China's $167 Billion Mega-Dam Promises Boost for Green Finance
A new state-owned entity, China Yajiang Group, set up to lead the 1.2 trillion yuan ($167 billion) Yarlung Tsangpo development in Tibet, could tap bank loans or the bond market, Citigroup Inc. analysts Xiangrong Yu and Xinyu Ji wrote in a note.
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Yahoo
14 minutes ago
- Yahoo
Possible Increase in India's Sugar Exports Weighs on Prices
October NY world sugar #11 (SBV25) today is down -0.02 (-0.12%), and October London ICE white sugar #5 (SWV25) is down -0.50 (-0.11%). Sugar prices today extended this week's slide, with NY sugar posting a 2.5-week low and London sugar posting a 2-week low. Sugar prices are under pressure today due to speculation that India may boost its sugar exports after a Bloomberg report stated that India may permit local sugar mills to export sugar in the next season, which starts in October, as abundant monsoon rains may produce a bumper sugar crop. India's Meteorological Department reported Monday that cumulative monsoon rain in India is 6% above normal as of July 21. More News from Barchart Coffee Prices Rise on Frost Threats in Brazil Frost Threats in Brazil Push Coffee Prices Sharply Higher Signs of Weak Chocolate Demand Undercut Cocoa Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The outlook for higher sugar production in Brazil is also weighing on sugar prices. Datagro said Monday that dry weather in Brazil has encouraged the country's sugar mills to increase their cane crushing, diverting more of the cane crush toward more profitable sugar production rather than ethanol. According to Covrig, Brazil's sugar mills are expected to crush 54% of the available cane in the first half of this month, likely adding 3.2 MMT of sugar into the market. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. That would follow a -17.5% y/y decline in India's sugar production in 2024/25 to a 5-year low of 26.2 MMT, according to the Indian Sugar Mills Association (ISMA). Also, the ISMA reported on July 7 that India's sugar production during Oct 1-May 15 fell -17% y/y to 25.74 MMT. Sugar prices have retreated over the past three months, with NY sugar falling to a 4.25-year low earlier this month and London sugar sliding to a nearly 4-year low, driven by expectations of a sugar surplus in the 2025/26 season. On June 30, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 MMT, with global sugar ending stocks at 41.188 MMT, up 7.5% y/y. Last Friday, NY sugar posted a 1.5-month high and London sugar posted a 1.75-month high, driven by signs of stronger global sugar demand. China's June sugar imports soared by 1,435% to 420,000 MT. Also, President Trump last Wednesday said Coca-Cola agreed to use cane sugar in Coke beverages sold in the US instead of high-fructose corn syrup, which could boost US sugar consumption by +4.4% to 11.5 MMT from 11 MMT currently, according to Bloomberg Intelligence. Sugar prices also have support from reduced sugar production in Brazil. Unica reported last Monday that the cumulative 2025/26 Brazil Center-South sugar output through June fell by -14.3% y/y to 12.249 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. The USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT FAS predicted that India's 2025/26 sugar production would rise +25% y/y to 35.3 MMT due to favorable monsoon rains and increased sugar acreage. FAS predicted that Thailand's 2025/26 sugar production will climb +2% y/y to 10.3 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
14 minutes ago
- Yahoo
Why institutions are wary of Ethereum treasury plays — for now
Firms are raising capital, buying Ether, and betting their share prices will rise. But as the momentum builds, one question looms: is there a lasting investor appetite for Ethereum treasuries? Not among institutions, reckons Matthew Sigel, head of digital assets at VanEck. 'Not yet, but maybe that's where the opportunity is,' he said on a recent episode of The Mining Pod. What began with Michael Saylor's Bitcoin-hodling firm, Strategy, has now spread to Ethereum and other cryptocurrencies. $1.3 billion The most aggressive entrant so far is SharpLink Gaming, an online casino platform that is betting its balance sheet on Ether. Over the last few weeks, the company has amassed more than $1.3 billion worth of Ether as it buys 'tens of millions of dollars' daily, according to Joe Lubin, the CEO of Consensys and Ethereum co-founder,who recently became the firm's chairman. SharpLink and BitMine Immersion Technologies — a little known Bitcoin miner turned Ethereum treasury — are trading at nearly double the value of their Ether holdings. They're not alone. More than 60 companies now hold Ethereum as a reserve asset, collectively owning over 1.8 million Ether or about $6.2 billion. And while that's still less than what the 157 Bitcoin treasury companies hold, it's growing fast. Big gains For Bitwise CIO Matt Hougan, this Ether accumulation is creating a structural imbalance in the market that will spur big gains. 'Since mid-May, exchange-traded products and public companies have bought 2.83 million Ether — 32 times more than what's been newly issued,' Hougan said in a July 22 note to investors. 'No wonder the price of [Ethereum] has soared.' Ethereum has rallied 60%, to about $3,600, in the past 30 days. Ethereum treasury companies have two things going for them, according to market watchers. For one, the space has fewer players than the Bitcoin treasury sector. 'It's less crowded,' said Sigel, which might lure more companies into deploying capital to an Ethereum treasury company. Then there's Ethereum's utility. 'Ethereum is a useful asset,' head of Alpha Strategies at Bitwise Jeff Park said in a July 8 interview on the Wolf of All Streets podcast. 'Bitcoin stores value. But Ethereum is productive — it earns yield.' Cash flow is something traditional investors know, and look for. The market decides Still, analysts are not just cautious, but actively sounding the alarm. Even though Ethereum treasuries are a newer phenomenon, they carry echoes of the same concerns that have dogged the Bitcoin playbook: aggressive 'promote' structures that reward insiders, speculative valuations, and frothy markets driven more by narrative than fundamentals. That hasn't slowed the hype. And as Ether prices continue to soar, the market may soon have to decide: are Ethereum treasury companies a new form of financial innovation — or just the latest speculative trade wrapped in a corporate wrapper? Pedro Solimano is DL News' Buenos Aires-based markets correspondent. Got at a tip? Email him at psolimano@ Sign in to access your portfolio
