Author: FX
UPCOMING EVENTS:Monday: Switzerland CPI.Tuesday: Tokyo CPI, China Caixin Services PMI, Eurozone PPI, US ISM Services PMI.Wednesday: Australia GDP, Eurozone Retail Sales, US ADP, BoC Policy Decision, US Job Openings, Fed Chair Powell Testimony.Thursday: Japan Wage data, Switzerland Unemployment Rate, ECB Policy Decision, US Jobless Claims, Fed Chair Powell Testimony.Friday: US NFP, Canada Labour Market report.MondayThe Switzerland CPI Y/Y is expected to fall further to 1.1% vs. 1.3% prior. The last report missed expectations by a big margin and sparked a strong dovish reaction with the market pricing a 60% chance of a 25 bps rate cut in March. Another miss…
© Reuters. FILE PHOTO: A satellite image shows the Belize-flagged and UK-owned cargo ship Rubymar, which was attacked by Yemen’s Houthis, according to the U.S. military’s Central Command, before it sank, on the Red Sea, March 1, 2024. Maxar Technologies/Handout via CAIRO (Reuters) -Yemen’s Iran-backed Houthis vowed on Sunday to continue targeting British ships in the Gulf of Aden following the sinking of UK-owned vessel Rubymar. The U.S. military confirmed on Saturday that the UK-owned vessel Rubymar had sunk after being struck by an anti-ship ballistic missile fired by Yemeni Houthi militants on Feb. 18. “Yemen will continue to sink…
Warning: SMCAY is at high risk of cutting its dividend Source link
Enerflex declares $0.025 dividend Source link
© Reuters. FILE PHOTO: Former U.S. President and Republican presidential candidate Donald Trump addresses the Conservative Political Action Conference (CPAC) annual meeting in National Harbor, Maryland, U.S., February 24, 2024. REUTERS/Elizabeth Frantz/File Photo By Nathan Layne GRAND RAPIDS, Michigan (Reuters) -Donald Trump on Saturday easily won the Republican caucuses in Michigan, where the party has been riven by infighting that some Republicans fear could hurt his campaign in the key battleground state as he gears up for the general election in November. The former U.S. president also won the Missouri and Idaho Republican caucuses on Saturday, according to Edison Research.…
2/2 © Reuters. U.S. military carry out its first aid over Gaza, amid the ongoing the conflict between Israel and the Palestinian Islamist group Hamas, in Gaza City, March 2, 2024. REUTERS/Kosay Al Nemer 2/2 By Nidal al-Mughrabi and Idrees Ali CAIRO/WASHINGTON (Reuters) -The United States on Saturday carried out the first of what it said would be a series of humanitarian airdrops of food into Gaza, as aid agencies warned of a growing humanitarian disaster in the Palestinian enclave in the absence of a ceasefire deal. Three C-130 U.S. military planes delivered more than 38,000 meals into a territory…
AerialPerspective Works The Biden administration said this week it will exclude existing natural gas power plants from its proposed carbon regulations – at least for now – in a significant weakening of a key regulation on greenhouse gases. The Environmental Protection Agency said it still plans to finalize standards by April to cut carbon emissions from existing coal and new gas-fired power plants, but will establish a new, broader rule that targets the entire fleet of gas plants operating in the U.S. The EPA proposed a set of standards last May it projected would cut carbon emissions from coal plants…
JHVEPhoto/iStock Editorial via Getty Images Europe’s second-highest court has ordered the EU regulators to pay $851,634 as legal fees to Qualcomm (NASDAQ:QCOM), less than 10% of the $12M claim the U.S. chipmaker has sought as part of its successful appeal over a more than $1B antitrust fine in 2022. In a ruling dated Feb. 29, the Luxembourg-based General Court said that the quantity of work and the associated costs Qualcomm (QCOM) has cited were not justifiable, hence the reduced compensation. “The applicant’s request is insufficiently substantiated and manifestly excessive as regards both the amounts claimed and the numbers of hours…
© Reuters. FILE PHOTO: The cargo ship Rubymar is seen in the Black Sea off Kilyos near Istanbul, November 2, 2022. REUTERS/Mehmet Emin Calsikan ADEN, Yemen (Reuters) -The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognised government said on Saturday, warning of an “environmental catastrophe” from the ship’s cargo of fertiliser. If confirmed, it would be the first vessel lost since the Houthis began targeting commercial shipping in November, forcing shipping firms to divert vessels on to the longer, more expensive route around southern Africa. The Iranian-backed Houthis, who control the…
GOLD PRICE OUTLOOK:Gold prices (XAU/USD) rally vigorously, reaching their highest level since late DecemberHowever, these gains might be at risk of reversal next week if U.S. jobs data surprises higherThe February U.S. nonfarm payrolls report is scheduled to be released on Friday morningMost Read: USD/JPY Recovers on Ueda’s Dovish Remarks, Critical Tech Levels AheadGold prices (XAU/USD) staged a remarkable rally this past week, breaking past key technical thresholds to reach their highest point since December 2023. By Friday’s close, the precious metal had notched a substantial weekly gain of 2.33%, settling near $2,082.Bullion’s bullish momentum can be attributed in part…