Month: December 2019

Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. “The agreement underscores NLNG’s drive…to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to be the preferred complementary energy source alongside renewables,” Vitol said in a statement. The deal also helps NLNG remarket volumes from existing production lines at its Bonny Island plant with a number of contracts due to expire. …read more […]

Today we’ll take a closer look at Walgreens Boots Alliance, Inc. (NASDAQ:WBA) from a dividend investor’s perspective… …read more […]

China’s aviation regulator raised “important concerns” with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China. China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Lusong told reporters at a monthly briefing. China was the first country to ground the 737 MAX after the second crash in Ethiopia in …read more […]

Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year. West Texas Intermediate crude was up 12 cents, or 0.2%, at $58.88 a barrel, following a 0.8% drop the previous session. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday said it now expected a small deficit in the oil market in the next year, suggesting the market is tighter than previously thought – even before the latest pact …read more […]

(Bloomberg) — Bangkok Bank Pcl. is nearing a deal to buy control of Standard Chartered Plc’s Indonesian bank, according to people familiar with the matter.An announcement could come as soon as Thursday, said one of the people, who asked not to be identified as the deliberations are private. The Thai lender was competing with Sumitomo Mitsui Financial Group Inc. in the final race for almost 90% of PT Bank Permata, a stake with a market value of about $2.3 billion, Bloomberg News reported earlier.Bangkok Bank is looking for a new market in the region as interest rates in Thailand remain …read more […]

China’s aviation regulator raised “important concerns” with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China. China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Luxu told reporters at a monthly briefing. China was the first country to ground the 737 MAX after the second crash in Ethiopia …read more […]

(Bloomberg) — A major Chinese commodities trader became the biggest dollar bond defaulter among the nation’s state-owned companies in two decades, in a moment of reckoning for Beijing as it struggles to contain credit risk in a weakening economy.Tewoo Group Corp. announced results of its unprecedented debt restructuring, which saw a majority of its investors accepting heavy losses. This is expected to reshape investors’ perceptions about government-owned borrowers whose identity has for years offered a relatively strong sense of security.It’s also seen offering a road-map for resolving similar debt crises in the future as the prospect of more failures by …read more […]