Oil prices fell as Asian markets opened on Monday, led by renewed interest in market fundamentals, as Israel and Iran downplayed risks of an escalation of hostilities in the Middle East after Israel’s seemingly minor strike on Iran.
Brent crude futures fell 54 cents, or 0.6%, to $86.75 a barrel at 1218 GMT.
The West Texas Intermediate (WTI) contract for May, which expires Monday, lost 12 cents to $83.02 a barrel. The more active June contract lost 47 cents, or 0.6%, to $81.75 a barrel.
“Economic concerns have once again become a bearish factor in the crude market, with prices coming under pressure due to a large build-up in US inventories and an optimistic Fed that has led to a strong dollar, said Tina Teng, an independent analyst of the market.
On Friday, Austan Goolsbee, president of the Chicago Federal Reserve, became the latest central banker to signal a longer timetable for interest rate cuts as progress on inflation has “stagnated.”
U.S. crude oil inventories increased by 2.7 million barrels, according to Energy Information Administration data from last week. This increase is almost double the expectations of analysts who were counting on an increase of 1.4 million barrels.
Last week, both oil benchmarks posted their biggest weekly losses since February, after Iran downplayed reports of a suspected retaliatory Israeli airstrike on its territory and said it would not had no intention of reacting. Prices fell following this news, after initially rising more than $3 per barrel.
On Saturday, the U.S. House of Representatives passed an aid package to Ukraine and Israel containing measures that would allow the federal government to expand sanctions against Iran and its oil production. Markets ignored the news, however, as the impact of the measures, if adopted, will depend on how they are interpreted and implemented.
Senate consideration of the bill is expected to begin Tuesday.
Iran is the third largest producer in the Organization of the Petroleum Exporting Countries (OPEC), according to Reuters data. Despite a wide range of U.S. sanctions, its oil deliveries have increased due to demand from China and networks outside the U.S. financial system.
ANZ analysts said in a note that volatility in the Middle East would keep oil markets “nervous”.
An explosion at an Iraqi military base on Saturday killed a member of a security force comprising Iranian-backed groups. The force commander said it was an attack, while the army said it was investigating.
Separately, on Sunday, Hezbollah, a Lebanese group supported by Iran, said it had shot down an Israeli drone that was carrying out a combat mission in southern Lebanon.
Israeli forces and the Lebanese armed group Hezbollah have been exchanging fire for more than six months, alongside the Gaza war, fueling fears of a further escalation. (Reporting by Colleen Howe; Editing by Sonali Paul)
Oil prices are falling due to the U.S. crude buildup and concerns about falling interest rates.
Btp short term January 2026, the results of the auction of the fifth tranche
#Btp #short #term #January #results #auction #tranche
Securities worth 2.5 billion euros were placed. The requests amounted to approximately 3.61 billion euros
On Tuesday 23 April 2024 the Ministry of Economy and Finance placed the fifth tranche of the Short term BTPs expiring January 28, 2026 which pays a gross annual coupon of 3.2%.
Of the obligation in question securities were placed for an amount of 2.5 billion eurosat the maximum range – between 2 and 2.5 billion euros – which had been foreseen by the MEF. The requests amounted to approximately 3.61 billion euroswith a coverage ratio (between securities requested and securities issued) of 1.44.
Based on a hammer price of 99.67 the overall gross yield of this bond was set at 3.42%. According to Assiom Forex calculations the net yield of the BTP in question is equal to 2.898%.
In the placement of March 22, 2024 the short term BTP January 2026 achieved a yield of 3.31%; on that occasion the MEF placed securities for 2.75 billion euros, obtaining requests for approximately 4.01 billion euros, with a coverage ratio of 1.46.
I am in the BTP in question circulation of securities for an amount of 10.45 billion euros,
The settlement of the January 2026 short term BTP is scheduled for April 26, 2024.
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Btp short term January 2026, the results of the auction of the fifth tranche
Fraud Scheme When You Become an Accomplice: How to Recognize and Protect Yourself | Business
The expert explains that criminals are constantly looking for ways to legalize money embezzled from companies and private individuals. In such cases, they use third parties to involve them in their activities through fake job advertisements.
Those tempted by them can become so-called money mules. money mule). This is a person who receives money into his bank account from one person and transfers it to another person, or cashes it out and passes it on to fraudsters, often receiving an attractive fee or other benefits.
Personal archive photo/Linas Sadeckas
“Therefore, although a money mule is not an organizer of a financial crime, he becomes an accomplice of criminals, and by allowing other persons to use his account, he risks losing his money as well. All banks consider such reckless behavior risky, therefore they may refuse to carry out monetary operations or transactions, terminate business relations, and a person caught in the traps of criminals may even face legal consequences,” the expert emphasizes.
How to recognize fake job offers?
One key feature is that one of the job functions presented in the ad or during a subsequent interview is related to money transfers. On the other hand, another sign is vaguely defined job functions and no contact person.
“In general, an offer may seem too good to be true.” However, the private person offering the job also often communicates unprofessionally and only online. In addition, you may be asked to provide personal data (such as payment card details) or to pay a registration fee for employment. There is also often pressure to accept the offer immediately”, says L. Sadeckas.
What can fake job ads look like?
One of the possible forms of such a fake job advertisement is offering a certain amount of earnings for viewing YouTube videos and getting likes.
“However, for the opportunity to earn more, you are asked to pay a membership fee or otherwise pay extra. Payment of this fee may result in an abrupt termination of communication. On the other hand, fraudsters may continue to try to extort money, claiming that the tasks were not completed completely or incorrectly, and demanding additional payment for this,” says the Luminor expert.
Another example of a potential fake job ad is telecommuting offers. According to the expert, such offers are usually sent by spam or malicious e-mails. by letters, various internet platforms.
“These offers ask you to use a personal bank account for transfers. It can be claimed that the money is going to charities, invited to become mystery shoppers and, once the funds are collected, transfer them to the appropriate recipient. Monetary bonuses may also be promised for each transfer,” the expert explains.
You should also be alert when dealing with other so-called “job opportunities” or guaranteed employment, says L. Sadeckas.
“Usually, the victim is first contacted by e-mail. by post You may be offered extremely attractive opportunities to start a business or otherwise be guaranteed a job or permanent income. You may be asked to pay in advance for business plans, starting materials, software and to involve other people in the scheme,” emphasizes the Luminor bank expert.
How to protect yourself from fraudsters and avoid falling into their traps?
In this case, according to the expert, one of the most important tips is to simply not accept job offers that directly involve money transfers through your personal bank account. In addition, before responding to a job advertisement, you should take a closer look at the company offering the job and the job itself.
Also, be careful if the potential employer rushes you to take some action or make a decision as soon as possible.
“Also, never disclose information about Internet bank logins, passwords or other confidential information to anyone. For a supposed employer who found you with the help of social networks, such things should not be relevant. If you are not sure about the job advertisement or the requested data, consult with friends or relatives”, advises L. Sadeckas.
If, however, you have fallen into the traps of fraudsters, the expert recommends that you immediately stop any communication with the fraudsters, before saving all information about the alleged employer – contact details, correspondence, etc.
“Also contact your bank as soon as possible and be sure to report the incident to the police.” You can do this on the portal ePoliceafter calling 112 or coming to the nearest police station”, says L. Sadeckas.
#Fraud #Scheme #Accomplice #Recognize #Protect #Business
2024-04-18 03:53:36
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Fraud Scheme When You Become an Accomplice: How to Recognize and Protect Yourself | Business
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