April, 2017

• 4 April

  Helping women in distress!

  

    PESHAWAR / AP When Durdana married for a second time and to a man of her own choosing, her parents threatened to kill her if she tried to see her new husband. They imprisoned her in their home, but she still had her mobile phone and had learned that a helpline for women had been set up. She noted the ...

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• 4 April

  Gas giants share OPEC’s shale pain as US supply flows east

  

    Bloomberg OPEC isn’t the only decades-old energy hegemony being turned on its head by US shale. Liquefied natural gas sellers from Qatar to Malaysia that dominated gas sales to Asia for years are facing the prospect of rising American exports. While less than 30 US cargoes have landed in Asia, their effect was felt even before they arrived. LNG ...

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• 4 April

  Oil traders drain Caribbean hoards as OPEC impact hits

    Bloomberg During the oil price rout, islands in the Caribbean were exhibit A for the longest-lasting glut in three decades, with millions of barrels stored there. Now, that oil is flowing again, a sign the market is rebalancing. Since mid-February, between 10 million and 20 million barrels have left the Caribbean, according to estimates from traders who asked not ...

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• 4 April

  Oil rally fizzles as prices made vulnerable by Libyan recovery

  

    Bloomberg Oil’s rally above $50 a barrel is running out of steam after Libyan production returns, bringing the focus back to OPEC. Futures in New York extended losses after dropping 0.7 percent on Monday, following a 5.5 percent jump last week. While OPEC output fell by 200,000 barrels a day in March, the decline was helped by cuts in ...

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• 4 April

  Ichthys to start shipping LNG early 2018

    CHIBA / Reuters Inpex Corp’s $37 billion Ichthys Australian liquefied natural gas (LNG) project will start shipping ultra-light crude known as condensate by end-2017 and LNG shipments next year, one of the partners in the development said on Tuesday. The comments from Total Chairman and CEO Patrick Pouyanne suggest further slippage in a project that has in recent months ...

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• 4 April

  China’s ‘new Shenzhen’ plan spurs speculative rampage

  

    Bloomberg It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy. Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province — in the same spirit that Shenzhen and Shanghai’s Pudong was built — hordes of prospective buyers had thronged ...

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• 4 April

  Coal India shipments lag target at least 5th year

  

    Bloomberg Coal India Ltd., the world’s biggest miner of the fuel, missed annual production and shipment targets for at least the fifth year despite reporting record volumes for both. Output grew 2.9 percent to 554.1 million tons during the year ended March, while shipments rose 1.6 percent 543.2 million tons, missing the target of 598.6 million tons for each, ...

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• 4 April

  Trump, US science spending pays off bigly

  

    President Donald Trump has released a budget plan for federal discretionary spending (which doesn’t include interest on the national debt or entitlement programs like Social Security). It has a few things to like, but it’s alarming for its deep cuts to U.S. government support of science and technology. Although Trump’s document is titled “America First: A Budget Blueprint to ...

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• 4 April

  The taxman cometh for Credit Suisse’s private banking

  

      As an international tax-evasion probe ensnares Credit Suisse Group AG, the bank says it has a “zero-tolerance” policy that’s more than just talk. Its weekend charm offensive flagged cash invested in compliance and risk controls, as well as business sacrificed by weeding out irregular clients. But whatever happens in this case, it’s likely that the cost of transparency ...

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• 4 April

  Nuclear power is worth saving

    Last week’s bankruptcy of Westinghouse Electric Co. is yet more evidence, if anyone needed any, that the economics of nuclear power are not good. Like coal, nuclear energy can’t compete against cheap natural gas and ever-cheaper renewables. Unlike coal, however, nuclear energy is a crucial tool in the fight against climate change. So the public subsidies that benefit the ...

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