Investing.com — With the U.S. presidential election concluding, Alpine Macro (BCBA:) has suggested three emerging market (EM) currency trades, especially if the Trump administration ushers in heightened protectionism.  The key pairs are shorting the Mexican peso (MXN) against the Brazilian real (BRL), the (CNY) against the Japanese yen (JPY), and the Thai baht (THB) against the Singapore dollar (SGD). Short Mexican Peso vs. Brazilian Real Alpine Macro highlights Mexico’s vulnerability to

By Gloria Dickie and Kate Abnett (Reuters) – Nearly 200 countries will gather next week for the U.N. climate summit, COP29. Reaching a consensus for a deal among so many can be difficult. Here are some of the major players and negotiating blocs involved in the COP29 summit starting Nov. 11 in Baku, Azerbaijan. CHINA China produces the most energy from climate-warming fossil fuels and also from renewable energy sources.

By Shariq Khan NEW YORK (Reuters) – U.S. renewable fuel credits rose to multi-month highs on Friday on increased demand from refiners trying to comply with mandates and higher prices for soyoil, surprising traders who expected Donald Trump’s reelection as U.S. president to weigh on the market. Rising prices for the credits, also called Renewable Identification Numbers (RINs), are welcome news for biofuel producers who depend on them to make

(Reuters) – U.S. President-elect Donald Trump’s transition team has prepared executive orders and proclamations on withdrawing from the Paris climate agreement and shrinking the size of some national monuments to allow more drilling and mining, the New York Times (NYSE:) reported on Friday. Trump is also expected to end a pause on permitting new export terminals, and revoke a waiver that allows California and other states to have tighter pollution

By Timothy Gardner WASHINGTON (Reuters) – Democratic governors of two U.S. states pledged on Friday to keep building programs on renewable energy and curbing climate change after President-elect Donald Trump’s victory this week. WHY IT’S IMPORTANT The comments are a first indication that the Democratic governors are planning to push ahead and fight on climate change. Trump, a Republican, has said he may repeal subsidies for electric vehicles, a core

Another day. Another Apple headline. The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company’s earnings report Saturday. The Omaha-based conglomerate reduced its stake by about 25% during the third quarter. But it still held roughly $69.9 billion worth of Apple shares at the end of September. Apple remains, by far, Berkshire’s biggest position. Berkshire, which has also been selling down its

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021. Source: The Nasdaq Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Loss per share: 6 cents adjusted vs. a loss of 5 cents expected Revenue: $128 million vs.

(Reuters) – Federal revenue from energy production on public lands and waters fell 10% in the latest fiscal year to $16.4 billion, the U.S. Interior Department said on Friday. WHY IT’S IMPORTANT The total was the lowest since 2021, the first year of the administration of U.S. President Joe Biden, but was the fourth highest year since 1982. Biden has overseen record domestic oil and gas production even as his

Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in the July-September period, topping a company-provided estimate of $26.9 billion. The print is also a

(Reuters) – President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new “energy tsar”, the Financial Times reported on Friday. Burgum is Trump’s preferred candidate for the role, the newspaper reported citing people familiar with the discussions, adding that former energy secretary Dan Brouillette is also a contender. The new energy tsar role and its powers are not yet finalised, the FT reported. Source link