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The Chinese yuan will never replace the US dollar as the world’s reserve currency


The Chinese yuan will never replace the US dollar as the world’s reserve currency

Recently, it was reported in the news that Saudi Arabia is in talks to price its oil sales in the Chinese currency Yuan. While some countries support the Yuan as the world’s reserve currency, this effort has already been nipped in the bud due to economic reality. How the US dollar became the world’s reserve […]

“They create chaos and then walk away”


“They create chaos and then walk away”

Shutting down an oil field could cost nearly half a billion dollars, and taxpayers will foot the bill. What happens? The Tui oil field in New Zealand was abandoned by Tamarind Taranaki in 2019, and now that the offshore wells have been capped, Kiwis are facing the bill: NZ$443.4 million. That’s almost three times as […]

Pertamina and Petronas both had good years in 2023, but for different reasons – The Diplomat


Pertamina and Petronas both had good years in 2023, but for different reasons – The Diplomat

2023 was a pretty good year for Indonesia’s state-owned oil and gas giant Pertamina. The company posted a net profit of $4.8 billion and paid over $900 million in dividends to its sole shareholder – the Indonesian government. This represents a significant improvement from 2020, the low point of the COVID-19 pandemic for the oil […]

Finally there is good news about refinancing


Finally there is good news about refinancing

The refinancing volume in July amounted to 17% of fixed interest rates, the largest activity in almost two yearsaccording to Optimal Blue, but daily reports from early August indicate an even higher proportion. For August 8, the most recent date available from the product and pricing engine provider, refinancings were 27.5% of lock activity, 149 […]

Harris and Trump finally agree on this issue – good news for service sector workers – Firstpost


Harris and Trump finally agree on this issue – good news for service sector workers – Firstpost

Vice President Kamala Harris pledged Saturday to work to eliminate the tax on tips for restaurant workers and other service employees, repeating a promise made by her November opponent, Donald Trump, and creating a rare case of political overlap on both sides. Harris made the announcement at a rally on the campus of the University […]

AP PHOTOS: 172-year-old Japanese factory preserves traditional method of making cast iron cookware


AP PHOTOS: 172-year-old Japanese factory preserves traditional method of making cast iron cookware

OSHU, Japan (AP) — Katsunori Suzuki is one of the few artisans in Japan who still makes cast iron cookware using intricate handcrafting and traditional techniques. The president of the 172-year-old foundry where he works says she wants to keep the tradition alive, even if it costs a lot more to make. Suzuki uses wet […]

Trading in green government bonds will start in the second half of FY 2025, says RBI Governor


Trading in green government bonds will start in the second half of FY 2025, says RBI Governor

Reserve Bank Governor Shaktikanta Das said on Saturday that trading in green government bonds at the International Financial Services Centre in Gujarat could begin in the second half of the current financial year. “We are currently in discussions with the IFSC and will implement the initiative very soon. I think it will be possible in […]

Travis County’s Child Care Initiative is an investment for all families


Travis County’s Child Care Initiative is an investment for all families

Judge Andy Brown and Commissioner Jeff Travillion of Travis County | Austin American statesman A million more mothers would work full-time if they had better childcare A report from the National Bureau of Economic Research shows that a proposed law could bring more mothers back into the workforce. Elizabeth Keatinge of Veuer reports in more […]

Coeur reduces loss and expects better second half of the year


Coeur reduces loss and expects better second half of the year

ADELLA HARDING Elko Daily correspondent Coeur Mining Inc. reported an adjusted net loss of $3.4 million, or 1 cent per share, in the second quarter, but is looking forward to a better second half as its expanded Rochester Mine in Nevada now produces more gold and silver. “The first half of the year was about […]