Representative Image Gold prices strengthened on Monday, as news of some Western nations planning to officially ban imports of the metal from Russia for its invasion of Ukraine sparked interest in bullion.a Spot gold rose 0.8% to $1,839.79 per ounce by 0721 GMT. U.S. gold futures were up 0.6% at $1,840.50. ”The G7 import ban on Russian gold seems to be providing some short-term support in early Asia (trading),” OANDA senior analyst Jeffrey Halley said. ”However, it is mostly a rubber stamp exercise in reality for the grouping, and I do not expect this to mark a structural change in the supply/demand outlook that will underpin prices.” Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanction squeeze on Moscow and cut off its means of financing the invasion of Ukraine. Close ”The headline will be quickly digested, and the market should go back to its tug of war between higher front-end rates, … [Read more...] about Gold gains as G7 nations plan to ban bullion imports from Russia
Share to Twitter Share to Linkedin Proppant consists of sand-sized particles injected with frac fluid during a fracking operation. In shale oil and gas wells, the frac fluid is usually water with some friction reducer (like soap) added to lower the frac pumping pressure. The purpose of proppant is to stop the induced fractures in the reservoir from closing after fracking stops and the elevated pressure fades away. In shale oil and shale gas wells, the proppant used is a mix of 100-mesh sand and 40-70 mesh sand, and these grains are both smaller than a millimeter across. Such small sand particle sizes are necessary for sand to be carried through narrow fractures in a fracture network created by the fracking operation. Larger sand would plug the network and not be injectable – that was found out in the early days of the shale revolution. Typically, horizontal wells in shale are two miles long and are pumped with 40 separate fracking operations or … [Read more...] about Proppant Movement In Frac Casing Has Been Nailed Down, But How Important Is It Really For Shale Wells?
Share to Twitter Share to Linkedin Topline The White House announced the largest shipments of baby formula to the U.S. to date Wednesday as part of its campaign to combat a nationwide shortage of baby formula, sourcing a total of 23 million eight-ounce bottles worth of formula from Mexico, Germany and Australia. Key Facts The formula will be transported to Fort Worth , Texas, Los Angeles and Philadelphia in four separate shipments between June 24 and July 5, the White House announced Wednesday. The Biden administration’s Fly Formula operation has so far expedited imports of the equivalent of 15.15 million eight-ounce bottles. The formula – from companies Nestlé, Gerber and Bubs Australia – will be available at Target, Albertsons, Kroger, Walmart, online through Gerber.com and from other retailers, the White House announced in a statement. Key Background Biden launched the Fly Formula missions last month, in response to … [Read more...] about Biden Administration Importing 23 Million Bottles Of Baby Formula Into U.S. in Biggest Step Yet To Combat Nationwide Shortage
Share to Twitter Share to Linkedin Inflation and supply chain uncertainties notwithstanding, few issues pose a greater challenge to leaders today than staffing: attracting and holding on to talent. With the number of U.S. job vacancies nearly double the number of job seekers , virtually every organization faces the same challenge. That’s why it’s important not to overthink things. When leaders do, they often end up ignoring the obvious: in this case, that the solution to people issues may be as simple as how you treat people. I’ll explain. During a series of international flights recently, I had time to do a lot of reading, including a number of business and journal articles on employee retention. I was struck by how similar most of them were. A very thoughtful article published by CIO.com, for example, typical of the genre, offered 10 strategies for retaining top talent . Among the suggestions: start with the recruitment process and “identify … [Read more...] about The Most Important Thing You Can Do To Keep Your Talent
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × With his steadfast focus on R&D, PR Venketrama Raja has played a pivotal role in steering the Ramco Group, which has interests ranging from cement to IT services, and winning recognition for its products and services. PRV, as he is known in industry circles, established Ramco Systems with the goal of creating a world-class information technology company focused on enterprise applications and emerging technologies. For him, institution-building is far more important than playing the valuation game. Quiz him on his favourite company in the group and he says Ramco Cement , Ramco Systems and Rajapalayam Mills are equally important. In a free-wheeling interaction with Moneycontrol at the Ramco Systems office in Chennai, the Group Chairman opened up on a range of topics. Edited … [Read more...] about All our companies are equally important for us: Ramco Group’s Venketrama Raja
