News

China Debuts Polysilicon Futures Trading in Volatile Market

Dec 25, 2024

(Bloomberg) -- China’s first polysilicon futures debuted on Thursday, as a new hedging tool for a market that has been contending with massive price volatility.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe first day of trading on the Guangzhou Futures Exchange saw prices for the solar-making material on the most-active June contract rally to their upper limit of 44,000 yuan a ton after producers pledged to cut output. The market ended 7.7% higher at 41,5

Bank of Thailand Sees Inflation in 1% to 3% Range Through 2026

Dec 25, 2024

(Bloomberg) -- Bank of Thailand expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput Suthiwartnarueput said, describing the band as appropriate and supportive of the nation’s growth potential.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe central bank chief said the inflation target, which has been kept for a fifth straight year, has “a proven track record of anchoring medium-term inflation expectations” and

Wall Street Split on Turkey’s Likely First Rate Cut in Years

Dec 25, 2024

(Bloomberg) -- Turkey’s central bank is expected to deliver its first interest rate cut in nearly two years on Thursday, with major banks divided on the size of the reduction.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayPolicymakers led by Governor Fatih Karahan will lower the benchmark rate of one week repo to 48.25% from 50%, according to the median estimate in a Bloomberg survey of analysts.Predictions vary in the absence of clear guidance by the central