Germany to give energy essentials priority by rail if Rhine disruption worsens

Aug 14, 2022 at 12:57 pm GMT

BERLIN, Aug 14 (Reuters) – Germany plans to give the transportation of materials and equipment essential for energy production priority on the country’s rail networks should water levels on the Rhine fall further and hamper shipping by river, a draft decree shows.

DB Netz, the rail network arm of railway operator Deutsche Bahn , has already rejigged usage conditions to give preference to trains carrying mineral oil products and hard coal for power generators as Germany tackles an energy crisis.

“The aim is to ensure the ongoing operations of power stations, refineries, electricity grids and other system-relevant infrastructure,” said the draft drawn up by the transport and economy ministries and seen by Reuters.

It also referred to gas and transformer equipment for power production and transmission to be given priority over passenger services and other industrial requirements.

Germany’s government cabinet has to approve the provisional legislation that would be limited to six months, the draft said.

Water levels on the Rhine are low because of unusually hot and dry weather, making it impossible for many vessels to navigate the critical shipping route fully laden.

This has coincided with a shortage of gas for power stations, heating and industrial processes due to reduced

Russian exports has led to temporary switches by operators back to more coal and oil usage.

“We need extraordinary measures to ensure supply security,” economy minister Robert Habeck in a statement.

An important reference waterline level at the chokepoint of Kaub WL-KAUB near Koblenz stood at 34 centimetres at midday (1000 GMT) on Sunday, 3 cm lower than the same time on Saturday.

Kaub hit 25 cm at one point in 2018.
Reporting by Andreas Rinke and Vera Eckert; Editing by Alexander Smith

XM for Uganda: Six Years of Charity Work

Since 2017, when XM initiated the first humanitarian actions to help Ugandan children in need, a series of charity events have followed, each dedicated to shaping a brighter future for the less fortunate.

Recently, we had the opportunity to welcome Father Antonios Mutyaba at the XM head office in Cyprus, a truly admirable local priest from the Wakiso district of Uganda, to celebrate our fruitful cooperation and plan our next charity work together. Our first joint action with Father Antonios in 2017 was followed by many more, expanding our humanitarian work to help an ever-growing number of Ugandan children and create equal opportunities for all.

In the past many years, XM has built strong bonds with Father Antonios, who single-handedly ran an orphanage in the Wakiso district to feed, educate and nurture over 400 children. Since then, XM has contributed to the construction and further development of a school building; raised and donated money to the Wakiso local orphanage; as well as joined forces with the charity organisation Loving Hands to support further schools and the education of even more children across Uganda.

Building a brighter world for the generations to come is what we believe in at XM — and this is only possible to achieve with people as devoted to lifelong charity work as Father Antonios.

For Details Click Below !

Reuters :Wall Street drops as shrinking economy brings recession closer

Jul 28, 2022

(For a Reuters live blog on U.S., UK and European stock markets, click

or type LIVE/ in a news window)

* U.S. economy contracts again in second quarter

* Meta Platforms revenue drops for first time

* Qualcomm flags weak smartphone demand

* Indexes down: Dow 0.38%, S&P 0.38%, Nasdaq 0.70% (Updates to open)

By Shreyashi Sanyal and Aniruddha Ghosh

July 28 (Reuters) – U.S. stock indexes fell on Thursday weighed down by gloomy forecasts from Meta and Qualcomm, while an early reading showed the U.S. economy contracted again in the second quarter adding to fears the economy was already in recession.

Fears of runaway inflation and aggressive monetary policy tightening biting into economic growth have spooked markets, after gross domestic product fell at a 0.9% annualized rate last quarter, the Commerce Department said in its advance GDP estimate.

A Reuters survey of economists showed GDP growth likely rebounded at a 0.5% annualized rate last quarter.

“Today’s reading only adds fuel to the fire that we are in or entering a recession,” said Mike Loewengart, managing director at E*Trade from Morgan Stanley.

“While it is certainly on the negative side of estimates, keep in mind that a 1% decrease is relatively small and supports the idea that any recessionary environment will be mild.”

Two consecutive quarters of declines in growth are traditionally considered a recession, but the private research group that is the official arbiter of U.S. recessions looks at a broad range of indicators instead, including jobs and spending.

Worries of a recession hit Meta Platforms Inc META.O shares, which fell 7.6% after posting its first-ever quarterly drop in revenue.

