Latest news with #MLF
Fibre2Fashion
14 hours ago
- Business
- Fibre2Fashion
China shifts to short-term tools in monetary policy overhaul: Nomura
China is transitioning its monetary policy framework to resemble Western models, focusing on short-term policy rates and reducing reliance on medium-term lending tools. China is reshaping its monetary policy, shifting from the medium-term lending facility to short-term tools like the 7-day reverse repo rate. The PBoC is creating a narrower interest rate corridor and using DR001 as a key benchmark. However, policy transmission remains weak, and open market operations are still developing amid lingering challenges. The People's Bank of China (PBoC) has de-emphasised the one-year medium-term lending facility (MLF), instead elevating the seven-day open market operations (OMO) reverse repo rate as the primary policy rate, according to Nomura. To enhance clarity and improve rate transmission, the PBoC is establishing a narrower interest rate corridor with temporary overnight repo rates acting as the floor and reverse repo rates as the ceiling. The DR001 rate—overnight repo for depository institutions—has emerged as a key interbank benchmark. The shift comes amid growing limitations of the MLF, which has constrained bond market liquidity by tying up large volumes of Chinese government bonds (CGBs) at the central bank. In response, the PBoC resumed direct CGB trading and launched outright reverse repos to manage liquidity more efficiently. Despite this shift, challenges remain. The PBoC does not commit to unlimited lending at the corridor's ceiling. Transmission from policy and interbank rates to bank lending and deposit rates remains weak, with window guidance still critical. Open market operations are also in a formative stage, as shown by the suspension of CGB purchases shortly after resumption. Fibre2Fashion News Desk (HU)
Fibre2Fashion
03-06-2025
- Business
- Fibre2Fashion
PBoC likely to cut key rate further as policy eases, says Fitch
People's Bank of China (PBoC) is expected to make further cuts to its seven-day reverse repo (RR) rate in 2025, following a reduction from 1.5 per cent to 1.4 per cent on May 9, according to Fitch Ratings. The move aligns with the central bank's shift from a 'prudent' to a 'moderately loose' monetary stance, as announced in December 2024. The PBoC also reduced the Reserve Requirement Ratio for large banks to 9 per cent from 9.5 per cent. Fitch has updated its Global Economic Outlook (GEO) to reflect the seven-day RR as China's primary policy interest rate, replacing the Medium-Term Lending Facility (MLF) rate due to structural changes in its implementation. If MLF rate forecasts were applied mechanically, the RR rate could fall to as low as 0.5 per cent by the end of 2025, Fitch said in a press release. Despite a move towards a more price-based policy framework, the PBoC continues to use both price- and quantity-based tools. The central bank reaffirmed the role of the seven-day RR rate as its main policy rate and has created a tighter corridor for interbank rates, with overnight repo and reverse repo operations pegged 20 basis points below and 50 basis points above the RR rate, respectively. PBoC may implement further cuts to its seven-day reverse repo (RR) rate in 2025, following a reduction to 1.4 per cent in May, according to Fitch Ratings. This aligns with its shift to a 'moderately loose' monetary stance. Fitch now considers the seven-day RR as China's main policy rate. Although deep cuts are projected, easing could be constrained by recent US-China trade de-escalation. While aggressive easing is anticipated, the recent easing in US-China trade tensions may moderate the extent of future rate cuts. Fibre2Fashion News Desk (KD)
Yahoo
02-06-2025
- Entertainment
- Yahoo
Media Advisory: Muslim Literary Festival Connects Muslim Writers with Editors, Agents, & Advocates
VAUGHAN, Ontario, June 02, 2025 (GLOBE NEWSWIRE) -- Canada's only literary festival dedicated to Muslim writers is set to return to the Greater Toronto Area on Saturday, June 21, 2025. MLF offers a full day of community networking, industry engagement, talent discovery, and career development, connecting Muslim writers who have long been underrepresented in mainstream publishing with acquiring editors, publishers, and literary agents from all backgrounds. The festival also serves as a vital bridge for Canadian publishing professionals seeking to engage meaningfully with Muslim authors and audiences. With the support of Inspirit Foundation and Canada Summer Jobs as well as sponsors, Simon & Schuster Canada and Halal Fest, MLF aims to help Canadian Muslim writers join a growing movement for diverse, equitable, and inclusive storytelling in the literary world. With a mission rooted in diversity, inclusion, and authentic representation, outside of its annual festival, MLF also supports both emerging and established Muslim writers through year-round curated panels, workshops, and networking spaces designed to foster creative growth and professional development. This year's theme, 'Joyful Narratives & Coexisting Stories,' celebrates the joy found in storytelling, self-discovery, and the writer-reader connection, while honoring the rich, evolving layers of identity that shape and are shaped by every story told. Vaughan Studios & Event Space - 200 Apple Mill Rd (3rd Floor) Saturday, June 21, 2025 from 10:00 a.m. – 5:30 are available here May 1 to June 12 Keynote Speaker: Uzma Jalaluddin is a critically acclaimed, bestselling novelist, playwright, and teacher. She is the author of Detective Aunty, Much Ado About Nada, Three Holidays and a Wedding, Ayesha at Last, and Hana Khan