ICE Announces Update on Murban Crude Oil Futures Ahead of Launch on March 29,…

first_img Previous articleRed Sox to send Royals $2.8 million in Benintendi tradeNext articleHUBUC S’ASSOCIE À IDEMIA POUR LE DÉPLOIEMENT DE CARTES À CVV DYNAMIQUE MOTION CODE™ AFIN DE CONTRIBUER A LA LUTTE CONTRE LA FRAUDE Digital AIM Web Support WhatsApp By Digital AIM Web Support – April 6, 2021 Facebook TAGS  Facebook Local NewsBusiness WhatsAppcenter_img ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–Feb 24, 2021– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced an update on Murban Crude Oil futures. ICE plans to launch ICE Futures Abu Dhabi (IFAD), Murban Crude Oil futures, and related cash settled derivatives and inter-commodity spreads, on March 29, 2021, subject to regulatory approval. Murban futures will go to physical delivery two months ahead. The first Murban futures contract month at launch will be the June contract, which expires at the end of April for physical delivery in June. Today ADNOC, the producer of Murban Crude, announced that it plans to move its Official Selling Price mechanism for pricing its Murban crude sales to be based on the ICE Murban Futures Contract from June 2021. ADNOC confirmed today that its Upper Zakum, Das and Umm Lulu grades will be priced at a differential to the Murban price as set by the Murban futures contract. “With under five weeks until launch, we are working very closely with all our customers, clearing members and partners who intend to be actively involved in Murban futures,” said Jamal Oulhadj, President of ICE Futures Abu Dhabi. “These new contracts will be incredibly beneficial to the energy market, bringing for the first time the ability to hedge Murban price risk. Murban is a highly fungible crude which is imported into almost every country across Asia. It is widely used by refineries, and globally recognized for its consistent quality and stable production volumes, as well as its large number of buyers around the world, and as such we believe Murban futures have an important role to play in global crude pricing.” Contracts traded at IFAD will be cleared at ICE Clear Europe, a leading energy clearing house, and will clear alongside ICE’s global energy futures platform covering oil, natural gas and the environmental complex, allowing customers to benefit from associated margin offsets. About Intercontinental Exchange Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).” Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021. ICE- CORP Source: Intercontinental Exchange View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005601/en/ CONTACT: ICE Media Contact: Rebecca Mitchell [email protected] +44 7951 057 351ICE Investor Contact: Warren Gardiner [email protected] 770-835-0114 KEYWORD: MIDDLE EAST UNITED ARAB EMIRATES INDUSTRY KEYWORD: FINANCE OIL/GAS BANKING ENERGY PROFESSIONAL SERVICES SOURCE: Intercontinental Exchange Copyright Business Wire 2021. PUB: 02/24/2021 08:30 AM/DISC: 02/24/2021 08:31 AM http://www.businesswire.com/news/home/20210224005601/en Twitter Twitter Pinterest Pinterest ICE Announces Update on Murban Crude Oil Futures Ahead of Launch on March 29, 2021last_img read more

The terrestrial arthropod fauna of Cierva Point SSSI, Danco Coast, northern Antarctic Peninsula

first_imgWe report the composition of terrestrial arthropod collections made at Cierva Point Site of Special Scientific Interest, Dance Coast (northern Antarctic Peninsula, 64 degrees 10’S – 60 degrees 57’W), during the 1994/5 and 1995/6 austral summers. A total of 15 free-living micro-arthropod species were found in hand collections and heat extractions of 12 different substrate types, including one Diptera, three Collembala and 11 Acari. In addition, one vertebrate parasitic tick was recorded (Acari, Metastigmata), one probably introduced ”show scorpion fly” (Insecta, Mecoptera), and at least one species of Astigmata (Acari), which may be either parasitic or nidicolous. Greatest diversity was found in mosses-and algal mats (13 species), although within individual samples it was similar (5-6 species per sample) from most low-altitude vegetated or open habitats. Greatest population densities were recorded from mats of the alga, Prasiola crispa. With the exception of vertebrate-associated species, which were obtained from nest material or in the vicinity of bird colonies, mast micro-arthropods were generally distributed, although with widely-varying abundance. Species diversity was slightly lower than, but similar to, that obtained in recent detailed studies of other sites in the maritime Antarctic. This indicates a terrestrial arthropod fauna representative of the maritime Antarctic in general, although two species, the collembolan Isotoma octooculata and the oribatid mite Globoppia loxolineata, were present more widely than reported eleswhere.last_img read more

