Written by: Naoto Ono, Gaitame.com Research Institute
Date written: 14:14 on April 26, 2024
USD/JPY reached the level of 156 yen
The US dollar / yen pair rose to 156.202 yen as the interest rate differential between Japan and major countries became more aware due to strong stock prices, long-term US interest rates remaining at a high level of 4.6%, and failure Bank of Japan. to become more hawkish The range has widened, and the price has reached a new high every day for the first time in 34 years. (All rate levels are at the time of writing)
FX live commentary, if you’re waiting for the push after interruption, watch this first (April 25, 2024)
*Market trends are also explained on a program broadcast by TEAM Harrons of the Gaitame.com Research Institute.
Keep the direction up…
Next week, while keeping an eye on Japan’s intervention to buy the yen, we will look at US employment indicators and assess the appropriateness of the start of US interest rate cuts in September, which is now becoming the consensus. Regarding the employment situation in the United States, high-frequency data such as the number of new unemployment insurance claims and the Indeed Job Posting Index suggest that employment in the United States is slowing.
Egypt Takes A New Decision Regarding Controlling Sugar…
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The Ministry of Supply and Internal Trade in Egypt announced a contract to purchase large quantities of imported raw sugar to enhance the country’s reserves of it.
The Ministry indicated in a statement that it “contracted to purchase 500,000 tons of sugar, in parallel with the continued production of local sugar from beets and the production of the Sugar and Integrated Industries Company affiliated with the Ministry and putting it on the market.”
He explained that it “continues to offer white sugar in consumer mall outlets and showrooms at reduced prices at 27 pounds per kilo from ration outlets, with only 2 kilos being dispensed per person, in addition to continuing to provide subsidized sugar on ration cards at a price of 12.6 pounds per kilo as part of ration options.”
It is worth noting that the Minister of Supply, Ali Al-Moselhi, had issued a decision under No. 16 of 2024 regarding the trading of free sugar in the markets, and that the trading of any available quantities and stocks of free sugar should be limited to a price of 27 pounds per kilo, whether in the branches of the “general” and “Egyptian” wholesale companies,
Californias Wealth Threshold: The Salary Required To Achieve…
Californians Striving to Reach Top 5% Income Bracket
According to a recent study by Go Banking Rates, individuals in California aiming to be part of the top 5% of earners must have an annual income exceeding $600,000.
The research conducted by the financial website analyzed data from the U.S. Census Bureau to determine the income threshold required to be among the top earners in various states.
Varying Income Requirements Across States
Residents in Washington, Massachusetts, Hawaii, Virginia, Colorado, New York, New Jersey, Illinois, Maryland, Connecticut, and the District of Columbia also need to earn over $500,000 annually to secure a spot in the top 5% income bracket.
Notably, Washington D.C. stands out as the location with the highest income requirement, with individuals needing to earn $719,000 to be considered among the top earners.
Diverse Income Criteria
Conversely, Mississippi has the lowest income threshold for individuals aspiring to be part of the top 5% of earners, with an average income of $333,597 being sufficient.
These findings highlight the significant disparity in income requirements across different states in the U.S.
Changing Definitions of Wealth
The study also revealed a notable increase in the income needed to be in the top 5% bracket in California,
OPAP Responded To The Challenges 2024-04-27 01:54:08
According to a related announcement, “this generous reward is one of the highest among Greek listed companies, while it responds to OPAP’s firm commitment to creating significant value for its shareholders.”
Satisfaction
In addition, the shareholders expressed their satisfaction with the achievement of the targets for 2023, as well as with the new historical records of the Agency. It is recalled that the annual GGR exceeded the milestone of 2 billion, while the EBITDA reached 744.9 million euros on a recurring basis.
In his presentation to shareholders, OPAP CEO Jan Karas emphasized that the company has successfully responded to challenges such as the effects of inflation and natural disasters thanks to its resilient business model and initiatives.
OPAP’s Chief Financial Officer, Pavel Mucha, CEO, Jan Karas, Executive Chairman, Kamil Ziegler, General Manager of Legal and Regulatory Affairs and Compliance, Nancy Verra, and Corporate Secretary, Marie Emmanuel.
