Production Commences at Huizhou 26-6 Oilfield
Huizhou 26-6 oilfield production started China National Offshore Oil Corporation (CNOOC) has commenced production at the Huizhou 26-6 oilfield development project. The project, entirely operated and owned by CNOOC, is located in the Pearl River Mouth Basin at an average water depth of approximately 110m. It represents CNOOC’s first deep buried-hill reservoir development project in the South […]
Pressure on Small and Micro Loans May Weaken Consumption Amid Strain on Small Finance Lenders | Business News
As small and micro loans come under pressure, stress on small finance lenders could dent consumption further | Business News Early signs of stress in India’s microfinance institutions, small finance lenders, and unsecured personal loans are beginning to show up, primarily driven by escalating borrower indebtedness. Latest data reveals a surge in delinquencies during the […]
Column: U.S. Focuses on Scrap to Bridge the Critical Minerals Gap
Column: US targets scrap to close the critical minerals gap As global demand for critical minerals rises amid an electrification and green energy shift, policymakers and industries are increasingly focusing on recycling—often termed “urban mining”—as a solution to the challenges posed by dwindling domestic mining capabilities and environmental concerns. The U.S. Department of Defense (DOD) […]
Weekly Market Outlook: US Dollar’s Future Linked to NFP as Fed Rate Cut Approaches
Markets Weekly Outlook – US Dollar’s Fate Hinges on NFP as Fed Rate Cut Looms Read More: USD/JPY Price Outlook – Yen Extends Gains as Key Confluence Level Approaches Week in Review: Geopolitics Drives Market Sentiment A week largely dominated by geopolitical developments as the US celebrated the Thanksgiving Holidays ended with somewhat of a […]
UK Raises World Bank Contribution, Enhancing Climate Finance Opportunities | COP29
UK increases World Bank contribution, boosting climate finance prospects | Cop29 The UK has increased its contribution to the World Bank, in a move that will boost prospects for climate finance. Next week, at a meeting in Seoul of the International Development Association (IDA) – the body that funds the World Bank’s support for low-income […]
Wall Street Holiday: Nasdaq and NYSE to Close on November 28 for Thanksgiving
Wall Street Holiday: Nasdaq, NYSE to remain closed on November 28 on account of Thanksgiving holiday Wall Street holiday: US stock markets will remain closed on Thursday, November 28 and close early on Friday, November 29, in observance of the Thanksgiving holiday. According to the Securities Industry and Financial Markets Association, the Nasdaq Stock Exchange […]
Elon Musk Advocates for the ‘Abolition’ of U.S. Consumer Financial Protection Agency
Elon Musk calls to ‘delete’ US finance consumer watchdog agency | Elon Musk Elon Musk has said he wants to “delete” the Consumer Financial Protection Bureau (CFPB), a federal watchdog that helps protect consumers from predatory financial practices. The tech billionaire, who has been tapped to run a “Department of Government Efficiency” in the incoming […]
Leading Buyers of Gold Now Include Eastern European Central Banks
“We need to reduce volatility,” Michl, who grew animated when queried on the subject, told Bloomberg Television earlier this month. “And for that, we need an asset with zero correlation to stocks, and that asset is gold.” The Czech policymaker isn’t alone in accelerating bullion purchases. Peers from Warsaw to Belgrade are joining the gold […]
Self-driving planes may soon be a reality in commercial aviation, but it could pose a potential safety concern
Fully autonomous planes could be coming to a flight near you—and that’s not a good thing Some of the world’s largest aircraft manufacturers seem convinced that adding new technologies and increasing automation will allow airlines to reduce the number of pilots on the flight deck. For them, it is a question of when, not if. […]
Momentum Technologies CEO Mahesh Konduru Appointed to ITAC 5 Committee Focused on Critical Minerals and Non-Ferrous Metals
Momentum Technologies CEO Mahesh Konduru Named to ITAC 5 Committee on Critical Minerals and Non-Ferrous Metals Momentum Technologies’ CEO Mahesh Konduru Makes Significant Strides in Critical Minerals Policy In a significant development for the critical minerals sector, Mahesh Konduru, the CEO of Momentum Technologies, has been appointed to the prestigious Industry Trade Advisory Committee on […]