The cooperation between Booking.com and the Grab platform added fuel to the global race for dominance in the tourism sector

first_imgThe race has started, and it is on this track that new news and “gamechanger” from Booking.com come to us. In any case, the gloves were thrown away, and the race for the huge tourist market began. But the most important thing, the biggest benefit at the end of the whole story, is to get the users themselves who will have a better user experience. The imperative of the mentioned companies is to become a kind of full service for passengers, ie to use as many additional services as possible through one application / service, which complement each other through one trip. From travel, accommodation, public transport, excursions, restaurants, attractions and tourist facilities… all under the slogan one profile, one platform and one unified service. Southeast Asia is visited by 130 million people a year TRIPADVISOR TRANSFORMATION: THE MOST SELLING EXPERIENCES Thus, users of Booking.com’s application will be able to access the services of the Grab platform in Singapore today, in Indonesia and Thailand before the end of the year, and in Cambodia, Malaysia, Myanmar, Vietnam and the Philippines in early 2020. The question everyone is asking is: Why stay only in the accommodation service, when we can use our power and large customer base and offer a much wider range of services to travelers. As a result, they all become direct competitors with each other and enter “someone else’s” yard. The gloves are thrown away. For the first time, the company is trying to offer on-demand transport, and with this move will connect international travelers visiting Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, Vietnam and the Philippines with drivers through an application they already know and trust. It will also remove language and currency barriers that can deter many visitors from using the services of local carriers. By the way, Grab is the leading provider of on-demand transportation services in Asia (Asian “Uber”) and is also the owner of the most famous mobile application in Southeast Asia. Today, the Grab app has more than 152 million mobile downloads and gives users access to over 9 million drivers, retailers and resellers. Grab also has the largest number of land transport drivers in the region, and since its founding in 2012, it has recorded 3 billion trips. Grab also offers the widest selection of on-demand transportation services in the region, and also offers a range of food and package delivery services, in 336 cities in eight states. This initiative synergistically unites the strengths of the two leading companies in the field of technology and travel and marks the first collaboration of Grab with a global online brand in the field of travel from the west with the aim of creating a local experience. AIRBNB FOR NOW REFUSES TO PARTICIPATE IN A NEW ACCOMMODATION RENTAL PROGRAM WITHIN THE GOOGLE SEARCH Bryan Batista, CEO of Booking.com’s transportation department, said: “This time is exciting, people are discovering new ways to explore the world around them. Both we and Grab are pleased to push the boundaries by bringing together our unique strengths to provide added value and provide passengers with real, tangible benefits. Our mission is as simple as it is ambitious, we make it easy for everyone to explore the world. Guided by this, we will continue to test and develop innovative products. By providing our customers with intuitive technology solutions, we give them the freedom to explore, with more choice and personalization than ever before.” AIRBNB ABOLISHES GUESTS FEES TO MAKE MORE COMPETITIVE TO BOOKING It was only a matter of time before these technology giants and leaders in their sectors would use their power to embark on a much larger portion of the tourism pie that is growing year by year. RELATED NEWS: If you are not up to date, read a couple of related news on this topic, attached below. VIDEO: Announcement of cooperation between Booking.com and Grab / Photo: Booking.com AIRBNB AND 23ANDME ASSOCIATE TO POPULARIZE GENEALOGICAL TRIPS GOOGLE BECOMES A STRONGER PLAYER ON THE STAGE OF ONLINE TRAVEL AGENCIES GOOGLE INTRODUCES PRIVATE ACCOMMODATION RENTAL OPTION WITHIN ITS HOTEL RESERVATION APPLICATION BOOKING.COM ENTERS IN PARTNERSHIP TO ENABLE FLIGHT RESERVATIONS IN 7 EUROPEAN COUNTRIES TRIPADVISOR PLANS TO INTRODUCE A LOYALTY PROGRAM TO WIN THE BATTLE AGAINST GOOGLE TRAVEL Interestingly, 70% of the world’s on-demand transport activities take place in Asia, and Southeast Asia and its love of mobile technology are the logical ground for a new challenge of on-demand transport. WiFi networks are already more or less ubiquitous in this region, and smartphone use is projected to triple before the end of 2021. Namely, booking.com, in cooperation with the Grab platform, is introducing an on-demand transport service, giving users of Booking.com’s application access to the largest selection of drivers in 8 Southeast Asian countries. The integration of transportation services, at the request of the Grab platform, into Booking.com’s application is part of a broader strategic partnership between Booking Holdings and Grab. Booking Holdings is investing in Grab, and Grab, in collaboration with Agoda and Booking.com, has introduced hotel reservations directly in its app. HOTELTONIGHT APPLICATION BECAME PART OF AIRBNB Southeast Asia is visited by 130 million people a year, and the collaboration between Booking.com and Grab will provide them with the tools they need to travel as locals, from cashless payments through apps in users’ currencies that are critical to tourists, driver safety. customer service in the language of the user and most importantly all-in-one service – accommodation booking and taxi services through one platform. In the past year, an intense and large global race has begun between Booking.com, TripAdvisor, Airbnb and Google, which have begun to expand the range of their travel services to their customers. Booking.com users can already pre-book taxis in more than 120 countries and rent vehicles in more than 160 countries. Also, although it is still a pilot project, they can purchase and use public transport tickets in six European and Australian cities via the Booking.com app. Collaboration of Booking.com and the Grab platform BOOKING.COM LAUNCHES INDEPENDENT RESERVATION AND ATTRACTIONS WITHOUT THE NEED FOR PREVIOUS HOTEL ROOM RESERVATION BOOKING.COM LAUNCHES BOOKINGSUITE APP STORE. GAME CHANGER IN THE TOURISM SECTORlast_img read more

