U.S. Rep. Don Bacon, R-Neb., at left, and State Sen. Tony Vargas of Omaha are running for the 2nd District seat in the Omaha-area. (Courtesy of Photos/House of Representatives and Unicameral Information Office) OMAHA — The Democratic Congressional Campaign Committee this week announced reserving $1 million in television and digital advertising time in Nebraska’s 2nd […]
Tag: Reserves
German Defence Ministry plans big boost in army reserves
The German Defence Ministry is planning for a significantly strengthened Bundeswehr or army reserve, to include up to 60,000 men and women, a top official for the army’s reservist affairs told dpa in Berlin. “I am convinced that we must fully adapt the reserve to the current security policy challenges so that it can properly […]
German Defence Ministry plans big boost in army reserves
The German Defence Ministry is planning for a significantly strengthened Bundeswehr or army reserve, to include up to 60,000 men and women, a top official for the army’s reservist affairs told dpa in Berlin. “I am convinced that we must fully adapt the reserve to the current security policy challenges so that it can properly […]
Gold Surpasses Euro, Challenges Dollar Dominance in Global Reserves
ByJan Nieuwenhuijs of Gainesville Coins Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the US dollar. Often […]
Oil giants Exxon, Chevron lean on big-ticket deals to build bigger reserves
By Arunima Kumar and Tanay Dhumal (Reuters) – Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come. The consolidation wave sweeping through the U.S. energy sector that spurred deals worth $250 billion in 2023 shows no signs of […]
Federal Reserve’s preferred inflation gauge eased last month for the first time in 2024
WASHINGTON (AP) — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Friday’s report from the Commerce Department showed that prices, excluding the volatile food and energy categories, rose 0.2% from March to […]
East Ramapo board seeks 1% tax levy hike, with more money coming from reserves
SPRING VALLEY – East Ramapo school district voters will be asked, again, to approve a $331.9 million spending plan for 2024-2025. But the proposed tax levy increase for the re-vote was lowered to 1%. That comes after a budget with a requested 1.99% increase to the tax levy failed on May 21. The board had […]
Warren Buffett-led Berkshire Hathaway posts record $189B in cash reserves
Berkshire Hathaway reported record cash reserves of $189 billion during the first quarter of 2024. File Photo by John Angelillo/UPI May 4 (UPI) — Investor Warren Buffett’s Berkshire Hathaway on Saturday reported first-quarter earnings of $11.2 billion and revealed it is now holding a record-high total $189 billion in cash reserves. The cash reserves are […]
Moscow may seize private US assets in Russia if US seizes frozen reserves, says Putin ally
MOSCOW (Reuters) – Russia may respond to any U.S. confiscation of its currency reserves frozen in the West by seizing the assets, including property and cash, of U.S. citizens and investors in Russia, Dmitry Medvedev, a senior security official, said on Saturday. The U.S. House of Representatives has passed a bill allowing the Biden administration […]
Testimony in hush money case resumes, judge reserves decision on gag order violation
Daily transcripts of Trump’s hush money trial will be made available to the public on the New York court system’s website before the end of the next business day. According to a media release shared by Law360 reporter Frank G. Runyeon, the court calls it a “novel step” towards ensuring “broad and continuous public access […]
Russia’s economy is now so isolated that it has few options other than the Chinese yuan for its reserves
Russia’s central bank says it has few alternatives other than the Chinese yuan as a key reserve asset. The West is tightening its sanctions on Russia. Russia cites the yuan’s rising international role and liquidity as reasons for its choice. Russia’s central bank is feeling the heat from tightening Western sanctions. In a report released […]
Forgotten Gas Reserves Could Be A Gamechanger For European Energy
The California geologist who helped develop one of Europe’s biggest heavy oilfields over two decades ago is back, and this time, he has two things in mind: European energy security and natural gas, the only viable “bridge” fuel for an energy transition. “Not only has Europe been dependent on Russian gas for decades, but that […]