No Picture
Business News

Conoco moves to take over Venezuelan PDVSA’s Caribbean assets: sources

HOUSTON (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to two sources familiar with its actions.

…read more […]

No Picture
Trading Ideas

JPMorgan Casts Wary Eye on `Unhelpful’ Rates/Dollar Correlation

Higher rates along with a higher U.S. dollar could be as disruptive to global markets as the reversal of the correlation between stocks and bonds in February, according to JPMorgan Chase & Co. “The relentless rise in U.S. 2-year rates and the recoupling of the dollar with interest rate differentials” is an “unhelpful development which has both fundamental and technical origins,” Normand and his fellow strategists said. “Global markets continue to signal more risk than opportunity this spring” despite impressive earnings, with widening credit spreads and a near-total retracement of 2018 losses by the trade-weighted dollar. …read more […]

No Picture
Trading Ideas

Rouhani says plans in place for any Trump decision on nuclear deal-TV

President Hassan Rouhani said on Sunday Iran had plans to respond to any move by U.S. President Donald Trump on the 2015 nuclear agreement and the United States would regret a decision to exit the accord. Trump says that unless European allies rectify “flaws” in Tehran’s deal with world powers by May 12 he will refuse to extend U.S. sanctions relief for Iran. “We have plans to resist any decision by Trump on the nuclear accord,” Rouhani said in a speech carried live by state television. …read more […]