Trading Ideas
Edited Transcript of EWBC earnings conference call or presentation 17-Oct-19 3:30pm GMT
Q3 2019 East West Bancorp Inc Earnings Call …read more […]
Month: October 2019
Business News
AB Volvo truck orders tumble after profit beats forecast in third quarter
Sweden’s AB Volvo on Friday reported a sharp fall in order intake of its heavy-duty trucks in the third quarter and forecast double-digit percentage declines in commercial vehicles markets on both sides of the North Atlantic next year.
Business News
Apple’s Cook meets China regulator after pulling Hong Kong app
Apple Inc CEO Tim Cook met the chief of China’s market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong.
Trading Ideas
Three Men at PG&E Decide When Californians Go Dark to Stop Fires
(Bloomberg) — Since an unprecedented blackout plunged millions of Californians into darkness last week, residents and state officials have questioned how utility giant PG&E Corp. came to the decision to cut the lights.Now they have some answers.In a report filed with California utility regulators on Thursday, the San Francisco-based company said three vice presidents are responsible for deciding whether the power goes out to keep electrical lines from igniting blazes: Michael Lewis, senior vice president of electric operations; Sumeet Singh, vice president of asset and risk management; and Ahmad Ababneh, vice president of electric operations on major projects and programs. …read more […]
Business News
China’s GDP growth grinds to near 30-year low as tariffs hit production
China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support.
Business News
Asian shares erase gains after weak China GDP, pound pulls back
Asian stocks stumbled on Friday after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal.
Business News
Oil dips as China posts slowest GDP growth in almost three decades
Oil prices fell on Friday after China, the world’s largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.
Trading Ideas
GLOBAL LNG-Asian spot prices jump to 8-month high ahead of winter
SINGAPORE/LONDON, Oct 18 (Reuters) – Asian spot prices for liquefied natural gas (LNG) rose to an eight-month high this week as demand for cargoes emerged ahead of winter. Spot prices for December delivery to Northeast Asia are estimated to be about $6.80 per million British thermal units (mmBtu), up 35 cents from last week, said several sources who are market participants. …read more […]
Business News
China third-quarter GDP grows 6%, slowest pace in almost three decades
China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-U.S. trade war and lackluster demand at home.
Business News
Instant View: China third-quarter GDP grows 6.0% year-on-year, misses expectations
China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war.
Business News
Six warning lights flashing for China’s slowing economy
China’s $13 trillion economy is slowing and indicators showing that range from freight shipments to factory power generation and from employment to expenditures on entertainment.
Business News
China market regulator chief met with Apple CEO Tim Cook
China’s market regulator chief Xiao Yaqing met with Apple Inc’s Chief Executive Tim Cook in Beijing on Thursday, the regulator said on Friday.
Trading Ideas
Edited Transcript of ABT earnings conference call or presentation 16-Oct-19 1:00pm GMT
Q3 2019 Abbott Laboratories Earnings Call …read more […]
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UPDATE 2-Big U.S. liquefied natgas players move fast; smaller ones try to keep up
NEW YORK/LONDON, Oct 17 (Reuters) – A gap is emerging in the U.S. liquefied natural gas (LNG) industry as big players such as Exxon Mobil Corp and Cheniere Energy Inc race ahead to build export terminals with fewer long-term contracts, while smaller developers struggle to find financing for their first plants. LNG trade has traditionally been underpinned by long-term purchasing deals which finance multi-billion dollar terminals that liquefy natural gas by chilling it to -260 degrees Fahrenheit (-160 Celsius), load it onto ships, and regasify it when delivered. “The industry is moving away from long-term agreements to justify …read more […]
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Gold steady as Brexit deal lifts stocks, pressures dollar
Spot gold was unchanged at $1,491.62 an ounce as of 0057 GMT. Asian shares inched higher following Britain’s deal with the European Union, with MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.1%. The dollar slipped to a near eight-week low in the previous session, keeping gold prices propped up. …read more […]