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Palladium Prices See Technical Rebound as Dollar Continues Rally

Ask palladium traders, and they’ll tell you that the semiconductor shortage isn’t just punching the automotive industry in the gut. There could be signs of life, however, with a recent technical rebound amid a rallying dollar. Monday’s trading session saw the dollar gain strengthen as investors expect the Federal Reserve to follow through with its […]

Americans may not get some Christmas treats, White House officials warn

The congested Port of Los Angeles is shown in San Pedro, California, U.S., September 29, 2021. REUTERS/Mike Blake WASHINGTON, Oct 12 (Reuters) – White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season. The supply crisis, driven […]

IMF board backs Georgieva after review of data-rigging claims

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS/File Photo WASHINGTON, Oct 11 (Reuters) – The International Monetary Fund’s executive board on Monday expressed its full confidence in […]

I.M.F.’s Executive Board Says Kristalina Georgieva Can Remain

WASHINGTON — The International Monetary Fund’s executive board on Monday expressed confidence in the leadership of Kristalina Georgieva, its managing director, following allegations that she had manipulated data to placate China when she was a senior World Bank official. The decision came less than a month after an independent inquiry commissioned by the World Bank […]

Economy facing €1.3 billion bill

Households and corporations are looking at additional costs of more than 1.3 billion euros per month in total from soaring electricity and natural gas rates. This explains the government’s difficulty in fully covering the hikes from the budget (just like all other governments in Europe) and ominous projections for a tough and “cold” winter ahead […]

If the US defaults on debt, expect the dollar to fall

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) (THE CONVERSATION) Congress has seemingly kicked the debt ceiling deadline down the road – but the threat of a future default still exists. On Oct. 7, 2021, lawmakers in the Senate agreed to extend the government’s ability to borrow […]