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North Korea's Fuel Prices Soar After China Suspends Exports

North Korea's Fuel Prices Soar After China Suspends Exports

Authored by Tsvetana Paraskova via OilPrice.com,

Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices collected by North Korean defectors. 

At the end of last month, reports emerged that CNPC, the main supplier of diesel and gasoline to North Korea, has suspended fuel sales to North Korea because it is worried that it may not receive payments.

As Farmers Go Broke, John Deere Ramps Up It's Captive Financing Operation To Keep The Ag Party Going

As Farmers Go Broke, John Deere Ramps Up It's Captive Financing Operation To Keep The Ag Party Going

So what do you do when your John Deere and your entire business revolves around selling really expensive equipment to farmers who have been absolutely decimated financially by low crop prices and can no longer convince commercial banks that they're worthy of additional debt needed to buy fancy new tractors?  Well, you take some plays from the automotive industry, that's what.  Here's how it works:

BOJ Plans To Drop Inflation Target At Thursday's Meeting

BOJ Plans To Drop Inflation Target At Thursday's Meeting

The Bank of Japan is finally acknowledging something that Federal Reserve policy makers like San Francisco Fed President John Williams acknowledged months ago, when he published a paper highlighting the growing disconnect between the tightening labor market and consumer prices. As Credit Suisse strategist Burkhard Varnholt explained two months ago, the growing heft of e-commerce companies like Amazon represents a new disinflationary paradigm, weighing on the costs of consumer goods.

What Bond Traders Are Most Worried About Right Now

What Bond Traders Are Most Worried About Right Now

The latest monthly survey of credit investors from Bank of America, released overnight, shows the same familiar paradox we have seen ever since the start of the year: most survey respondents are allegedly scared worried about geopolitics and a concerned that the market is a bubble, and yet at the same time, most are allocating even more assets into what may be the biggest and riskiest credit bubble of them all: junk debt.

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