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20.04.26 - 22:06
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How Trump′s Fed Drama Risks Backfiring — and Keeping Powell in Power (Bloomberg)
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President Donald Trump has nominated Kevin Warsh, a former Federal Reserve governor, to succeed Jerome Powell when his term as chair of the Fed's Board of Governors expires on May 15. Typically, new chairs are subjected to plenty of scrutiny, but the transition of power is almost always smooth and uncontroversial. Not so this time....
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20.04.26 - 22:06
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Hormuz Traffic At Standstill After US Ship Seizure (ZeroHedge)
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Hormuz Traffic At Standstill After US Ship Seizure
Confirming the Schrodinger nature of the notorious waterway, the Strait of Hormuz is now just closed even more than before Iran and the US said the vital oil channel had been reopened.
Traffic through the strait on Sunday and Monday was reduced to a trickle following a Saturday surge, after Tehran rejected a continuing US naval blockade and moved to seal the waterway again. The reduced movement underscores just how quickly hopes unraveled that cargoes could once again resume.
On Friday, Iran's Foreign Minister Abbas Araghchi said the strait was “completely open” for commercial shipping, while US President Donald Trump said Iran was removing sea mines from the waterway. That prompted oil prices to plunge and dozens of tankers to race toward the strait at the mouth of the Persian Gulf. But Iran quickly declared that the passage was closed again as it emerged that the US operation in place since April 13 would not be lifted.
And rejected: t...
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20.04.26 - 21:54
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Reiche: Versorgung mit Kerosin aktuell gesichert (DPA-AFX)
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BERLIN (dpa-AFX) - Nach einem Branchentreffen hat Bundeswirtschaftsministerin Katherina Reiche bekräftigt, dass die Versorgung mit Kerosin in Deutschland aktuell gesichert sei. Versorgungsengpässe bestünden nicht. Gleichzeitig gelte: Der Markt sei angespannt ......
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20.04.26 - 21:48
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Warsh to Focus on Fed′s Monetary Independence in Confirmation Hearing (Bloomberg)
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Bloomberg's Stuart Paul said that a preview of prepared remarks from Trump's pick for Fed Chair Kevin Warsh show that he will focus mainly on the Fed's monetary independence in his confirmation hearing Tuesday. Paul described Warsh's view that the fed is responsible for all inflation, even if it is driven up by external forces, as 'shockingly hawkish' but explained that it could stem from the pressure he will face from the White House to deliver rate cuts. (Source: Bloomberg)...
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20.04.26 - 21:30
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Climate groups sue US government over approval of new BP project in Gulf of Mexico (The Guardian)
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Advocates expressed alarm as new project drills deeper into ocean bed, pointing to company's failures at Deepwater Horizon spillSign up for the Breaking News US email to get newsletter alerts in your inboxEnvironmental groups have sued the Trump administration over its approval of BP's huge new ultra-deep oil drilling project in the Gulf of Mexico, 16 years to the day since the company's Deepwater Horizon disaster caused the worst oil spill in US history. Continue reading......
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