AMERICAS OIL: Brazil’s Petrobras Signs Major Oil Supply Deal with India

Feb-05 16:05

Brazil's Petrobras Signs Major Oil Supply Deal with India: BNE Intellinews * Brazil's national oil ...

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JUSTIN TRUDEAU TO STEP DOWN AS CANADA LIBERAL LEADER AND PM

Jan-06 16:04
  • JUSTIN TRUDEAU TO STEP DOWN AS CANADA LIBERAL LEADER AND PM
  • CANADA'S TRUDEAU SAYS PARLIAMENT SUSPENDED UNTIL MARCH 24

CANADA: Trudeau Resignation Presser To Start Shortly

Jan-06 15:55

Prime Minister Justin Trudeau is set to begin a press conference in the coming minutes announcing his intention to stand down as leader of the centre-left Liberal Party of Canada (LPC). Livestream of CTV expected to show the presser in full can be found here

  • Once Trudeau's resignation presser is over, attention will swiftly turn to the emergency caucus meeting of LPC MPs taking place on Wednesday 8 January. The meeting is expected to last around six hours, with MPs seeking to nail down the process of how a new leader will be elected.
  • The LPC constitution lays out the procedure for electing a new party leader. Following a 'Leadership Trigger Event' (which Trudeau's resignation will count as) the LPC National President must convene the National Board of Directors to take place within 27 days. This board meeting can appoint an 'interim leader', set the date of the election, and establishing the Leadership Vote Committee.
  • Highlighting the potentially lengthy period of the contest, those seeking the LPC leadership are obliged to "deliver to the National President, at least 90 days before the day of the Leadership Vote, a written nomination...."
  • The constitution does lay out the potential for bypassing this lengthy process, saying if by a three-quarters margin the National Board "determines that political circumstances require that the date be reset to another date," the process can be accelerated. 

US TSY FUTURES: BLOCK: Mar'25 2Y Buy

Jan-06 15:50
  • +5,000 TUH5 102-24 (+.12), buy through 102-23.88 post time offer at 1040:36ET, DV01 $192,000. The 2Y contract trades 102-24.25 last