• Drax/Kwarteng: biomass is a bad solution to renewables challenge Link
    FT Energy Thu 11 Aug 2022 13:44
  • Drax/Kwarteng: biomass is a bad solution to renewables challenge Link
    The Lex Column Thu 11 Aug 2022 13:44
  • Volvo is proving that Europe’s sleepy market for new corporate-bond issues is still open — as long as the returns are high enough to lure investors in Link
    Bloomberg Thu 11 Aug 2022 13:44
    Volvo AB is proving that Europe’s sleepy market for new corporate-bond issues is still open -- as long as the returns are high enough to lure investors in.

    Volvo Treasury AB, the financing arm of the vehicle maker and one of Sweden’s biggest corporate-bond issuers, pulled in more than 3 billion euros ($3 billion) of bids for a 500 million-euro

  • Oil is so excited by the drop in CPI and PPI it has undone 25% of last month's energy deflation already
    zerohedge Thu 11 Aug 2022 13:44
  • First-time buyer misery as house prices refuse to come down despite buyer interest slowing Link https://t.co/M0jCSAZF7Q
    City A.M. Thu 11 Aug 2022 13:44

    House prices continue to move firmly upwards and are still expected to be higher in a year’s time, according to the Royal Institution of Chartered Surveyors (RICS) this afternoon.

    The numbers are somewhat surprising given that surveyors have seen the longest stretch of shrinking buyer demand in the housing market since the early stages of the coronavirus pandemic.

    A net balance of 25 per cent of property professionals reported new buyer inquiries falling rather than rising in July, marking the third month in a row of an overall decline.

    The RICS report said: “As such, this marks the third successive report in which this indicator has been in negative territory, thereby representing the longest stretch of falling demand seen since the early stages of the pandemic.”

    The previous stretch of falling demand took place in March, April and May 2020.

  • The U.S. sanctioning of the Tornado Cash cryptocurrency platform exposes gaps in the government’s ability to prevent criminals and extremist groups from using such services Link
    Real Time Economics Thu 11 Aug 2022 13:39

    The U.S. sanctioning of a prominent cryptocurrency platform this week exposed technical gaps in the government’s ability to prevent criminals, national adversaries and extremist groups from using the services to launder money and finance their operations, analysts said.

    Among the central challenges: Cryptocurrency platforms are increasingly run by computer code distributed across

  • Lucid says top shareholder Saudi Arabia has been supportive during a supply crunch that forced two production target cuts this year Link
    Bloomberg Markets Thu 11 Aug 2022 13:39

    Top shareholder Saudi Arabia has been supportive of Lucid Group Inc. during a supply crunch that forced two production target cuts this year, an official at the carmaker said on Thursday. 

  • *Brent Crude Top $99, Up 1.8% at $99.18 on Rising Demand for Oil in Europe
    *Walter Bloomberg Thu 11 Aug 2022 13:39
  • 'Count on us': Scholz promises new package to help Germans with energy bills Link https://t.co/tj9Ir3ymZn
    Reuters Thu 11 Aug 2022 13:39
    Chancellor speaks at annual summer press conferenceVows tax relief to those struggling with high inflationDenies impropriety in 'cum-ex' scandalSays G7 proposal on oil price cap needs wider supportDoes not expect social unrest due to high prices
  • RT @ProSyn: Michael Spence thinks that legislation like the #CHIPSAct and the #InflationReductionAct may signal a much-needed shift in US p…
    Nouriel Roubini Thu 11 Aug 2022 13:39
  • Lucid says top shareholder Saudi Arabia has been supportive during a supply crunch that forced two production target cuts this year Link
    Bloomberg Thu 11 Aug 2022 13:39

    Top shareholder Saudi Arabia has been supportive of Lucid Group Inc. during a supply crunch that forced two production target cuts this year, an official at the carmaker said on Thursday. 

  • US public health authorities need to be more clear and open about exactly what protection the monkeypox vaccine can provide (via @opinion) Link
    Bloomberg Thu 11 Aug 2022 13:39

    As US public health authorities deploy a new strategy to expand access to the monkeypox vaccine, they need to be more clear and open about exactly what protection the shots can provide.

    The Food and Drug Administration this week issued emergency authorization to administer a small dose of Bavarian Nordic’s Jynneos vaccine — one-fifth the usual size — within the skin, or intradermally, rather than under the skin. About 440,000 of the 600,000 recently allocated doses of Jynneos remain, an official from the Department of Health and Human Services explained, and the new strategy will stretch that supply into 2.2 million shots.

