Bloomberg US President Donald Trump said he “couldn’t care less†if details from his conversation with Russian leader Vladimir Putin were released. Trump was responding to a Washington Post report, which said he went to great lengths to hide details of his discussions with Putin. Trump took possession of his interpreter’s notes after a 2017 meeting in Hamburg and instructed ...
Read More »Democrats force vote to keep Deripaska sanctions
Bloomberg US Senate Minority Leader Chuck Schumer says he will force a vote next week on a measure to block the Treasury Department’s plans to lift sanctions on three Russian companies linked to oligarch Oleg Deripaska, who is reported to be under scrutiny by Special Counsel Robert Mueller in his probe of Moscow interference in the 2016 presidential election. Schumer’s ...
Read More »Yellow vests gather across France for ninth weekend
Bloomberg Tens of thousands of France’s Yellow Vest protesters rallied around the country again on Saturday as the movement tries to rebuild momentum after declining turnouts in recent weeks and as public support wanes. The ninth weekend of demonstrations came days before President Emmanuel Macron launches a national debate intended to dispel the anger exposed by the recent violent protests, ...
Read More »Markets signal US more likely hurtling towards recession
Bloomberg Many financial markets are already signalling that the US is more likely than not hurtling towards recession. But will they prove prescient or overly fretful? The prospect of a widespread yield inversion in the Treasury market, which has preceded US downturns for more than half a century, has generated the most alarm and is edging even closer to fruition. ...
Read More »Tech stocks witness solid gains in 2019
Bloomberg Technology stocks have seen solid gains since tumbling to a 15-month low late last month, but investors aren’t convinced that that low represents a bottom for the sector, which has been volatile amid questions over growth and valuation. The S&P 500 information technology index is up 10 percent since the close of trading on December 24, when it ended ...
Read More »Saudi Aramco could sell $10bn bond to acquire stake in Sabic
Bloomberg Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp, according to the country’s Energy Minister Khalid Al-Falih. The kingdom will decide in the “next few weeks†about the size of the proposed bond, though the offering would not be “huge,†Al-Falih told reporters in Abu ...
Read More »Russia eyes island storage for Arctic gas
Bloomberg Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs. Saibu Gas Co, which last month signed a preliminary deal to allow Russia’s biggest LNG producer to use its storage facilities, said it may build two ...
Read More »Chevron touts shale as electric cars dim big oil’s future
Bloomberg Chevron Corp will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy. The US oil giant will spend about $9 billion to $10 billion a year on “short-cycle investments†through 2022, primarily focussed on ...
Read More »Alberta keeps oil cuts at January levels
Bloomberg Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged. The province’s oil producers collectively must cut February output by 325,000 barrels a day, according to an email from Mike McKinnon, an energy ministry spokesman. The baseline for the cuts is the highest single month of production ...
Read More »Pressure mounts on Huawei after spying arrest
Bloomberg As Poland added to the global scrutiny of Huawei Technologies Co with the arrest of a company employee and a local former security agent, the country’s authorities also exposed the division in Europe over policy towards the Chinese technology giant. Huawei is facing increasing pressure across the European Union amid growing concerns that Beijing could use the company’s equipment ...
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