Energy News
-
Canada's prime minister says he frequently thinks about leaving his "crazy job" but plans to stay on through another election. Justin Trudeau has faced growing questions about his political future, with polls suggesting he is increasingly unpopular among Canadians. In an interview with broadcaster Radio-Canada, Mr Trudeau also spoke about personal ...
-
The vice president of Russian Lukoil, Vitaly Robertus, has been found dead in his office in Moscow, according to a Lukoil, making him the fourth top Lukoil executive to die since the Russian invasion of Ukraine in March 2022. “It is with deep regret that we inform you that at the age of 54, the vice-president of the company, Robertus Vitaly Vladimirovich, ...
-
As carbon capture, utilisation, and storage (CCUS) gathers pace, this technology looks set to become a key element of a net zero future. Responsible producers of carbon intensive materials including cement, steel, chemicals and energy-related sectors, and the governments and investors who back them, are now investing in CCUS as a carbon-abatement technology ...
-
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan assessed the virtuous cycle between wages and prices, and it judged it came in sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner toward the end of the projection period of the January 2024 Outlook Report (Outlook for ...
-
post: BOJ'S GOVERNOR UEDA: WE'VE CONFIRMED A VIRTUOUS CYCLE OF WAGES AND PRICES. post: BOJ'S GOVERNOR UEDA: POLICY FRAMEWORK OF QQE WITH YIELD CURVE CONTROL, NEGATIVE RATES FULFILLED ROLES. post: BOJ'S GOVERNOR UEDA: ACCOMMODATIVE FINANCIAL CONDITIONS WILL BE MAINTAINED FOR THE TIME BEING. post: BOJ'S GOVERNOR UEDA: WE WILL CONTINUE BUYING BROADLY THE SAME AMOUNT OF JGB BUYING AS BEFORE. post: BOJ'S GOVERNOR UEDA: WE WILL USE THE SHORT-TERM POLICY RATE AS OUR MAIN TOOL.
-
Ladies and Gentlemen It is our pleasure to present the Swiss National Bank’s Annual Report for 2023. The first part comprises the accountability report submitted by the Governing Board to the Federal Assembly, and sets out how the SNB has fulfilled its tasks pursuant to art. 5 of the National Bank Act (NBA) during the past year. The second part comprises the financial report, which provides information on organisational and operational developments as well as the financial result of the SNB. The financial report is submitted for approval first to the Federal Council and then to the General Meeting of Shareholders. One of the defining events of 2023 was the crisis at Credit Suisse. On 19 March, the Federal Council, the Swiss Financial Market Supervisory Authority (FINMA) and the SNB announced a package of measures comprising the acquisition by UBS as well as state support. The SNB played a key part in finding a solution. Moreover, in its role as lender of last resort, it made ample liquidity assistance available on an unprecedented scale and in various currencies. The package of measures was crucial in managing the acute crisis at Credit Suisse and thus in avoiding a financial crisis which would have had serious economic consequences for Switzerland and other countries. Global economic growth was solid overall in 2023, while growth in Switzerland was modest. The US economy remained robust, and China’s exit from its zero-COVID policy led to a significant recovery. However in Europe, which is important for Switzerland’s economy, momentum slowed markedly. Inflation declined globally in the course of the year, but remained above central banks’ post: SNB: A REVIEW OF UBS SYSTEMIC CAPITAL REQUIREMENTS IS NEEDED. post: SNB: THE STABILITY OF SWISS BANK FINANCING NEEDS TO BE STRENGTHENED. post: SNB: BANKS NEED TO PREPARE MORE COLLATERAL FOR EMERGENCIES. post: SWISS NATIONAL BANK: THE BANK RECOGNISES A NEED FOR ACTION IN THE AREAS OF EARLY INTERVENTION, CAPITAL AND LIQUIDITY REQUIREMENTS, AND RESOLUTION PLANNING.
-
The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over ...
-
Chinese officials announced upbeat numbers on the economy, however the sagging property sector remains a drag on data as well as wider confidence about the country's recovery, ...
-
post: BoJ Governor Ueda Proposes As Chair Ending Negative Rates - NHKBank of Japan Governor Ueda proposes lifting of negative interest rate policy The Bank of Japan is holding its second day of monetary policy decision-making meetings today, and Governor Ueda has just proposed a proposal for a major shift in monetary easing measures, such as lifting the negative interest rate policy, and has begun to summarize the discussion. We plan to announce the decisions made at the meeting soon, and if we end negative interest rates and raise interest rates, it will be the first time in 17 years. At today's second-day meeting, nine policy committee members, including Governor Ueda, are discussing the immediate direction of policy management. Governor Ueda, who is currently serving as chairman, proposed a proposal for a major shift in monetary easing measures, including the lifting of the negative interest rate policy, and the discussion began. It also appears that discussion
-
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan assessed the virtuous cycle between wages and prices, and it judged it came in sight that the ...
-
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continues to moderate but remains high. Recent information suggests that inflation continues to moderate, in line with the RBA’s latest forecasts. The headline monthly CPI indicator was steady at 3.4 per cent over the year to January, with momentum easing over recent months, driven by moderating goods inflation. Services inflation remains elevated, and is moderating at a more gradual pace. The data are consistent with continuing excess demand in the economy and strong domestic cost pressures, both for labour and non-labour inputs. Higher interest rates are working to establish a more sustainable balance between aggregate demand and supply in the economy. Accordingly, conditions in the labour market continue to ease gradually, although they remain tighter than is consistent with sustained full employment and inflation at target. Wages growth picked up a little further in the December quarter, but appears to have peaked with indications it will moderate over the year ahead. Nevertheless, this level of wages growth remains consistent with the inflation target only on the assumption that productivity growth increases to around its long-run average. Inflation is still weighing on people’s real incomes and household consumption growth is weak, as is dwelling investment. The outlook remains highly uncertain. While there are encouraging signs that inflation is moderating, the economic outlook remains uncertain. The December quarter national accounts data confirmed growth has slowed. Household consumption growth remains particularly weak amid high inflation and the rise in interest rates. After recent declines, real inc post: <AUD=>: *RBA LEAVES CASH RATE TARGET AT 4.35% *RBA: INFLATION CONTINUES TO MODERATE BUT REMAINS HIGH *RBA SAYS WAGE GROWTH LEVEL CONSISTENT WITH INFLATION TARGET post: RBA: ACCORDINGLY, CONDITIONS IN THE LABOUR MARKET CONTINUE TO EASE GRADUALLY, ALTHOUGH THEY REMAIN TIGHTER THAN IS CONSISTENT WITH SUSTAINED FULL EMPLOYMENT AND INFLATION AT TARGET post: RBA: WHILE THERE ARE ENCOURAGING SIGNS THAT INFLATION IS MODERATING, THE ECONOMIC OUTLOOK REMAINS UNCERTAIN #News #Markets #RBA #ECONOMIC #INFLATION #live
-
Natural gas has formed lower highs and higher lows to form a symmetrical triangle pattern on its hourly time frame. Price just bounced off support and might be due for another test of resistance. Technical indicators are looking mixed. The 100 SMA is below the 200 SMA to suggest that the path of least resistance is to the downside or that resistance is more ...
-
Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly open.
-
Barchart, a provider of technology, data and workflow solutions for commodity firms and agribusinesses, announces the launch of integrated Bid, Offer and Hedge management in cmdtyView. cmdtyView is Barchart’s flagship market intelligence, analysis and risk management platform for commodity merchandisers, traders, brokers and analysts. With this release, ...