Canada's oil industry warns that President Elect Donald Trump's proposed tariffs could lead to higher gasoline prices in the US. The US imports nearly 4 million barrels of Canadian crude daily, which supports its own oil exports while fulfilling domestic demand. Energy products represent about a third of Canada's exports to the US, highlighting their economic significance.
President-elect Donald Trump's proposed tariffs of 10% on Chinese goods and 25% on Canada and Mexico could raise U.S. core PCE prices by nearly 1%, according to Goldman Sachs. This increase may complicate Federal Reserve rate cut calculations, as inflation remains above the target of 2%. The implementation of these tariffs is uncertain, with potential conditions related to immigration and drug policy.
The UBS ETF - MSCI World Socially Responsible ETF A recently experienced a decline, slipping 0.22% to EUR 0.36 during STU trading. The fund's lowest price for the day was EUR 163.10, down from an opening value of EUR 163.56. Over the past year, the ETF reached its lowest price of EUR 123.86 on November 28, 2023.
US Treasury bonds declined as President-elect Donald Trump threatened new tariffs on trade partners, undermining gains from Scott Bessent's appointment to lead the department. Yields rose by one to four basis points across various maturities following Trump's announcement of a 10% tariff on Chinese goods and a 25% tariff on products from Mexico and Canada. The market had previously surged on hopes that Bessent could influence Trump's trade policies.
Decentralized science (DeSci) merges cryptocurrencies with scientific research, aiming to enhance transparency and community funding while addressing inefficiencies in traditional systems. Despite growing interest and participation from notable figures, skepticism remains regarding its viability and impact on society. Key protocols like OriginTrail and VitaDAO are leading the charge, yet experts caution that many DeSci initiatives may be misinformed or untrustworthy.
Husky Midstream LP is considering a sale of at least C$400 million ($284 million) in Canadian dollar bonds this week. The bonds are expected to mature in five to seven years, with pricing discussions indicating a potential yield of 1.10 percentage points above government debt for five-year bonds and 1.3 percentage points for seven-year offerings.
UBS has expressed a bullish outlook on Delta Air Lines shares, issuing a buy recommendation for investors. This positive stance reflects confidence in the airline's performance and potential for growth in the market.
Raiffeisen-Warengenossenschaft Hunte-Weser has reported a positive balance sheet for 2023, achieving a net profit of €1.7 million. The cooperative plans to invest €8 million in its locations to further enhance its operations.
Billionaire Ricardo Salinas Pliego, Mexico's third-richest person, faces a peculiar financial crisis marked by a trading halt on his stock. Known for his history of conflicts with partners, investors, and regulators, this situation adds another layer of complexity to his controversial career.
The National HTA Plan, backed by Agenas, aims to foster a sustainable healthcare model in Italy, but requires supportive industrial policies. Confindustria Medical Devices President Nicola Barni warns that the current payback system threatens GDP and jobs, urging for its elimination and a regulatory framework that promotes innovation. He emphasizes the need for a strategic approach to healthcare planning and a rapid Health Technology Assessment to enhance patient care and maintain competitiveness against global rivals.