Category: 3. Business

  • Malaysian palm rises for the week on strong rival oils, Indonesia levy plan

    Malaysian palm rises for the week on strong rival oils, Indonesia levy plan

    Malaysian palm oil futures fell on Friday on profit taking, but posted a weekly gain on strength in rival edible oils on the Dalian and Chicago exchanges and Indonesia’s plan to raise its palm oil export levy.

    The benchmark palm oil contract FCPO1! for March delivery on the Bursa Malaysia Derivatives Exchange lost 5 ringgit, or 0.12%, to 4,038 ringgit ($992.14) a metric ton at closing.

    The contract gained 1.18% for the week.

    “Lots of profit-taking activities going on (today) after the sudden rally on Indonesia levy increase rumours. The profit taking starts after Dalian close firm drawing a selloff at the high of the week,” said a Kuala Lumpur-based trader.

    Indonesia will likely increase its palm oil export levy to support the country’s biodiesel mandate, energy ministry official Eniya Listiani Dewi told reporters, citing tightening funds.

    Dalian’s most-active soyoil contract (DBYcv1) rose 0.33%, while its palm oil contract CPO1! was up 0.6%. Soyoil prices on the Chicago Board of Trade (BOc2) gained 0.51%.

    Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market.

    Palm oil FCPO1! is biased to retest support at 4,024 ringgit per metric ton, as it failed to break resistance at 4,074 ringgit, Reuters technical analyst Wang Tao said.
    Source: Reuters


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  • The Nuanced Role of Government Credit in Monetary Policy Transmission

    The Nuanced Role of Government Credit in Monetary Policy Transmission

    Summary

    We investigate the role of government credit in monetary policy transmission, using detailed credit registry data from Brazil. We find that government direct credit can effectively support small and medium-sized enterprises (SMEs) in a tight monetary policy environment, aligning with developmental objectives. But it comes at the cost of diminishing the overall effectiveness of monetary policy transmission. We also uncover complexities introduced by government-subsidized lending, where the impact of monetary policy transmission is influenced by factors such as credit market segments, lending relationships, and prevailing monetary policy conditions. These insights provide valuable guidance for policymakers on the transmission of monetary policy and the trade-offs involved in government credit programs.

    Subject: Bank credit, Central bank policy rate, Collateral, Credit, Financial institutions, Financial services, Loans, Money

    Keywords: Bank credit, Brazil, Central bank policy rate, Collateral, Credit, earmarked credit, emerging market, government banks, government direct credit, Loans, Monetary policy, SME

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  • Vendor Applications and Sponsorship Opportunities Now Open for 2026 Sonoma’s Tuesday Night Market!

    Vendor Applications and Sponsorship Opportunities Now Open for 2026 Sonoma’s Tuesday Night Market!

    The City of Sonoma is excited to announce that vendor applications and sponsorship opportunities for the 2026 Sonoma’s Tuesday Night Market season are now open! The market, held in the historic Sonoma Plaza, is a beloved weekly tradition bringing together thousands of visitors to shop, dine, and connect with local farmers, artisans, and businesses.

    Vendor Applications:
    Join the vibrant community of farmers, food purveyors, artisans, and non-profit organizations that make Sonoma’s Tuesday Night Market a highlight of the season. Applications are now available for:

    The market runs every Tuesday from May through September 8th, 5:00 p.m. – 8:00 p.m.

    For more information, contact Market Manager Jerry Wheeler at manager@sonomastuesdaynightmarket.com or call 707-974-0216. Don’t miss your chance to showcase your products and connect with the community!

