The average weekly retail price released by the Department of Energy’s Energy Information Administration came in at $5.25 a gallon on Monday, a number that doesn’t tell the story of the choppy road it took to get there. to arrive. This week’s price marks a gain of 40.1 cents per …
Read More »Carlsberg warns sales will suffer as prices rise to offset rising costs
Carlsberg plans to raise prices for its beer this year to cope with soaring costs, a move it says is likely to hurt beer sales as it becomes the latest company to pass on inflation to consumers. consumers. The Danish brewer, which owns brands such as Tuborg and Kronenbourg 1664, …
Read More »Column: India shows early signs of high coal, LNG and crude prices hurting demand: Russell
A worker shovels coal into a supply truck at a construction site on the outskirts of Ahmedabad, India October 25, 2018. REUTERS/Amit Dave//File Photo Join now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, Feb 1 (Reuters) – One of the key questions for the outlook for energy commodities …
Read More »Lee and Yoon enter final six weeks of South Korean presidential race
Here is today’s Foreign Police brief: South KoreaPresidential race enters six-week home stretch, US hands over written responses to Russiaand Xiomara Castro assumes the presidency of Honduras. If you would like to receive Morning Brief in your inbox every weekday, please sign up here. South Korea’s presidential race heats up …
Read More »PBOC cuts loan prime rates (LPR) for 1 year, 5 years
Pedestrians walk past the People’s Bank of China headquarters in Beijing, China. Julia Marchi | Bloomberg | Getty Images China’s central bank lowered its key lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. The People’s Bank of China reduced the prime rate …
Read More »Explanation: Soaring oil prices leave limited options for Biden
NEW YORK, Jan. 13 (Reuters) – Two months after US President Joe Biden announced an unprecedented effort among major oil-consuming economies to work together to lower fuel prices, prices are once again approaching multi-year highs . And Biden has few options to stop the rally. Global benchmark Brent crude topped …
Read More »Your favorite most read stories in 2021
It has been an eventful year, full of ups and downs. As the country tried to combat the adverse effects of the COVID-19 virus, a new government and a new parliament were inaugurated, there was certainly a series of very interesting events. These were well documented and reported as they …
Read More »Multilateral cooperation, the key to economic recovery
Xie Fuzhan, president of the Chinese Academy of Social Sciences, said it had become more “important and urgent” than ever to advocate multilateralism and support the free trade system, as increasing unilateral actions could provoke the isolation and disorder in the global economy. Xie made the remark on Monday when …
Read More »Soaring fertilizer costs are pushing farmers to change planting plans and raise prices
Fertilizer prices have more than doubled in the past year, frustrating U.S. farmers, who are now adjusting spring planting plans and warning of the possibility of higher food prices. A global shortage of chemical ingredients used to make fertilizers, widely applied to the soil to increase corn and wheat yields, …
Read More »Retirees cry out to Buhari for unpaid pension arrears
The pace of Bitcoin’s price losses has accelerated as it has failed to maintain the upward momentum it experienced after last week’s lightning crash. But the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organizations says he embraces the volatility and “confidently …
Read More »AIO announces the incorporation of the regional insurance sector into AFCFTA
Smart toe The President of the African Insurance Organization (AIO), Mr. Tope Smart, announced the official incorporation of the integration of the insurance sector into the African Continental Free Trade Area (AfCFTA). Smart, who is also Managing Director of NEM Insurance plc, announced this at the recent 25th African Reinsurance …
Read More »The pace of renewable energies must double to limit global warming, according to IEA
A record amount of renewable electricity has been added to energy systems around the world in 2021, but there is still about half of what is needed each year to be on track to achieve net zero emissions by 2050, according to the International Energy Agency. New renewable energy capacity …
Read More »Global Automotive Software Market Report 2021-2026 – Growing Integration of Advanced Technology into Vehicle Scripts Phenomenal Growth Story | New
DUBLIN, November 24, 2021 / PRNewswire / – The report “Automotive Software – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer. Global Automotive Software Market To Reach $ 29.3 billion by 2026 Global automotive software market estimated at US $ 17.7 billion in 2020, is expected to …