Carries On, which is currently in development for film by Amazon Studios and Mindy Kaling. Poetry Performance and Writing Workshop:Raz Hyder is a Muslim-Canadian-Indo-Caribbean singer/songwriter who has opened for Hasan Minhaj, Mustafa the Poet, Mo Amer, Brother Ali and Shawn Hook. Notable writing and feature collaborations include NARCY, Cat Stevens and Isam B of acclaimed group Outlandish. Abbas Mohamed is a writer, spoken word artist, and community leader. His book, An Opened Heart is a collection of poems chronicling the inner journey of witnessing and giving testimony. Networking and one-on-ones with industry professionals from Simon & Schuster, Transatlantic Agency, CookeMcDermid Literary Management, ECW Press, and more. Media are requested to RSVP to attend the festival. Interviews can be arranged with organizers, speakers, and industry professionals. CONTACT: Contact: Rabeea Saleem - rabeea@ in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Emerita Provides Comments on Announcement Approving Development of Aznalcollar Project, Spain
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the 'Company' or 'Emerita') provides comments with respect to the announcement made on May 30, 2025 by the Minister of Energy and Mines of Andalucia, Mr. Jorge Paradela, that the Junta de Andalucia, through his ministry, has granted the exploitation license to Minera Los Frailes ('MLF') to develop the Aznalcollar project. Spanish independent legal counsel of Emerita has reassured the Company that this announcement will have no bearing on the outcome of the ongoing criminal trial related to the awarding of the Aznalcollar Public Tender (see news release dated March 3, 2025). At the press conference where the announcement was made, no member of MLF was present. The resolution granting the exploitation permit to MLF will not be official until it is published in the official gazette. Since it is an administrative decision, it can be revoked or overturned, particularly when there are several legal proceedings related to the Aznalcollar public tender, including a criminal trial yet to be settled involving several alleged crimes of prevarication and corruption. Further, with respect to the proposed discharge of water from the project as proposed by MLF, there is an ongoing administrative litigation yet to be resolved, that was initiated by Ecologistas en Accion, a non-governmental group, along with other interest groups. It is unlikely that the development of the Aznalcollar project can proceed with that litigation outstanding. Emerita, through its Spanish subsidiary Emerita Resources España, intends to appeal this decision by the Junta awarding the Exploitation License to MLF on the grounds that there is still a criminal trial to be resolved, and if the ruling is in favor of Emerita, the Company reserves its right to pursue all legal remedies, including the right to seek compensation for damages. On Friday, May 30, 2025 there was strong media reaction, and a series of news items appeared in the press and on television in Spain related to the Aznalcollar criminal court case. Of particular interest, Mrs. Leire Diez, known in the media as 'the fixer' of the PSOE (the Spanish Socialist Workers' Party) was reportedly recorded in several audio recordings in which she allegedly attempted to blackmail members of the UCO (federal police) to avoid ongoing investigations of corruption charges against the PSOE in several different cases. Friday's news reports specifically refers to one such audio recording where the First Deputy Prime Minister of Spain (federal), Mrs. Maria J. Montero allegedly instructed Mrs. Leire to launch a program to discredit Emerita and liberate Mr. Vicente Fernandez (the most senior government official implicated in the Aznalcollar criminal trial) from the charges in the Aznalcollar criminal proceedings. Mrs. Montero and Mr. Fernadez worked together at the Junta de Andalucia during the last Socialist Party term in the regional government when the Aznalcollar tender was resolved. Mr. Fernandez had been appointed as president of SEPI, the Spanish state-owned industrial holding company connected to the Ministry of Finance, but had to resign when criminally charged in the Aznalcollar case. Emerita has not heard these recordings and is conveying information from the Spanish press as relates to them. It is Emerita's belief, as corroborated by several media sources, that Mrs. Montero had kept the SEPI presidential position vacant for 18 months after Mr. Fernandez's resignation in the hope that Mr. Fernandez could be freed from the charges in the Aznalcollar case and resume the role. David Gower, CEO of Emerita notes, 'The announcement by the Minister of Energy and Mines is unfortunate considering that a completion of the criminal trial related to awarding the Aznalcollar public tender is near and could force the disqualification of Minera Los Frailes' bid. Emerita has complete confidence in the impartiality of the judges who are conducting the criminal trial, and whose hearings are due to be completed in July with the judges' decisions to be rendered shortly thereafter. Regarding the news of alleged corruption at higher level in government and media reports indicating the existence of audio recordings in which the PSOE (Socialist Party) politicians gave instructions to damage the interests of a Canadian company, we reserve the right to take any action in this regard to protect our interests and the interest of our shareholders.' The 16 defendants, who are members of the panel responsible for evaluating and awarding the tender, as well as the two proprietors of a Spanish company, Minorbis S.L.U., face criminal charges for the alleged rigging of the Aznalcóllar mining public tender, including accusations of influence peddling, fraud and embezzlement. About Emerita Resources Corp. Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada. For further information, contact: Ian Parkinson +1 647 910-2500 (Toronto) info@ Cautionary Note Regarding Forward-looking Information This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the legal proceedings regarding the Aznalcollar public tender, the Company's legal rights regarding the Aznalcollar project, the Company's ability to acquire the Aznalcollar project and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
