Bloomberg As Theresa May flies into Northern Ireland to sell her Brexit plan, the Democratic Unionist Party is uniting behind leader Arlene Foster’s opposition to the deal. May was in Belfast to drum up support for her accord, which the DUP say imperils Northern Ireland’s place in the UK by potentially tying the region to European Union rules indefinitely. “The ...
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Thailand ousted party is voters’ first choice
Bloomberg The party linked to ousted former premier Thaksin Shinawatra remains a “dominant force†in Thailand and leads in polling by an opposition party ahead of a general election expected next year. About 17 percent of 9,000 people surveyed across Thailand last month said they would vote for the Thaksin-linked Pheu Thai party that was overthrown in a military coup ...
Read More »Africa LNG set to surge as floating projects cut time to reach market
Bloomberg Africa is on the cusp of a liquefied natural gas (LNG) boom. That’s in part due to accelerating global demand. It’s also down to a fast-track method of getting the fuel to market. Kosmos Energy Ltd’s project in Mauritania and Senegal, set to get the go-ahead next month, will use a floating vessel to convert gas from the offshore ...
Read More »LNG is becoming more like oil market
Bloomberg Some liquefied natural gas (LNG) sellers aren’t in a rush to deliver their multimillion-dollar cargoes. With uncertain demand and no signs yet of bitter cold, some traders are preferring to keep their fuel inside vessels in the hope prices will rise. While the sight of stationary cargoes might not be unusual in the more-established oil market, technology has only ...
Read More »Clean power wins in emerging markets
Bloomberg Developing countries have added more clean power capacity than fossil fuel generation for the first time ever, charging ahead of wealthier nations in the global green energy push, according to Bloomberg NEF. Wind and solar generation accounted for just over half of the 186 gigawatts of new power capacity in developing nations last year, according to BNEF’s annual Climatescope ...
Read More »US likely to go ahead with China tariff increase: Trump
Bloomberg President Donald Trump said he’ll likely push forward with plans to increase tariffs on $200 billion of Chinese goods, indicating he would also slap duties on all remaining imports from the Asian nation if negotiations with China’s leader Xi Jinping fail to produce a trade deal. Trump, in an interview with the Wall Street Journal published on Monday, said ...
Read More »As GM shutters US plants, slump in China is new hurdle
Bloomberg General Motors Co.’s attempt to rejuvenate its business once again is made more difficult by a dramatic slowdown in the world’s largest vehicle market: China. During previous shakeups, including its bankruptcy and recovery almost a decade ago, the US carmaker could rely on steadily growing demand in China that helped it weather cooling sales at home. Not this time ...
Read More »Buy now to profit from India vote volatility in 2019, says FundsIndia
Bloomberg Now is the time for equity investors to bet on India’s election results, even though the polls aren’t likely till May, according to FundsIndia. Investing five to six months before the elections in 2009 and 2014 earned an average three to six percent more than the Indian benchmark return in the five-year period to the next vote, said Vidya ...
Read More »Hong Kong home sales hit 12-year low in Nov
Bloomberg Hong Kong’s housing market is suffering its worst declines since 2016 — by multiple measures. New-home sales this month are on track to be the lowest by volume since January or February of that year, according to Midland Realty data. Meanwhile, used-home prices have fallen for eight weeks, the longest losing streak since 2016, according to the Centa-City Leading ...
Read More »China realty queen makes comeback with $7bn transfer
Bloomberg Wu Yajun’s transfer of a $7 billion stake to her daughter caps the property developer’s comeback after a 2012 divorce robbed her of the title of China’s richest woman. It also marks the distance that billionaire Wu has come since quitting an “iron rice bowl†job in 1988. Her property empire Longfor Group Holding Ltd. has almost doubled in ...
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