Author: FX
Olemedia/E+ via Getty Images Albermarle (NYSE:ALB) said it withdrew its non-binding offer for Australian lithium miner Liontown Resources (OTCPK:LINRF). Albermarle (ALB) also withdrew its offer to Liontown’s board of directors, according to a statement on Sunday. “Our engagement with the Liontown team has been meaningful and productive,” Kent Masters, CEO of Albemarle, said in the statement. “We appreciate the level of cooperation we have received, and we thank the entire team for their efforts. That said, moving forward with the acquisition, at this time, is not in Albemarle’s best interests.” Albermarle (ALB) noted “growing complexities” with the proposed transaction as…
© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo By Yuka Obayashi TOKYO (Reuters) – Oil prices eased in early Asia trade on Monday, reversing last Friday’s rally as investors waited to see if the Israel-Hamas conflict draws in other countries, which could drive up prices further and deal a fresh blow to the global economy. futures fell 36 cents, or 0.4%, to $90.53 per barrel and U.S. West Texas Intermediate (WTI) crude dropped 37 cents, or 0.4%, to $87.32…
European Central Bank president Christine Lagarde spoke over the weekend, saying underlying inflation in the eurozone is still strong and wage growth is “historically high”.Lagarde was speaking at the International Monetary Fund’s annual meetings in Marrakech, Morocco. The comments from Lagarde didn’t add anything fresh, she largely repeated her previous assessment of the economy, while stressing that progress is still needed in taming consumer prices. “labor market still shows no real sign of weakening””participation in the unemployment and unemployment in nominal numbers are quite striking” Said she still expects inflation to slow to the 2% target in 2025 (this is…
The second week of October saw UK natural gas futures prices increase by almost 50% to £160, an 8-month high from just £89 last week. The situation was driven by forecasts of colder weather which increased demand amid supply concerns caused by geopolitical risks and labour disruptions at the Australian LNG facilities. As the weekend approaches, the UK is expecting temperatures to drop sharply, with daytime highs in southern England expected to be 10 degrees Celsius lower than earlier in the week. The first night frosts of the season are possible in central and northern regions. Regarding supplies, Israel closed a…
The upcoming New Zealand quarterly CPI release is often a strong catalyst for Kiwi volatility. Will the latest read show sticky inflation conditions and prompt speculation of a more hawkish RBNZ stance ahead? Catch up on the event before planning out your price strategy and risk management moves! Event in Focus: New Zealand Consumer Price Index (CPI) and inflation data for Q3 2023 When Will it Be Released: October 17, 2023 (Tuesday), 9:45 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Consumer Inflation Rate q/q: +1.9% forecast vs. +1.1% previous Consumer…
All_About_Najmi Medicare Advantage contracts with prescription drug coverage (MA-PD) that received four or more Star ratings have dropped to 42% in 2024, from 51% in 2023 and 68% in 2022, according to data compiled by the Centers for Medicare & Medicaid Services (CMS). Releasing the latest star ratings for Medicare Advantage and Medicare Part D plans on Friday, the CMS said that approximately 74% of people are currently enrolled in MA-PD contracts that earned four or more stars for the 2024 rating year. The CMS’ annual star ratings report comes as Medicare’s open enrollment period is set to begin on…
What is blockchain network congestion? Source link
Recommended by Daniel Dubrovsky Get Your Free Gold Forecast It was a volatile week for certain corners of financial markets over the past few trading sessions. All eyes were on gold and crude oil prices. XAU/USD rallied almost 5.5 percent, marking the best 5-day period since the middle of March. Meanwhile, crude oil prices soared almost 6 percent in the best weekly gains since the end of August.Turmoil in the Middle East in the aftermath of Hamas’s attack on Israel fueled oil supply disruption woes with respect to potential geopolitical volatility around Iran. Meanwhile, cautious Fedspeak helped cool government bond…
UPCOMING EVENTS:Monday: Japan Industrial Production, NZ CPI, PBoC MLF.Tuesday: RBA Meeting Minutes, UK Jobs report, German ZEW, Canada CPI, US Retail Sales, US Manufacturing Production, US NAHB Housing Market Index.Wednesday: China GDP, China Industrial Production, China Retail Sales, China Unemployment Rate, UK CPI and PPI, US Housing Starts and Building Permits.Thursday: Australia Jobs report, US Jobless Claims, Fed Chair Powell speaks. Friday: Japan CPI, PBoC LPR, UK Retail Sales, Canada Retail Sales.MondayThe New Zealand CPI Y/Y is expected to tick lower to 5.9% vs. 6.0% prior, while the Q/Q figure is seen at 2.0% vs. 1.1% prior. The elevated inflation…
© Reuters. Israel’s Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 14, 2023. REUTERS/Amir Cohen By Nidal al-Mughrabi and Emily Rose GAZA/JERUSALEM (Reuters) -The Israeli military said on Sunday it would continue to allow Gazans to evacuate south and hundreds of thousands had already moved, as its troops readied for a ground assault on the Hamas-controlled Gaza Strip in retaliation for unprecedented attacks. Israel has vowed to annihilate the militant group Hamas after its fighters rampaged through Israeli towns shooting men, women and children and seizing hostages in the…