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Asian refiners strive to finish IMO preparations in hunt for profits

ULSAN, South Korea/ICHIHARA, Japan (Reuters) – At SK Energy’s largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month. In Japan, the country’s second-biggest refiner Idemitsu Kosan Co is taking a more cautious stance, increasing capacity for low sulphur fuel oil (LSFO), but also relying on blending to produce IMO2020 compliant bunker fuel. New International Maritime Organization (IMO) rules from Jan. 1, 2020 prohibit ships from using fuels containing …read more […]

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South Korea November exports plunge as China-U.S. deal still in dark

South Korean exports in November fell for the 12th month in a row and far more than expected, denting hopes for the global manufacturing sector stabilising as a much-awaited China-U.S. trade deal is still in darkness. Exports declined 14.3% in November from a year earlier, trade ministry data showed on Sunday, far below a median 10.2% fall tipped in a Reuters poll and missing even the worst forecast in the survey of an 11.1% loss. It was also the second-worst drop in overseas sales in nearly four years as global semiconductor prices failed to turn around while China, …read more […]

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Forget Aramco. The Real Excitement in Saudi Stocks Is in Cement

(Bloomberg) — While Saudi Arabia’s massive initial public offering of oil producer Aramco has been dominating headlines in the kingdom for months, investors have been making a fortune in an obscure corner of the market: Cement producers.Companies that make the building material account for six of the 10 best-performing stocks in the kingdom this year, delivering returns of at least 53% while the main Saudi index was little changed.The stocks have gained on increasing demand for the product driven by several tourism and entertainment projects that are key parts of Crown Prince Mohammed bin Salman’s plan to diversify the economy …read more […]

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Is Dropbox, Inc. (DBX) A Good Stock To Buy ?

“Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn’t by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […] …read more […]

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Hedge Funds Have Never Been This Bullish On Uniqure NV (QURE)

Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors’ favor when it comes to beating the market, […] …read more […]

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Hedge Funds Are Dumping CSX Corporation (CSX)

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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Hedge Funds Have Never Been This Bullish On Accenture Plc (ACN)

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […] …read more […]

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Hedge Funds Have Never Been This Bullish On Advanced Micro Devices, Inc. (AMD)

Is Advanced Micro Devices, Inc. (NASDAQ:AMD) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market […] …read more […]

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Is Bristol Myers Squibb Company (BMY) A Good Stock To Buy?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]