Naira to dollar exchange rate records slight depreciation on Thursday
The Naira slightly depreciated against the dollar at the close of trading at the foreign exchange market on Thursday. FMDQ data showed that the Naira
19 Sep 17:57 · Daily Post
Tesla stock could tumble 38% as its growth narrative will slam into weakening demand, Bernstein says
Analysts at Bernstein set a $150 price target for Tesla stock, indicating 38% downside. The company is facing a demand problem due to its narrow and
11 Dec 14:45 · Business Insider Nederland
OECD urges Japan's central bank to gradually raise interest rates
TOKYO :The Bank of Japan should gradually raise short-term interest rates and make its bond yield control policy more flexible, if inflation stays around its 2 per cent target and is accompanied by sustained wage growth, the OECD said on Thursday.While the BOJ made tweaks to its yield curve control (YCC) last
11 Jan 01:04 · CNA
High rents, rates and building costs keep inflation above target levels
Property Investors Federation says rates and insurance increases meant landlords had no choice but to pass on costs to their tenants.
24 Jan 16:58 · RNZ
Mortgage demand jumps to six-week high as interest rates continue to drop
Mortgage demand is getting a boost from slightly lower interest rates, but the housing market is still extremely slow.
22 Nov 12:00 · CNBC
Whangārei petrol prices drop as companies forced to match competition
Petrol prices have plummeted in Whangārei following the arrival of a cut-price outlet in what used to be New Zealand's most expensive city for tanking up.
12 Dec 07:05 · RNZ
Saudi Aramco to supply full oil volumes to some North Asia refiners in Jan 2024: Sources
SINGAPORE: Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes of crude oil in January 2024, people with knowledge of the matter said on Monday (Dec 11). The top oil exporter announced in early December that it will roll over its voluntary cut of 1 milli
11 Dec 04:58 · CNA
UK water demand set to outstrip supply if leaks are not sorted out and consumption reduced
The UK is facing a shortfall of 200 million litres of water by 2038 as demand outstrips supply with Affinity Water backing eight policy recommendations to stop the issue occurring.
5 Dec 14:46 · Wales Online
USD/CHF depreciates to near 0.9100, possibly due to improved risk appetite
USD/CHF retraces its recent gains that registered on Friday, trading around 0.9120 during the European session on Monday.
29 Apr 08:59 · FXStreet
To phase out or phase down fossil fuels? That is the question at COP28 climate talks
After days of shaving off the edges of key warming issues, climate negotiators Tuesday are zeroing in on the tough job of dealing with the main cause of what’s overheating the planet: fossil fuels.
4 Dec 21:33 · The Seattle Times
Can gasoline prices keep falling after OPEC+ oil output cuts? What drivers need to know.
Here's what OPEC+'s latest round of production cuts means for prices at the gas pump.
1 Dec 18:29 · MarketWatch
Oil prices rise as OPEC+ meets to discuss supply cuts
By Natalie Grover and Robert Harvey LONDON (Reuters) - Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with potential further supply cuts in 2024 on the
30 Nov 14:45 · ThePrint
Petrol prices likely to drop as oil hits five-month low
There’s good news for Kiwi motorists with a slump in oil prices pointing to a pre-Christmas fall in the cost of petrol. Crude oil prices fell this...
6 Dec 00:00 · Otago Daily Times Online News
Saudi Aramco to supply full oil volumes to some North Asia refiners in Jan 2024: Sources
SINGAPORE: Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes of crude oil in January 2024, people with knowledge of the matter said on Monday (Dec 11). The top oil exporter announced in early December that it will roll over its voluntary cut of 1 milli
11 Dec 04:58 · CNA
Divorce rates plummet to lowest level in 50 years ‘due to cost-of-living crisis’
The number of married couples applying for divorce in England and Wales have plummeted to their lowest level in 50 years, data shows.
22 Feb 21:58 · LBC
Government debt to soar to 'unsustainable' levels
Based on current estimates, almost £1 in every £3 of tax revenue will go on interest payments within 50 years.
