By Reuters Staff
(Repeats story with no changes to text)
Feb 15 (Reuters) - The spot price of electricity on the Texas power grid spiked more than 10,000% on Monday amid bad winter weather and rolling outages among power producers, according to data on the grid operator’s website.
Real-time market prices on the power grid operated by the Electric Reliability Council of Texas (ERCOT) have climbed as high as $11,000 per megawatt, according to ERCOT. A typical price on the grid, which supplies most of the electricity for Texas, is less than $100 per megawatt. (Reporting By Tim McLaughlin)
The Australian and New Zealand dollars started the week higher against the greenback on Monday, benefiting from buoyant equity and commodity markets ahead of both countries' planned coronavirus vaccine rollouts.
By Reuters Staff
1 Min Read
BANGKOK, Feb 15 (Reuters) - Thailand’s cabinet on Monday approved 37.1 billion baht ($1.24 billion) of assistance to help low-income workers during the country’s current coronavirus outbreak, a government spokesman said.
The government will offer 4,000 baht each to 9.27 million workers, Anucha Burapachaisri told a briefing. The new relief followed a recent $7 billion scheme for about 31 million people. ($1 = 29.85 baht) (Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Martin Petty)
By Reuters Staff
2 Min Read A street money changer counts South African Rands in Harare, Zimbabwe, file. REUTERS/Philimon Bulawayo/File Photo
JOHANNESBURG (Reuters) - South Africa’s rand firmed early on Monday, hurdling the key technical level of 14.50 on its way to a one-year best as signs of a local economic rebound and continued stimulus in the United States lifted demand for the currency.
At 0700 GMT, the rand was 0.5% firmer at 14.4775 per dollar, a touch off the session best of 14.4625 which is its strongest since January 2020.
Crucially, it was the first time since early January the unit broke below the 14.50 technical resistance mark seen as a buy-target by traders.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr
LONDON, Feb 15 (Reuters) - Most euro zone bond yields rose to multi-month highs on Monday with investors betting on a brighter economic outlook and a pick-up in inflation as oil prices rose to their highest level in over a year.
Ten-year bond yields in Germany, France and the Netherlands all rose to their highest since early September, while Germany’s 30-year bond yield rose to an eight-month high.
A selloff in major bond markets has gathered pace in recent sessions, as coronavirus vaccine rollouts and U.S. fiscal stimulus boosts expectations of a strong economic recovery.