March, 2017

• 1 March

  Canada may have US to thank for its first-ever LNG exports

  

    Bloomberg Canada’s first exports of liquefied natural gas may soon be heading overseas — from a port in Louisiana. A year ago, Cheniere Energy Inc. built an LNG export terminal along Louisiana’s coast and became the only company shipping US shale gas by tanker. Now it’s looking for supplies to send abroad from as far off as the Montney ...

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• 1 March

  Sasol $11bn US project on track for 2018 start

    Bloomberg Sasol Ltd., the world’s biggest producer of liquid fuels from coal, said the first units at its Lake Charles chemical project will start operating in 2018, as the company reported lower first-half profit because of currency losses and a strike. The Lake Charles project is 64 percent complete and still within its $11 billion budget, co-Chief Executive Officer ...

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• 1 March

  Refiners gain as Trump denies change to biofuels rules

  

    Bloomberg Shares of US refiners pared gains after President Donald Trump’s administration denied that it was considering a proposal to change biofuel blending rules. Billionaire investor Carl Icahn and the leading US biofuel trade group struck a deal to revamp a law that mandates oil refiners to either blend petroleum-based fuels with ethanol and biodiesel, or buy blending credits ...

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• 1 March

  BP targets $40 break-even oil price to reassure investors

  

    Bloomberg BP Plc said it will need a crude price of about $40 a barrel in 2021 to cover spending and dividends, down from $60 this year, as Chief Executive Officer Bob Dudley seeks to reassure investors on the oil major’s growth outlook and finances. The break-even level will fall as BP keeps capital spending at no more than ...

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• 1 March

  Australia’s growth comeback may not be as good as it seems

  

    Bloomberg Australia’s smashing growth may not be quite as good as it seems. It’s clear that China’s renewed resource binge has brought back the good times for its commodity-driven economic satellite, emboldening Aussie households to ease up saving and ramp up spending. And the outlook for the world’s No. 2 economy looks like it will remain good for some ...

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• 1 March

  China’s richest win with Trump effect

  

    Bloomberg Not even Donald Trump can put the brakes on China’s wealth-creation machine. The 36 Chinese billionaires on the Bloomberg Billionaires Index have increased their wealth by 13.2 percent since the real estate mogul was elected US president on Nov. 8, a $39.2 billion increase that’s pushed their combined net worth to $336 billion. The gains top those seen ...

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• 1 March

  China to order steel, aluminum curbs to fight pollution

  

    Bloomberg China has ordered curbs on steel and aluminum output in as many as 28 northern cities during the winter heating season as it steps up its fight against pollution, according to people with knowledge of the matter. The cuts include halving steel capacity in four major cities, including top producer Tangshan in Hebei province, according to the people, ...

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• 1 March

  London attracts super-rich even as Brexit concerns bite

  

    Bloomberg The super-rich will continue to flock to London, despite the political and economic concerns around the UK’s intention to leave the European Union, according to a report published on Wednesday by property broker Knight Frank LLP. The number of ultra-wealthy people living in the UK capital is expected to climb by 30 percent to 6,058 over the next ...

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• 1 March

  Scrutiny escalates in Fiat Chrysler diesel-car probe

  

    Bloomberg Fiat Chrysler Automobiles NV said the US Securities and Exchange Commission and states’ attorneys general are investigating its diesel models, as scrutiny escalates of vehicles that environmental regulators have said violate pollution laws. Following US Environmental Protection Agency allegations in January that Fiat Chrysler put software in Jeep and Ram diesel models allowing them to exceed pollution limits, ...

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• 1 March

  UK house price rises as market strength persists

  

    Bloomberg UK house prices rose more than expected in February, according to Nationwide Building Society, a sign that the market’s strength has extended into this year. Prices gained 0.6 percent from January, a third month of gains. Economists predicted an increase 0.2 percent. From a year earlier, prices climbed 4.5 percent to an average of 205,846 pounds ($254,000). Britain’s ...

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