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According to NHK, Japan is considering adding more than 13.9 trillion yen to its budget.November 17th - Sources familiar with the matter said on Sunday that Airbus appears poised to beat Boeing at the Dubai Airshow to the largest share of a major aircraft order from Dubai Airways. They indicated that Airbus is close to finalizing an agreement to sell approximately 100 A321neo aircraft to Dubai Airways, which is also in talks with Boeing for a smaller order of dozens of 737 MAX aircraft. The sources said Airbuss share in the deal could exceed 100 aircraft, but the final allocation depends on ongoing negotiations.Sources say Airbus is close to reaching an agreement with Dubai Airlines to sell about 100 A321 NEO aircraft, with the possibility of more orders in the future; Boeing (BA.N) is negotiating with Dubai Airlines for a small order of several dozen 737 Max aircraft.On November 17th, local time, on the 16th, Israeli Chief of Staff Zamir visited the Israeli Gaza Division in Rafah, southern Gaza Strip, to chair a situation assessment meeting. He emphasized that the Israeli military must be prepared to swiftly cross the "Yellow Line" and launch a full-scale offensive in Gaza if necessary. Zamir pointed out that the Israeli military currently controls more than 50% of the Gaza Strip, but not the local population. The "Yellow Line" is a line of encirclement and control, and the Israeli military is using control of strategic terrain to prevent Hamas expansion. He stressed that while the current operational progress is underway, the Israeli military must be prepared to swiftly cross the "Yellow Line" if necessary, launch a full-scale offensive in Gaza, and occupy more areas. Currently, Israeli forces are continuously clearing out remaining enemy forces along the "Yellow Line," destroying militants and their underground facilities, while ensuring the safety of troops.Boeing (BA.N) said on November 16 that it will ensure its factories have the capacity to absorb higher production levels before further increasing aircraft output next year, highlighting the aircraft manufacturers cautious strategy after years of production setbacks. The company recently received approval from U.S. regulators to increase monthly production of its 737 aircraft from 38 to 42. Stephanie Popp, head of Boeings commercial aircraft business, said the companys current focus will be on "stabilizing" existing production rhythms before further increases in production.

Oil Prices Surge After Big Weekly Declines; Fed Signals Are Sought

Charlie Brooks

Feb 20, 2023 14:36

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Oil prices increased on Monday, recouping a portion of recent losses, despite continued pressure from concerns over increasing interest rates and declining demand ahead of additional Federal Reserve monetary policy guidance.


Fears of further policy tightening increased as a result of higher-than-anticipated U.S. inflation and hawkish remarks from some Federal Reserve officials. Crude oil prices were suffering severe losses from the previous week.


This year, rising interest rates are anticipated to stifle economic activity, which might lead to a decline in oil demand.


Around 21:44 ET, Brent oil futures increased 0.3% to $83.41 per barrel, whereas West Texas Intermediate crude futures increased 0.5% to $76.90 per barrel (02:44 GMT). Last week, both contracts declined by almost 4 percent.


This week's main focus is on the Fed's February meeting minutes, due on Wednesday. Throughout the meeting, the central bank maintained its hawkish language, and the minutes are likely to reflect this.


This week, a number of Fed speakers and a reading on the personal consumption expenditures index - the Fed's favored inflation indicator - are likely to give additional light on monetary policy.


Increasing indications of a U.S. supply surplus depressed oil prices, as the nation recorded significantly larger-than-anticipated inventory increases the previous week. Meanwhile, the federal government announced the sale of 26 million barrels of crude oil from the Strategic Petroleum Reserve.


From the beginning of the year, crude oil prices have struggled amid mounting concerns about a global economic slowdown as the impact of significant interest rate hikes begin to be seen.


Yet, oil bulls continue to anticipate a rebound in China as the country emerges from three years of COVID restrictions. According to the OPEC and IEA, an economic recovery in the world's largest oil importer is expected to drive petroleum consumption to historic highs this year.


The People's Bank of China kept its key mortgage interest rates at historical lows on Monday, as the government strives to bolster economic development with additional stimulus measures.


But, China's economic statistics has thus far depicted an average image of growth.


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