Recent Posts

Alberta eases oil output limit amid export surge

Bloomberg Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline. Easing the production limit by 25,000 barrels a day means that operators can now produce about 175,000 barrels a day below what they were producing late last year, just before the province imposed the cut to alleviate a glut ...

Read More »

Tech weighs on US stocks; bonds, greenback advance

Bloomberg US equities fell as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1 percent. The S&P 500 Index fell as Amazon, Facebook and Netflix all sank more than 1 percent. Apple gained ahead of its earnings announcement on Tuesday. Drug companies got a boost from surging Mylan NV ...

Read More »

No-deal Brexit risk pushes pound to lowest since 2017

Bloomberg The pound and gilt yields slid to multi-year lows as UK PM Boris Johnson stepped up preparations for a no-deal Brexit with just about three months left until the nation exits the European Union. Sterling tumbled the most among the Group-of-10 currencies as various members of Johnson’s top team took a tough stance. UK Chancellor Sajid Javid said he ...

Read More »
Send this to a friend