The Bureau of Land Management (BLM) on Nov. 28 proposed a new methane venting and flaring rule for federal and tribal lands, drawing opposition from Republicans who say last year’s infrastructure law would let the Biden administration reduce the waste of natural gas by other means. BLM, which falls under the U.S. Department of the…
Biden Interior Proposal Targets Methane Flaring on Public Lands
November 29, 2022
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Why Is Platinum Cheaper Than Gold?
Owning precious metals like gold and silver is a prudent solution when you want to get the most out of your long-term investments. However, more people are looking toward platinum products as an alternative way to enhance their portfolios. Unlike fiat currency, platinum shows resilience during an economic downturn. Why is this precious metal so attractive to…
UN Warns of ‘Reshoring’ and ‘Friend-Shoring’ Risks in Fragile Global Trading System
November 29, 2022
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Business & Marketseconomic policieseconomyfriendshoringGlobal TradeInternationalMarketsreshoringUNUSWorld
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The United Nations has criticized the trend of “friend-shoring” and “reshoring” manufacturing operations, warning that it might endanger a global trading system that is already vulnerable. Roughly 80 percent of the world’s traded goods are transported via the sea. In the past two years, the maritime industry has suffered from disruptions ranging from the COVID-19…
Nasdaq Opens Higher; Tesla Leads Gains in Growth Stocks
The Nasdaq opened higher on Tuesday, as Tesla led gains among beaten-down growth shares, amid some hopes that public unrest in China could lead to a quicker easing of COVID-19 curbs by its regime. The Dow Jones Industrial Average fell 1.7 points at the open to 33847.8. The S&P 500 fell 0.3 points, or 0.01…
Qatar to Supply Liquefied Natural Gas to Germany From 2026
November 29, 2022
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Business & Marketseconomic policieseconomyenergyEuropeGasGermanyGold and CommoditiesLNGMarketsMiddle EastQatarsupplyWorld
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DOHA, Qatar—Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. Officials gave no dollar value for the deal, which would begin in 2026. Under the agreement, Qatar would…
ECB’s Lagarde Says Inflation Hasn’t Peaked, May Surprise
FRANKFURT—Eurozone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a series of interest rate hikes ahead. Her comments, along with remarks by Dutch central bank chief Klaas Knot earlier, were likely to dampen speculation that the ECB was…
German Inflation Eases Slightly in November
BERLIN—German consumer prices, harmonized to compare with other European Union countries, rose by 11.3 percent on the year in November, preliminary data from the Federal Statistics Office showed on Tuesday, in line with forecasts by analysts polled by Reuters. October saw the highest reading since comparable data going back to 1996 with harmonized inflation up…
Yuan Rallies on Hopes of China COVID-19 Policy Relief, Euro Surges
The yuan jumped against the dollar on Tuesday amid hopes of a potential easing in the country’s strict pandemic restrictions following an unprecedented episode of unrest. The euro rose ahead of inflation data due on Wednesday. The offshore yuan surged 0.9 percent to 7.1850 a dollar. The onshore yuan was up 0.6 percent at 7.1666…
Oil Jumps on Hopes for Easing of China’s COVID-19 Controls
November 29, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices jumped by 3 percent on Tuesday on hopes for a relaxation of China’s strict COVID-19 controls after rare protests in Chinese cities over the weekend. Brent crude futures gained $2.50, or 3 percent, to $85.69 a barrel at 1119 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.98, or 2.6 percent, to…
Stocks and Oil Rise on Hopes of Looser COVID-19 Curbs in China
November 29, 2022
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LONDON/SYDNEY—Stocks and oil gained on Tuesday on hopes that public unrest in China might prompt an earlier loosening of COVID-19 curbs in the world’s biggest economy, with the yuan up and the dollar down as investor appetite for riskier assets grew. The Euro STOXX 600 gained 0.4 percent, recovering from its worst session in almost…
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