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16/06/2026
The Reserve Bank of Zimbabwe has reduced the policy rate from 35% to 30%.
Latest
9 m ago
The key indicator of natural gas prices in the local time of the Permian Basin, the spot delivery price at the Texas Waha Hub, is 35 cents per million British thermal units for the first time since February, marking the end of a record 131 consecutive days of prices below zero. The rise in prices was driven by hot weather, increased production capacity after some pipelines completed maintenance, and signs of recent expansion of key pipelines. This positive news is a signal to producers such as Permian Resources and Devon Energy that had previously shut down some wells with high gas-to-oil ratios to avoid further capital expenditure.
10 m ago
FTSE A50 futures rose by 0.08% in overnight trading, closing at 15,780 points.
13 m ago
Amazon: Plans to invest billions of dollars in the state of Missouri.
14 m ago
The American asset management company PGIM holds a nuanced view that the Federal Reserve will raise interest rates three times this year to curb overheating of the economy and then reverse the rate hikes in 2027. The company had previously predicted in April that the Fed would cut rates this year. PGIM states that the U.S. economy is "exceptionally strong" and inflation remains persistently high, necessitating new policy responses. Given this backdrop, and considering the Fed's failure to reach its 2% target for five consecutive years, PGIM expects the Fed to raise rates three times this year to enhance its credibility and anchor inflation expectations. PGIM says, "If rate hikes are described as 'precautionary' measures to address supply-side inflation and recent volatility in long-term government bonds, Washington will receive political support." However, PGIM predicts that the Fed "will relatively quickly reverse these rate hikes, with three rate cuts in 2027, one rate cut in 2028, ultimately leading to a rate of 3.375% - lower than the current rate and possibly close to the neutral rate."
16 m ago
SpaceX: does not plan to release quarterly, annual financial performance and other major announcements through financial news agencies. Major information will be mainly released to the public through the Investor Relations section of the company's official website and its X platform account.
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