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Australia CPI set to show sticky inflation, fueling RBA hawkish bets
fxstreet15d ago

Australia CPI set to show sticky inflation, fueling RBA hawkish bets

Australia will release the Consumer Price Index (CPI) report on Wednesday, and it is expected to show inflation rose 3.6% year over year in December, slightly above the previous reading of 3.4%. The monthly CPI is foreseen at 0.7% after posting 0% in November.

#COMMODITIES
CanNor and the Government of the Northwest Territories' Department of Industry, Tourism and Investment sign MOU to strengthen economic development and diversification
benzinga15d ago

CanNor and the Government of the Northwest Territories' Department of Industry, Tourism and Investment sign MOU to strengthen economic development and diversification

VANCOUVER, BC, Jan. 27, 2026 /CNW/ - This is a joint news release between the Government of Canada and the Government of the Northwest Territories.The governments of Canada and the Northwest Territories are working together, in collaboration with Indigenous governments and organizations, to advance projects that support local communities, drive sustainable growth and strengthen the northern economy. As the mining landscape in the Northwest Territories continues to evolve, seizing emerging opportunities will be key to building lasting economic benefits for the North and for Canada as a whole.Today, the Honourable Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for the Canadian Northern Economic Development Agency (CanNor), along with the Honourable Caitlin Cleveland, territorial Minister of Industry, Tourism and Investment, announced a new Memorandum of Understanding (MOU) between CanNor and the Government of the Northwest Territories (GNWT). The MOU is designed to support economic development and diversification in the Northwest Territories, focusing on advancing critical minerals and major infrastructure projects. Under the MOU, both governments will align efforts to support resource development and infrastructure, explore opportunities for more efficient pre-regulatory assistance and coordination for projects, and convene a first-of-its-kind "Northern Indigenous Governments and Development Corporations Project Funding Symposium". Implementation plans and further activities will be identified as the partnership progresses.The agreement establishes a formal partnership between CanNor and the GNWT and supports shared federal and territorial priorities, including those under Canada's Critical Minerals Strategy and the Building Canada Act. By aligning ...Full story available on Benzinga.com

#ECONOMY
thewhig15d ago

Chesapeake Gold Announces Closing of $17.2 Million Bought Deal Public Offering (Over-Allotment Option Exercised in Full) and $2.8 Million Non-Brokered Private Placement with Participation by Eric Sprott

Vancouver, British Columbia–(Newsfile Corp. – January 27, 2026) – Chesapeake Gold Corp. (TSXV: CKG) (“Chesapeake” or the “Company“) is pleased to announce that it has closed its previously announced bought deal public offering (the “Brokered Offering“) of 4,107,225 units of the Company (the “Units“) at a price of $4.20 per Unit (the “Issue Price“) for [...]

#COMMODITIES
Scott Bessent's 'thuggish' talk sent the economy into freefall: analysis
rawstory15d ago

Scott Bessent's 'thuggish' talk sent the economy into freefall: analysis

Treasury Secretary Scott Bessent is bumbling toward wrecking the U.S. economy, Timothy Noah wrote in a blistering analysis for The New Republic published on Tuesday — and one simple economic trend proves it.The breaking point, he argued, was Bessent's bizarre speech at the World Economic Forum, where he pushed, among other things, nonsensical claims about housing and defended President Donald Trump's now-deescalating threats to invade Greenland by saying all the countries criticizing the administration are showing "hysteria.""Bessent previously enjoyed a reputation as the sole grown-up in Trump’s Cabinet," wrote Noah. "But at Davos last week, Bessent engaged in a frantic sort of MAGA minstrelsy, or possibly he converted under duress into a true-believing thug. I’m not sure it matters. But the more Bessent shoots his trash-talking mouth off, the more the dollar’s value falls and the higher the price of gold rises. Probably the best thing Bessent could do right now — for himself, for the dollar, and for your 401(k) — is to shut the f--- up."One figure proves how badly Bessent's behavior is going over with investors, Noah argued: the now-skyrocketing price of gold."As I explained in October ('Gold Is Booming and That’s Really Bad News'), it means people expect higher inflation and are losing faith in the stock market along with the overall health of the economy. In such moments, Wall Street longs for a steady hand at the helm," wrote Noah.And right now, that number is alarming."An ounce of gold rose in price Monday morning to $5,100 per ounce, up from $4,000 per ounce three months earlier," wrote Noah. "For comparison’s sake, when gold was discovered at Sutter’s Mill in 1848, an ounce was priced at $20.67, or about $850 after inflation. That was enough to hurry California into statehood two years later and to triple its population by 1860. Today, an ounce of gold sells for six times that amount, and amateur California prospectors are panning once again for gold. But a much easier path is to invest in gold while the Trump administration trashes the rules-based international order."Ultimately, Noah concluded, economists might want to come up with a new recession metric called "the Bessent," where the Treasury Secretary's number of hostile and combative remarks is a measure of how high economic risk currently is. "The more Bessent makes himself sound like Kristi Noem or Kash Patel, the less confident I will feel about my stock holdings and my job security. Mr. Treasury Secretary, I beg you: Put a sock in it."

#STOCKS#COMMODITIES
Yemeni governorates receive oil derivatives grant to operate power plants
saudigazette15d ago

Yemeni governorates receive oil derivatives grant to operate power plants

ADEN — The Yemeni governorates of Aden, Al-Mahrah, Shabwah, Abyan, Lahij, Hadhramaut, and Socotra have received a grant of oil derivatives to operate electricity generation power plants.The grant supplies fuel to more than 70 power plants across the governorates. It contributes to improving the efficiency of government institutions and stimulating the local economy. By enhancing the reliability of electricity supply, the initiative plays a vital role in improving daily living conditions and supporting commercial activity.The allocation was provided based on needs assessments submitted by the power plants. To ensure that the fuel reaches the final beneficiaries, a committee comprising several Yemeni entities has been formed to supervise and monitor the distribution process.Saudi Development and Reconstruction Program for Yemen (SDRPY) has provided similar grants of oil derivatives in 2018, 2021, and 2022 and continues its support through the current 2026 grant. Since its establishment in 2018, SDRPY has implemented development projects and initiatives across eight key sectors: education, health, water, energy, transport, agriculture and fisheries, government capacity building, and development programs.

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