Jan.19 — Katie Bays, co-founder of Washington-based consulting firm Sandhill Strategy LLC, discusses how the phase one trade deal will affect the U.S. energy industry. She speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Australia.” …read more […]
Jan.19 — Hong Kong’s government again pushed back on a key demand of protesters as a downtown rally turned violent, showing the unrest that began last June still has no end in sight. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]
A review of the proposed acquisition Continue reading… …read more […]
(Bloomberg) — Stocks in Asia were set for a muted open to Monday trading following a strong start to the year that’s left global equities at record highs.There were no standout movements in currency markets in early Monday trading, ahead of the open for bonds and stocks. Futures on Asia Pacific markets ended last week mixed. The S&P 500 Index and the Nasdaq Composite Index both set record highs on Friday. U.S. equity and bond markets are shut for the Martin Luther King Jr. holiday.Indicators of economic health from China and the U.S. last week provided some solace for investors …read more […]
(Bloomberg) — Iraq temporarily stopped work on an oil field on Sunday and supply from a second production site is at risk as widespread unrest escalates in one of OPEC’s biggest producers.Protesters also shut down border crossings with Iran, according to local media.Security guards seeking permanent employment contracts have blocked access to the Al Ahdab field, prompting a halt in production, according to an official who couldn’t be identified. The Badra field is at risk of closure from Monday.Around 600 people have died and thousands of others have been wounded in clashes between security forces and protesters since Oct. 1. …read more […]
Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country’s largest banking institutions.
Moynihan did not provide a time frame in his interview for doubling the bank’s consumer market share. With deposits growing above the industry rate, a low risk loan portfolio and a strong balance sheet with billions in excess liquidity, the pieces were in place for the bank to continue taking market share, he told the FT. …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.The phase-one trade deal between the U.S. and China may bring some relief to copper exporters, helping shore up the finances of Chilean state-run producer Codelco, Mining Minister Baldo Prokurica said.Copper prices may rally to $3 a pound, from an average of about $2.72 last year, as Washington and Beijing work to resolve their trade dispute that has ushered in a “complex period” of economic uncertainty, hurting industrial demand for the metal, Prokurica said in a phone interview.U.S.-China tensions helped trigger …read more […]
The precious metal offers a valuable hedge against uncertainty Continue reading… …read more […]
The bullion could break through $1,650 an ounce Continue reading… …read more […]
U.S. bank JPMorgan Chase & Co said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain’s exit from the European Union.
Gilead Sciences, Sprint, Macerich and EQT present buying opportunities Continue reading… …read more […]
Insiders invest in JPMorgan, Simply Good Foods, Eiger BioPharmaceuticals and Geron Continue reading… …read more […]
(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Libya’s biggest oil field began to halt production after armed forces shut down a pipeline, compounding supply disruptions that are continuing after a conference that aimed to broker an end to the OPEC nation’s civil war concluded in Berlin. The country’s oil production will be limited to 72,000 barrels per day once its storage tanks are full, according to a spokesman for the National Oil Corporation, down from more than 1.2 million barrels per day on Saturday. That’s the lowest level …read more […]
Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican official said late on Saturday.
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