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28.06.26 - 13:30
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Ed Miliband as chancellor would benefit every part of the UK – and the bond markets | Josh Ryan-Collins (The Guardian)
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If Andy Burnham chooses the energy secretary, Labour could fully use the benefits of net zero to promote growth and jobsIt should have been a great week for Ed Miliband and his mission to decarbonise the UK economy. Western Europe has experienced one of its worst ever heatwaves, providing powerful evidence of the need to transition away from fossil-fuel-driven energy production to reduce the carbon emissions that are contributing to global warming.Instead, however, he has been attacked by an unholy alliance of trade unions and leading City figures, apparently determined to prevent him becoming chancellor in the cabinet of the presumptive new prime minister, Andy Burnham.Josh Ryan-Collins is professor of economics and finance at the UCL Institute for Innovation and Public Purpose Continue reading......
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28.06.26 - 03:36
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DOJ Asks Supreme Court To Approve No-Bond Immigration Detention Policy (ZeroHedge)
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DOJ Asks Supreme Court To Approve No-Bond Immigration Detention Policy
Authored by Matthew Vadum via The Epoch Times,
The Trump administration has asked the U.S. Supreme Court to approve its policy of detaining illegal immigrants who have been in the country for years without releasing them on bond.
D. John Sauer, then the U.S. solicitor general nominee, testifies during his confirmation hearing in Washington on Feb. 26, 2025. Chip Somodevilla/Getty Images
The petition in Raycraft v. Lopez-Campos was docketed on June 24, but at time of publication did not appear on the court's website because of a sensitive-filings rule. The court's public information office provided The Epoch Times with a copy of the filed petition on June 26.
Adopted last year, the policy represents a change from how previous administrations interpreted a specific provision of the federal Immigration and Nationality Act (INA). It also led to a flood of lawsuits from immigrants challenging detention.
Legal experts previousl...
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28.06.26 - 03:00
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Will Japan′s tourist visa fees, interest rate policy impact its booming property market? (SCMP)
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With Japan imposing higher visa fees for tourists from July while moving away from an ultra-loose monetary policy, foreign investors must prepare themselves for both direct and indirect impacts on their real estate assets, according to agents and analysts.
There is a dearth of data on the total number of homes bought by non-residents in Japan, but agents said the two main reasons for purchasing were to either use them as a primary base while they explored the country's tourist destinations, or......
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27.06.26 - 02:06
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Growth agenda: Hong Kong vows stronger exchange with reforms, bond futures and gold push (SCMP)
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Hong Kong is pressing ahead with an overhaul of listing rules and the launch of new product initiatives, the city's deputy finance chief said on Friday as the bourse operator marked 26 years as a publicly traded company.
Speaking at the anniversary ceremony of Hong Kong Exchanges and Clearing (HKEX), Deputy Financial Secretary Michael Wong Wai-lun outlined reforms under review, including optimising weighted voting rights, easing secondary listings by overseas issuers, and expanding flexibility......
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26.06.26 - 21:24
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"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off (ZeroHedge)
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"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off
Media reports earlier this week about SpaceX's inaugural post-IPO investment-grade bond (and we mean inaugural, as the company rushed to tap the corporate bond market just days after going public with a low-IG rating of Baa1/BBB) which priced on Tuesday, had it as almost 4x oversubscribed, at roughly $90BN in orders for the $25 billion offering (upsized from $20 billion), signaling relentless demand for the paper. Alas, it took just 48 hours for the myth of sterling demand to crash and burn, with Bloomberg reporting today that the "blockbuster bond sale is weakening so quickly in the secondary market that traders say they can't recall another recent deal that widened this sharply."
This is what we mean.
Confirming the TRACE data shown above for the company's bonds due 2056, Bloomberg says that a large dealer was quoting the SpaceX bonds at levels as much as 0.32 percentage poin...
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