…f major exporters are hurting the Japanese economy and PMls have disappointed. We therefore think the Bank of Japan and Ministry of Finance will maintain an expansive policy bias and continue trying to weaken the JPY. We are underweight JPY. ¢ For commodity currencies, the AUD a...
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…85%, with royalties set at 20%, but we also note from fiscal data that the fiscal transfer ratio in oil revenues to the Ministry of Finance appears to drop in years of low oil prices). It may also conflict with non- commercial ventures or strategic aspects of Saudi Aramco. This w...
…elephoned Yoni Koren, the officer who’d been my top aide in the kirva and whom I'd asked to work for me in the Interior Ministry, assuming I now actually got there. I told him to phone Amnon Lipkin and say that I had expected him to answer the fabrications. Not only had he and I...
…rds a civil war. Tribal fighters in the capital of Sanaa, have gained control of key ministries, including the Interior Ministry. Brigades from the Republican Guard—the President’s main forces—have surrendered to tribal fighters east and west of the capital who have succeeded in...