Metals News
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Thousands of people in Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. over what they say is historical mismanagement of the massive Panguna copper mine. Panguna, which was operated by Bougainville Copper, shut in 1989 after local protests over the ...
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As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group Inc. But instead of withdrawing the money, an Archegos staffer accidentally wired that amount to Goldman, and the bank didn’t immediately give it back. That left ...
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If you have silver coins to sell, read this guide first. There are important things to know about selling silver coins, but it doesn't need to be daunting! These basics will make the process easy for you. The most important things to do before selling your coins are: • finding out how much your silver coins are worth • identifying what kind of coin(s) you ...
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It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
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Thousands of people in Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. over what they say is historical mismanagement of the massive Panguna copper mine. Panguna, which was operated by Bougainville Copper, shut in 1989 after local protests over the ...
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The meaning of the word "inflation" has changed. It used to mean rising prices; now it means high prices. Why it matters: Pedants, economists, and style-guide editors might not ...
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The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group ...
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This week on Macro Sunday the team touches upon the Ethereum & Bitcoin ETF, freight rates, copper tourism & much more.
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It is our great pleasure to welcome distinguished speakers and guests to our 29th BOJ-IMES Conference. We would like to thank you all for your participation. I would also like to thank my old friend, John Taylor, who was the very first Mayekawa Lecturer in 2008, for coming back to our conference to deliver his second Mayekawa Lecture later. While we hold our research conference almost every year, this year's conference is unique in that it is held as part of our "Broad Perspective Review" of monetary policy. The review aims to further deepen our understanding of various unconventional monetary policy measures over the past 25 years and to gain insights that will be useful for future policy conduct. This conference will cover two main themes: "Price dynamics" and "Effects of conventional and unconventional monetary policy instruments." We very much look forward to lively discussions with you today and tomorrow to gain further insight into these themes. To set the stage, let me start my remarks with the recent changes in our monetary policy framework, followed by my reflection on the past 25 years condensed into 20 minutes. post: BOJ GOVERNOR UEDA: RE-ANCHORING INFLATION EXPECTATIONS NECESSARY post: BOJ GOVERNOR UEDA: CHALLENGE IS TO DETERMINE NEUTRAL INTEREST RATE
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It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist ...
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Gold price has reached the green box area now and will wait for a reaction. If a strong bullish bounce reaction occurs in this area then the bullish trend will be confirmed to continue. Meanwhile, a further decline below this area could be a bearish sign in the medium-long term. In the long term, as long as prices continue to form higher swing high and ...
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RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...