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Tokyo, Sept. 30 (Jiji Press)--Electricity rates for October usage will hit record highs at all 10 major Japanese utilities due to the end of a government subsidy, with energy prices remaining elevated amid turmoil in the Middle East. The utilities announced Tuesday that standard household rates for October usage, billed in November, will rise by between 835 yen and 1,578 yen from the previo...
Gilts extended gains across the curve, with benchmark UK 10-year yields almost 7bps lower as oil and natural gas prices fell to new lows on the day. The moves followed reports that EU officials do not expect the US to ban diesel exports and that Qatar is holding meetings with the US and Iran over the conflict in the Middle East.
HK Electric customers are set to pay less for electricity in October after the Hong Kong supplier cut its fuel charge for the first time in four months, but it warned that international energy prices remained volatile. CLP Power, the city’s other electricity supplier, will raise its energy prices next month. HK Electric, which mainly supplies Hong Kong Island and Lamma Island, said on Friday that its fuel clause charge would fall by 1.4 HK cents to 59.3 cents per kilowatt hour (kWh) in...
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Ten Cap founder Jun Bei Liu views the upcoming Trump-Xi talks as positive for markets, but warns that unresolved oil supply issues pose a far greater near-term threat. Higher energy prices could ignite further inflation and keep interest rates elevated even as equities touch record highs. (Source: Bloomberg)
Emmanuel Macron has written to the EU Commission president, Ursula von der Leyen, calling on Brussels to take immediate action to lower energy prices. They have been on the rise as the conflict in the Middle East spreads, and as Ukraine's attacks on Russian diesel refineries continue.
Eight years after fuel taxes helped spark the Yellow Vest movement, calls for a return to the streets are gathering momentum in France amid soaring energy prices. Recent days have seen fishermen blockading ports and oil terminals in protest at price hikes, but they are far from the only group feeling the squeeze.
Alessia Berardi, Head of Global Macroeconomics and Emerging Markets Strategy at the Amundi Investment Institute, discusses the outlook for global bonds after a week in which the Federal Reserve and Bank of Japan hiked interest rates, amid elevated energy prices and fiscal risks. Berardi joined "The Pulse with Francine Lacqua" on Bloomberg TV. (Source: Bloomberg)
Rising energy prices are pushing inflation higher again, forcing major central banks to raise interest rates.
The US president says Washington is 'hopefully toward the end' of Iran war, as global energy prices remain high.
The 10-year US Treasury yield rose to the highest in almost two decades, the latest milestone in a bruising global bond selloff driven by booming capital investment and soaring energy prices that are exacerbating inflation. Dominic Konstam, Head: Macro Strategy at Mizuho Securities, gives his expectations for Wednesday's Fed rate decision, rising bond yields, and growing market risks. (Source: Bloomberg)
The Environment Protection Agency says the move will save the country billions of dollars and reduce energy prices.
US Department of Energy Deputy Secretary James Danly tells Bloomberg's Haslidna Amin that the US is accelerating LNG export approvals and production to lower energy prices globally. He argues that expanding American energy abundance will offset supply disruptions, even as infrastructure limits remain. (Source: Bloomberg)
Saudi Arabia on Saturday shut down the vital East-West pipeline after the conduit came under attack in the widening Middle East war, threatening to send energy prices soaring. The 1,200-km pipeline has served as the main route out for global supplies of Middle East oil for the past six months while the Strait of Hormuz has been largely shut by war.
Brent oil traded near $107 barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified. The global benchmark surged more than 6% in the previous session and is on track for its biggest weekly gain since July. Bloomberg's Ben Sharples reports. (Source: Bloomberg)
The rising cost of fuel was a big issue in the Saxony-Anhalt campaign.
Weak fuel buffers leave the region ill-prepared for higher consumption.
Global bonds clawed back ground as yields near multi-decade highs proved hard for some investors to resist, even as energy prices keep markets on edge.