26 Oct 22:01 · Mail Online
KEPCO turns to profit in Q1 on rate hikes, lower energy costs
10 May 00:00 · Koreatimesus
Companies remain under pressure from high inflation, interest rates
The recent reporting season has been mostly disappointing with a few bright spots to lift the market.
4 Mar 01:30 · RNZ
Ireland won't be cutting livestock numbers to slash emissions, Agriculture Minister tells COP28
Minister Charlie McConalogue says they are instead looking to tech fixes, methane reduction from burps and genetic engineering of animals to reduce the climate impact of meat and dairy
10 Dec 20:42 · Irish Mirror
Fed's Barkin says rate hikes are still on the table if inflation doesn't continue to ease
Markets largely expect that the Fed has stopped raising rates and will start cutting in 2024.
29 Nov 16:10 · CNBC
Gold prices hold firm above $2,000 mark on Fed rate cut hopes
By Brijesh Patel (Reuters) - Gold prices edged up and held above the key $2,000 level on Wednesday, supported by prospects of interest rate cuts from the Federal Reserve next year, while investors
20 Dec 08:16 · ThePrint
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt's pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
6 Mar 13:05 · CNBC
Stocks falter as rate cut fails to lift sentiments
Analyst says stocks closed under pressure after a meagre 100 basis point cut in its policy rate to 19.5pc to ease inflationary pressures.
31 Jul 00:29 · DAWN.COM
Home buyers must now navigate higher mortgage rates and prices
Springtime is spreading across the country. You can see it as daffodil, camellia, tulip and other blossoms start to emerge.
18 Mar 01:17 · The Fresno Bee
Tough negotiations as OPEC+ meets to decide over output amid tumbling prices
Uncertainty hovers over what major oil-producing nations — collectively known as OPEC+ — will decide when they meet on Thursday in a bid to halt a continuous slump in prices. Amid stuttering global economic growth, analysts expect OPEC+ — the 13 OPEC members headed by Saudi Arabia and 10 partners led by Russia — to […]
30 Nov 13:53 · The Guardian
Currency hedges get costly as traders prepare for 2024 rate cuts
Demand is surging as traders bring forward their expectations for long-awaited rate reductions next year.
6 Dec 06:19 · Moneyweb
Anglo American to slash production as falling prices hit miner's profits
The U.K. mining giant is seeking to save $1.8 billion between 2023 and 2026
8 Dec 11:09 · MarketWatch
Framework for emissions cap on oil and gas sector coming Thursday, source says
OTTAWA – Canada is poised to outline a federal emissions cap on the oil and gas sector using a cap-and-trade system that would begin as early as 2026, says a federal government source.
6 Dec 20:20 · National Post
China's central bank set to boost liquidity injection but keep key rate unchanged
SHANGHAI/SINGAPORE : China's central bank is expected to ramp up liquidity injections while leaving the key interest rate unchanged when it rolls over maturing medium-term policy loans on Friday, a Reuters survey showed.Among thirty-two market participants polled this week, 29 or 91 per cent expected the
14 Dec 09:03 · CNA
First-time buyers to benefit as Nationwide raises mortgage borrowing capacity and cuts rates
The mortgage will give people with a deposit as low as 5% the option of borrowing up to six times their income
23 Sep 13:38 · PlymouthLive
The flood of money investors are putting in ETFs is distorting stock prices and worsening volatility, study says
The ETF boom is making the stock market a lot more jittery and distorting prices, according a recent study. Increasing ownership of passive ETFs has
29 Nov 17:56 · Business Insider Nederland
BoJ’s Ueda: Important for wages to keep rising and underpin consumption
Bank of Japan (BoJ) Governor Kazuo Ueda continued to speak on monetary policy during his appearance on Thursday.
