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The Hang Seng Tech Index rose more than 1%, and the Hang Seng Index rose more than 0.6%.January 10th, ANZ Bank currently expects the Reserve Bank of Australia to cut interest rates in February, but dont get too excited because the upcoming easing cycle will disappoint those who hope for a big rate cut. Adam Boyton, head of Australian economics at ANZ Bank, expects only two rate cuts, the second of which will be in August. If he is right, the RBA will need to work hard to manage disappointment in certain areas of the economy, such as small businesses that have experienced a lot of failures. This will not help home buyers much either. The fact is that the RBA has not raised interest rates as much as other central banks, so there is little room for big rate cuts.The Hang Seng Index in Hong Kong opened up 87.18 points, or 0.45%, at 19,328.07 points on January 10 (Friday); the Hang Seng Technology Index in Hong Kong opened up 23.47 points, or 0.54%, at 4,335.01 points on January 10 (Friday); the CSI 300 Index opened up 32.68 points, or 0.47%, at 7,011.65 points on January 10 (Friday); the H-share Index opened up 11.31 points, or 0.31%, at 3,609.65 points on January 10 (Friday).USD/CNY reported 7.1891, up 5 points (RMB depreciation); EUR/CNY reported 7.4527, down 167 points; HKD/CNY reported 0.92389, down 1.5 points; GBP/CNY reported 8.9045, down 472 points; AUD/CNY reported 4.4931, down 154 points; CAD/CNY reported 5.0359, down 131 points; JPY/CNY reported 4.5961, up 17 points; RMB/RUB reported 13.9473, down 3062 points; NZD/CNY reported 4.0722, down 84 points; RMB/RMB reported 0.62121, down 9 points; CHF/CNY reported 7.9210, down 154 points; SGD/CNY reported 5.2899, down 29 points.Hang Seng Index futures opened up 0.05% at 19,315 points, 74 points higher than the previous session.

Chevron and the Union Meet as the Third Week of the California Refinery Strike Approaches - Official

Charlie Brooks

Apr 12, 2022 09:54

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Tyler Kruzich, a spokesman for Chevron, did not respond to a request for comment.


Monday's meeting is the first in two weeks that the two parties will meet face to face.


Chevron has maintained to operate the 245,271 barrels per day (bpd) facility with managers and supervisors, but has begun recruiting for temporary replacement employees via online classified advertisements.


The adverts specify a salary rate of $70 per hour for temporary replacement employees who will be recruited for up to five months.


"Our staff on-site are rewarded fairly for their time and competence," Kruzich said prior to the two parties meeting.


According to the USW, the national average compensation for a union refinery worker after four years is around $45 an hour.


"They're throwing money to the scabs in an attempt to destabilize our union," White said.


Temporary replacement personnel are often recruited among retirees, former employees, and recent graduates of process operations schools.


The strike started when Chevron's contract bids were rejected twice by Local 12-5.