MAYHEM MEL NEWS

Crude #American falls 3% and drops to about 93 dollars per barrel https://x.com/ObserverIRQ/status/2117986710919303403?a=LWcxlEz73SC_V_2vAs4&s=20

First “POLITICO Competitive Germany Summit” in Berlin: Woidke Warns of Rising Electricity Prices Due to New Gas-Fired Power Plants – VDA President Müller Calls for a Change in Policy Following the Closures of Schaeffler Plants https://www.axelspringer.com/en/ax-press-release/first-politico-competitive-germany-summit-in-berlin-woidke-warns-of-rising-electricity-prices-due-to-new-gas-fired-power-plants-vda-president-mueller-calls-for-a-change-in

The 2nd Russia–Thailand Investment Forum: Day One BANGKOK, Nov 4, 2026 - The business programme of the 2nd Russian–Thai Investment Forum (RTIF2026) commenced in Bangkok on Oct 30. At the beginning of the official opening ceremony of this major event, dedicated to strengthening economic partnership between the two countries and establishing long-term business ties between Russian and Thai companies, a welcoming address from Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, was delivered to the forum delegates. The Russian Foreign Minister expressed his confidence that the forum would be held in a constructive atmosphere and wished the organisers, participants and guests every success. https://www.bangkokpost.com/thailand/pr/3348589/the-2nd-russiathailand-investment-forum-day-one

New Zealand Dollar Needs a December RBNZ Hike to Staunch the Losses Governor Anna Breman puts the chances of a December rate hike as high, although rising unemployment has cut market conviction and left the kiwi at multi-year lows against the pound. https://www.poundsterlinglive.com/nzd/23834-new-zealand-dollar-december-rbnz-hike-recover

Australian Companies Face Sharp Profit Downgrades Profit forecasts for Australia’s largest companies are being slashed at the fastest rate since the COVID-19 pandemic, as aggressive interest rate rises from the Reserve Bank of Australia threaten to push the economy into a downturn. A wave of earnings downgrades, which began in June, intensified through the annual general meeting season in September and October. Market consensus now expects company earnings on the S&P/ASX 200 Index to grow by less than 7 per cent for the current financial year, a significant drop from the nearly 13 per cent growth forecast just four months ago, according to UBS. This sharp deceleration mirrors the period when COVID-19 fears gripped markets in March 2020 https://www.sharecafe.com.au/2026/11/04/australian-companies-face-sharp-profit-downgrades/

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Colombia’s mining rules reset puts billions back in play Colombia has scrapped two major mining restrictions imposed under former president Gustavo Petro, potentially reopening millions of hectares to exploration and unlocking billions in investment under President Abelardo de La Espriella. https://www.mining.com/colombias-mining-rules-reset-puts-billions-back-in-play/

https://www.livemint.com/opinion/online-views/new-zealands-central-bank-just-made-a-grave-error-fed-chair-kevin-warsh-should-learn-from-it-11793703568609.html