Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record.
Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record. Brent crude futures were down 16 cents, or 0.3%, at $63.90 a barrel by 0141 GMT, having dropped 0.3% on Wednesday. U.S. West Texas Intermediate crude fell 21 cents, or 0.4%, to $57.90, after falling 0.5% in the previous session. …read more […]
Japanese shares dipped on Thursday after U.S. President Donald Trump signed into law congressional legislation backing protesters in Hong Kong, sparking fears of a fresh confrontation with Beijing that could derail their trade talks. “In the near term, people are watching how China will react to Trump’s move,” said Masahiro Ayukai, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. …read more […]
Bougainville Vice President Raymond Masono says he will revive a plan to overhaul the region’s mining laws after the independence referendum, which could strip the former operator of the Panguna gold and copper project of its interests. Under the proposed mining law amendments, Bougainville would take a 60% share in all projects and retain all mining licences, leaving a 40% share investors can bid for, Masono told Reuters. Companies like the former Panguna operator, Bougainville Copper Ltd, which counts the PNG government as a major shareholder and claims the exploration rights at Panguna, would not get “special treatment”, …read more […]
If you’re interested in China Renewable Energy Investment Limited (HKG:987), then you might want to consider its beta… …read more […]
Amazon.com Inc’s cloud computing unit has designed a second, more powerful generation of data center processor chip, two sources familiar with the matter told Reuters, the latest sign that the company is pouring money into custom silicon for its fastest-growing business.
Adjustments could be made to how labor disputes are handled in the new United States-Mexico-Canada Agreement (USMCA) trade deal to help push through its ratification in the United States, Mexican deputy foreign minister Jesus Seade said on Wednesday.
Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data.
Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, while Japan’s Nikkei flitted in and out of positive territory. Australia’s S&P/ASX 200 touched a record intraday high in early trade, and was up 0.3%. …read more […]
(Bloomberg) — PG&E Corp.’s latest attempt at escaping the California policy that saddled the power giant with billions of dollars in wildfire liabilities, pushed it into bankruptcy and led to the ousting of its chief executive officer has failed.U.S. Bankruptcy Judge Dennis Montali on Wednesday sided with wildfire victims, who said PG&E is subject to a legal doctrine known as inverse condemnation that holds utilities strictly liable for covering the costs of blazes linked to their equipment — regardless of whether they were negligent. PG&E had argued that it shouldn’t be subject to the rule because it’s owned by investors, …read more […]
Russia has once again failed to comply with its OPEC+ production target, a worrying sign for the oil cartel as it prepares to meet in December …read more […]
Japan’s Panasonic Corp will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology, a Nikkei Asian Review reported on Thursday.
InterContinental Hotels Group (IHG) two years ago carved out a mega operating region. Instead of the usual Asia/Middle East/Africa (AMEA), the global hotel industry saw the astonishing birth of a Europe/Middle East/Asia/Africa (EMEAA) area. A new CEO to oversee the four business units under the ginormous region, Kenneth Macpherson, was appointed, based in London. Asian […] …read more […]
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […] …read more […]
Australian lender Westpac Banking Corp said on Thursday it would let investors withdraw their share purchase applications filed prior to the money laundering allegations made by financial crime watchdog AUSTRAC on Nov. 20.
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