Indikator poll shows dip in trust, high health focus for govt’s COVID-19 response

first_imgA recent survey by Jakarta-based public opinion pollster Politik Indonesia shows that the economic impacts of the COVID-19 epidemic have caused a declining trend in public trust.Indikator executive director Burhanuddin Muhtadi said that the “significant” waning of public trust in government could be a result of the economic impacts of the health crisis, which had prompted regional administrations to enforce months of quarantine, social distancing and restrictions on economic activities.”When I conducted the regression analysis, I found that the worsening economic condition greatly impacted the public trust in democratic institutions,” Burhanuddin told The Jakarta Post on Wednesday.Regression analysis basically examines the cause-and-effect relationship between a dependent variable and a set of independent variable; it is called “regression” because the method uses historical data.The survey, conducted between May 16 and 18, involved 1,200 respondents across Indonesia regarding their level of trust in President Joko “Jokowi” Widodo, the House of Representatives (DPR), the Regional Representatives Council (DPD), the People’s Consultative Assembly (MPR), the Indonesian Military (TNI), the National Police and the Corruption Eradication Commission (KPK).Compared to Indikator’s previous survey in February, the latest survey shows a dip in public trust. However, the survey’s respondents generally trusted the government, with at least 60 percent checking “strongly trust” or “somewhat trust” in their responses.Read also: Indonesia records spike in COVID-19 cases as govt eases restrictionsThe President’s approval rating remained relatively high at 82.8 percent, dropping by 9.4 percentage points from 92.2 percent in the February survey.The May survey also showed growing dissatisfaction in the government’s COVID-19 response and democracy in general, but not Jokowi.The May survey showed that trust in the DPR declined 14.5 percentage points from 74.6 percent in February to 60.1 percent. Trust in the DPD fared a little better, declining 11.1 percentage points from 74.6 percent to 63.5 percent in May, while trust in the MPR dipped 7 percentage points from 79.1 percent to 72.1 percent.Among law and security institutions, the KPK recorded the lowest level of trust, declining 6.6 percentage points from 81.3 percent to 74.7 percent, followed by the National Police recording a decline of 6.2 percentage points from 85.6 percent to 79.4 percent.The TNI recorded the highest level of trust but saw the largest decline, dipping 9.9 percentage points from 95.4 percent to 85.5 percent.Meanwhile, 74.1 percent of respondents indicated trust in the judiciary, which was not covered in the February survey.Regarding the economic variable, 81 percent of respondents perceived the economic condition in May as “bad”, the worst response recorded since 2004. Indikator’s 2015 survey was the second worst, with 47.9 percent rating the economy as “bad”.Indonesia’s economy grew 2.97 percent in the first quarter of 2020, the lowest since 2001, as household spending and investment growth slowed in response to the outbreak.Read also: COVID-19: Jokowi urges ministry to reach out to poor families amid uneven aid distributionThe World Bank recently revised its growth projection to zero percent for Indonesia if it implemented the large-scale social restrictions (PSBB) for two months amid the severe global economic slowdown and falling commodity prices. It also projected economic shrinkage of 3.5 percent in the worst-case scenario of the PSBB lasting four months.In response to the economic impacts of the health crisis, the government has proceeded with its plan for gradually transitioning to its “new normal” phase in June. The plan involves easing the PSBB and cautiously reopening the economy with strict health protocols in certain regions, including the nation’s capital and COVID-19 epicenter of Jakarta.”The government responded with the ‘new normal’ measure because the economy would be devastated if the strict PSBB measures were to continue. On the other hand, the middle class is urging to continue [with] the PSBB because the previous attempts had [not] succeeded in mitigating the [outbreak],” said Burhanuddin.The May survey showed that 60.7 percent of respondents believed that the government should prioritize public health in its COVID-19 response, whereas 33.9 percent said the government should prioritize the economy.”We should find a solution. If the economy is hit severely, democracy will also be damaged as well. However, the government should not rush to implement the new normal by sacrificing public health,” Burhanuddin said.As of Thursday, Indonesia reported 979 new cases to bring the cumulative total to 35,295 confirmed cases, with 12,636 recovered and 2,000 deaths.Topics :last_img read more