Oil price under the spell of the nuclear negotiations, US inventory drop supports prices

Jun 24, 2015 09:09 am UTC| Commentary

Brent gained by nearly 2% in price yesterday and at just shy of $65 per barrel this morning is right back in the middle of the corridor in which it has been trading over the past two months.The nuclear negotiations with...

Bank of Japan targets inflation rate at 2%

Jun 24, 2015 08:55 am UTC| Commentary

Last night the Bank of Japan (BoJ) published the minutes of its May meeting. As had already been known the majority of central bankers expect the 2% inflation target to be reached during Q2 or Q3 2016. And everyone seems...

Weaker Mexican peso due to USD strength; sound macro policy guidelines

Jun 24, 2015 08:47 am UTC| Commentary

The Mexican peso traded with a slightly weaker tone yesterday on the back of generalized USD strength closing at USD-MXN 15.40. The peso disregarded the explicit guidance of the National Council of Financial Sector...

China to further tighten coal quality controls on 1 July

Jun 24, 2015 08:36 am UTC| Commentary

Chinas move to tighten coal quality, effective 1 January 2015, led to a significant decline in Chinas coal imports in Q1.Coal imports consumed by the domestic market were limited to coal with ash content below 40% and...

New regulation on domestic IDR transactions raises concerns

Jun 24, 2015 08:06 am UTC| Commentary

Regulation BI 17/2015 was issued as part of BIs efforts to clarify and implement Law No. 7 of 2011 on Currency, which requires the use of the IDR for domestic financial transactions. "We believe the new regulation is also...

South Korea to increase coal import tax on 1 July

Jun 24, 2015 07:51 am UTC| Commentary

Indonesias coal exports to South Korea likely to face headwinds on 1 July 2015, when South Koreas revised coal import tax kicks in.The tax, announced on 5 June, will now be KRW 24,000/t (USD 21.36/t) of coal with a...

Indonesian coal producers expect a further margin squeeze

Jun 24, 2015 07:38 am UTC| Commentary

Asosiasi Pertambangan Batubara Indonesia (Indonesian Coal Mining Association) or the APBI-ICMA recently conducted a survey of 59 major coal companies. The survey results were largely in line with our observations following...