Agriculture
Local media have speculated that he may one day succeed his father, who has ruled Africa s biggest coffee exporter since coming to power in a coup in 1986. Local farmers gather dried cocoa in a village outside of Kumasi, Ghana.
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 company s 5% notes due 2030 gained 3.1 cents on the dollar to just over 100 cents on Tuesday, the biggest jump since they were issued in February. 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.
As such, they re on the hook should anything go wrong in trying to offload the debt meaning Wall Street just got handed a multi-billion dollar headache.
As such, they re on the hook should anything go wrong in trying to offload the debt meaning Wall Street just got handed a multi-billion dollar headache.
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
By Antony Sguazzin News & Opinion Oil Producers Debt | Africa s two biggest oil producers are on a contrasting debt trajectory. Which country s president rejected a US request to halt bidding on oil blocks in one of the world s biggest tropical rainforests? In reality because many OPEC+ countries are already pumping below their quotas that number could be between 1 million to 1.1 million.
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. While a degree of easing is still priced in, wagers on a 2023 cut from the Fed have eased over the past 48 hours, while yields have rebounded.
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. That s not great news for a Fed deeply concerned with controlling inflation expectations. 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.
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. While a degree of easing is still priced in, wagers on a 2023 cut from the Fed have eased over the past 48 hours, while yields have rebounded.
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. That s not great news for a Fed deeply concerned with controlling inflation expectations. 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.
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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