February, 2017

• 18 February

  Shale drilling on a roll as OPEC cuts keep oil above $50

  

    Bloomberg Shale wildcatters pushed ahead on the biggest surge in US oil drilling since 2012 as the explorers take advantage of prices above $50 for more than two months. Rigs targeting crude in the US rose by 6 to 597 this week, the highest total since October 2015, according to Baker Hughes Inc. data reported. Drillers have added 72 ...

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• 18 February

  Gasoline glut has traders sending cargoes abroad

    Bloomberg The biggest gasoline market in the US is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe and eastern Canada, shipping data compiled by Bloomberg show. While at least 6 cargoes that were headed to New York from Europe in ...

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• 18 February

  South Korea’s LPG demand revives with switch to petrochemicals

  

    Reuters A shift in the use of liquefied petroleum gas (LPG) to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits US suppliers. South Korea mainly used LPG to power cars up to 2010, but sales started to spiral down as ...

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• 18 February

  Singapore, Hong Kong restart dual-class push to snag IPOs

  

    Bloomberg Hong Kong and Singapore are at it again. The Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies. Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive ...

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• 18 February

  ‘India’s growth will rebound after cash ban’

  

    Bloomberg India’s growth will bounce back after a sharp slowdown triggered by Prime Minister Narendra Modi’s clampdown on cash, said central bank Governor Urjit Patel. “Almost everyone agrees that the impact is going to be a sharp ‘V,’ that we would have a downgrade of growth for a short period of time,” Patel told CNBC-TV18 in an interview telecast ...

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• 18 February

  Coal-loving Indonesia investor doubles down after 39% gain

    Bloomberg Indonesian stock fund manager Agus Yanuar has trounced his peers and the Jakarta Composite Index over the past year by riding a rebound in commodity prices. Now, the chief investment officer at PT Samuel Aset Manajemen says he’s sticking to his guns. Yanuar’s SAM Indonesian Equity Fund has returned 39 percent in 12 months, more than double its ...

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• 18 February

  S’pore tourism slumps

    Bloomberg Singapore forecasts slower growth in tourist arrivals this year, citing global economic and political uncertainties and stiffer competition from neighbors in the region. Visitors may increase zero percent to 2 percent in 2017, according to the Singapore Tourism Board. Growth was 7.7 percent last year with a record 16.4 million tourists led by visitors from China, India and ...

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• 18 February

  New supercomputer aids climate change research

  

    Bloomberg A new supercomputer in the top coal-mining state has begun critical climate-change research with support from even some global warming doubters, but scientists worry President Donald Trump could cut funding for such programs. The $30 million, house-sized supercomputer named Cheyenne belongs to a federally funded research center. It got to work a few weeks ago crunching numbers for ...

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• 18 February

  Zuckerberg aims to remake a world Facebook helped create

  

    NEW YORK / AP Mark Zuckerberg helped create the modern world by connecting nearly a quarter of its citizens to Facebook and giving them a platform to share, well, everything — baby pictures and Pepe memes, social updates and abusive bullying, helpful how-to videos and live-streamed violence. Now he wants to remake it, too, in a way that counters ...

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• 18 February

  Next-gen antivirus shield against sophisticated security threats

  

    Emirates Business SecureWorks Corp. (NASDAQ: SCWX), a leading provider of intelligence-driven information security solutions, and Carbon Black, the leader in next-generation endpoint security, are teaming up to bring managed, next-generation antivirus (NGAV) protection to clients to block sophisticated security threats. As a part of SecureWorks’ advanced endpoint security solutions, SecureWorks will offer Advanced Endpoint Threat Prevention (AETP), a next-generation ...

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