January, 2019

• 9 January

  The shopping mall’s savior is starting to eat itself

  

  Bloomberg Stephen Wall’s restaurant chain Pho is the kind of tenant that mall landlords would love to attract. The Vietnamese menu is right on trend, the business is expanding and, even better, it has a track record of success in shopping centres. Yet he thinks that even restaurants like his won’t be the savior of malls suffering from the rise …

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• 8 January

  Opec doesn’t dictate oil prices: Al Mazrouei

  

  ABU DHABi / WAM Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Industry, has said that Opec and its members “don’t control” oil prices and that the market “dictates” them. “What Opec strives to achieve”, he added, “is a balanced oil market that is fair for both consumers and producers, and encourages the many trillions of dollars of investment …

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• 8 January

  Trump sees progress in China talks

  

  Bloomberg US-China trade talks in Beijing are progressing and were poised to extend into Wednesday, according to an American negotiator. The discussions during the past two days “went well,” according to Steven Winberg, an Energy Department official who spoke to reporters in Beijing. “I can confirm we’re continuing tomorrow.” The reason for the extension of meetings originally scheduled for two …

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• 8 January

  Oil trading losses no cause for panic on China’s Sinopec

  

  Bloomberg Sinopec Corp’s trading losses shouldn’t deflect investors from the potential opportunity presented by its shares holding near a two-year low. The refining giant, officially called China Petroleum & Chemical Corp, has slumped 10 percent in the past month amid a global oil rout and after it reported losses on derivatives linked to crude prices at its main trading unit …

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• 8 January

  Macquarie seeks to buy IL&FS energy assets

  

  Bloomberg Macquarie Infrastructure & Real Assets and NTPC Ltd, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing & Financial Services Ltd, people familiar with the matter said. GAIL India Ltd and Solar Energy Corporation of India have also submitted expression of interest to buy the assets, …

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• 8 January

  Hydro One Avista deal hits roadblock again

  

  Bloomberg Idaho regulators rejected Hydro One Ltd’s $3.4 billion takeover of Avista Corp, the second time state officials cited political risks in Ontario as grounds to nix the Canadian company’s effort to buy the US utility. The Idaho Public Utilities Commission said “the management of Hydro One is subject to the province’s political pressure,” and the takeover would therefore be …

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• 8 January

  US drivers could pay less for gas in 2019

  Bloomberg American drivers are likely to pay a little less for gas this year and President Donald Trump is happy to take credit. The projected $2.70 a gallon pump price for 2019 is 3 cents lower than 2018 levels, although this year’s high could reach $3 as soon as May and top $4 in some cities, according to GasBuddy’s Price …

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• 8 January

  US stocks surge after Donald Trump sees China progress

  

  Bloomberg Stocks surged on Tuesday after the Trump administration said there was progress coming out of its two-day mid-level trade talks with China. The dollar rose with Treasury yields, and crude climbed towards $50 a barrel on expectations the market will be tightened by OPEC’s output cuts. All major US equity benchmarks were higher. The S&P 500 and Nasdaq gauges …

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• 8 January

  India stocks rise ahead of quarterly earnings

  

  Bloomberg India stocks rose as investors positioned for the corporate earnings’ season that begins this week amid estimates that economic growth may be slower than forecast. The S&P BSE Sensex climbed 0.4 percent to close at 35,980.93 in Mumbai after swinging between gains and losses. The broader NSE Nifty 50 Index rose 0.3 percent. India’s largest companies this week begin …

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• 8 January

  Fed may get less bang for buck if it repeats 2016 rate pause

  

  Bloomberg For the Federal Reserve, 2019 has started out looking a lot like 2016: the last time uncertainty over global growth roiled financial markets for months on end. Fed Chairman Jerome Powell pointed to the 2016 episode to underscore the US central bank’s ability to be flexible when necessary, recalling the Fed held interest rates steady almost all year. But …

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