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BAT Malaysia upgraded to buy at UOB Kay Hian

KUALA LUMPUR (Jan 19): UOB Kay Hian analyst Vincent Khoo upgraded the recommendation on British American Tobacco (M) Bhd to buy from hold.
Khoo lowered the target price to RM36.50 from RM42.50, implying a 12 percent increase from the last regular trade…

KLCI ticks up as key blue chips lift

KUALA LUMPUR (Jan 19): The FBM KLCI ticked up in early trade this morning in line with the gains at most regional markets, lifted by key index-linked blue chips.
At 9.05am, the FBM KLCI rose 3.12 points to 1,824.72.
The early gainers included Petronas …

Are Hedge Funds Pushing Oil Prices Too High?

Hedge funds and other money managers continue to gobble up bullish bets on oil futures, but the speed with which spot prices have risen in the past few weeks raises the prospect of a short-term correction. Major investors continue to push their bullish…

Iraq Is Troubling The Oil Majors

Shell decides to pull the plug on Iraq. A day later, Chevron announces its return to Iraq. The oil majors are heading in opposite directions when it comes to investing in oil in the war-torn country, a sign of how differently they view the relative ris…

Germany’s Unstoppable Renewable Revolution

With many regions skewed toward greater political uncertainty, sources of constancy and dependability are valued commodities…  Once the “sick man” of Europe, Germany has emerged over the past decade as an economic powerhouse and bulwark of stability, b…

API Reports Seventh Large Crude Draw In Seven Weeks

The American Petroleum Institute (API) reported a large draw of 5.121 million barrels of United States crude oil inventories for the week ending January 12, marking seven large draws in seven weeks, according to the API data. Analysts had expected a dr…

Unexpected Phenomenon Observed In Lithium-Ion Batteries

Brookhaven National Laboratory scientists have observed an unexpected phenomenon in lithium-ion batteries – the most common type of battery used to power cell phones and electric cars. As a model battery generated electric current, the scientists witne…

Crypto-Miners Buy Russian Power Stations

Two electric power stations in Russia were recently sold to a cryptocurrency miner looking to expand his operations – the latest sign that the country’s government-supported push to become a cryptocurrency mining hub has been successful. The two statio…

Colombia’s Crude Exports Fall Amid Unrest

Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start this year, however, export volumes have dropped off conside…