Author Archives

• Russian investors keen to invest in Saudi Aramco’s IPO

  By admin1 on October 14, 2019 • ( 0 )

  

  The development underscores a growing closeness between Moscow and Riyadh. In a development that underscores growing trade relations between Saudi Arabia and Russia, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF stated, a number of Russian… Read More ›

• Malaysian palm oil exports could be hit by Indian trade action

  By admin1 on October 14, 2019 • ( 0 )

  

  Kuala Lumpur’s relations with New Delhi took a downward turn following Malaysian Prime Minister Mahathir Mohamad alluding to an Indian state as a separate country in the United Nations. According to a report from news wire Bernama, Malaysia’s Prime Minister… Read More ›

• U.S. construction and engineering firm AECOM close to selling its management services business to a consortium of private equity firms

  By admin1 on October 14, 2019 • ( 0 )

  

  Earlier this year, activist investor Starboard Value had urged the company to consider a strategic review of its assets. As per a report from Bloomberg, U.S. construction and engineering firm AECOM is said to be nearing a $2.4 billion deal… Read More ›

• China’s import of pork & beef at new record for first nine months of 2019

  By admin1 on October 14, 2019 • ( 0 )

  

  Data from the General Administration of Customs shows a sharp increase in the import of proteins by China in the first nine months of this year. On Monday, customs data showed, China’s import of pork and beef have surged. Pork… Read More ›

• U.S. energy firm ConocoPhillips to sell Australian assets to rival Santos Ltd for $1.39 billion

  By admin1 on October 14, 2019 • ( 0 )

  

  ConocoPhillips is however retaining its LNG plant located in Queensland, Australia. On Monday, ConocoPhillips, a U.S. energy company stated, it has agreed to sell the bulk of its Australian assets to Santos Ltd, a rival, for $1.39 billion. The deal… Read More ›

• Russia expands “de-dollarisation” policy to include energy exports

  By admin1 on October 13, 2019 • ( 0 )

  

  Moscow aims to trim its exposure from to U.S. sanctions. On Sunday, in a significant development, Russian Economy Minister Maxim Oreshkin stated, Moscow is exploring alternatives to the U.S. dollar for energy transactions and is evaluating currency settlements in euros… Read More ›

• China hoping for partial trade deal, respite from U.S. tariffs

  By admin1 on October 11, 2019 • ( 0 )

  

  It is important to note that concessions made by China are largely insignificant and non-systemic. U.S. demands that it stops the forcible transfer of U.S. technology to Chinese firms, stop industrial espionage, stop non-compliance of U.S. intellectual property rights, have… Read More ›

• JPMorgan sees 50% possibility of a Brexit deal being struck by Britain and the EU

  By admin1 on October 11, 2019 • ( 0 )

  

  While earlier it had placed this likelihood at just 5%, following Boris Johnson’s upbeat meeting with his Irish counterpart Leo Varadkar, the bank has placed the likelihood of a deal at 50%. On Friday JPMorgan stated, it now expects Britain… Read More ›

• Indonesia to file WTO complaint against EU in November over palm oil

  By admin1 on October 11, 2019 • ( 0 )

  

  Earlier this year the EU had issued a policy directive, known as RED II, citing excessive deforestation because of cultivation of palm oil. On Friday, Wisnu Wardhana, foreign trade director general at Indonesia’s Trade Ministry stated, the government is aiming… Read More ›

• Investors dump stocks midst “bearish paralysis” on Wall Street

  By admin1 on October 11, 2019 • ( 0 )

  

  Investor appetite for equities saw a low following growing global uncertainties. They have channeled $11.1 billion in the bond market as of Wednesday. On Friday, Bank of America Merrill Lynch disclosed, $11.1 billion flowed into the bond market in the… Read More ›