No Picture
Trading Ideas

Singapore's Pavilion cancels U.S. LNG cargo loading as market faces oversupply

Singaporean gas importer and marketer Pavilion Energy has taken the unusual step of cancelling the loading of a liquefied natural gas (LNG) cargo from the United States, but has agreed to pay for it, several industry sources told Reuters. The global LNG market is awash with new supply amid slowing demand in key countries such as China and Japan, leaving some traders with cargoes they have bought but are unable to resell. “Pavilion Energy evaluated scheduling and other commercial matters, then took the decision not to lift the cargo in full coordination with the supplier,” a spokeswoman for …read more […]

No Picture
Trading Ideas

Popeyes signs first lease for China market as it seeks to take on KFC

U.S. fried chicken chain Popeyes wants to become the top chicken brand in China, the chief executive of its parent company said on Tuesday, as it prepares to take on KFC, the no.1 player in the world’s most populuous market. Popeyes signed a lease in Shanghai for its first store in China on Monday, which is slated to open next year. The company outlined plans in July to build 1,500 restaurants in China in the coming decade, becoming the last of Toronto-based Restaurant Brands International Inc’s main brands to enter the country. …read more […]

No Picture
Trading Ideas

A year after arrest, Ghosn seeks trial date, access to evidence

A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct. The once-feted executive has spent 129 days in detention since his arrest shortly after his private jet touched down at a Tokyo airport on Nov. 19, 2018. Nissan sacked Ghosn, saying its internal investigations revealed misconduct ranging from understating his salary while he was its chief executive, and transferring $5 million of Nissan funds to an account …read more […]

No Picture
Trading Ideas

HK shares end at 1-week high on stimulus prospects, Alibaba boost

Hong Kong stocks on Tuesday closed at a one-week high as China central bank’s rate cut stoked hopes that Beijing is keen to stem an economic slowdown with stimulus measures, while strong demand ahead of Alibaba’s listing boosted sentiment. ** The Hang Seng index was up 1.6% at 27,093.80, its highest close since November 8. The China Enterprises Index closed 1.3% higher at 10,696.56 points. …read more […]