April, 2019

• 30 April

  UK brimming with natural gas as LNG flows hit record

  

  Bloomberg Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month. The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark prices already trading below their five-year seasonal average. That’s good news for factories and households as Brexit …

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• 30 April

  PetroChina records steady income in Q1

  Bloomberg PetroChina Co. reported steady net income in the first quarter as higher exploration and production earnings countered a slump in refining. Net income rose 1 percent from a year ago to 10.26 billion yuan ($1.5 billion), the company said in a statement to the Hong Kong stock exchange, using international accounting standards. Despite international oil prices averaging 5 percent …

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• 30 April

  Warning signs are flashing in China stock market post surge

  

  Bloomberg Investors are running out of reasons to chase the bull market in Chinese stocks. After adding as much as $2.5 trillion to share values and outpacing gains everywhere else in the world, the rally in China is starting to look tired. Headwinds include an uninspiring earnings season, as well as the likelihood that Beijing will pursue a less aggressive …

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• 30 April

  US stock slide deepens on tech earnings, trade

  

  Bloomberg The decline in US stocks deepened as disappointing results from Alphabet Inc weighed on technology companies amid heightened angst over US-China trade talks. The S&P 500 Index fell from a record high, while the Nasdaq-100 Index was poised for its biggest drop in more than a month. Pfizer Inc surged on better-than-estimated results. Treasuries rose on the eve of …

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• 30 April

  Biggest Nordic banks hit by selloff after bleak results

  

  Bloomberg The two biggest banks in the Nordic region saw their market values shrink on Tuesday after publishing first-quarter results that disappointed investors. Danske Bank A/S said it now expects net interest income to be lower this year than in 2018 as the higher cost of funding brought on by its money-laundering scandal erodes its top line. Its shares plunged …

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• 30 April

  StanChart plans $1bn buyback for first time in over two decades

  

  Bloomberg Standard Chartered Plc is buying back ordinary shares for the first time in more than 20 years as Chief Executive Officer Bill Winters seeks to put misconduct and profitability woes behind the Asia-focussed lender. The $1 billion purchase plan comes weeks after a settlement between the bank and US regulators over its repeated violations of sanctions with Iran. Standard …

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• 30 April

  Santander boosts focus on Latin America

  

  Bloomberg Banco Santander SA relied on its increasing commitment to fast-growing Latin American markets to make up for sluggish European units that weighed on first-quarter profit. Net income fell 10 percent, hit by a charge of 108 million euros ($121 million) for restructuring in the UK and Poland as well as an inflation-adjustment expense in Argentina. That slightly beat analyst …

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• 30 April

  Yes Bank plunges 30% on surprise quarterly loss

  

  Bloomberg Shares in Yes Bank Ltd. slumped as much as 30 percent on Tuesday, the first day of trading after the lender headed by newly appointed Chief Executive Officer Ravn-eet Gill reported a surprise quarterly loss. Yes Bank said it incurred a net loss of 15.07 billion rupees ($216 million) for the quarter that ended on March 31, after setting …

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• 30 April

  Fed has a problem at heart of its battle to spark inflation

  

  Bloomberg There’s a flaw at the heart of central banking’s approach to inflation targeting that’s become a hot issue for the Federal Reserve as it takes a long, hard look at its strategy. For decades, central bankers have pursued price goals while saying financial stability risks are better curbed by regulation. The contradiction is that monetary policy is often the …

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• 30 April

  FAA starts its bid to restore confidence in Boeing’s Max

  

  Bloomberg The US Federal Aviation Administration (FAA) took a potentially important step towards rebuilding confidence not only in the Boeing Co 737 Max but also in the agency itself, convening a week-long summit of civil aviation regulators from Brussels to Beijing. Led by former National Transportation Safety Board Chairman Christopher Hart, delegates from eight overseas nations and the European Union …

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