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Trump said oil prices are falling rapidly and urged the public to report any retail-level violations.
2026-06-29
Trump said oil prices are falling rapidly and urged the public to report any retail-level violations.
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2026-06-29
Spain will phase out a 7% tax on electricity generation, saying the move will lower residential and corporate power bills and support a shift from fossil fuels to clean energy. The tax will be reduced in stages — 30% in Q3 this year, 40% in Q4, 50% in 2027 and fully abolished in 2028; the government estimates ordinary consumers' electricity bills will fall about 6%.
Spain will phase out a 7% tax on electricity generation, saying the move will lower residential and corporate power bills and support a shift from fossil fuels to clean energy. The tax will be reduced in stages — 30% in Q3 this year, 40% in Q4, 50% in 2027 and fully abolished in 2028; the government estimates ordinary consumers' electricity bills will fall about 6%.
2026-06-29
Nomura’s global FX strategy team says rising market vigilance about possible Japanese intervention is capping USD/JPY gains. They caution the sample is extremely limited but note past episodes — including 2022 and 2024, when Japan intervened twice in a single year — imply the odds of Ministry of Finance intervention increase as USD/JPY approaches the 163 level.
Nomura’s global FX strategy team says rising market vigilance about possible Japanese intervention is capping USD/JPY gains. They caution the sample is extremely limited but note past episodes — including 2022 and 2024, when Japan intervened twice in a single year — imply the odds of Ministry of Finance intervention increase as USD/JPY approaches the 163 level.
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