PBOC Press Conference; S&P Hits New Record; RBA Rate Decision Announced
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images Hong Kong’s Hang Seng index surged over 3% on Tuesday, led by consumer non-cyclical stocks and leading gains in Asia as Beijing announced a slew of policy easing measures in a rare briefing from central […]
China’s Central Bank Unveils Series of Support Initiatives in Response to Intensifying Economic Downturn
Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR, […]
China Considers Stock Stability Fund and Releases $113 Billion from PBOC
(Bloomberg) — China is weighing plans for a stock stabilization fund, and will unleash at least 800 billion yuan ($113 billion) of initial liquidity support for its beleaguered equity market. Mainland and Hong Kong shares jumped. Most Read from Bloomberg The People’s Bank of China will set up a swap facility allowing securities firms, funds […]
Trump Media Stock Plummets to Record Low Right as Trump Gains Ability to Sell His Shares
Shares of former President Donald Trump’s media startup on Monday tumbled more than 10 percent, taking the stock down to its lowest point since the company went public six months ago. The Trump Media & Technology Group stock, which trades under the ticker DJT, closed 10.3 percent lower on Monday, settling at $12.15 a share […]
Challenges Intensify for North Sea Oil and Gas Industry
Trouble Deepens for North Sea Oil and Gas When the Labour Party came into power, it vowed to tax the oil and gas industry more. Warnings this might backfire fell on deaf years. Now, banks are refusing to lend to North Sea operators. It may well end with energy shortages. “To deliver our clean power […]
Saipem’s Pre-Qualification for A&E Project in Libya Signals Progress in Gas Monetization Efforts
Saipem Pre-Qualifies for Structures A&E Project as Libya Advances Gas Monetization Drive Italian multinational oilfield services company Saipem announced it has pre-qualified to carry out EPCC works for Production Platform E – part of the $8-billion Structures A&E Development Project – during the Libya-Italy Roundtable and VIP Networking Event in Rome on Monday. Led by […]
New Metrics Released by IEA, UNEP, and EDF to Monitor Oil and Gas Companies’ Progress on Methane Commitments
IEA, UNEP, and EDF announce comprehensive metrics to report action and measure progress by oil and gas companies on methane commitments Despite years of public pledges by oil and gas companies, methane emissions and flaring from the industry’s operations remain at near record levels. To support efforts to address this problem, the International Energy Agency, […]
Scientists question oil and gas company’s assertion that fracking has no public health risks
Scientists skeptical of oil and gas company’s claim that its fracking ‘poses no public health ri Scientists who study public health say they’re skeptical of a company’s claims that its fracking “Poses No Public Health Risks.” Canonsburg, Pa.-based CNX said that a research project it is conducting as part of a voluntary collaboration with the […]
US to Allocate $3 Billion for 25 Battery Manufacturing Projects
Empowering America’s Battery Supply Chain: A $16 Billion Initiative for Sustainable Energy The transition to a greener economy hinges significantly on the availability and sustainability of critical minerals essential for battery production. Recently, the U.S. Department of Energy (DOE) announced a remarkable $16 billion initiative aimed at bolstering the domestic supply chain for battery-grade materials, […]
U.S. Invests $3B+ in EV Battery Production, Escalating Critical Minerals Race with China (Technology Metals Report, Sept. 20, 2024)
(Technology Metals Report, Sept. 20, 2024) The critical minerals sector is undergoing significant transformations globally, with nations racing to secure their supply chains and reduce dependence on dominant players. This article explores recent developments in the industry, from major government investments to new mineral discoveries and international collaborations, highlighting the complex interplay of economic, environmental, […]