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National Savings & Investments (NS&I) has announced significant changes to its interest rates starting today. In a move designed to benefit savers as the new tax year approaches, NS&I has increased the interest rate on its Direct ISA to 3.50% gross/AER, up from 3%.However, in response to the changing savings market, NS&I will also reduce rates on some of its other products.Notably, the prize fund rate on Premium Bonds will fall from 4% to 3.8%, effective for the April 2025 draw. Despite this reduction, the odds of winning remain unchanged at 22,000 to 1.Additionally, the interest rate for the Direct…
Metal packaging manufacturers today are assessing the impact of tariffs on steel and aluminum imports that President Donald Trump announced Monday evening. They’re raising red flags about inadequate U.S. metal production capacity and anticipated higher costs for both the packaging industry and consumers. Trump signed executive orders restoring the 25% steel tariff rate he implemented in 2018 under Section 232, and upping the previously enacted 10% rate on aluminum to 25%. The White House says the U.S. steel and aluminum industries have been “harmed by unfair trade practices and global excess capacity.” The new tariffs do not provide exemptions, and they eliminate exemptions…
Image source: Getty Images The worst-performing stock in the FTSE 100 so far today (18 February) is BT Group (LSE:BT.A). At 142.7p, it’s down almost 6%, mostly due to a downgrade from a leading Wall Street bank. With some of the reasonings provided by the research team, it could spell trouble looking forward for the BT share price. Flipping the view The research team at Citi downgraded BT Group from a previous Buy recommendation to a Sell. They revised the target price for the coming year down from 200p to 112p. That’s basically halving the expectations, with the view that…
Coca-Cola is launching a prebiotic soda brand called Simply Pop, taking on upstarts Olipop and Poppi.Starting in late February, consumers on the West Coast and in the Southeast will be able to try Coke’s iteration of the trendy drink.Soda consumption has broadly fallen in the U.S. over the last two decades, hurt by health concerns and an increase in alternatives on the market, from cold brew to energy drinks to water. But in the last five years, sodas containing prebiotics have taken off, thanks to industry newcomers Olipop and Poppi.Olipop recently raised $50 million at a valuation of $1.85 billion,…
(Bloomberg) — Chinese President Xi Jinping presided over a meeting with Alibaba co-founder Jack Ma and other prominent entrepreneurs on Monday, signaling Beijing’s endorsement for a long-marginalized private sector now considered key to reviving the world’s No. 2 economy. Most Read from Bloomberg The country’s leader drew many of the biggest names in Chinese business over the past decade, representing industries from chipmaking and electric vehicles to AI. The summit demonstrated Beijing’s softer stance toward the companies that fuel most of economy, just as Washington ramps up a potentially debilitating campaign of global tariffs. Xi delivered a speech after hosting…
Dutamas Semesta Sdn Bhd, a prominent trading company in Malaysia, has earned a solid reputation for specialising in the distribution and supply of a wide range of metal products, including […] Source link
Please Register or Sign in to view this content. Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon, ammonia and hydrogen markets. Quantum Carbon service subscribers have access to: Daily price assessments Market news and price commentary Fundamental trade data Quantum Carbon Daily – market report sent to your email Get in touch with us for subscription information on all Quantum platforms, or help with the service. Source link
Image source: Getty Images Shell’s (LSE: SHEL) share price has dropped 9% from its 13 May 12-month traded high of £26.86. For much of that period it has tracked the oil price lower. But since December it has gained ground while the oil price has continued to lose it. I think the key reason for this has been potential new liquefied natural gas (LNG) deals in the offing. Since Russian energy exports were sanctioned after its Ukraine invasion, LNG has become the world’s emergency energy source. Unlike oil and gas moved through pipelines, LNG can be sourced quickly and moved…
BeZero Carbon study claims almost 200 million credits already available on the carbon market could be eligible to be purchased under the first phase of CORSIA, which runs to 2026 Source link