Month: December 2019

(Bloomberg Opinion) — Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady, and do no more than they’re already doing. That’s not surprising given they tend to err on the side of doing as little as possible because that’s often the easiest consensus to form among the group’s members.What’s interesting is how they will come to that conclusion, given the wealth of data out there and the myriad ways of slicing and dicing it. One reason for their complacency is that …read more […]

The Nissan Motor Co , Renault SA and Mitsubishi Motors Corp alliance has agreed to form a new company focused on research and development of advanced automotive technologies, Kyodo News said. The three companies will announce a concrete plan in January, Kyodo reported on Sunday, citing people familiar with the matter. The new venture also aims to strengthen the alliance, in which relationships have frayed since the arrest and ouster of former supremo Carlos Ghosn, according to the report. …read more […]

(Bloomberg) — South Korea’s exports, a closely watched bellwether for world trade, fell more than expected in November, dealing a blow to nascent optimism that a prolonged slump in global demand may be bottoming out.Exports dropped 14.3% from a year earlier in November for a sixth straight double-digit decline, data from the trade ministry showed Sunday. Economists surveyed by Bloomberg had expected a 9.7% fall. Preliminary figures had also offered hope of some respite in the export slide. Imports decreased 13%.The government was more upbeat on the outlook for next year, saying shipments hit bottom in October and will rebound …read more […]

By Barani Krishnan …read more […]

Gambling revenue in the Chinese territory of Macau dropped 8.5% in November year on year, hit by lacklustre demand from high roller gamblers due to slowing economic growth amid the ongoing Sino-U.S. trade war and protests in neighbouring Hong Kong. November’s figure of 22.9 billion patacas ($2.8 billion), the second weakest figure this year, comes as some high roller players delay trips to Macau, analysts said. While protests in the Asian financial hub of Hong Kong have caused transport disruption and deterred travel to the former British colony and then on to Macau, analysts and executives say …read more […]

ULSAN, South Korea/ICHIHARA, Japan (Reuters) – At SK Energy’s largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month. In Japan, the country’s second-biggest refiner Idemitsu Kosan Co is taking a more cautious stance, increasing capacity for low sulphur fuel oil (LSFO), but also relying on blending to produce IMO2020 compliant bunker fuel. New International Maritime Organization (IMO) rules from Jan. 1, 2020 prohibit ships from using fuels containing …read more […]

Q3 2019 Biomarin Pharmaceutical Inc Earnings Call …read more […]

It’s a particularly busy week ahead. The Pound will be in the grasps of the opinion polls, with risk appetite in the hands of the U.S and China and data. …read more […]

South Korean exports in November fell for the 12th month in a row and far more than expected, denting hopes for the global manufacturing sector stabilising as a much-awaited China-U.S. trade deal is still in darkness. Exports declined 14.3% in November from a year earlier, trade ministry data showed on Sunday, far below a median 10.2% fall tipped in a Reuters poll and missing even the worst forecast in the survey of an 11.1% loss. It was also the second-worst drop in overseas sales in nearly four years as global semiconductor prices failed to turn around while China, …read more […]

(Bloomberg) — While Saudi Arabia’s massive initial public offering of oil producer Aramco has been dominating headlines in the kingdom for months, investors have been making a fortune in an obscure corner of the market: Cement producers.Companies that make the building material account for six of the 10 best-performing stocks in the kingdom this year, delivering returns of at least 53% while the main Saudi index was little changed.The stocks have gained on increasing demand for the product driven by several tourism and entertainment projects that are key parts of Crown Prince Mohammed bin Salman’s plan to diversify the economy …read more […]

It’s a bearish start to the month as Bitcoin tests support levels early. A move back through to $7,650 levels would signal a rebound… …read more […]

By buying an index fund, investors can approximate the average market return. But if you choose individual stocks with… …read more […]

It’s shaping up to be a tough period for Chow Tai Fook Jewellery Group Limited (HKG:1929), which a week ago released… …read more […]

If you’re interested in China Maple Leaf Educational Systems Limited (HKG:1317), then you might want to consider its… …read more […]