Recent Posts

Gas pioneer Chesapeake embarks on oil quest to escape junk label

  Bloomberg Chesapeake Energy Corp., the No. 2 US natural gas producer, thinks it has a one-word answer to its debt issues: Oil. Chief Executive Officer Doug Lawler is focusing 60 percent of the Oklahoma City-based driller’s 2017 budget on crude oil projects, mostly in South Texas, Oklahoma and Wyoming shale fields. The company plans about 320 new crude wells ...

Read More »

China’s $9trn moral hazard grows too big to ignore

  Bloomberg China may be about to embark on its most ambitious — and perilous — campaign to convince investors that they shouldn’t depend on a bailout when markets go south. In a rare show of cooperation, the nation’s main financial regulators are drafting new rules for asset-management products that aim to make clear the investments don’t have government guarantees, ...

Read More »

Singapore property demand ‘resilient’

  Bloomberg Singapore’s property demand remains “very resilient,” supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said. “Our economy is still growing, so I think demand is still healthy and our assessment is these factors will remain for some time,” Wong, who’s also the second finance minister, said in a Bloomberg Television ...

Read More »
Send this to a friend