    Sponsorship Opportunities:
    Support Sonoma’s Tuesday Night Market while gaining visibility for your brand! Choose from exciting sponsorship packages, including:

    • Bicycle Valet Sponsorship ($3,500): Promote sustainable transportation and connect directly with market attendees.
    • Stainless Steel Wine Cup Sponsorship ($15,000): Provide reusable drinkware and enjoy extensive promotional benefits.
    • Music Sponsorship ($1,300): Sponsor live music and have your brand featured on signage and during announcements.
    • Stage Power Sponsorship ($3,000): Keep the performances going while showcasing your support.
    • Green Sponsor ($4,000): Champion eco-friendly initiatives with prominent recognition.
    • EBT Market Match Sponsorship ($3,000): Help make fresh produce accessible to everyone while supporting local agriculture.
    • Zucchini Race Sponsor ($3,000): Be part of this fun, creative community event.
    • Reusable Water Bottle Sponsorship ($11,500): Align your brand with sustainability through high-quality branded water bottles.
    • Stainless Steel Wine Cup Sponsor ($15,000)Outfit the community with commemorative stainless-steel reusable wine or beer cups that will last for years to come (to be distributed at the beverage booth).

    Each sponsorship offers pre-market, event, and post-market promotional opportunities, as well as the first right of refusal for the 2027 market season.

    About Sonoma’s Tuesday Night Market:
    Experience the best of Sonoma every Tuesday evening at the historic Sonoma Plaza. From fresh fruits and vegetables to local honey, baked goods, and artisan crafts, the market celebrates everything grown, raised, and made locally. Enjoy live music, a variety of food stands, and the company of friends and neighbors in a beautiful outdoor setting.

    Act now to secure your spot or sponsorship! Visit Sonoma’s Tuesday Night Market website for detailed information, applications, and more. Let’s make the 2026 season one to remember!


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  • Westrick, E. R. & Ward, W. T. Adolescent idiopathic scoliosis: 5-Year to 20-Year Evidence-based surgical results. J. Pediatr. Orthop. 31, S61–S68. https://doi.org/10.1097/BPO.0b013e3181fd87d5 (2011).

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  • Klepps, S. J., Lenke, L. G., Bridwell, K. H., Bassett, G. S. & Whorton, J. Prospective comparison of flexibility radiographs in adolescent idiopathic scoliosis. Spine 26, E74–E79. https://doi.org/10.1097/00007632-200103010-00002 (2001).

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  • Watanabe, K. et al. Intraoperative spinal cord monitoring during intraoperative halo-femoral traction in scoliosis surgery. Spine 32, E849–E852. https://doi.org/10.1097/BRS.0b013e318074da84 (2007).

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  • Julien-Marsollier, F. et al. Benefits of a spine team for the surgical management of paediatric scoliosis. Orthop. Traumatology: Surg. Res. 103976. https://doi.org/10.1016/j.otsr.2024.103976 (2024).

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  • Burton, D. C., Asher, M. A. & Lai, S-M. The selection of fusion levels using torsional correction techniques in the surgical treatment of idiopathic scoliosis. Spine 24, 1728. https://doi.org/10.1097/00007632-199908150-00015 (1999).

  • Ilharreborde, B., Sebag, G., Skalli, W. & Mazda, K. Adolescent idiopathic scoliosis treated with posteromedial translation: radiologic evaluation with a 3D low-dose system. Eur. Spine J. 22, 2382–2391. https://doi.org/10.1007/s00586-013-2776-7 (2013).

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  • Yagi, M., Takemitsu, M. & Machida, M. Chest cage angle difference and rotation of main thoracic curve are independent risk factors of postoperative shoulder imbalance in surgically treated patients with adolescent idiopathic scoliosis. Spine 38, E1209–E1215. https://doi.org/10.1097/BRS.0b013e31829e0309 (2013).

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  • Learch, T. J., Massie, J. B., Pathria, M. N., Ahlgren, B. A. & Garfin, S. R. Assessment of pedicle screw placement utilizing conventional radiography and computed tomography: A proposed systematic approach to improve accuracy of interpretation. Spine 29, 767–773. https://doi.org/10.1097/01.BRS.0000112071.69448.A1 (2004).