CNET
15 minutes ago
- CNET
These Faulty Solar Panels Might Get You a Payout. See if You Qualify
Did you ever buy Sanyo brand solar panels or move into a property that already had them installed? Well, if you noticed them getting less effective at producing energy, you might still be able to join a years-old class action settlement that's still accepting claims. Sanyo has been kicking around the electronics market for a long time, making everything from transistor radios to TVs to solar panels for decades. Founded in Japan in the 1940s, it was acquired by Panasonic in 2009 and formally dissolved into that consumer electronics giant by 2011. However, the brand name still matters for various reasons, one of them being a settlement to resolve a class action lawsuit accusing Sanyo and Panasonic of failing to cover a known solar panel defect under its 20-year warranty. While neither Sanyo nor its parent company acknowledged any wrongdoing, the settlement was agreed upon and received final approval in court all the way back in the summer of 2021. Can solar panels save you money? Interested in understanding the impact solar can have on your home? Enter some basic information below, and we'll instantly provide a free estimate of your energy savings. No lenders found matching this criteria It looks like we couldn't find any lenders that matched the provided criteria. Please try again at a later time. Close So why am I telling you this in 2025? Because the deadline to file a claim and get in on this settlement is still years away. If you've had issues with Sanyo solar panels and want to see if you're eligible, keep reading, and for more settlement news, check out if you're eligible for a piece of Cash App's spam texts settlement. Why were Panasonic and Sanyo sued? In the class action suit, Ziccarello v. Sanyo Energy, plaintiffs alleged that Sanyo and Panasonic did not honor delamination issues under their panels' 20-year warranty, despite being aware of the issues. This forced customers experiencing the issue to pay out of pocket for repairs or replacements. Delamination occurs when the layers of a solar panel become detached from each other, and it typically occurs between the glass component of the panel, the encapsulant and the backsheet. When this happens, air and moisture can creep in, speeding up corrosion of the panel and shortening its lifespan. As the plaintiffs in the Sanyo case argued, it can also decrease the energy-capture rate of the panels and increase the risk of house fires. Who qualifies for the Sanyo settlement? In order to be eligible for this settlement class, you'll need to have either purchased the right model of Sanyo solar panel in the past or purchased a property that already included them. The panels covered by the settlement include the ones with model numbers HIP-xxxBA2, BA3 and BA5. Considering Solar Panels? Our email course will walk you through how to go solar By signing up, you confirm you are 16+, will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy . You may unsubscribe at any time. Joining this settlement will require providing proof of ownership, which you can do one of two ways: Show documented proof of when you bought the Sanyo panels, the original purchase price and a copy of the installation contract which should include a model number. Or, you must provide a photo of the affected panel or panels where they've been installed and a photo of the back label from at least one panel, which should include the manufacturer name, model number, date of manufacture and the serial number. If you can't prove your date of purchase, the settlement administrators will presume a date of three months after the date of manufacture on the back label. Considering Solar Panels? Our email course will walk you through how to go solar By signing up, you confirm you are 16+, will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy . You may unsubscribe at any time. How long do I have to join the Sanyo settlement? The settlement period is still pretty wide open: You have until either Dec. 31, 2029, or 20 years after the original purchase date of the Sanyo solar panels, whichever one is earlier. To file a claim, you'll have to print out this official form and mail it to the included address: Ziccarello v Sanyo Energy (U.S.A.) Corp. Claims Class Litigation Administration Support Services P.O. Box 1272 Lancaster, California 93584 How much can I get from the Sanyo settlement? Via this settlement, you can either claim a replacement for your delaminated solar panels or a cash payout, but there are catches to both options. The terms of the settlement don't guarantee that you'll receive exactly the same solar panel, stating that it can vary in size, color, shape, model, manufacturer or power level. Whatever panel you end up with, it will, however, produce the level of power guaranteed under the 20-year Sanyo power warranty. Alternatively, you could choose the cash payout, which will be based on the original purchase price of your panels after depreciation is factored in. This will vary, but to give one example, a panel purchased for $700 a decade ago will net you a $350 payout. For more, see if you qualify for the AT&T data breach settlement.
