Trading Ideas
Year: 2020
Business News
Teck pulls application for C$20.6 billion Frontier project, to take writedown
Teck Resources Ltd has withdrawn the application for its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, the company said on Sunday, days before the federal government was to decide on whether to approve the controversial project.
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Teck pulls application for C$20.6 billion Frontier project, to take writedown
Teck Resources Ltd has withdrawn the application for its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, the company said on Sunday, days before the federal government was to decide on whether to approve the controversial project. Teck said it would write down the C$1.13 billion carrying value of the project. …read more […]
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Opinion: The Assault on Bill Barr
Paul Gigot interviews former Attorney General Michael Mukasey. Image: Erik S. Lesser/Shutterstock …read more […]
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Opinion: The Assault on Bill Barr
Paul Gigot interviews former Attorney General Michael Mukasey. Image: Erik S. Lesser/Shutterstock …read more […]
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UniCreit CEO Mustier Rules Himself Out of HSBC Running
Feb.23 — UniCredit SpA CEO Jean Pierre Mustier is said to have ruled himself out of the running for the top job at HSBC. Mustier had emerged as the main external contender for the role against HSBC interim CEO Noel Quinn. Bloomberg’s David Scanlan reports on “Bloomberg Markets: Asia.” …read more […]
Business News
Oil prices skid on demand concerns as virus spreads globally
Oil prices tumbled nearly 3% towards a one-week low on Monday as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.
Business News
Shares drop, gold surges as investors scurry for safety
Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East.
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The Australian Dollar Nears a Tipping Point Thanks to Ultra-Low Rates
(Bloomberg) — A decade-long slide in Australian interest rates is threatening to turn one of the global currency market’s most popular wagers on its head.Investors with an appetite for a little risk had a winner for years with a carry trade that saw them borrow trillions of yen at near-zero rates and use the money to buy Australian dollars. Holding onto the Aussie for as little as a few weeks could earn them enough interest to make the trade pay. Those brave enough to stick with it for months or more made huge profits.Not anymore.Foreign exchange traders are starting to …read more […]
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Opinion: Hits and Misses of the Week
The week’s best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Image: Aleksey Nikolskyi/Getty Images …read more […]
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South Korea Will Announce ‘Extraordinary Measures’ for Economy
Feb.23 — South Korean President Moon Jae-in raised the country’s infectious-disease alert level to the highest and signaled the potential for unprecedented steps to contain a coronavirus outbreak that has killed six and infected hundreds. Bloomberg’s Yvonne Man speaks with Haidi Stroud-Watts and Tom Mackenzie on “Bloomberg Markets: Asia.” …read more […]
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U.S. Index Futures Tumble as Virus Concerns Spread Beyond Asia
(Bloomberg) — U.S. stock-index futures dropped as news of the coronavirus spreading in countries including Italy and Iran increased concern over its potential impact on global growth.S&P 500 Index contracts expiring in March slid as much as 1.5% in early Asian trading Monday after finance chiefs and central bankers from the world’s largest economies said they see downside risks to growth persisting as the deadly virus continues to spread. Dow Jones Industrial Average futures declined as much as 1.4%, while those on the Nasdaq 100 Index retreated as much as 1.8%.China’s coronavirus cases rose to at least 76,936 over the …read more […]
Business News
Shares drop, gold surges as coronavirus fears trigger flight for safety
Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak.
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