Articles by admin

(Bloomberg) — Asian stocks drifted lower after the year’s biggest run-up, though investors largely shrugged off the vote in the U.S. House to impeach President Donald Trump. American futures were flat.Equities dipped in Tokyo, Sydney and Hong Kong. They were flat in Seoul. Australia’s dollar climbed after job gains beat forecasts for November and the unemployment rate fell. Ten-year Treasury yields held around 1.90% after rising Wednesday. Shanghai stocks were largely unchanged in early trading after the central bank mounted another liquidity injection in advance of what’s typically a cash squeeze around year-end.Global stocks are close to all-time highs, though …read more […]

With a track record of streamlining Peugeot’s portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France’s most profitable carmaker with Fiat Chrysler (FCA). FCA, which is merging with Peugeot owner PSA in a $50 billion combination, has so far failed to reach sustainable profitability for its small passenger car business in Europe, something which Tavares found a successful formula for at Opel and Peugeot, which are both heavily exposed to the segment. Before Tavares took on Peugeot in 2014 it was loss-making, requiring a capital injection from the …read more […]

President Donald Trump was impeached in the sharply divided House of Representatives Wednesday on overwhelmingly partisan votes for what Democrats say was an effort to get Ukraine to investigate one of Trump’s potential rivals in the 2020 election. Trump was impeached on two articles, one for abuse of power and one for obstruction of Congress, with critics alleging he tried to stymie the House’s investigation into his request to the Ukrainian president to investigate Joe Biden and his son Hunter. The question now goes to the Republican-controlled Senate in a trial on the charges. …read more […]

(Bloomberg) — A defining moment in the history of the oil-refining and shipping industries is at hand.In fewer than two weeks, thousands of ships the world over will be forced to use fuel containing less sulfur in order to comply with global rules set out by the International Maritime Organization. Those who don’t could face penalties and even imprisonment. Ports are deploying drones to — literally — sniff out wrongdoers. The regulations are having a profound effect on oil refineries and the cost of seaborne trade looks set to rise.What’s the big deal? For decades, shipping has been the oil …read more […]

Dec.18 — Sunny Bangia, deputy portfolio manager at Antipodes Partners, talks about Chinese stocks and the yuan. He speaks with Paul Allen and Shery Ahn on “Bloomberg Daybreak: Australia.” …read more […]