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Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the marke ....
About a decade ago, at an energy conference in Washington, D.C., Aubrey McClendon, CEO of Chesapeake Energy and a leader in promoting U.S. natural gas produced with hydraulic fracturing, made fun of coal. Standing on the stage in front of several hundred analysts, politicians, bankers, journalists and industry participants, he held a lump of coal in his hand. Before launching ....
Drones buzz above traffic-clogged roads in Ordos, Inner Mongolia, as white-capped police officers attempt to manage lines of hundreds of trucks waiting to be loaded with cargoes of coal. Many have been there for days. The jams disrupting the Chinese city, one of the most critical coal hubs anywhere, show the enormous task facing the world’s top energy consumer as it races to ease a power crisis that is stifling key industries and that some economists warn risks crimping global growth. For more than a month, energy shortages have rippled through China’s manufacturing centers for steel, aluminum and cement, and prices ....