  • *PFIZER DROPS 3.5% AT THE OPEN TO LOWEST SINCE JUNE 22
    zerohedge Thu 11 Aug 2022 13:39
  • US major indices open higher after tamer than expected PPI Link
    ForexLive Thu 11 Aug 2022 13:34
    Dow industrial average is trading up 217 points or 0.67% at 33531S&P index is up 28.41 points or 0.62% 4236NASDAQ index is up 88 points or 0.69% 12941.47Russell 2000 is up 19.5 points or 0.99% at 1988.68
  • RT @FXstreetUpdate: ? JUST FOR TODAY ? 50% OFF on your yearly Premium subscription Last Chance! SUBSCRIBE HERE ? Link
    FXStreet News Thu 11 Aug 2022 13:34
  • RT @FXstreetUpdate: In case you missed it... ? EUR/USD has its bullish potential intact but needs to clear 1.0360 Link
    FXStreet News Thu 11 Aug 2022 13:34
    The US Producer Price Index shank by more than anticipated in July, to 9.8% YoY. Wall Street is set to open firmly higher and extend its Wednesday rally. The EUR/USD pair has its bullish potential intact but needs to clear 1.0360.
  • #DYK the Census Bureau offers different types of data from the #AmericanCommunitySurvey on tax statistics, employment, pensions, and state and local government finances? Join us Thursday, August 18th at 2PM ET to learn more: Link #CensusData #CensusEconData https://t.co/lTNVPKLaF9
    U.S. Census Bureau Thu 11 Aug 2022 13:34

    Exploring Census Data webinar series on the public sector. Census Bureau’s subject matter experts will present data available from various sources. You will learn about the different types of data available from the public sector to include tax statistics, employment, pensions, and state and local government finances. The session includes how to find demographic data from the American Community Survey while discovering gems and resources from both business and demographic programs. There will be an opportunity to connect with our experts via live chat and during the Q&A segment of the webinar. This webinar is part 5 of 6 in a series to help data users discover Census data leading up to the launch of the 2022 Economic Census.

  • Deutsche Telekom CEO eyes majority stake in T-Mobile US Link https://t.co/eFmLY7j6r4
    Reuters Thu 11 Aug 2022 13:34

    BERLIN, Aug 11 (Reuters) - Acquiring a majority stake in T-Mobile U.S. is a priority for Deutsche Telekom's (DTEGn.DE) chief executive Timotheus Hoettgas, he said on Thursday after the telecoms operator published its second-quarter results.

    "This is our most important strategic project at present," Hoettgas said.

    Deutsche Telekom currently holds a 48.4% stake in the company. This should increase to more than 50% in the medium term, he said.

  • China's war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now Link https://t.co/QIVeA99aHS
    Reuters Thu 11 Aug 2022 13:34

    WASHINGTON, Aug 10 (Reuters) - China's war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those options aside for now, according to sources familiar with the deliberations.

    President Joe Biden's team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump's tenure, as it tries to tamp down skyrocketing inflation.

    It has considered a combination of eliminating some tariffs, launching a new "Section 301" investigation into potential areas for additional tariffs, and expanding a list of tariff exclusions to aid U.S. companies that can only get certain supplies from China.

  • Company announcement: NatWest taps Oak Engage to transform internal comms p... Link #fintech
    Finextra Thu 11 Aug 2022 13:34
  • How do #casinos impact regional economies? Our latest #EconomicBrief examines literature on how much economic benefit may occur if a casino comes to town. Link
    Richmond Fed Thu 11 Aug 2022 13:34

    With casinos much more common across the nation than they were a generation ago, how might the development of a new casino impact its surrounding regional economy? We survey the literature on the local impact of casinos from a variety of economic and social perspectives. We find that, despite tax revenues being a major motivator for state legalization of casinos, there is little evidence that they boost state taxes. We also find that the job gains from casino development are limited to those in lower density areas that lack nearby casinos.

  • How the Producer Price Index is Used for Contract Adjustment Link #PPI #BLSdata
    BLS-Labor Statistics Thu 11 Aug 2022 13:34
  • Stocks open higher after wholesale inflation data Link
    MarketWatch Thu 11 Aug 2022 13:34

    U.S. stocks opened higher Thursday, finding support after the July producer price index fell modestly, a day after investors cheered a moderation in consumer prices. The Dow Jones Industrial Average DJIA,

  • WATCH: Investors can't afford to ignore clean energy as Congress prepares to vote on the biggest climate legislation ever passed in the U.S., Randy Watts of O'Neil Global Advisors tells @Reuters https://t.co/dPShHE3daf
    Reuters Business Thu 11 Aug 2022 13:34
  • HSBC is overstating Asia demerger cost, Ping An claims Link https://t.co/xgktqJFirB
    City A.M. Thu 11 Aug 2022 13:34

    Britain’s largest bank HSBC is blowing up the financial hit from carving out its Asia business to water down pressure from its biggest shareholder to demerge, sources close to the matter said.

    Chinese insurer Ping An claimed the high street lender selling off its highly profitable Asia arm would unlock $35bn (£29bn) in value for shareholders that have been starved of payouts, according to a source close to the firm.

    In its latest set of results, HSBC argued bowing to Ping An’s – which owns over eight per cent of the bank – demands would raise its tax bill and knock its credit rating.

    In a veiled pushback in its second quarter earnings report, Noel Quinn, HSBC’s chief, said the bank’s “strength as a well connected, global institution is the main reason our wholesale clients choose to bank with us”.

    “We are determined to capitalise on the advantages our network gives us,” Quinn, 61, added.

    Despite having a huge presence on British high...

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