MT | Jotup

Daqo New Energy Announces Unaudited Fourth Quarter and Fiscal Year 2023 Results

Retrieved on:

Wednesday, February 28, 2024

Revenues were $477.1 million, compared to $484.8 million in the third quarter of 2023 and $864.3 million in the fourth quarter of 2022.

Key Points:

Revenues were $477.1 million, compared to $484.8 million in the third quarter of 2023 and $864.3 million in the fourth quarter of 2022.
Gross margin was 18.3%, compared to 14.0% in the third quarter of 2023 and 77.4% in the fourth quarter of 2022.
Operating margin was 17.5%, compared to 4.6% in the third quarter of 2023 and 72.1% in the fourth quarter of 2022.
EBITDA margin (non-GAAP) was 26.9%, compared to 14.5% in the third quarter of 2023 and 75.0% in the fourth quarter of 2022.

ClimeCo Launches EcoCommitted Partner Program to Allow Small, Midsize Businesses to Easily Offset Their Carbon Footprints

Retrieved on:

Tuesday, February 27, 2024

Social media, Climate change, Partner, Luigi, Carbon, Online shopping

BOYERTOWN, Pa., Feb. 27, 2024 /PRNewswire/ -- On the heels of National Entrepreneur Week, ClimeCo, the leading global decarbonization and environmental solutions company, has launched its EcoCommitted Partner Program. This innovative program provides a convenient, cost-effective and valid way for small and midsize businesses (SMBs) to stand out by implementing a sustainability strategy, minimizing their carbon footprint and demonstrating environmental concern and leadership.

Key Points:

BOYERTOWN, Pa., Feb. 27, 2024 /PRNewswire/ -- On the heels of National Entrepreneur Week, ClimeCo , the leading global decarbonization and environmental solutions company, has launched its EcoCommitted Partner Program.
ClimeCo believes that every business is capable of making a difference in the critical fight against climate change.
Through the EcoCommitted Partner Program , businesses can choose from three options based on their size to effectively offset their entire operation for one year by purchasing offset credits from a group of active and validated environmental projects from around the world.
For more information on the EcoCommitted program or to purchase offset credits, please visit https://shop.climeco.com/offset/ecocommitted-partner-program .

Translation Management Systems Market worth $5.7 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, February 19, 2024

The growing demand for real-time translation solutions in today's fast-paced business environment is driving the adoption of translation software.

Key Points:

The growing demand for real-time translation solutions in today's fast-paced business environment is driving the adoption of translation software.
Furthermore, government initiatives promoting digitalization and international trade are fueling the adoption of translation management systems solutions in Asia Pacific.
Top Key Companies in Translation Management Systems Market:
In January 2024, Bosch Brazil partnered with Oracle to harness Oracle Digital Assistant's (ODA) multilingual capabilities.
Translation Management Systems Market Advantages:
By automating and streamlining translation procedures, TMS lowers human labour requirements, accelerates project turnaround times, and increases overall project management efficiency.

Translation Management Systems Market worth $5.7 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, February 19, 2024

The growing demand for real-time translation solutions in today's fast-paced business environment is driving the adoption of translation software.

Key Points:

The growing demand for real-time translation solutions in today's fast-paced business environment is driving the adoption of translation software.
Furthermore, government initiatives promoting digitalization and international trade are fueling the adoption of translation management systems solutions in Asia Pacific.
Top Key Companies in Translation Management Systems Market:
In January 2024, Bosch Brazil partnered with Oracle to harness Oracle Digital Assistant's (ODA) multilingual capabilities.
Translation Management Systems Market Advantages:
By automating and streamlining translation procedures, TMS lowers human labour requirements, accelerates project turnaround times, and increases overall project management efficiency.

Fortuna reports updated Mineral Reserves and Mineral Resources

Retrieved on:

Thursday, February 15, 2024

Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.

