President Donald Trump warned OPEC about its "artificially very high" oil prices Friday, saying they are "no good and will not be accepted!" His warning came in an early morning post to Twitter. Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted! — Donald J. Trump (@realDonaldTrump) April 20, 2018 Trump's rebuke of the Organization of Petroleum Exporting Countries came after Saudi Energy Minister Khaled al-Faleh said the global market has the capacity to absorb higher oil prices, after crude hit the highest level in more than three years. "I have not seen any impact on demand with current prices. We have seen prices significantly higher in the past — twice as much as where we are today," Faleh told reporters ahead of an oil producers' meeting in Jeddah, Saudi Arabia. "Energy intensity as you know has declined significantly ... this … [Read more...] about Trump Warns OPEC on ‘Artificially Very High’ Oil Prices
Flight prices fluctuate daily
VietNamNet Bridge – Many pineapple farmers in Tien Giang Province’s Tan Phuoc District, the largest pineapple planting area in the Cuu Long (Mekong) Delta, are taking losses because of fluctuating prices caused by an oversupply. A farmer in Tien Giang Province harvests pineapples. — VNA/VNS Photo Nam Thai Nguyen Xuan Hai, deputy head of the district’s Agriculture and Rural Development, said that pineapples were selling for VND2,000–3,000 a kilo. Since mid-year, the price has ranged from VND1,500–5,500 a kilo. With the decline in price, farmers are now suffering a loss of VND10-15 million (US$440-$660) per ha per crop. The fruit has helped many farmers escape poverty in recent years. Tan Phuoc’s Queen pineapples, one of the main varieties in Tien Giang, are well-known for high quality. The district has about 16,500ha of pineapples with an average yield of 20 tonnes per ha per crop. A pineapple crop lasts between 12-15 months. … [Read more...] about Delta pineapple farmers suffer losses due to fluctuating prices
Sep 17, 9:50 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 09/17/19 AT 9:30 PM Expectations are high for the US Federal Reserve to deliver the year's second interest rate cut on Wednesday as members conclude a hotly-anticipated policy meeting in Washington.With the meeting underway, central bank officials on Tuesday also moved for the first time in a decade to prevent market fluctuations from pushing short-term interest rates beyond the Fed's control.US Federal Reserve Chairman Jerome Powell has sent strong signals in recent weeks that a rate cut is coming, vowing that policymakers stand ready to "act as appropriate" amid "significant risks" to the economy -- notably President Donald Trump's trade wars.He is due to make his announcement at 1800 GMT on Wednesday afternoon.Meanwhile, the New York Fed on Tuesday announced emergency measures to pump billions into the banking system through arrangements known as … [Read more...] about US Fed Signals Rate Cut As Market Odds Fluctuate
On May 4, 2015, the National Development and Reform Commission (“ NDRC ”) and seven agencies including the National Health and Family Planning Commission and the Ministry of Human Resources and Social Security jointly published Opinions on Promoting Drug Price Reform (the “ Opinions ”). The NDRC also issued a Notice on Strengthening Monitoring of Drug Prices (“ Notice ”) and a press release on the same day.NDRC OpinionsThe Opinions focus on removing the government drug prices for most drugs; improving the system for drug purchase; strengthening the effect of cost reduction provided by medical insurance; reinforcing the regulation of healthcare activities and pricing behavior; and ultimately establishing a price determination scheme that is predominantly market-based. The new drug pricing scheme shall be as follows:Drugs paid by healthcare funds: The healthcare authorities shall coordinate with other relevant … [Read more...] about NDRC Issued Opinions and Notice on Drug Price Reform: National Development and Reform Commission
Looters pillaged burned and vandalized shops in Haiti's capital Sunday following two days of violent protests over the government's attempt to raise fuel prices. Journalists saw young men stripping shelves bare in some supermarkets that were charred from the protests. Several bodies lay among the debris scattered in the streets. With the situation still chaotic, the U.S. Embassy in Port-au-Prince on Sunday warned U.S. citizens to shelter in place. It noted that many flights were canceled and said, "The airport has limited food and water available." Passengers traveling to and from Haiti from the United States are currently on standby, as some airlines have canceled flights due to demonstrations on the streets of Port-au-Prince. Haiti Suspends Fuel Price Hike After Protesters Riot Protesters in Haiti are burning tires, blocking major intersections and destroying businesses. Oppositions groups are rioting in the streets in response to Friday’s announcement from their … [Read more...] about Looting Follows Protests in Haitian Capital; Flights Canceled Around U.S.