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Emerging markets ‘tough’ for investors

Bloomberg If you lost money on emerging Asian bonds and currencies this year, be warned: the first half 2019 may see more of the same. In what could be an unwelcome replay, risk assets are likely to remain at the mercy of the US-China trade war, a messy Brexit and rising US interest rates. Almost all emerging Asian currencies are ...

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Oil watchers see $70 a barrel in 2019 as recession fears fade

Bloomberg The world’s biggest banks are reckoning on a rebound in oil prices next year as fears of a recession prove misplaced. The Brent benchmark will average $70 a barrel in 2019, according to a Bloomberg survey of oil analysts. Futures in London and New York plunged this quarter, with volatility soaring in its final week as crude tracked gyrations ...

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China okays first big power storage pilot project

Bloomberg China approved its first large battery storage pilot project as it seeks to maximise clean energy output and improve grid stability. The initial phase of the venture in the northwestern prov-ince of Gansu will require 1.2 billion yuan ($174 million) of investment and have a capacity of 720 megawatt hours and storage duration of four hours, the Gansu Provincial ...

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