Read More »Shaastic Launches Elle App on Finastra’s FusionFabric.cloud to Streamline Mortgage Process |
BERKELEY, Calif., 22 November 2021 / PRNewswire-PRWeb / – Shaastic, a technology company that offers an investment-free robotic process automation (RPA) platform for banks, today announced that its The application It is available for purchase via Finastra’s FusionStore. The app, which integrates with Fusion MortgagebotLOS, allows lenders and bankers to …
Read More »Column: China’s bifurcated raw material imports show the economy’s woes
Workers drive loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China, December 5, 2019. REUTERS / Stringer LAUNCESTON, Australia, Nov. 8 (Reuters) – China’s imports of major commodities in October showed the extent of the world’s second-largest economy struggles with energy shortages. Imports of natural gas and …
Read More »Wright Electric launches the Wright Spirit, the world’s first zero-emission airliner for the regional jet market
ALBANY, NY, November 04, 2021– (BUSINESS WIRE) – Wright Electric, Inc., a leader in the propulsion and design of net-zero aircraft, has announced the launch of a new addition to its family of zero-emission aircraft for the commercial market. The announcement is made today in conjunction with the COP 26 …
Read More »Balloon fertilizer prices and cost of production considerations are increasingly under scrutiny • Farm Policy News
Bloomberg writers Kim Chipman and Elizabeth Elkin reported late last week that âSoaring fertilizer prices could lead to Falling US Corn Profits about A quarter next year, potentially motivating farmers to gap millions of acres less expensive soy. “Fertilizer Price Shock Threatens to Squeeze Corn Profits in the United States,” …
Read More »Column: China wants to cool coal prices. Similar moves for metals, crude failed: Russell
A loader is seen amid a pile of coal at a port in Lianyungang, Jiangsu province, China, January 25, 2018. REUTERS / Stringer LAUNCESTON, Australia, October 21 (Reuters) – China’s latest attempt to lower commodity prices, this time for thermal coal, is expected to follow a familiar pattern of initial …
Read More »Hope (HOPE) drops 1.55% on moderate volume on October 11
Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange HOPE – Market data and news To exchange Today, shares of Hope Bancorp …
Read More »Oil price surpasses $ 80 and natural gas skyrockets, supercharged by supply shortages
The protracted rise in oil prices leaves out other industrial commodities, a divergence that reflects bets that energy supply shortages will offset any slowdown in the global economy. US crude rose more than 2% Monday morning to reach a seven-year high of $ 81.50 a barrel, bringing its rise since …
Read More »Federal mortgage: Freddie Mac’s FinTEC program leads race to convert mid-careers into tech jobs
Among the biggest job categories at Freddie Mac, one of the world’s largest financial services companies, is technologist. This is true for many large financial firms, from credit card companies to reputable investment banks. We compete fiercely with these companies for a limited talent pool. But what if we don’t? …
Read More »China takes shipments of Australian coal despite import ban amid squeeze in power
China has started offloading a small number of Australian coal shipments despite an unofficial import ban, analysts said, highlighting the intensity of the energy crisis facing the world’s second-largest economy. Nick Ristic, senior dry cargo analyst at Braemar ACM Shipbroking, said a handful of Australian cargoes waiting outside Chinese ports …
Read More »Swachh Survekshan 2022 launched with “People First” as a driving philosophy
Shri Hardeep Singh Puri, Minister of Housing and Urban Affairs (MoHUA) today launched the seventh consecutive edition of Swachh Survekshan (SS), the world’s largest urban cleanliness survey conducted by Swachh Bharat Mission-Urban (SBM -U) in New Delhi. Designed with “People First” as a driving philosophy, Swachh Survekshan 2022 is designed …
Read More »Economy contradicts democracy: Russian markets explode amid political sabotage
Authors: Divyanshu Jindal and Mehek Bhanu Marwaha * The USD (United States dollar) has been the dominant currency in the world since the end of World War II. The dollar has also been the most sought-after reserve currency for decades, which means it is held by central banks around the …
Read More »Asean power grid – option for S’pore to source green energy, Environment News & Top Stories
Clean or renewable energy usually tops the list of changes the world can make to prevent the effects of climate change from worsening. This is because renewable energy sources such as solar and wind power do not emit carbon dioxide and other greenhouse gases that contribute to global warming. In …
Read More »Mining stocks offer a cheap play on growth. To dig.
