Author: Jordan

JAKARTA – Indonesia is scaling back a controversial proposal to centralise the export of its strategic commodities, after buyers and exporters raised concerns, The Straits Times has learnt.Instead, the authorities will impose tighter monitoring on exports of key commodities to prevent exporters from understating shipment values and evading taxes, two government officials told ST.The shift marks a retreat from an earlier plan that would have channelled overseas sales of commodities such as coal, palm oil and ferroalloys through a state-linked entity, a proposal that sparked concerns over market disruption and tighter export control.But Indonesia is not going ahead with such…

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Alstom (ENXTPA:ALO) has issued its first European Green Hybrid Bonds to fund projects aligned with its sustainability objectives. The European Railways Agency has granted marketing authorisation for Alstom’s new generation TGV-M high-speed train to enter commercial service in Europe. Alstom, a global rail equipment and services company, sits at the intersection of decarbonisation goals and growing demand for low carbon transport. The green hybrid bond issue and the TGV-M authorisation give investors fresh information on how the company is…

Around one in eight people say they are likely to place a bet on a World Cup game, according to a Government-backed body, which is urging people to keep track of their spending. A survey commissioned by the Money and Pensions Service (MaPS) found that 12% of people said they are likely to place a bet on a World Cup game. Of those who typically bet on football matches, nearly half (44%) bet more than £5 on a single match, with 15% betting £10 or more. Among those who bet, more than a third (36%) do so at least once…

Canadian and U.S. stock markets slide on weakness in commodities and AI Toronto Star Source link

The Mortgage Works is from tomorrow (Friday 5 June) cutting rates by up to 0.22 percentage points on selected one, two and five-year fixed rate products for new and existing customers. These rate cuts will be across The Mortgage Works’ buy-to-let, let-to-buy, Houses in Multiple Occupation (HMO) and limited company buy-to-let ranges. Buy-to-let rate cuts include: Five-year fixed rate (remortgage only with free valuation and free legals) buy-to-let mortgage at 4.22% (reduced by 0.22%) with a 3% fee, available up to 65% LTV. Five-year fixed rate (existing customer switcher) buy-to-let mortgage at 4.22% (reduced by 0.07%) with a 3% fee,…

Jun 10, 2026 Gold’s steep pullback in 2026 might rattle market participants, yet one analyst contends that the yellow metal is still entrenched in a historic uptrend that is mirroring one of its most remarkable past surges with striking precision. Jeff Clark, who publishes The Gold Advisor, told Kitco News that the present decline in gold prices echoes the downturn observed during the famous bull run of the 1970s, which eventually led to one of the strongest rallies in the commodity’s history. Clark stated that he mapped the relationship between the ongoing gold bull market and the one spanning from…

Africa produces approximately 60% of the world’s raw cashews, yet much of the value created through processing, branding, packaging, and distribution is captured elsewhere in the global supply chain. For Lloyd Ward and the team at Ward Holdings International, that imbalance became the starting point for building a different model. Starting With the Market Instead of the Commodity Ward Holdings International, a U.S.-based global enterprise founded in 2018 and operating through subsidiary entities in Tanzania and across Africa, developed what it calls Sustainable Market-Driven Industrialization, or SMDI. The model begins with a full mapping of the global cashew supply chain…

The Chase Sapphire Preferred® Card (see rates and fees) has long been my go-to travel credit card recommendation for friends and family. Now, it’s getting a major overhaul.The good news: The annual fee is staying at $95, certain purchases are more rewarding and it’s getting new and improved benefits.The bad news: The card’s transfer ratio to World of Hyatt is dropping from 1:1 to 4:3, and it’s losing its 10% anniversary points bonus. The Hyatt devaluation is particularly devastating news because it’s an incredibly valuable hotel program that made maximizing your Chase points easy.This do-it-all rewards card still offers generous…

New research from Hiscox suggests informal rental arrangements remain common among landlords renting to people they know, despite the risks of property damage, disputes and unclear responsibilities. Almost two-thirds of landlords have rented a property to someone they know, while nearly one in five have done so without a formal agreement, according to new research from specialist insurer Hiscox. The findings come as the rental sector adapts to changes introduced through the Renters’ Rights Act. Hiscox surveyed 164 UK landlords and found that 64% had rented to a friend or family member, although only 46% of those landlords used a…

Gold has cracked the March low.The spike low early in the war was $4097 and we’ve just broken through it. That puts gold back where it was in late November and — needles to say — lower for the year.The war and the risk mood aren’t helping. US equities are also at the lows of the day, with the S&P 500 down 108 points, or 1.4%. There was a brief bounce in stocks and gold after the US CPI report but it’s faded as war fears have mounted.Trump said the US would strike Iran “very hard” and we continue to…