for net interest income. JPMorgan Chase & Co. dropped even as investment bankers eked out a surprise gain. Citigroup Inc. hit the highest since 2008 on a stock-buyback plan. While short-dated Treasuries led losses, longer maturities also slid - with 30-year yields topping 5%. We get reaction to the day's market action from Chuck Cumello, President and Chief Executive Officer at Essex Financial Services. Plus - Nvidia says it has received assurances that the US government would allow it to export some chips to China. Advanced Micro Devices, Nvidia's chief rival, quickly followed with a similar announcement. These export license approvals could generate billions of dollars in total revenue for the companies this year — and they mark a dramatic reversal after the Trump administration said the issue wasn't even up for debate. We take a closer look at what it means for the chip sector with Ray Wang, Research Director for Semiconductors, Supply Chain, & Emerging Tech at The Futurum Group. He speaks with Bloomberg's Haidi Stroud-Watts and Paul Allen on The Asia Trade.