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  • Lenke, L. G. et al. Adolescent idiopathic scoliosis: a new classification to determine extent of spinal arthrodesis. J. Bone Joint Surg. Am. (2001).

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  • Update to recall of specific batches of SMA Advanced Follow On Milk (Update 3)

    Update to recall of specific batches of SMA Advanced Follow On Milk (Update 3)


    Update to recall of specific batches of SMA Advanced Follow On Milk due to possible presence of cereulide (Update 3)


    Friday, 09 January 2026








    Alert Summary
    Category 1: For Action
    Alert Notification: 2026.01 (Update 3)
    Product Identification: SMA Advanced Follow-On Milk; pack size: 800g
    Batch Code 51890742F2; expiry date: Jul-27


    Message:
    Further to FSAI food alert 2026.01, FSAI food alert 2026.01 (Update 1) and FSAI food alert 2026.01 (Update 2), the correct expiry date for the above batch of SMA Advanced Follow-On Milk is July-27. 

    Recall notices will be displayed at point-of-sale. 

    Questions and answers. 

    Nestlé is advising its customers that have purchased any of these batches to contact them: 

    Via its online form, sharing a photo of the product and the batch code: www.nestle.co.uk/en-gb/getintouch

    By calling its careline on 1800 931 832. 

     


    Nature Of Danger:
    Cereulide toxin is produced by the bacterium Bacillus cereus. The toxin may be pre-formed in a food and is extremely heat resistant. Consumption of foods containing cereulide toxin can lead to nausea and severe vomiting. Symptoms can appear within five hours. The duration of illness is usually 6 to 24 hours.



    Action Required:

    Manufacturers, wholesalers, distributors, caterers & retailers:
    Retailers are requested to remove the implicated batches from sale and display recall notices at point-of-sale. 

    Wholesalers/distributors are requested to contact their affected customers and recall the implicated batches and provide a point-of-sale recall notice to their retailer customers. 

    Consumers:
    Parents, guardians and caregivers are advised not to feed the implicated batches to infants or young children. 










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  • Hedge Funds Turn More Bullish on Oil Amid Venezuela, Iran Unrest – Bloomberg.com

    1. Hedge Funds Turn More Bullish on Oil Amid Venezuela, Iran Unrest  Bloomberg.com
    2. Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus  Reuters
    3. Oil rises as market focuses on Venezuela and US sanctions plans  Business Recorder
    4. Natural Gas and Oil Forecast: Oil Rebounds on Risk Premiums, Gas Stays Range-Bound  FXEmpire
    5. WTI encounters resistance close to the 50-day SMA and drops below the $58.00 mark  Bitget

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  • Northern Virginia District | Washington Boulevard week-long right lane closure over I-66 in Arlington Jan. 12-18

    Northern Virginia District | Washington Boulevard week-long right lane closure over I-66 in Arlington Jan. 12-18





    Northern Virginia District | Washington Boulevard week-long right lane closure over I-66 in Arlington Jan. 12-18 | Virginia Department of Transportation













































    Last updated: January 9, 2026



    Please note that this file is not ADA compliant. Choose one of below options:






    ©
    Copyright , VDOT. All rights reserved



























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  • US Department of Labor files amicus brief clarifying legal framework for pension risk transfers

    US Department of Labor files amicus brief clarifying legal framework for pension risk transfers

    WASHINGTON – The U.S. Department of Labor today filed an amicus brief seeking to clarify the proper constraints and liberties that apply when a business decides to derisk by transferring its pension plan liabilities to an annuity provider. 

    Filed as part of an ongoing effort to stop regulation by litigation, the brief in Konya v. Lockheed Martin, No. 25-2061, reiterates the appropriate standards for derisking transactions known as pension risk transfers. 