Their stocks, however, are trading low amid concerns over the end of the good period for industrial commodities. For investors willing to accept some risk, Big Five miners offer a rich opportunity. All five have single-digit price-to-earnings ratios, among the lowest of any major industrial group in global stock markets. …
Read More »Norwegian company Yara cuts ammonia production as gas prices rise
A worker walks at the Yara ammonia plant in Porsgrunn, Norway on August 9, 2017. Photo taken on August 9, 2017. REUTERS / Lefteris Karagiannopoulos / File Photo OSLO, Sept. 17 (Reuters) – Norwegian company Yara (YAR.OL) is cutting ammonia production at several factories due to soaring natural gas prices, …
Read More »30 years later, China and ASEAN strengthen all-round cooperation
NANNING, Sept. 11 (Xinhua) – This is the eighth consecutive year that Malaysian entrepreneur Chai Kean King has participated in the annual China-ASEAN Expo to expand its business in China. For this year’s exhibition, which opened in southern China’s Nanning city on Friday, Chai brought bird nests, coffee and other …
Read More »Republic, (KY) (RBCAA) drops 1.44% on moderate volume on September 10
Republic Bancorp, Inc. (KY) – Class A (NASDAQ: RBCAA) closed at $ 49.34 on Friday after losing $ 0.72 (1.44%) on volume of 27,116 shares. The stock ranged from a high of $ 50.46 to a low of $ 49.23, while Republic’s (KY) market cap now stands at $ 899,604,724. …
Read More »Aluminum shuts down after group warns of on-demand destruction
(Bloomberg) – Aluminum slipped after hitting its highest level since 2011 on Tuesday as a Chinese industry group warned the metal’s dramatic rally was not supported by market fundamentals and could deter buyers . Supply is not in a noticeable shortfall and consumption is not strong enough to justify such …
Read More »EMERGING MARKETS – Resource-rich Latam markets hit by falling commodity prices
* Chile's peso slides as much as 1% * Mexican cenbank expected to hike by 25bps on Thursday * Petrobras hit by falling oil prices, Vale tracks iron ore lower By Susan Mathew Aug 9 (Reuters) - Most Latin American currencies fell on Monday as fears of slowing global growth …
Read More »Once again, world food prices fell in July -FAO
The Food and Agriculture Organization of the United Nations said world food prices fell in July for the second month in a row. The specialized world agency made it known in a press release published on August 5 entitled âWorld food prices fall in Julyâ. The statement read in part: …
Read More »Analysis-Reality bites: China’s meddling cools down but can’t reverse high commodity prices
SHANGHAI (Reuters) – A series of measures taken by Chinese authorities to contain soaring raw material costs has had a fleeting effect, leaving the world’s largest manufacturing base in the face of the harsh reality of commodity costs. significantly higher inputs for the foreseeable future. FILE PHOTO: Containers are seen …
Read More »Wang Yi calls for more cooperation between ASEAN, Japan, Republic of Korea and China
Chinese State Councilor and Foreign Minister Wang Yi attending the 22nd Meeting of the Three ASEAN Foreign Ministers and Three Foreign Ministers held by video link in Beijing, China on August 3, 2021 . / Chinese Ministry of Foreign Affairs Chinese State Councilor and Foreign Minister Wang Yi attending the …
Read More »Solar energy tariffs drop to record highs as costs rise
India’s solar energy tariffs are starting to rebound from record levels last December, boosted by factors such as rising commodity prices and an increase in the cost of imported solar equipment from next year, said two people aware of the problem. Recent auctions have shown that developers take into account …
Read More »Growing Demand for New Age Power Transformers Drives Healthy Market Growth
DUBLIN, July 20, 2021 / PRNewswire / – The “Power Transmission and Distribution Equipment – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com offer. Global Power Transmission and Distribution Equipment Market to Reach $ 312.8 billion by 2026 In the midst of the COVID-19 crisis, the global …
Read More »China vows to curb commodity speculation to ensure price stability
China will crack down on hoarding and commodity speculation while ensuring supply and price stability, with the aim of containing the price volatility seen in recent months, the Chinese Ministry of Industry and Technology said. information. “We will coordinate with the relevant departments to ensure the stability of supplies and …
Read More »Budweiser’s New Boss Gets Improved But Volatile Brew
Budweiser’s new CEO needs your beer money to pay off the mortgage. This week, Michel Doukeris replaced longtime CEO Carlos Brito as the head of the world’s largest brewer Anheuser Busch InBev. With improving sales, stock analysts expect internal staff to stick to the company’s existing strategy rather than making …
Read More »The minutes of the Fed, the ECB and all eyes on inflation in China
Euro, Hong Kong dollars, US dollars, Japanese yen, British pounds and 100 Chinese yuan banknotes are seen in this illustration, in Beijing, China on January 21, 2016. REUTERS / Jason Lee / File Photo July 2 (Reuters) – Minutes of the June US Fed and ECB meetings, plus the latest …
Read More »EXCLUSIVE Energy Trader Mercuria Post Volatile Record 2020 Profit
A flag with the logo of the commodity trading house Mercuria is pictured in Geneva, Switzerland on October 11, 2016. REUTERS / Denis Balibouse / File Photo LONDON, June 30 (Reuters) – Mercuria Energy Group had a booming year in 2020, driven by the extreme volatility observed in the oil …
Read More »New research reveals companies need to rethink the path to trusted data as the foundation for digital transformation and growth
BURLINGTON, Mass .– (COMMERCIAL THREAD) – The exponential growth of enterprise data, coupled with advancements in cloud computing, artificial intelligence (AI) and the Internet of Things, has sparked an era of digital transformation across the world. That’s why data integrity is a pressing business imperative, as digital transformation initiatives and …
Read More »UNHCR – UNHCR and IOM celebrate international community’s commitment to mobilize funds for Venezuelan refugees and migrants
A young Venezuelan child living with his family in Panama, where they fled to escape persecution. © UNHCR / Santiago Escobar-Jaramillo UNHCR, United Nations Refugee Agency and International Organization for Migration (IOM) welcome pledges made today of $ 1.5 billion, including $ 954 million in grants , during the International …
Read More »Fuel sales in India recover from June lows, still lower than last year, Energy News, ET EnergyWorld
Domestic fuel sales by Indian state-owned refiners rebounded in the first half of June, as the world’s third-largest oil consumer began to ease lockdown restrictions, though they are still lower at last year’s levels, preliminary data showed Wednesday. Gasoline sales from June 1 to June 15 jumped 13% and diesel …
Read More »The African Continental Free Trade Area: What Role for Intellectual Property?