MLF Announces New Partnership With Zenni Optical
BENTON, Ky.--(BUSINESS WIRE)--Major League Fishing (MLF), the world's largest tournament-fishing organization, announced today a new partnership with Zenni Optical, the world's leading online eyewear retailer. As part of the partnership, Zenni now becomes the Official Eyewear of Major League Fishing and title partner of Bass Pro Tour Zenni Stage 6 at the Potomac River, held June 26-29 in Marbury, Maryland. This strategic partnership unites two innovative brands, combining Zenni's industry leadership in accessible, high-quality eyewear with MLF's passionate and growing audience of anglers and outdoor enthusiasts. Together, MLF and Zenni are committed to providing affordable, stylish eyewear for anglers across the globe, while promoting the importance of eye health and protection on and off the water. In a first-of-its-kind collaboration for MLF, Zenni and the league will curate a custom line of eyewear specifically designed for anglers and fans, featuring frames that will be customizable for both prescription and non-prescription lenses, offering innovative technologies including Blokz® blue light-blocking lenses, EyeQLenz™ light-adaptive lenses and polarized sunglasses – an essential tool for serious fishing. MLF fans will also enjoy a special offer for 10% off all purchases using the promo code: MLF. 'Zenni Optical is a proven leader in innovative and affordable eyewear, and we're thrilled to welcome them to the MLF family,' said Jake Wittkop, MLF Vice President and Managing Director of Sponsorship and Business Development. 'Whether you're in need of polarized, prescription lenses for finding bass on beds or blue-light blocking lenses for streaming MLF at home, Zenni offers eyewear for every need. This partnership will not only elevate the visibility of the Zenni brand but also enhance the experience for anglers and fans alike.' Zenni is no stranger to elite partnerships across the sports and entertainment landscape. In addition to MLF, Zenni is the Official Eyewear of Monster Jam, Major League Pickleball, the San Francisco 49ers and the reigning NBA Champion Boston Celtics – further solidifying its place at the intersection of performance, lifestyle and fan engagement. 'We are proud to partner with Major League Fishing, an organization that shares our passion for performance, precision and innovation,' said Robb Chiarini, Head of Partnerships, Licensing, & Events at Zenni Optical. 'We're excited to collaborate with MLF and introduce a line of eyewear and accessories built to meet the unique demands of the fishing lifestyle while providing enthusiasts and fans premium, but affordable, corrective and preventative options.' Zenni will receive integrated branding across MLF's expansive media platforms, including television and livestream broadcasts, on-site event signage, an activation presence and features on MLF's digital and social media platforms. As the Title Sponsor of Bass Pro Tour Stage 6, Zenni will be featured prominently throughout the event, with exclusive coverage on MLFNOW! and in upcoming television broadcasts on Discovery Channel, Outdoor Channel and MyOutdoorTV (MOTV). For more information about MLF and its sponsors, visit To explore Zenni's complete line of customizable eyewear, visit About Zenni Optical Zenni pioneered the online eyewear industry in 2003 with a mission to make eyewear affordable and accessible to everyone. Based in the San Francisco Bay Area, Zenni offers adults and children the freedom to express their personality through a large collection of high-quality prescription, non-prescription and protective glasses and sunglasses curated with a sense of fashion and dynamic style. With complete prescription pairs starting at under $10, the company has brought massive price disruption to the traditional retail model. With over 51 million frames sold worldwide, Zenni is proud to be the Official Eyewear of the San Francisco 49ers, Boston Celtics, Monster Jam, Major League Pickleball, Ghost Gaming and more. Zenni has worked with designers and tastemakers on curations and collections, including Chase Stokes, Jrue Holiday, Sam Cassell and George and Claire Kittle. For more information, please visit About Major League Fishing Major League Fishing (MLF) is the world's largest tournament-fishing organization, producing more than 250 events annually at some of the most prestigious fisheries in the world, while broadcasting to America's living rooms on CBS, Discovery Channel, Outdoor Channel, CBS Sports Network, World Fishing Network and on demand on MyOutdoorTV (MOTV). Headquartered in Benton, Kentucky, the MLF roster of bass anglers includes the world's top pros and more than 30,000 competitors in all 50 states and 20 countries. Since its founding in 2011, MLF has advanced the sport of competitive fishing through its premier television broadcasts and livestreams and is dedicated to improving the quality of life for bass through research, education, fisheries enhancement and fish care.
