Business News
Asian shares jump on China policy easing, trade deal hopes
Asian shares kicked off 2020 on a strong note on Thursday, spurred by Chinese markets after Beijing eased monetary policy to support the slowing economy.
Year: 2020
Business News
Asian shares outperform global peers in December, but yearly gains lag
Asian shares gained for the fourth successive month in December as appetite for regional shares improved after the U.S. and China agreed on a preliminary deal to end their 17-month long trade war.
Trading Ideas
U.S. shale producers to tap brakes in 2020 after years of rapid growth
Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry. Spending cuts and production declines common to shale wells mean U.S. output growth is expected to brake from 2019’s pace that pushed domestic production past 13 million barrels per day (bpd). Over the latest decade, the shale revolution turned the United States into the world’s largest crude producer and a force in energy exports. …read more […]
Business News
U.S. shale producers to tap brakes in 2020 after years of rapid growth
Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry.
Business News
Exclusive: China halts British stock link over political tensions – sources
China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters.
Trading Ideas
Exclusive: China halts British stock link over political tensions – sources
HONG KONG/LONDON (Reuters) – China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters. Suspending the Shanghai-London Stock Connect scheme casts a shadow over the future of a project meant to build ties between Britain and China, help Chinese firms expand their investor base and give mainland investors access to UK-listed companies. The sources, who include public officials and people working on potential Shanghai-London deals, all said that politics was behind the suspension. …read more […]
Business News
Ghosn carried spare French passport while out on bail in Japan: NHK
Japanese authorities allowed ousted Nissan boss Carlos Ghosn to carry a spare French passport in a locked case while out on bail, public broadcaster NHK said on Thursday, shedding some light on how he managed a dramatic escape to Lebanon.
Business News
Australia-listed Sezzle fails to win California lending license, shares dive
California rejected Sezzle Inc’s request for a lending license, dealing the recently listed buy-now-pay-later firm a big blow weeks after bigger rival Afterpay got a go ahead, sending Sezzle’s shares down by more than a fifth.
Business News
Tokyo prosecutors raid residence of former Nissan boss Ghosn: NHK
Tokyo prosecutors on Thursday raided the residence of former Nissan Motor Co Ltd chairman Carlos Ghosn, Japanese public broadcaster NHK said.
Business News
Oil rises supported by U.S.-China trade optimism, Middle East tensions
Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fueled worries about supply.
Business News
Dollar off to a flat start for 2020 as others find the fizz
The dollar started the new year where it left the old one, on the back foot as investors wagered U.S. economic outperformance might be drawing to a close as optimism on trade brightens the outlook for growth globally.
Trading Ideas
Bet on Drops in ‘Stretched’ Tech Stocks, Credit ETF, Btig Says
(Bloomberg) — Technology stocks and investment-grade corporate bonds look particularly extended and investors can position via options for potential reversals in both asset classes, according to Btig LLC.“The tech stock/Nasdaq centered rally appears stretched as the Nasdaq VIX made a new yearly low in December, diverging from the S&P 500 VIX,” which didn’t breach lows from April and November, Btig strategist Julian Emanuel wrote in a note Jan. 1. The Cboe NDX Volatility Index reached its lowest closing level since January 2018 last month.Emanuel recommends a bearish trade on the tech-heavy Nasdaq involving buying February $203 puts on the Invesco …read more […]
Trading Ideas
Could Luye Pharma Group Ltd. (HKG:2186) Have The Makings Of Another Dividend Aristocrat?
Could Luye Pharma Group Ltd. (HKG:2186) be an attractive dividend share to own for the long haul? Investors are often… …read more […]
Business News
Oil climbs on U.S.-China trade optimism, Middle East tensions
Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply.
Trading Ideas
Oil climbs on U.S.-China trade optimism, Middle East tensions
Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply. U.S. West Texas Intermediate (WTI) crude was up 21 cents, or 0.3%, at $61.27 per barrel. Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the year by a thaw in the prolonged trade dispute between the United States and China – the world’s two largest economies – and a deeper output cut pledged …read more […]