Currencies
Chinese fertilizer | Chinese urea exports are rising as a strong dollar and higher port inventories make overseas sales more profitable for domestic producers, according to Bloomberg Intelligence. The dollar on a broad real basis that is, the currency against major trading partners controlling for inflation is at its highest level in decades.
Metals
In our latest episode, Akshat Rathi sits down with entrepreneur Sandeep Nijhawan, whose startup Electra has developed a new way to make zero-emissions steel. The silver lining of the crisis that we re in wildfires are really a top priority, especially for utilities, says Clerico.
Oil
Which country s president rejected a US request to halt bidding on oil blocks in one of the world s biggest tropical rainforests?
United States
Fed officials failed to anticipate how high the jobless rate would get during, or in the wake of, almost every recession over the past 50 years. Guowei said he can no longer find a Huawei smartphone at Best Buy, following the Trump administration s moves against the Shenzhen-based company deemed a national security threat. For example, because technology is a flashpoint in the US-China rivalry, some tools Chinese people use all the time don t work in America.
Guggenheim Partners Scott Minerd heard the message loud and clear and thinks the Fed will continue with rate increases until something breaks. An important takeaway for Ruskin: The data reinforce the message that Fed policy works with long and variable lags. In three cases 1975, 1982 and 2009 unemployment surpassed Fed staff s near-term projections by about a percentage point or more. Novartis, the second-biggest maker of generic Adderall in the US, is facing new supply issues of the attention-deficit/hyperactivity disorder medicine as shortages grow.
Next week, all eyes will be on Washington as global finance ministers and central bankers converge on the US capital for the International Monetary Fund’s annual meetings. The Fed s rate increases only started back in March. Guowei, in his forties, immigrated to the US from his hometown in southeastern China eight years ago.
Guggenheim Partners Scott Minerd heard the message loud and clear and thinks the Fed will continue with rate increases until something breaks. An important takeaway for Ruskin: The data reinforce the message that Fed policy works with long and variable lags. In three cases 1975, 1982 and 2009 unemployment surpassed Fed staff s near-term projections by about a percentage point or more. Novartis, the second-biggest maker of generic Adderall in the US, is facing new supply issues of the attention-deficit/hyperactivity disorder medicine as shortages grow.
Next week, all eyes will be on Washington as global finance ministers and central bankers converge on the US capital for the International Monetary Fund’s annual meetings. The Fed s rate increases only started back in March. Guowei, in his forties, immigrated to the US from his hometown in southeastern China eight years ago.
Europe
The European Union is already falling behind its goal to cut methane emissions by 30% by the end of the decade. As Emily Ashton writes, she even called French President Emmanuel Macron a friend, just weeks after ducking the chance to do so.
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