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Central banks buoy bonds, commodities & emerging markets

  BLOOMBERG Bonds rose with commodities and emerging markets on speculation that central banks will persist with policies that support financial markets. The European Central Bank began buying corporate bonds to expand its monetary stimulus, helping drive average yields on investment-grade corporate debt below 1 percent. Germany’s 10-year bund yields fell to a record. Emerging markets equities and currencies rose ...

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IEA cuts gas demand outlook again as glut seen to end of decade

  Bloomberg While oil markets will start re-balancing after a slump next year, an oversupply in natural gas won’t disappear until the end of the decade, the International Energy Agency said, slashing its gas demand outlook for a fourth straight year. Global consumption will expand by 1.5 percent annually from 2015 through 2021, down from last year’s forecast of 2 ...

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Lundin seeks up to $940mn for Ecuador gold mine

  Bloomberg Lundin Gold Inc. is forging ahead with its gold project in Ecuador, one of the world’s largest undeveloped deposits, in a signal the industry is moving back into expansion mode as the metal continues to rally. The Vancouver-based miner is planning to raise $820 million to $940 million in two phases to finance the Fruta del Norte project, ...

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