Share to Twitter Share to Linkedin On May 25, 2022, Judge Greaves of the Tax Court issued a Memorandum Decision in the case of Martha L. Albrecht v. Commissioner T.C. Memo 2022-53 which shows why a well written thank you letter, even from a public charity, is so important. Martha L. Albrecht gave a large collection of Native American jewelry and artifacts to the Wheelwright Museum of the American Indian late in 2014. The Museum and Mrs. Albrecht executed a Deed of Gift which recited the terms of donation and the items being donated and referred to a “Gift Agreement,” but no such agreement was provided by the Museum. Mrs. Albrecht listed the fair market value of the donated jewelry and artifacts as a charitable income tax deduction on her 2014 Form 1040. The IRS denied the deduction on the basis that the high level of substantiation requirements on charitable gifts, and the Tax Court upheld the denial. This denial is a result of the Museum not writing a good … [Read more...] about Why It Is Important To Write A Good Thank You Letter
- A + A LONDON (June 26): Britain, the United States, Japan, and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday. The ban will come into force shortly and apply to newly mined or refined gold, the government statement said ahead of a meeting of Group of Seven leaders in Germany on Sunday. The move will not affect previously exported Russian-origin gold, it added. Russian gold exports were worth £12.6 billion (US$15.45 billion) last year and wealthy Russians have recently been buying bullion to reduce the financial impact of Western sanctions, the government said. "The measures we have announced today will directly hit Russian oligarchs and strike at the heart of Putin's war machine," Prime Minister Boris Johnson said in the statement. "We need to starve the Putin regime of its funding. The UK and our allies are doing just that." The … [Read more...] about UK, US, Japan, Canada to ban Russia gold imports
AFP PREMIUM Berlin, Germany ● Sun, June 26, 2022 The United States said Sunday that the G7 group of nations will ban imports of Russian gold with the aim of tightening sanctions screws on Moscow and crippling its war effort in Ukraine. "Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia," President Joe Biden said on Twitter. The measure was initially flagged by Britain as joint action being taken along with fellow G7 members Canada, Japan and the United States. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already subscribed? login Or let Google manage your … [Read more...] about G7 to ban Russian gold imports, choking key market for Putin
Share to Twitter Share to Linkedin At one time it easy to determine which new vehicles were made in America. That would have been any models built and sold by the domestic-brand players, including General Motors, Ford, Chrysler, and certainly American Motors. Then things began to blur in the second half of the 20 th Century as U.S. automakers rebranded and cars built elsewhere in the world to help compete with the flood of fuel-efficient small European and Asian imports reaching our shores. Buick would come to sell cars built by Germany’s Opel, while Chrysler offered renamed Mitsubishis from Japan; Ford’s Capri came from Ford of Europe, and General Motors imported models from both Japan’s Suzuki and South Korea’s Daewoo. The waters would muddy even further as Asian and European automakers built assembly plants of their own in the U.S., the domestic brands moved some production to Mexico and Canada, and parts would be sourced from just about everywhere in … [Read more...] about Do You Know Which Are The ‘Most American’ Cars For 2022?
If you have investments in one or more IRAs, and you are starting a new job with an employer that offers a 401(k) plan, an important question may well arise – should you move your assets from your IRA into your new 401(k)? While the question is a logical one, it rarely arises because IRA “roll overs” generally happen in the opposite direction, with investors moving 401(k) assets into an IRA when they leave a job, or simply to take advantage of the investment freedom that an IRA offers. Nevertheless, there can be some good reasons to move your IRAs into your company’s 401(k). In this article, we’ll look at the pros and cons of this maneuver. Key Takeaways If you are starting a new job with an employer that offers a 401(k) plan, you might be wondering if you can move investments from your IRAs into your new plan. While unusual, this can have some advantages if you want to access your retirement funds early, or defer distributions until you retire. The disadvantage of doing … [Read more...] about Should I Put My IRAs Into My Company’s 401(K)?