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GLOBAL LNG-Asian prices drop for 3rd week amid expectations of mild winter

November 8, 2019 admin Comments Off on GLOBAL LNG-Asian prices drop for 3rd week amid expectations of mild winter

Asian spot prices for liquefied natural gas (LNG) fell for a third consecutive week on expectations of a mild winter denting demand amid ample global supply, trade sources said. Spot prices are at their lowest for this time of the year in a decade, Refinitiv Eikon data showed. Prices for December delivery to Northeast Asia are estimated to be about $5.70 per million British thermal units (mmBtu), down 20 cents from last week, said several sources who are market participants. …read more […]

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Gas tanker leased from Russia heads for U.S. to fetch LNG cargo

November 8, 2019 admin Comments Off on Gas tanker leased from Russia heads for U.S. to fetch LNG cargo

A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv’s Eikon showed on Friday. The collection of an LNG cargo from the United States by a Russian tanker would be potentially awkward for Putin and Kremlin-controlled gas company Gazprom, which leased out the vessel to Austrian company OMV in August. Putin has accused the United States of trying to undercut Russian gas supplies with its LNG exports which he has said are over-priced …read more […]

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Richemont Signals Tiffany Bid Unlikely as Earnings Disappoint

November 8, 2019 admin Comments Off on Richemont Signals Tiffany Bid Unlikely as Earnings Disappoint

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Richemont signaled it’s inclined to look after its own business rather than starting a bidding war against rival LVMH for jeweler Tiffany & Co. And the latest numbers show the Swiss watch and luxury company has some work to do.The Cartier owner’s shares fell as much as 5.6% Friday after it reported weaker-than-expected earnings and a slowdown in second-quarter revenue, hit by Hong Kong protests and investments in e-commerce.That contrasts with accelerating sales growth at LVMH and Hermes. Richemont risks being overshadowed …read more […]

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With discounts galore and Taylor Swift, Alibaba eyes another record Singles' Day

November 8, 2019 admin Comments Off on With discounts galore and Taylor Swift, Alibaba eyes another record Singles' Day

Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales. This year’s Nov. 11 bash comes as the $486 billion Chinese retail juggernaut navigates through a major turning point, the resignation in September of its flamboyant co-founder Jack Ma as chairman, and looks to raise up to $15 billion via a share sale in Hong Kong as early as this month. Akin to Black Friday and Cyber …read more […]

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Another crypto derivatives exchange wins CFTC nod to offer physically-settled bitcoin swaps

November 8, 2019 admin Comments Off on Another crypto derivatives exchange wins CFTC nod to offer physically-settled bitcoin swaps

The U.S. Commodity Futures Trading Commission (CFTC) has just given the green light to another Swap Execution Facility (SEF) operated by cryptocurrency startup Tassat, following SeedCX’s and LedgerX’s SEF registrations. The post Another crypto derivatives exchange wins CFTC nod to offer physically-settled bitcoin swaps appeared first on The Block. …read more […]