Qualcomm Inc QCOM.O fell 5.3% after it warned that difficult economic conditions and a slowdown in smartphone demand could hit its mainstay handset chips business.

Shares of Apple Inc AAPL.O fell 0.7%, while Inc AMZN.O shed 1.4% ahead of their quarterly reports after market close.

The Nasdaq .IXIC clocked its biggest daily percentage gain since April 2020 on Wednesday after the U.S. Federal Reserve raised interest rates as expected and comments by Fed Chairman Jerome Powell eased some investor worries about the pace of rate hikes.

The U.S. central bank’s tightening cycle has hammered mega-cap stocks as future cash flows, on which valuations of these companies rest, are discounted heavily when rates rise.

At 10:00 a.m. ET the Dow Jones Industrial Average .DJI was down 121.60 points, or 0.38%, at 32,075.99, the S&P 500 .SPX was down 15.35 points, or 0.38%, at 4,008.26, and the Nasdaq Composite .IXIC was down 84.78 points, or 0.70%, at 11,947.64.

Defensive sectors, including S&P 500 utilities .SPLRCU and real estate .SPLRCR gained over 1% each in early trading, pointing to a largely risk-off day.

Ford Motor Co F.N gained 3.5% after reporting a better-than-expected quarterly net income.

Advancing issues outnumbered decliners for a 1.30-to-1 ratio on the NYSE, while declining issues outnumbered advancers for a 1.33-to-1 ratio on the Nasdaq.

The S&P index recorded two new 52-week highs and 30 new lows, while the Nasdaq recorded 38 new highs and 41 new lows.
Reporting by Aniruddha Ghosh and Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta

Link :


Rate hike lifts S. Africa’s rand; CEE FX weaker as ECB verdict buoys euro

Jul 21, 2022 at 2:52 pm GMT

* Turkish cenbank holds rate at 14% despite near 80% inflation

* Rouble sinks ahead of expected rate cut

* South Africa raises main lending rate more than forecast

By Anisha Sircar

July 21 (Reuters) – South Africa’s rand jumped against the dollar on Thursday after a larger-than-expected rate hike by the central bank, while central and eastern European currencies were hit by a stronger euro following the European Central Bank’s first rate rise in over a decade.

The South African Reserve Bank (SARB) raised its main lending rate ZAREPO=ECI by 75 basis points (bps) to 5.50%, compared to predictions of a 50 bps hike, in the bank’s fifth consecutive increase as it tries to keep a lid on inflation.

The languishing rand ZAR= jumped 0.7%, reversing losses of 0.5% from earlier in the day.

“We will likely see the terminal repo rate level get to 6.5%, so there will be quite a bit more tightening in the cycle to come – inflation expectations have started drifting higher, which is what the SARB is concerned about,” said Miyelani Maluleke, macroeconomist at Absa Corporate and Investment Banking.

The yield on the government’s benchmark 2030 bond ZAR2030= rose as much as 1.1 bps following the decision.

Turkey’s lira TRY= continued to hover near December lows, last trading at 17.69 to the dollar, after its central bank stood pat on policy for a seventh straight month.

“Investors’ main hope for a policymaking shift lies in elections due mid-2023,” said Jason Tuvey, senior emerging markets economist at Capital Economics.

“Turkey’s external position remains dire. A wide current account deficit, large short-term external debts and perilously low foreign exchange reserves leave the lira vulnerable.”

The euro rose as much as 0.8% after the ECB delivered a 50 bps rate hike, its first increase since 2011 as it joined global peers in bumping up borrowing costs. Hungary’s forint EURHUF= and the Czech crown EURCZK= were up to 0.2% weaker.

Meanwhile, the Russian rouble RUBUTSTN=MCX fell sharply against the dollar, slipping below 58 ahead of an expected rate cut by its central bank on Friday.

Aggressive monetary tightening and fears of a recession have sent investors scurrying to safer assets such as the dollar, piling further pressure on emerging assets.

Latin American currencies have also weakened this month, with Colombia’s peso COP= leading the way with a decline of 6% so far in July as prices of its top export, crude oil, come under pressure from worries of weaker energy demand and tighter supply resulting from Russia’s war on Ukraine.

Elsewhere in the region, Brazil’s federal tax revenue in June rose 17.96% year-on-year to a record level, official figures showed, boosted by increases in corporate income taxes and oil royalties.