According to him, the consistent implementation of the Fast Forward business strategy boosted the company’s performance. As he pointed out, both retail and online activities developed dynamically thanks to OPAP’s commitment to digitization, its positioning in accessible entertainment, the renewal of traditional games and the upgrading of the customer experience.
Maruti Suzuki Is Planning An Affordable Hybrid Rollout
New Delhi Maruti Suzuki India Limited’s Japanese parent company, Suzuki Motor Company, is working on developing cost-effective technologies that will make extremely expensive hybrid cars affordable for buyers in India.
India’s largest carmaker will also seriously consider bringing to India the plug-in hybrid that Suzuki sells in Europe and the US. proposal and we should really consider it seriously,” said Hisahi Takeuchi, managing director of Maruti Suzuki.
Maruti Suzuki is expecting policy decisions, including possible reduction in taxes on hybrid vehicles, to boost market growth in the technology compared to battery electric vehicles for the Indian market. Hybrid vehicles are powered by both conventional internal combustion engines and electric ones. Motors that can be used for short distances and recharge when the vehicle is moving. There is no need to plug in the charger to power these cars. In plug-in hybrids, as the name suggests, the battery can be recharged like electric vehicles.
Globally, EV sales are beginning to decline as buyers looking to move on from conventional models seek the convenience of hybrid cars rather than EVs. However, hybrids are expensive.
Hybrid engines can cost up to 20% more than their traditional fossil fuel-powered counterparts.
Assen Pulls The Plug On The Heating Network…
#Assen #pulls #plug #heating #network #gasfree #testing #ground #residents #excited
Assen is temporarily pulling the plug on a collective heating network in the natural gas-free testing ground in Lariks-West. 70 percent in this testing ground, with more than 400 owner-occupied and rental homes, do not want to be connected to such a heating network for the time being. This makes the project unfeasible.
“If too few people participate, realization will be too expensive,” says spokesperson Laurent Dwarshuis. The municipality of Assen now wants to experiment in another part of the Lariks district to roll out such a heating network. She does this in collaboration with housing association Actium. This involves at least 400 rental properties in Lariks-Noord.
Earlier this year, the municipality conducted a survey into the need for a collective heating network among the residents of the pilot project. This showed very little interest. Only half were spoken to, and of these only a third ‘probably wanted to participate’. It was then decided not to continue with such a heating network in the original pilot area.
The EC Proposed To Limit Access To Investments…
/ world today news/ The European Commission proposed to limit the access of foreign state-owned companies and enterprises that receive large foreign state subsidies to tenders and large investments in EU countries. This was stated in Brussels on Wednesday by the deputy head of the European Commission, Margrethe Vestager, presenting the EC’s proposals for finalizing the EU’s Industrial Strategy.
“The EU has very strict regulations on the granting of state aid to European companies. Therefore, we must protect the European market from foreign companies receiving significant state subsidies. These companies must be obliged to notify us at the European Commission of their state funding and we will take decision whether to admit them to transactions. If they withhold information or provide false data, they will be deprived of the opportunity to participate in transactions, “she said.
“We are certainly open to all companies, but we must be able to intervene in case of excessive influence of foreign subsidies in the specific transactions of our market,” said Thierry Breton, European Commissioner for the Internal Market.
Standards for correcting distortions in the EU Single Market
As part of the renewal of the EU Industrial Strategy,
After Publication Of Internal Documents: Habeck Defends Nuclear…
picture alliance/dpa | Britta Pedersen
The magazine “Cicero” reported that the Ministry of Economic Affairs and the Environment had already ignored internal concerns about the nuclear phase-out at the end of 2022 in spring 2022.
Federal Economics Minister Robert Habeck responded at a special meeting that he and his ministry had considered the option of continued operation of German nuclear power plants at an early stage.
Habeck emphasized that securing the power supply was his priority and that the ministry had always worked on the basis of facts.
Federal Minister of Economics Robert Habeck emphasized on Friday in Berlin that he and his ministry had considered the option of continued operation of German nuclear power plants (nuclear power plants) on their own initiative and at an early stage. He made these comments after a special meeting of the Committee on Climate Protection and Energy. He was fully available to answer questions.
A report from the magazine “Cicero” triggered the special session. This report suggested that both the Ministry of Economic Affairs and the Environment Ministry, both under Green leadership, had ignored internal concerns about the spring 2022 nuclear plant shutdown planned for the end of 2022.