Author: FX
© Reuters. FILE PHOTO: A truck winds its way out of the Canadian First Quantum Frontier mine in Fungurume, in southern Democratic Republic of Congo May 25, 2010. REUTERS/Katrina Manson/File Photo By Elida Moreno and Kylie Madry PANAMA CITY (Reuters) -Panama’s government ordered Canada’s First Quantum Minerals (OTC:) on Thursday to pause operations at its flagship mine in the country after missing a deadline to finalize a deal that would have increased payments to the government from the mine. The government had given Minera Panama, which is majority-owned by First Quantum (NASDAQ:) Minerals, until Wednesday to sign an agreement reached…
Boarding1Now/iStock Editorial via Getty Images The International Association of Machinists and Aerospace Workers (IAM) said its members “overwhelmingly ratified” a new agreement with Southwest Airlines (NYSE:LUV) on Thursday. The union, which represents over 8,300 workers mainly in customer service, said the new five-year contract gives its members a 13.1% wage increase as of Thursday and a 25.1% general wage increase over the ensuing four years. The deal also includes a “me too” clause to guarantee industry-leading wages as well as higher bonuses. “IAM members at Southwest Airlines stood together in solidarity to get the best deal in the airline industry,”…
The House have already voted to approve.Senate voting now on a temporary government funding bill through December 23. This would avert a weekend government shutdown. Would give negotiators time to craft an omnibus spending bill before next week’s deadline that’d fund the government through September 30, 2023. Needs 60 yeas to pass.more to come ADVERTISEMENT – CONTINUE READING BELOW Source link
EUR/USD picks up bids to refresh intraday high, reverses pullback from six-month top. ECB-inspired rally battles with the US Dollar’s safe-haven demand. Sluggish markets allow traders to pare recent moves ahead of preliminary PMIs for December. EUR/USD prints mild gains around 1.0640 as it refreshes the intraday high during early Friday. In doing so, the major currency pair consolidates the biggest daily fall in three weeks while reversing the previous day’s pullback from the highest levels in six months ahead of the key activity data from Europe and the US. European Central Bank’s (ECB) hawkish hike of 0.50% propelled the…
Gold, XAU/USD, Dow Jones, ECB, Rising Wedge – Asia Pacific Market OpenGold and Dow Jones sink after slew of central banks in EuropeMost notable was the ECB, which surprised on the hawkish sideXAU/USD breaks under Rising Wedge, hinting at reversal risk Recommended by Daniel Dubrovsky Traits of Successful Traders Asia-Pacific Market Briefing – Gold, Dow Jones Sink as Central Banks in Europe HikeGold prices sank 1.7 percent on Thursday, marking the worst single-day performance in 3 months. The anti-fiat yellow metal was pressured during a busy 24 hours of central bank interest rate decisions throughout the European trading session. These…
California utility regulators on Thursday unanimously approved a plan that lowers how much utilities pay households that install new rooftop solar panels and send energy back to the grid. The policy, which the California Public Utilities Commission proposed last month, changes what’s known as “net metering” to offer fewer credits to solar owners for surplus power in comparison with what utilities would pay for other sources of clean energy. The plan also offers credits to solar systems that are attached to battery storage, giving homes a reserve of excess power when demand is low during the day. The battery would…
© Reuters. An Aurizon coal train travels through the countryside in Muswellbrook, north of Sydney, Australia, April 9, 2017. REUTERS/Jason Reed/File Photo (Reuters) – Aurizon Holdings, Australia’s largest rail freight operator, said on Friday it will sell its East Coast Rail (ECR) business to Magnetic Rail Group for A$425 million ($284.71 million) in cash. Aurizon said in a statement the sale was in accordance with its agreement with the country’s competition regulator, following its $1.75 billion acquisition deal for One Rail Australia (ORA) that was finalised in July 2022. The ORA deal is expected to help Aurizon diversify from coal…
Eamonn Sheridan Thursday, 15/12/2022 | 22:35 GMT-0 15/12/2022 | 22:35 GMT-0 Also ICYMI, the overnight from the ECB:JP Morgan noted the hardening hawk tone and jacked up their expected peak rate for the ECB to 3.25% from their previously expected 2.5%. —The ECB provides a handy TL;DR guide to the statement issued on Thursday:ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Indices, USD Talking Points:It was a game of alphabet soup over the past few days with CPI, FOMC, ECB, and the BoE pushing markets ahead of year-end.U.S. equities put in a strong reversal on Tuesday after failing to hold a breakout at the 2022 bearish trendline.USD was bearish through yesterday’s FOMC rate decision, setting a fresh low overnight. But, bulls have started to show up, pushing DXY back-above 103.82 and testing outside of a falling wedge formation.Tomorrow brings a massive option expiry in US markets which can keep volatility pushing in equities through the end of the week.The analysis contained…
Secure Energy Services Inc. declares $0.10 dividend Source link