Recent Posts

Is ‘exceptionally’ weak dollar good news?

Bloomberg The US dollar, down 8 percent this year, will probably weaken further, according to Morgan Stanley. That is primarily good news for American stock investors. The greenback may finish 2017 down 13 percent, handing S&P 500 companies a 6.5 percent boost to their rolling 2018 per-share estimates, Morgan Stanley analysts including Michael Wilson said in a note on Monday. ...

Read More »

Worst of Mexico’s inflation, growth struggles may be over

Bloomberg After months of investor concern that slammed everything from Mexico’s currency to its inflation outlook, the nation’s economy is riding a good streak. A report showed the annual inflation rate fell in early July by the most since January, suggesting that the pace of consumer price increases may finally be stabilizing after a year of acceleration. Another key indicator ...

Read More »

China’s Unipec seeks closer ties with teapot refiners

BEIJING / Reuters State oil trader Unipec will develop “really strong” ties with China’s independent refiners, said a company executive on Tuesday, even as they present a growing challenge to its parent and Asia’s top refiner, Sinopec Corp. China issued crude oil import quotas to privately run refiners, often called “teapots”, for the first time in 2015, ending decades of ...

Read More »
Send this to a friend