Key Points:

Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.
NI 43-101, defined below, reporting requirements do not allow for "Inferred Mineral Resources" to be added to other Mineral Resource categories and must be reported separately.
A qualified person has not done sufficient work to classify the historical estimates as current Mineral Resources or current Mineral Reserves and Fortuna is not treating the historical estimate as current Mineral Resources.
As of December 31, 2023, the Yaramoko Mine has Proven and Probable Mineral Reserves of 0.9 Mt containing 219 koz Au, in addition to Measured and Indicated Resources, exclusive of Mineral Reserves, of 0.5 Mt containing 43 koz Au, and Inferred Resources of 0.16 Mt containing 18 koz Au.

RE/MAX NATIONAL HOUSING REPORT FOR JANUARY 2024

Retrieved on:

Thursday, February 15, 2024

RE/MAX, MD

DENVER, Feb. 15, 2024 /PRNewswire/ -- In what could be a good sign for buyers, the number of newly listed homes in January was a whopping 66.3% higher than in December and 21.5% higher than January 2023 across the 50 metro areas surveyed.

Key Points:

The surge in new listings was combined with year-over-year increases in closed sales and inventory, illustrating that January's housing stats could bode well for the typical spring uptick in home sales this year.
January home sales were 2.5% higher than January 2023, although they were down 19.1% from December, a slightly smaller post-holiday drop than the past two years.
If new listings continue to emerge and interest rates drop a bit over time, 2024 could be a year of great opportunity for buyers and sellers."
January 2024 sales averaged 98% of the listing price, the same as in December and up from 97% one year ago.

Measuring market-based core inflation expectations

Retrieved on:

Thursday, February 15, 2024

Abstract

Key Points:

Abstract
We build a novel term structure model for pricing synthetic euro area core inflation-linked
swaps, a hypothetical swap contract indexed to core inflation.
The model provides estimates of market-based expectations for core inflation, as
well as core inflation risk premia, at daily frequency, whereas core inflation expectations from
surveys or macroeconomic projections are typically only available monthly or quarterly.
We
find that core inflation-linked swap rates are generally less volatile than headline inflationlinked swap rates and that market participants expected core inflation to be substantially
more persistent than headline inflation following the 2022 energy price spike.
In this paper, we aim to infer market-based core inflation expectations, which are otherwise
not directly observable because no financial asset directly tied to core inflation exists.
We deem this second assumption reasonable because HICP inflation itself is a linear combination
of core as well as energy and food inflation.
The level of 2 percent and relatively low volatility of
long-term inflation expectations suggests that inflation expectations are firmly anchored at the
ECB?s 2 percent inflation target.
This assumption appears reasonably uncontroversial,
as core inflation is a sub-component of headline inflation, which the observable headline ILS
rates are tied to.
Our estimates of core ILS rates reflect both market participants? genuine core
inflation expectations and a core inflation risk premium, but our model explicitly allows for
this decomposition.
The model-implied estimates of core ILS rates appear reasonable along several dimensions:
(i) like realized core inflation is less volatile than headline inflation, the core ILS rates are less
volatile than headline ILS rates, (ii) core ILS rates comove less with oil prices than headline
ILS rates, (iii) the core inflation expectations, as reflected in core ILS rates, typically evolve
similarly as the core inflation projections by Eurosystem staff, and (iv) consistent with market
commentary at the time, core ILS rates suggest that market participants expected core inflation
to be substantially more persistent than headline inflation following the 2022 energy price spike.
To the best of our knowledge, we are the first to price core ILS rates and decompose them into
market-based expectations for and risks around the core inflation outlook.
Our approach to inferring core ILS
rates from headline ILS rates, realized headline and core inflation as well as survey expectations
for headline and core inflation is also related to Ang et al.
Relative
to their study, we separately measure core inflation expectations and risk premia, we provide
core inflation expectations at a higher-frequency, and we provide evidence on the causal effects
ECB Working Paper Series No 2908