Key Latin American stock indexes and currencies at 1440 GMT:

Stock indexes


Daily % change MSCI Emerging Markets


0.18 .MSCIEF



-1.86 .MILA00000PUS

Brazil Bovespa


-0.82 .BVSP

Mexico IPC


-0.57 .MXX

Chile IPSA


0.06 .SPIPSA

Argentina MerVal


-0.316 .MERV

Colombia COLCAP


-0.23 .COLCAP



Daily % change Brazil real


-0.53 BRBY

Mexico peso


-0.50 MXN=D2

Chile peso


-0.52 CLP=CL

Colombia peso COP=



Peru sol


-0.25 PEN=PE

Argentina peso


-0.15 (interbank) ARS=RASL

Argentina peso


-0.63 (parallel) ARSB=

Reporting by Anisha Sircar in Bengaluru
Editing by Mark Potter



Australia’s central bank says rate rises needed to stop inflationary cycle

Jul 19, 2022 at 11:13 pm GMT

SYDNEY, July 20 (Reuters) – Australia’s top central banker on Wednesday reiterated that further interest rates rises would be needed to stop an inflationary cycle developing, as the bank faces the first independent inquiry into its operations since the 1990s.

In a speech at a business conference in Melbourne, Reserve Bank of Australia (RBA) Governor Philip Lowe said it was crucial that high inflation not feed through to business and household expectations. He suggested rates might need to rise to a neutral level of at least 2.5%, from the current 1.35%.

The warning comes as the newly elected Labor government released details of a long-planned review of the central bank looking into its Board structure, operations and methods of communications with the public.
Reporting by Wayne Cole; Editing by Himani Sarkar

Link below:

My Suggestion!

If you think bigger, then you can earn bigger. This example I usually hear. How much this example is right, I realized after starting Forex trading. We usually live a simple and straight life. We do jobs or small budgeted businesses, because everyone is not a millionaire. But we all want to earn more money. But the problem is, we don’t have extra money and time.
So in my opinion, Forex trading is the only way to earn more money with less investment and less time.
Imagine yourself which business you can start with less than $100. reality is there is no business. Forex trading is the only business. You can research.
So my suggestion to you is,start research into Forex trading. I am sure it will amaze you. how easily you can earn money.
So take a step and start researching about Forex trading. I suggest logging on to You can find a lot of useful information. I will also try to guide you in my articles.

Trading Seminar in Kuala Lumpur

Posted on July 15, 2022 at 9:02 am GMT.

We are excited to announce the upcoming free seminar The Basics of Gold Trading and Elliott Wave Theory in Kuala Lumpur on 20 August 2022, that will cover two topics. It was designed to set the beginner traders on a fast-track towards reaching their trading goals.

Meet our knowledgeable presenting experts:

Imran Zailani, a technical analysis expert at the prestigious Tradepedia academy and a Certified Financial Technician who has been active at the financial market since 2017.

Zulle Razak, a full-time trader with more than 10 years of experience in trading forex, equities and other financial derivatives, the founder of Confluence Technique Academy.

The seminar will start with the session on gold trading essentials where Imran Zailani will teach the attendees how the gold market works and how to trade it successfully. During the second session, which will be presented by Zulle Razak, traders will discover how to map the market effectively based on a combination of the Elliott Wave Theory with Momentum.

As a special offer, all seminar attendees will get a 50% deposit bonus up to $600 and the free Avramis Gold indicator, an effective tool to assess gold price movements and identify market trends as well as optimal enter/exit points.

The event opens its doors to all XM clients in Malaysia. We are looking forward to meeting you and helping you empower your trading strategy!

You can read more about the event click below!

T&Cs apply.

Reasons for forex trading!


Elderd Sawe

May 1, 2022

1: It’s a Large and Global Market

2: Forex trading is Good for Beginners

3: You Can Trade 24 Hours a Day

4: There Are Low Transaction Costs on forex trading

5: You Can Benefit From Leverage

6: Forex trading is a Market With High Liquidity

7: The volatility of the Forex Market

8: You Can Buy or Sell Currency Pairs Depending on the Market

9: There’s Good Technology for Trading

10: Forex trading is Well Regulated

For Complete Article Visit :

10 Major Benefits of Forex Trading