The global copper inventory has fallen to 4.9 days’ consumption and will end this year at only 2.7 days, Kostas Bintas, co-head of metals and minerals at Trafigura, a major commodities trading firm, told the Financial Times Mining Summit last week.
Tag: oct 25 2022
Post
LOWER OIL PRICE OFFSET BY DOLLAR’S STRENGTH
Although Brent crude oil’s price has fallen about 25 percent from its high of $128 a barrel last March, oil importers are hard pressed to see much difference: the dollar has gained about 15 percent in value since then, forcing importers outside the U.S., including China, the European Union (EU), and India to still pay premium prices in their own currencies to settle their oil bills.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
The world is headed into Dragflation: Declining economic growth and rising inflation.
Post
FED OFFICIALS KEEP COZY RELATIONSHIPS WITH BANKS THEY REGULATE
The U.S. Federal Reserve is no stranger to allegations of ethical lapses, as we have reported in “Bankster Bandits Get Richer Playing the Inside Track” (14 Sep 2021) and “Fed’s Bankster Bandits Get Free Ride” (22 Sep 2022).
Post
AIR TRAVEL REMAINS STRONG AS A “NEW NORMAL” EMERGES, CARRIERS SAY
After the traditional summer travel season ended, airline bookings remained strong, airlines reported. Instead of sales drying up between Labor Day and Thanksgiving, people kept flying in September, United Airlines said.
Post
MORTGAGE APPLICATIONS, HOME SALES TANK AS MORTGAGE RATES EDGE UP
During the week ending 14 October, the number of applications for home mortgages fell 38 percent from the same week a year earlier to their lowest since 1997, the Mortgage Bankers Association said.
Post
SPECIAL REPORT: GOVERNMENT OFFICIALS GET RICHER ON THE JOB WHILE ETHICS OFFICES SIT AND WATCH
Government officials working on measures to stem the COVID infestation made well-timed, highly profitable financial trades as markets fell as the COVID War began and again later as markets rallied, according to a Wall Street Journal investigation.
Post
RETAIL INVESTORS HOLD CASH WHILE WAITING OUT MARKET CHAOS
After exiting equity markets during this year’s chaotic stock sell-off, individual investors transferred $155 billion into money market funds so far this year to take advantage of rising interest rates while stock markets settle down, the Financial Times reported.
Post
FED OFFICIALS MULLING A SLOWER PACE OF RATE INCREASES
All indications are signaling that the U.S. Federal Reserve will add another three-quarters of a point to its key interest rate when its Open Market Committee meets next week.
Post
ROBOTS HELP SINGAPORE BEAT EXPECTATIONS
Robots vs. the economic apocalypse? It’s probably not quite what you think. As countries around the world are dealing with geopolitical turmoil, skyrocketing inflation and supply chain problems, Singapore's manufacturing industry has managed to expand.