World Bank warns Zimbabwe against rush to make ZiG sole currency
As it could trigger capital flight.
We haven't written up this one. Moneyweb has the full story — the link below goes straight to it.
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European Central Bank: Inflation-driven hike prospects – DBS
DBS Group Research expects the European Central Bank (ECB) to raise the deposit facility rate to 2.50%, citing a resilient inflation-growth mix in the Eurozone. The report notes headline inflation has moved further above target, while core pressures remain contained for now.
$4.4 Trillion Could Buy Everyone A Laptop, Yet Black Money Recovery Remains Dismal
New Delhi: Chief Justice of India Surya Kant has warned that money laundering has reached a scale, with an estimated USD 4.4 trillion flowing through the illicit economy in 2025. Speaking at the 43rd International Symposium on Economic Crime in London, the CJI said the amount could buy a laptop for every person among the world’s eight…
Costco Has Raised Its Dividend Every Year Since 2004. Here Are 3 Reasons I'd Buy It in September and Never Sell.
Key PointsCostco reports its fiscal fourth-quarter results later this month.
How Much Oil Is Really Getting Through the Strait of Hormuz?
Trump says the U.S. has effectively reopened the Strait of Hormuz, with 18 million barrels of oil reportedly crossing under American protection on Tuesday, close to the roughly 20 million bpd that…
- The U.S. claims 18 million barrels of oil passed through Hormuz under its protection.
- Commercial tracking services record fewer vessel crossings, around 11 to 12 per day.
- Estimated oil flow through Hormuz is between 8.6 to 10 million barrels per day.
WTI Back Above $91 as War Premium Returns
October WTI crude oil futures are trading at $91.80 Thursday night, up $8.36 or 10.02% for the week so far. The contract traded as low as $84.11 early in the week before reaching $93.14, its strongest…
- WTI crude oil futures surpass $91 per barrel
- War premium returns due to intensified US-Iran conflict
- Gulf supply route volatility affects oil prices
Europe Gas Prices Head for Fourth Straight Weekly Gain
European benchmark natural gas prices on Friday headed for their fourth consecutive weekly gain as the re-escalation in the Middle East dampened hopes that LNG flows from the Strait of Hormuz could normalize soon.
- European gas prices rise for fourth consecutive week
- Tension in Middle East dampens LNG flow expectations
- US-Iran hostilities heighten LNG supply concerns