Category: Prices
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Fuel prices unchanged for first time since December last year
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Fuel prices remained steady for the first time this year, ending months of consecutive price cuts that consumers have enjoyed since December last year. The Energy and Petroleum Regulatory Authority (EPRA) has kept the pump prices of a litre of petrol and diesel unchanged at Sh188.84 and Sh171.60 respectively in…
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Taylor Swift ticket prices plummet by 90% in last-minute resale market, patience proves key
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The second-hand ticket market for Taylor Swift’s upcoming Wembley Stadium concert has seen huge price drops, with some tickets dropping by more than 90% from their initial resale prices. Fans who held their nerve and waited until the last minute found themselves in an excellent position to get cheaper tickets.…
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Oil prices dip as OPEC cuts demand forecast, economic cues awaited By Investing.com
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Oil prices fell in Asian trading on Tuesday, reversing last week’s rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in more than seven months as fears of an escalating…
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Natural gas prices have been negative a record number of times
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Sometimes supply and demand get so out of control that the producer has to pay the consumer instead of the other way around. This has happened more and more frequently in West Texas, where the natural gas closing price has been negative for 57 trading days this year through the…
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Blow for farmers as cane prices dip further on market glut
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The national average price of sugarcane delivered to various mills fell further this month, cutting into farmers’ profits but giving relief to consumers through lower retail prices. The Sugarcane Pricing Committee – an independent panel comprising the Agriculture and Food Authority, the Ministry of Agriculture, farmers, millers and sugar producing…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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MicroStrategy’s Bitcoin Bet Raise Red Flags As Crypto Prices Drop, Report
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Four years ago, Michael Saylor, co-founder and chairman of MicroStrategy, turned to Bitcoin as a way to invest the company’s surplus cash instead of traditional assets like short-term Treasury bonds. This decision has transformed the software company into the largest company holding the largest cryptocurrency on the market, with Bitcoin…
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MicroStrategy’s Bitcoin Bet Raise Red Flags As Crypto Prices Drop, Report
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Four years ago, Michael Saylor, co-founder and chairman of MicroStrategy, turned to Bitcoin as a way to invest the company’s surplus cash instead of traditional assets like short-term Treasury bonds. This decision has transformed the software company into the largest company holding the largest cryptocurrency on the market, with Bitcoin…
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Japan chief cabinet secretary Hayashi says equity prices are determined in the market
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Japan chief cabinet secretary Hayashi says equity prices are determined in the market
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
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Gasoline prices in Israel to fall Wed night
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The Israeli Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95-octane gasoline at self-service stations in Israel will be reduced as of midnight on Wednesday, August 1, by 0.08 shekels per liter to 7.48 shekels per liter. The Israeli Ministry of Energy and Infrastructure announced that…
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Citi looks at the election impact on oil prices By Investing.com
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In a note to clients on Thursday, Citi strategists assessed how the upcoming U.S. presidential election in 2024, which is likely to be a battle between Donald Trump and Kamala Harris, could impact oil prices. Under the Trump administration, the impact on the oil market “could be net bearish due…
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Citi looks at the election impact on oil prices By Investing.com
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In a note to clients on Thursday, Citi strategists assessed how the upcoming U.S. presidential election in 2024, which is likely to be a battle between Donald Trump and Kamala Harris, could impact oil prices. Under the Trump administration, the impact on the oil market “could be net bearish due…
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Commodity Roundup: UBS’s Marcelli sees higher prices ahead despite demand concerns
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Oselot/iStock via Getty Images Concerns about slowing Chinese demand have weighed on commodity prices recently. However, UBS’s chief investment officer still sees commodity prices rising in the future due to strong demand and limited supply, and expects the asset class to offer strong diversification benefits to a portfolio. Context. “We…
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Canada industrial product prices for June 0.0% vs 0.2% expected
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Previous CPI rates were revised 0.0% to 0.2%. IPPI Rates 0.0% vs. 0.2% Expected IPPI rates are 2.8% annual. Raw Materials Price Index -1.4% vs. -0.7% expected. Previous month -1.5% The wholesale price index rose 7.5% year-on-year for the fourth consecutive year. The rule implemented the annual increase level as…
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June CPI up 0.1% as housing prices jump again
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Israel’s consumer price index rose 0.1% in June, in line with expectations. In the 12 months to the end of June 2024, the inflation rate rose slightly to 2.9% from 2.8% at the end of May, according to figures released by the Central Bureau of Statistics today. Inflation thus remains…