6

of monetary policy shocks on core inflation expectations and risk premia.
Specifically, we decompose the synthetic core ILS rates
into average expected core inflation over the lifetime of the swap contract and a core inflation
risk premium that compensates investors for core inflation risk.
In
our model below, this term is constant over time and relatively small, so we will simply refer
to the core inflation risk premium as the difference between the core ILS rate and the average
expected core inflation over the lifetime of the swap contract.
3.2
Core ILS rates

To have a joint model for headline and core ILS rates, we need one further assumption on the
dynamics of realized core inflation.
The assumption that core inflation is driven by the same set of factors as headline inflation
should be relatively uncontroversial: since headline inflation is a weighted average of core and
food and energy inflation, it should reflect any factors driving core inflation.
If there are factors
driving food and energy inflation, which do not show up in core inflation, then those factors
should still show up in headline inflation.
In step two, to be able to infer the factor
loadings of core inflation, we would regress realized core inflation onto the estimated latent
factors to identify the additional parameters in equation (12).
Before the fourth
quarter of 2016, the SPF did not ask respondents for their core inflation expectations, so we
are not able to use survey-based information about core inflation before then.
Before
2016, the fitted core inflation series is somewhat above the realized one, potentially reflecting
that the model has limited information about core inflation over this early period due to the
lack of information about core inflation from surveys.
This could have been the
case if one of the factors moved core inflation and energy and food inflation in exactly offsetting
direction, so the overall impact on headline inflation was exactly zero.
During 2021, for example, there were
ECB Working Paper Series No 2908

25

Figure 7: Decomposition of synthetic core ILS rates
2y core ILS

5y core ILS

5
4

5
ILS

premia

exp

4

ILS

premia

exp

3

3

2

2

1

1

0

0

-1

-1

-2
2017 2018 2019 2020 2021 2022 2023

-2
2017 2018 2019 2020 2021 2022 2023

10y core ILS

5y5y core ILS

5
4

5
ILS

premia

exp

4

ILS

premia

exp

3

3

2

2

1

1

0

0

-1

-1

-2
2017 2018 2019 2020 2021 2022 2023

-2
2017 2018 2019 2020 2021 2022 2023

Note: Synthetic core ILS rates decomposed into genuine core inflation expectations and core inflation risk
premia.
ECB Working Paper Series No 2908
26

Figure 8: Decomposition of ILS rates
2y ILS

5y ILS

5
4

5
ILS

premia

exp

4

3

3

2

2

1

1

0

0

-1

-1

-2
2006

2010

2014

2018

2022

-2
2006

ILS

2010

10y ILS

2018

2022

5
ILS

premia

exp

4

3

3

2

2

1

1

0

0

-1

-1

-2
2006

2014

exp

5y5y ILS

5
4

premia

2010

2014

2018

2022

-2
2006

ILS

2010

premia

2014

2018

exp

2022

Note: ILS rates decomposed into genuine core inflation expectations and core inflation risk premia.
We find that the headline inflation risk premium
indeed does responds more strongly than the core inflation risk premium.
The key
assumption underlying our approach is that traded headline ILS rates span core inflation, which
ECB Working Paper Series No 2908

35

should be reasonably uncontroversial as core inflation is a sub-component of headline inflation.
We fit the model to euro area headline ILS rates, realized headline and core inflation, and
both headline and core inflation expectations reported in the SPF.
Decomposing our core ILS rates into genuine core inflation expectations and core
inflation risk premia shows that shorter maturities mainly reflect core inflation expectations,
while the core inflation risk premium matters relatively more for longer maturities.
Our results suggest that a monetary policy tightening surprise significantly lowers
near-term core inflation expectations, although less so than it lowers headline inflation expectations.

Mirasol Doubles the Sobek Copper-Gold Project in Vicuña District, Chile, through Option Agreement with SQM on Adjacent Rosita Property

Retrieved on:

Wednesday, February 14, 2024

NSR, MRZ, Mining, OTC, Heart, Filo, SQM

The SQM Property (“Rosita”) covers 11,500 hectares extending the Sobek Project to the west and to the east, and unifying the Sobek Central block with the Sobek North block which was an important factor in this consolidation.