7 Dec 03:50 · FXStreet
Dutch-led coalition moves to phase out fossil fuel subsidies at COP28
By Gloria Dickie and Kate Abnett DUBAI (Reuters) - A Dutch-led coalition of a dozen nations committed on Saturday to publish an inventory of their own fossil fuel subsidies within a year, with the aim
9 Dec 13:30 · ThePrint
Oil rises on Middle East worries, future cuts to borrowing costs
Oil prices rose in early Asian trade on Thursday, extending gains from the previous session following a bigger-than-expected weekly withdrawal from U.S. crude storage and signaling from the U.S. Federal Reserve that it would start lowering borrowing costs in 2024.Lower interest rates cut consumer borrowin
14 Dec 01:30 · CNA
Thali cost increases in Nov as festival demand pushes up vegetable prices
Lower kharif output amid erratic rain caused the price rise
6 Dec 14:40 · mint
50 oil and gas companies pledge to cut operational emissions
Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.
3 Dec 10:46 · phys.org
OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia are trying to agree on cuts to the amount of crude they send to the world.
29 Nov 21:03 · The Seattle Times
Analysts expect DRAM prices to continue to rise in 2024
The semiconductor industry should experience a new wave of growth in the coming year as memory manufacturers gradually increase DRAM prices by cutting or controlling production. During...
8 Jan 21:17 · TechSpot
Curb on cane juice for ethanol may reduce blending but boost sugar production: Crisil
New Delhi [India], December 11 (ANI): The central government having directed sugar mills not to use cane juice or syrup to produce ethanol may hurt, to some extent, the blending with fuel but it is expected to increase the production of sugar, according to a Crisil report. On Thursday, the government, with immediate effect, directed […]
11 Dec 06:47 · ThePrint
Mortgage demand drops as interest rates soar over 7%
Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
24 Apr 11:00 · CNBC
Demand for loans surges as lending rates reduce
Bank of Uganda projects the economy to grow at 6% in FY2023/24 up from 5.2% a year before Kampala, Uganda | ISAAC KHISA | Uganda’s consumers recorded a 7.8% increase in borrowings for the three months to October, while lenders’ approval rate for loans in value terms decreased since July 2023, according to the Bank of …
16 Jan 07:00 · The Independent Uganda:
Weekly mortgage demand surges 14% higher as interest rates hit two-year low
Mortgage rates don't follow the Fed exactly, but they are influenced by policy and could move on Wednesday's news.
18 Sep 11:00 · CNBC
Log export prices firm as sales to China pick up
Prices for log exports are slowly improving, but a forestry consultant says the sector must find new international markets to reduce its reliance on China.
20 Nov 22:01 · RNZ
Baked beans makers hiked prices to boost profits amid cost of living crisis
A new report focused on 10 ­categories and found that over the past two years, about three-quarters of branded suppliers in these areas had increased 'unit profitability'
29 Nov 17:40 · The Mirror
Shop price inflation slows to 17-month low in November
Shop price inflation dropped to its lowest in 17 months in November, new data revealed on Tuesday, as retailers stepped up discounting ahead of the key festive shopping season.
28 Nov 07:01 · ShareCast
Canada to unveil cap and trade system for oil and gas emissions -gov’t source
By Nia Williams (Reuters) -Canada plans to unveil a cap and trade system starting in 2026 for limiting emissions from the oil and gas sector, a government source said on Wednesday, a step toward
6 Dec 20:17 · ThePrint
City Power plans to exclude critical govt infrastructure from load shedding
Having recently taken over the management of load shedding from Eskom, City Power said because the utility covers a smaller area than Eskom, it is possible to exempt critical buildings from power cuts.
1 Dec 00:00 · ewn.co.za
Costly veggies push wholesale price inflation to 8-month high
Agencies Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables. The WPI inflation was in the negative or deflationary zone for the past seven months since April and was at (-)0.52 per cent in October. The last positive
14 Dec 23:13 · Northlines - The Newspaper of Substance
Fed’s Waller: Interest rates are likely high enough to bring inflation back to 2% target
A key Federal Reserve official said he is “increasingly confident” that the Fed’s interest rate policies will succeed in bringing inflation back to the central bank’s 2% target level.
28 Nov 07:18 · The Seattle Times
last updated on 6 Nov 16:55