No Picture
Trading Ideas

Record low LNG spot prices attract bargain hunters

Record low spot prices for liquefied natural gas (LNG) are attracting buying interest from companies in Asia hunting a bargain after China’s top buyer of the fuel declared force majeure last week, four trade sources said on Monday. Sellers, however, are wary because of an array of operational issues, the sources said, speaking on condition of anonymity. Asian spot LNG prices touched a record low this month following reports China’s top LNG buyer China National Offshore Oil Corporation (CNOOC) had declared force majeure on some prompt LNG deliveries. …read more […]

No Picture
Trading Ideas

‘Nightmare’ for Global Tech: Virus Fallout is Just Beginning

(Bloomberg) — As Chinese-based manufacturers begin to restart factories Monday, no one knows for sure when they’ll be back at full-speed — or what sort of chaos may ensue.Tech producers led by Foxconn, which makes the majority of the world’s iPhones from Zhengzhou a few hundred miles from the coronavirus outbreak’s epicenter, had begun preparing investors for the potential bedlam when hundreds of thousands make their way back to factories.Apple Inc.’s most important partner warned investors of the daunting task of securing enough workers despite widespread transport blockades, quarantining thousands, and the “nightmare” scenario of an on-campus epidemic that could …read more […]

No Picture
Trading Ideas

Germany’s Kramp-Karrenbauer to Step Down as CDU Leader

Feb.10 — Annegret Kramp-Karrenbauer plans to step down as leader of Chancellor Angela Merkel’s Christian Democratic Union, a spokesman for the party said in a statement on Monday. Kramp-Karrenbauer will also not seek to run as chancellor candidate for the CDU in the next election. Matt Miller reports on “Bloomberg Markets: European Open.” …read more […]

No Picture
Trading Ideas

China Warns France Against Excluding Huawei From 5G Networks

(Bloomberg) — China warned France against treating Huawei Technologies Co. differently from European competitors when it comes to future 5G network equipment contracts, as the U.S. mounts a campaign to keep the Chinese tech giant at bay.In a lengthy statement issued on Sunday on its website, the Chinese embassy in Paris urged France to establish “transparent criteria and treat all companies in a similar way,” referring to telecom equipment makers.It also warned that a difference in treatment based on the country of origin would be considered “blatant discrimination” and “disguised protectionism.”The statement also carried a veiled warning.“We do not wish …read more […]