Key Points:

The SQM Property (“Rosita”) covers 11,500 hectares extending the Sobek Project to the west and to the east, and unifying the Sobek Central block with the Sobek North block which was an important factor in this consolidation.
The eastern portion of the Rosita property positions Mirasol within 3 kilometers of the giant Filo Del Sol Project and the Sobek North block is 3 kilometers from Lunahuasi discovery both within the heart of the Vicuña Copper-Gold district.
“The strategic expansion of the Sobek Project to include the sought after SQM Rosita property firmly secures Mirasol as a key player amongst industry-leading companies in the globally recognized Vicuña Copper-Gold district,” Mirasol’s President and CEO Tim Heenan stated.
Key Terms of the Agreement:
SQM has granted Mirasol the exclusive option to earn 80% of the Rosita Project over 6 years, subject to a 2.0% NSR royalty, by:

Managing the transition to central bank digital currency

Retrieved on:

Wednesday, February 14, 2024

Technical report, Regulation, Private sector, Aircraft, Interest, RTD, Policy, CES, Research Papers in Economics, A.2, The Economic Journal, RTK, International Settlement, F30, Next, A.6, Community business development corporation, A.7, UIP, American Economic Journal, National bank, Paper, Bank, Macroeconomics, Economy, Central bank, GSS, Capital, XF, Elasticity, Government, Competition, Credit, Social science, Volatility, Domestic, European, IH, Investment, A.13, SSRN, Intermediate, A.5, Section 2, AP, Probability, Review of Economic Dynamics, Foreign, Journal of Monetary Economics, Remuneration, Uncertainty, Medical classification, Bank of England, Shock, DF, Bank of Canada, ISSN, CIA, European Central Bank, Survival, RD, FH, KT, N B, Cuore, Monetary economics, Section 3, Welfare, Iteration, DSGE, Blessthefall, Reserve, Website, GBP, Calibration, RDC, Parameter, DCT, GDP, KF, Sokol, Rebelo, Figure, De Nederlandsche Bank, Parity, TFP, Depreciation, Total, BIS, Home, Section 4, Attitude, Acquisition, JEL, Cross, Household, FF, QT, Control, Swiss, Motion, ECB, M. A, GF, A.9, RT, Cattolica, Exercise, C.2, XH, Tax, Crowding, European Parliament, Literature, Reproduction, Political economy, Committee, Exp, E50, Uhlig, EUR, IID, Digital currency, Tourism, American Economic Review, Manuscript, AG, A.8, Research, F41, Friction, Public sector, PDF, U N, YH, Cryptocurrency

Key Points:

Eden Announces $1.4 Million in ARPA-E Awards to Develop Stimulated Geologic Hydrogen Technologies

Retrieved on:

Tuesday, February 13, 2024

The funding is part of the $20M ARPA-E Geologic Hydrogen program, which prioritizes funding new technologies that stimulate generation of hydrogen in the subsurface, with an emphasis on minimizing costs and reducing environmental footprint.

Key Points:

The funding is part of the $20M ARPA-E Geologic Hydrogen program, which prioritizes funding new technologies that stimulate generation of hydrogen in the subsurface, with an emphasis on minimizing costs and reducing environmental footprint.
Eden will develop novel stimulated geologic hydrogen technologies to boost production from iron-rich formations like peridotites and develop game-changing solutions for long-term electrical energy storage in geological formations.
Model predictions reveal that the global geologic hydrogen potential exceeds millions of megatonnes (Mt) , and only a portion of it is capable of meeting the projected hydrogen demand for centuries.
One innovative approach to enhancing permeability in geologic hydrogen reservoirs is through Eden's ground-breaking Electrical Reservoir Stimulation (ERS) technology.