The prospect that the US Federal Reserve (Fed) will increase interest rates further rather than lower interest rates is gradually gaining strength. This is expected to have a strong impact on Korean monetary policy.
23rd (local time) English daily 파이낸셜타임스(FT) reported, “Traders are increasing bets that the Federal Reserve will raise interest rates again,” adding, “After stronger-than-expected US economic data and hawkish comments from policymakers, the hope forces a change in market expectations.” .
As a basis for this, he noted the fact that the current options market “predicts the possibility that US interest rates will rise within the next 12 months by around 20%.” This is more than double the forecast of less than 10% at the start of the year.
A representative example is the prospects of Columbia Threadneedle Investments. Ed Al-Husseini, an interest rate strategist at CTI, analyzed that the current option price reflects the possibility of a 20% increase in the interest rate within the year.
Asset management company PGIM (Prudential Investment Management) predicted the probability of an interest rate increase of 29% as a result of analyzing options data from Barclays.
Ben Durham, head of global policy and asset allocation at Piper Sandler,
Climate Adaptation Of Agriculture: Mr. Sadiki Calls For…
Speaking at a High Level Conference, initiated under the theme “Agricultural research facing the challenges of climate change”, Mr. Sadiki insisted on strengthening regional cooperation and promoting innovation, with a view to building a future where agriculture thrives despite climate turbulence, which should help ensure food security and the well-being of all communities, today and for generations to come.
Furthermore, he stressed that agricultural research and innovation are more essential than ever to develop innovative solutions capable of significantly transforming food systems. The objective is to make them more resilient, sustainable and of better quality, covering the entire value chain, from primary production to final consumption.
According to the minister, the “Green Generation” strategy makes agricultural research one of the fundamental levers in the transformation of agricultural and food production systems, and the improvement of agricultural value chains and the agricultural and agri-food sector in Morocco.
In addition, he indicated that the improvement of these systems requires international mobilization for inclusive, collegial, coherent and innovative agricultural research, adapted to territorial realities.
International mobilization should involve appropriate governance of the National Agricultural Research System, resources to be made available to research and innovation that match the ambitions of its development,
JetBlues Stock Plummets As Airline Adjusts Revenue Forecast…
JetBlue’s Strategic Shift Amid Industry Challenges
JetBlue has recently embarked on a cost-cutting initiative, eliminating unprofitable routes and prioritizing those with consistent demand and strong sales for premium seats. The airline made headlines last month when it terminated its merger agreement with budget carrier Spirit Airlines following a legal intervention that blocked the $3.8 billion deal on antitrust grounds.
Industry Landscape
The latest outlook update indicates a widening gap between JetBlue and its larger competitors, such as Delta and United, which boast extensive international networks and have projected profits, robust revenue, and unprecedented demand for premium services this summer.
Challenges and Strategies
Joanna Geraghty, JetBlue’s CEO since February, acknowledged the challenges ahead, particularly in the Latin American region, a significant part of the airline’s network. The company anticipates continued revenue pressure due to elevated capacity in this region but remains committed to its standalone strategy to restore profitability.
JetBlue is grappling with the repercussions of a Pratt & Whitney engine recall that has led to the grounding of some aircraft. In response, the airline is actively exploring additional cost-saving measures to mitigate the impact of these operational disruptions.
Financial Performance
During the first quarter of the year,
Campaigning In The American Steel Capital, Biden Attacks…
2024-04-18 04:49:03
Joe Biden announced on Wednesday that he wanted to triple customs duties on steel and aluminum from China, a political choice aimed at the American working class whom he is trying to seduce this week by campaigning in Pennsylvania.
The Democrat accused Beijing of “cheating” in the global steel trade, harming American manufacturers and their employees, a key electorate for the November presidential election which will see him face, barring any surprises, his rival Donald Trump .
“They are xenophobic,” Joe Biden said in a speech from the headquarters of the USW in Pittsburgh, the historic US steel capital.
The Democrat lamented that Chinese steel companies “don’t have to worry about making a profit because the Chinese government subsidizes them heavily.”
“They are not competing, they are cheating. And we have seen the damage here in America,” said the man who claims to be the best ally of American workers.
“I am not looking for a confrontation with China, I want competition, but fair competition,” Joe Biden further clarified, assuring that there would be no “trade war” with Beijing.
Blue-collar campaign
With one voice,
Managem Successfully Closes Its Capital Increase
As part of this operation, 1,873,368 shares were allocated, for a total amount of 2,997,388,800 dirhams, which is equivalent to a subscription price of 1,600 dirhams per share, Managem indicates in a press release. Furthermore, the subscription rate for the capital increase reached 112.4%, which represents a total amount of subscriptions received of around 3,369,464,000 dirhams, or a number of 2,105,915 subscribed shares received. at the price of 1,600 dirhams. The total number of subscribers is 399.
