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UPDATE 2-China has 'important concerns' about Boeing 737 MAX design changes -regulator

BEIJING/SYDNEY Dec 12 (Reuters) – China has raised “important concerns” with Boeing Co regarding design changes proposed to end the grounding of the Boeing 737 MAX airliner, Beijing’s aviation regulator said on Thursday, declining to say when it might fly in China again. The remarks broke months of public silence from China, the first country to ground the 737 MAX in March following the second deadly crash involving the model in less than five months. …read more […]

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UPDATE 1-Vitol signs 10-year deal to buy Nigeria's LNG from 2021

Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. “The agreement underscores NLNG’s drive…to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to be the preferred complementary energy source alongside renewables,” Vitol said in a statement. The deal also helps NLNG remarket volumes from existing production lines at its Bonny Island plant with a number of contracts due to expire. …read more […]

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China's aviation regulator raised concerns with Boeing on 737 MAX design changes

China’s aviation regulator raised “important concerns” with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China. China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Lusong told reporters at a monthly briefing. China was the first country to ground the 737 MAX after the second crash in Ethiopia in …read more […]

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Oil prices rise on OPEC deficit forecast

Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year. West Texas Intermediate crude was up 12 cents, or 0.2%, at $58.88 a barrel, following a 0.8% drop the previous session. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday said it now expected a small deficit in the oil market in the next year, suggesting the market is tighter than previously thought – even before the latest pact …read more […]

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Bangkok Bank Said to Near Deal to Take Over StanChart’s Permata

(Bloomberg) — Bangkok Bank Pcl. is nearing a deal to buy control of Standard Chartered Plc’s Indonesian bank, according to people familiar with the matter.An announcement could come as soon as Thursday, said one of the people, who asked not to be identified as the deliberations are private. The Thai lender was competing with Sumitomo Mitsui Financial Group Inc. in the final race for almost 90% of PT Bank Permata, a stake with a market value of about $2.3 billion, Bloomberg News reported earlier.Bangkok Bank is looking for a new market in the region as interest rates in Thailand remain …read more […]

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China's aviation regulator raised concerns with Boeing on 737 MAX design changes

China’s aviation regulator raised “important concerns” with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China. China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Luxu told reporters at a monthly briefing. China was the first country to ground the 737 MAX after the second crash in Ethiopia …read more […]

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China Suffers Biggest Dollar Bond Default By State-Owned Company in Two Decades

(Bloomberg) — A major Chinese commodities trader became the biggest dollar bond defaulter among the nation’s state-owned companies in two decades, in a moment of reckoning for Beijing as it struggles to contain credit risk in a weakening economy.Tewoo Group Corp. announced results of its unprecedented debt restructuring, which saw a majority of its investors accepting heavy losses. This is expected to reshape investors’ perceptions about government-owned borrowers whose identity has for years offered a relatively strong sense of security.It’s also seen offering a road-map for resolving similar debt crises in the future as the prospect of more failures by …read more […]

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'Black Swan' index flashes yellow: Wall Street is not scared

The options-based Black Swan index may be signaling surging demand from investors for protection against a stock market crash, but Wall Street analysts see little reason to panic. It tracks the implied volatility of deep out-of-the-money options – that is, contracts that need a large move in the market before they come into play – on the S&P 500 . The gauge is also known as the Black Swan index, a reference to the book “Black Swan” by former options trader Nassim Nicholas Taleb that looks at the potentially catastrophic effects of unpredictable events. …read more […]

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Europe Gains Ground in Global Race to Sell Electric Cars

(Bloomberg) — Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.Momentum is building in a market that’s already the world’s second-biggest — well behind China but significantly ahead of North America — as the European Union on Wednesday set in motion an unprecedented plan to become net neutral on carbon emissions by mid-century. With car manufacturers already facing the stark choice of either offloading emissions-free vehicles or paying stiff EU penalties on polluting models, 2020 is shaping up as do or die …read more […]

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Did Hedge Funds Drop The Ball On Axsome Therapeutics, Inc. (AXSM)?

The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […] …read more […]