    Today’s amicus brief marks the department’s first public position on pension risk transfer since a wave of class action litigation began in 2024. In the brief, the department said fiduciaries enjoy deference a long as they engage in the pension risk transfer process in a way that demonstrates prudence and loyalty. The department also explained that plaintiffs in the case misapplied retirement law and three decades of departmental guidance by claiming Lockheed breached its fiduciary obligations under the Employee Retirement Income Security Act through their pension risk transfer transactions.

    “The Department acted today to protect the voluntary employee benefit system as Congress intended,” said Deputy Secretary of Labor Keith Sonderling. “ERISA expressly provides an off-ramp for employers making the business decision to annuitize their defined benefit obligations. The ability to engage in PRTs is necessary to ensure that employers will continue to offer quality retirement benefits to American employees in the first place.” 

    “Our amicus brief reinforces ERISA as law of process in which plan fiduciaries have discretion and flexibility to make informed judgment calls,” said Assistant Secretary of Labor for Employee Benefits Security Daniel Aronowitz. “ERISA does not allow hindsight second-guessing or Monday-morning quarterbacking of discretionary fiduciary decisions.”

    In its amicus brief, the department stated that “when left unencumbered, PRTs benefit employers and participants/beneficiaries alike, which is why ERISA provides for them (and the Secretary supports business’ right to engage in them). When PRT decisions are forced through the crucible of federal-court litigation, however, those upsides are (at best) obstructed or (at worst) obliterated … if employers are thwarted from conducting PRTs because of the ever-present specter of litigation, the delicately calibrated balance Congress established between federal and state regulatory prerogatives will deteriorate.”

    The brief explains the plaintiffs lack Article III standing to sue, because they have received all the benefits they are owed and there is no evidence whatsoever of impending default. The department also made clear that the decision to enter a pension risk transfer is a settlor function reserved for the plan sponsor. As a result, it does not implicate fiduciary duties under ERISA, which are only triggered when the plan sponsor chooses an annuity provider. 

    The brief also clears up the plaintiff bar’s misinterpretation of longstanding departmental guidance spelling out the process plan sponsors can use to select an annuity.

    Read the department’s amicus brief in Konya v. Lockheed Martin.

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  • Compliance Outreach on Regulation S-P

    The Securities and Exchange Commission is holding its third and final outreach event to help firms comply with amendments to Regulation S-P. This hybrid event is geared toward small firms, whose compliance date is upcoming on June 3.

    Please register in advance for in-person attendance. For online attendance, advance registration is preferred but not required. The livestream will be available on this page on the day of the event. Questions may be submitted in advance on the registration page.

    These Regulation S-P compliance outreach events have been tailored for each registrant type and scheduled according to their corresponding compliance deadline as published in the Regulation S-P rule amendments.

    Staff from the Division of Examinations, Division of Investment Management, and Division of Trading and Markets will cover the new Regulation S-P compliance obligations, discuss what to expect when interacting with an exam team during an examination, and answer any remaining compliance questions. The event also will include a workshop where examination staff will engage in an Incident Response tabletop discussion, review a sample document request list, and demonstrate a mock examination session.

    AGENDA

    Panel A: Historical discussion of Regulation S-P and the rule’s new provisions
    This panel will discuss the history of the regulation, including an overview of core aspects of the regulatory framework and discussion of past risk alerts on the subject. The panel will also discuss the rule amendments, which entities are subject to the Regulation S-P Amendments, incident response program expectations, and SEC perspectives on the monitoring process. There will also be a discussion on the expected format and production requirements for notices to customers by the entities.

    Panel B: Exams’ approach moving forward, including a discussion of potential Risk Alerts and other SEC publications
    This panel will provide SEC perspectives on the examination lifecycle for entities subject to Regulation S-P, including the expected maintenance and production of certain policies, procedures, books, and records.

    Panel C: Examination Workshop
    Examination staff will engage in an incident response tabletop discussion, review a sample document request list, and demonstrate a mock examination session.

    Q&A
    The panelists will answer pre-submitted and live audience questions.

    MATERIALS

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