Zambia’s central bank has introduced regulations to strengthen the kwacha and curb dollarization The Bank of Zambia has drafted new rules aimed at curbing the use of foreign currencies in local transactions, particularly the US […]
The club’s expansion affirms the Global South’s hedging strategy—and sends a message to the great powers. A vital region in the Global South—Southeast Asia—has long been missing from BRICS, a grouping whose acronym stands for […]
LNG giant Shell expects trading and optimization results for its integrated gas business in the second quarter of this year to be in line compared to the same quarter last year. However, the results will […]
Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week, while European prices dropped compared to the previous week. Last week, Spark30s Atlantic rates continued to experience record week-on-week […]
By Wolf Richter for WOLF STREET. The ransomware attack on CDK’s cloud-based dealership management system, which on June 19 had cut off nearly 15,000 dealers from the software that was running every aspect of their operation, wreaked havoc […]
So let’s extend and pretend, please? But industrial still in pristine condition, multifamily limping along. By Wolf Richter for WOLF STREET. The delinquency rates of commercial real estate mortgages that have been securitized into commercial mortgage-backed securities (CMBS) […]
Daily Standup Top Stories Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision? July 1, 2024 Stu Turley A federal judge issued a ruling Monday […]
By Wolf Richter for WOLF STREET. In the 20 countries that use the euro, inflation in services increased again by 4.1%, same increase as in May – and both were the highest since October. The service CPI has […]
The Rassemblement National found first-round success, but what is its economic platform? France’s far-right Rassemblement National (RN) party came in first place in Sunday’s first round of parliamentary elections. Despite the fact that the party […]
US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, has completed the previously reported sale of its integrated upstream assets for $260 million to affiliates of Dallas-based private investment firm […]
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