A Look Behind the Fed’s Curtains

Indian Refiners Freeze Domestic Jet Fuel Prices Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by 8.6% in response to tighter supply. In an additional concession to airlines, Indian fuel makers also reduced the price of jet fuel for international flights, the report also said, citing unnamed spokespeople from state-owned refiners. Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. have hiked fuel prices four times...

BMO Says Return Of Mexican Cattle Is "Clear Positive" For Two Beaten-Down Meatpackers Following the USDA's announcement that it will begin lifting the year-long ban on Mexican live cattle imports on Aug. 24, BMO Capital Markets senior equity research analyst Andrew Strelzik called the decision a "key positive" for publicly traded meatpackers Tyson Foods and JBS. The restrictions were imposed to combat the New World screwworm, a flesh-eating parasite that threatens livestock. Restoring Mexican cattle flows should gradually ease tight U.S. supplies, improve slaughterhouse utilization, and support beef-processing margins. "A combination of...

South Korea Has Several Market Rescue Options As Crash Crushes 700,000 Retailer Traders South Korean market authorities are weighing a more aggressive plan to stabilize the Kospi after July's record selloff sent the main equity index slicing through its 50-, 100- and 200-day moving averages like butter. At the center of the meltdown is retail participation in leveraged ETFs tied to Samsung Electronics and SK Hynix, which amplified the selloff and inflicted crushing losses on Korean households. Korean trader had a $5 million stock portfolio ALL IN Samsung and Hynix. It ended very...