The shares subject to this capital increase have been listed since April 17, 2024 on the main market under the ticker MNG. The Board of Directors of Managem would like to thank all the shareholders who, by largely subscribing to this operation, have shown their confidence in the company, concludes the press release.
135 Million Program For The Processing Of Agricultural…
A new program to support the processing of agricultural products in the amount of 135 million euros, announced the Minister of Development Mr. Lefteris Avgenakis.
The Minister of Rural Development and Food, Lefteris Avgenakis and the competent Deputy Minister, Dionysis Stamenitis, in collaboration with the Secretary General of Union Resources and Infrastructure, Dimitris Papagiannidis, announce the publication of the Pre-Publication of the 1st Call for the submission of support applications for inclusion in the intervention “P3- 73-2.3 – Support for investments in the processing/marketing and/or development of agricultural products” of the Strategic Plan of the Common Agricultural Policy (SS CAP) of Greece 2023-2027, amounting to 135 million euros.
The objective of the intervention “Π3-73-2.3 – Support for investments in the processing/marketing and/or development of agricultural products” is to increase the added value of the products, with the aim of meeting the country’s needs in processed quality products but also increasing the opportunities to penetrate international markets, through the utilization of the raw material of primary production, the integration of innovation, the development of environmental protection methods and procedures that limit the phenomenon of climate change. Both the preservation and creation of jobs, contributing to social stability and economic development both locally and nationally,
The Boda From The Biggest Wine In Bulgaria…
#boda #biggest #wine #Bulgaria #Top #terms #sales #country
Each European generates about 190 kg of packaging materials per year, which will increase to 260 kg by 2030, half of which is plastic. The European Union is actively working on its circular economy solutions, based on the secondary use of materials. A number of Bulgarian manufacturers are yet to face the challenges of recycling. But there are also those who are prepared for them 6 years before the official introduction of the European requirements.
“Baldaran Spring” is a good example of a business model that has already implemented European requirements before the deadline. Thanks to its partnership with Lidl Bulgaria, the company was able to reach top positions in water supply in the country. In parallel, Devin’s spring, table and sparkling spring water bottling plant now boasts the production of bottled water in bottles that contain 30% recycled material. In addition to caring for nature, this also shows a vision for the future development of the business.
How is this achieved and what is the balance sheet of four years of cooperation with Lidl Bulgaria, which began at a challenging time for the Bulgarian company?
Investment In Morocco: Jazouli Meets German Operators
The Minister Delegate in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, launched Roadshow activities in Germany on Monday in Berlin, beginning a series of meetings with German officials and economic actors.
At the start of the morning, Mr. Jazouli, leading a Moroccan delegation composed of the Ambassador of the Kingdom of Morocco to the Federal Republic in Germany, Zohour Alaoui, the Director General of the Moroccan Agency for the Development of Investments and Exports (AMDIE ), Ali Seddiki, the Director General of Investment and Business Climate at the Ministry, Ghali Skalli, and the Director of Investment, Hicham Chaoudri, paid a visit to the new Siemens Energy electrolyzer factory.
A pioneer on a global scale in the use of modern robots and digitalization for highly automated production, this new factory, where the Moroccan delegation was welcomed by the member of the Executive Committee, Anne-Laure de Chammard, and the Vice -Senior President for Africa and the Middle East, Dietmar Siersdorfer, plays a crucial role in the production of green hydrogen, a key part of the transition to a low-carbon economy.
Subsequently, the minister spoke with the director for Germany of the aeronautical and automobile manufacturer Rolls Royce,
Solution | How Long Will The Yen Continue…
The Japanese Yen Hits Record Low Against US Dollar, Government Considers Intervention
Photo credit: Xinhua News Agency
The Japanese yen has hit a new record low against the US dollar, falling to 154.85 yen per US dollar on the 22nd, marking the lowest exchange rate in 34 years. Industry insiders are raising concerns as the yen continues to approach the “dangerous” threshold of 155. Japanese Finance Minister Shunichi Suzuki stated that “no options will be ruled out” in response to the depreciation, hinting at potential government intervention in the currency market.
The sharp depreciation of the Japanese yen is highly related to the aggressive interest rate hike by the Federal Reserve. Many G20 countries have seen their currencies depreciate against the US dollar, with the Japanese yen falling by about 9% since the beginning of the year. The Bank of Japan’s cautious approach to monetary policy and the country’s trade deficits have also contributed to the yen’s decline.
As the yen continues to depreciate, experts are raising concerns about the impact on consumer purchasing power and economic growth. The weakening yen has led t o increased investments overseas and reduced domestic demand, affecting sectors such as retail and manufacturing.