The African Continental Free Trade Area (AfCFTA) entered into force on January 1, 2021 and is the world’s largest trading area in number of participating countries since the formation of the World Trade Organization (WTO). The objectives set out in Article 3 of the Treaty include the creation of a …
Read More »Commodity Tracker: 4 charts to watch this week
Commodities markets continue to closely monitor U.S. inflation data, as Asian oil refiners await developments in U.S.-Iranian talks that would allow a resumption of crude flows from the latter country. In addition, British nuclear power and winter capacity, and soybean oil prices in South America. 1. Energy markets reflect on …
Read More »Massive steel rally hits all parts of the global economy
As prices have surged across all commodities, the 220% jump in US steel over the past year overshadows other high-profile commodities such as copper and crude oil. A Standard and Poor’s index of steel companies, which includes Nucor, Cleveland-Cliffs and US Steel, is up 69% in 2021, by far the …
Read More »Latest coronavirus: Facebook bots ‘overlooked’ as source of Covid disinformation, research finds
Narendra Modi, Prime Minister of India, has announced that his government will offer free Covid-19 vaccines to all citizens, reversing a very mocked policy forcing Indian states to buy their own jabs at higher prices. India, the world’s largest vaccine maker, has been battling a severe vaccine shortage for weeks. …
Read More »China’s securities regulator pays close attention to fluctuations in commodity prices
(Add details) BEIJING, May 28 (Reuters) – The China Securities Regulatory Commission (CSRC) is paying close attention to fluctuations in commodity prices and has cracked down on irregularities in the futures market, it said on Friday, while prices were passed on to consumers. âThe CSRC will help manage commodity prices …
Read More »Commodity prices have skyrocketed, but miners are not investing
Despite a commodity boom boosting profits, miners are not throwing money into new projects, raising concerns about future shortages of some metals. So-called technological metals, such as cobalt, copper and lithium, are expected to experience particularly large deficits, analysts say, amid growing demand from manufacturers of batteries, electric cars and …
Read More »BOTTOMLINE: China’s credit crunch could push commodity prices down, even stocks
Commodities, hard and soft, have seen a strong increase over the past year, with the S&P World Commodity Index rising 64%. It’s enormous. Metals like copper and steel have soared red, with Chinese demand surging following its post-pandemic reconstruction exercise. But China has recently started to act to stem the …
Read More »What is happening with the prices of industrial raw materials in China?
Prices in China of commodities such as iron ore, steel rebar, coal and copper hit record highs this month, prompting the government to step in to curb increases âunreasonableâ costs to consumers. WHAT HAVE THE PRICES OF COMMODITIES DONE? As the factory floor and the world’s largest construction market, China …
Read More »China’s robust exports and rising imports are boosting financial restoration; tough outlook
By Gabriel Crossley, Stella Qiu BEIJING (Reuters) – Chinese language exports rose sharply in March, as import development hit its highest degree in 4 years, giving new impetus to the nation’s financial restoration, signaling improved demand international initiative as a part of the worldwide COVID-19 immunization progress. Knowledge means that …
Read More »Gold worth at the moment close to 11-month low, down ₹ 12,000 from file highs
Gold costs in India edged up at the moment after falling within the earlier session. On MCX, gold futures rose 0.3% to ₹44360 per 10 grams, after dropping to ₹44 150 through the earlier session. Silver futures rose 0.5% to ₹66.202 per 10 grams. Gold charges fell virtually 11 months …
Read More »RCEP anticipated to deliver ‘explosive progress’ and fierce competitors
The Complete Regional Financial Partnership Settlement (RCEP) has been ratified by China and it’s hoped that different member nations can speed up their progress and at last attain the entry into power threshold, Commerce Minister Wang Wentao stated on Monday. . “The earlier the settlement enters into power, the earlier …
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