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November 12: Building materials transaction volume was 91,600 tons, an increase of 0.66% compared to the previous trading day. November 11: Building materials transaction volume was 91,000 tons, a decrease of 15.58% compared to the previous trading day. November 10: Building materials transaction volume was 107,800 tons, an increase of 23.77% compared to the previous trading day. November 7: Building materials transaction volume was 87,100 tons, a decrease of 21.03% compared to the previous trading day. November 6: Building materials transaction volume was 110,300 tons, an increase of 17.47% compared to the previous trading day. Last weeks average: Building materials transaction volume was 9.64 tons.November 12th - UK government bonds and the pound sterling underperformed their developed-market counterparts following reports of a potential leadership challenge for Prime Minister Keir Starmer after the budget announcement. Kathleen Brooks of XTB stated in a report that the markets reaction to these rumors was relatively mild, but the risk of political turmoil remains. She said, "Budget concerns, growth issues, and the current political predicament are a toxic mix." The yield on 10-year UK government bonds rose 3.8 basis points to 4.421%.The UK inflation-linked bond auction saw a record £69 billion in subscriptions.November 12th - Analysts at Monex Europe stated that the pounds decline could extend further following news of a potential leadership challenge for British Prime Minister Keir Starmer. According to a Wall Street Journal survey of economists, Thursdays data is expected to show third-quarter economic growth slowing to 0.2% from 0.3% in the previous quarter. If confirmed, this sluggish growth will highlight the challenging backdrop ahead of the autumn budget on November 26th, Monex analysts said. They believe this makes the environment for the pound more challenging, even before the rumors of a leadership challenge for Starmer surfaced.Circle (CRCL.N) expects other income of $90 million to $100 million for the fiscal year, up from its previous forecast of $75 million to $85 million.

Japan's Government Urges Insurers to Cover LNG Ships in Russian Seas

Haiden Holmes

Dec 27, 2022 17:19

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A senior official from the industry ministry stated that the Japanese government has encouraged insurers to assume greater risks in order to continue offering maritime war insurance for liquefied natural gas (LNG) shippers in Russian seas.


The request was made in a letter from the Financial Services Agency and the Agency for Natural Resources and Energy to the country's general insurance organization. The person told Reuters that Tokyo wants to ensure that Japan would continue to purchase LNG from the Sakhalin-2 plant in Russia.


On Monday, three Japanese insurers announced that they are in talks with reinsurers to resume marine coverage of risks related to the conflict in Ukraine, effective the beginning of the following month. The insurers are set to suspend coverage of risks related to the conflict in Ukraine beginning in the month of April.