Citi: Oil Prices Are Going Nowhere Next Year

We’ve been here before and since global oil markets are indeed cyclical, Citi’s new oil price forecast for 2019 should not come as much of a surprise. The bank forecasts that global oil prices will average $60 per barrel in 2019, remaining near current…

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Lion Air Stands Firm on Canceling $22 Billion Boeing Jet Orders

(Dec 12): Lion Air Mentari’s owner is sketching out plans to become one of the world’s largest budget carriers, while also preparing to scrap $22 billion in Boeing Co. jet orders out of anger at the manufacturer’s response to an October air disaster.

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Strasbourg Shooting Leaves 4 Dead in Possible Terror Attack

(Dec 12): A shooting at the Christmas market in the French city of Strasbourg late Tuesday left at least four people dead and more than 10 wounded, French media reported. The attack is being investigated as a potential terrorist act, according to the P…

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DEC 11/AUTHORITIES LOSING CONTROL AS DOW/NASDAQ SWING WILDLY TODAY: DOW DOWN 53 POINTS BUT NASDAQ UP A TINY 11 POINTS/GE AND DEUTSCHE BANK CLOSE AT OR NEAR THEIR 2009 LOWS WITH GE AT $6.66 AND DEUTSCHE BANK AT 8.33 EUROS/GOLD LOSES $4.85 TO $1241.95 BUT SILVER HOLDS AS IT REFUSES TO GO DOWN: IT WAS UP ONE CENT TO $14.53/:HUGE STORIES WITH RESPECT TO CHINA TODAY: FIRST TWO RETALIATORY MEASURES INITIATED BY CHINA AND THEN THE USA CHARGES CHINA WITH ESPIONAGE ON THEIR PRODUCTS/JAPAN’S SOFTBANK, HUAWEI’S LARGEST SUPPLIER THREATENS TO STOP BUYING THEIR PRODUCTS BECAUSE OF THEIR ESPIONAGE/CHAOS CONTINUES IN THE UK WITH RESPECT TO BREXIT/FRANCE APPEASES ITS CITIZENS WITH FREE MONEY BUT NOW HAS A PROBLEM AS ITS DEFICIT IS NOW OVER 3.5% OF GDP: ITALY IS NOW THRILLED!!/A CLASSIC SHOWDOWN BETWEEN PELOSI AND TRUMP ON THE WALL: A MUST SEE + MORE SWAMP STORIES FOR YOU TONIGHT/

      GOLD: $1241.95 DOWN $4.85 (COMEX TO COMEX CLOSINGS) Silver:   $14.53 UP 1 CENT (COMEX TO COMEX CLOSING) Closing access prices: Gold :  1243.00   silver: $14.56               For comex gold and silver: DEC           NUMBER OF NOTICES FILED TODAY FOR  DEC CONTRACT: 662 NOTICE(S) FOR 66200 OZ […]

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Malaysia’s CADS wins global datathon challenge

KUALA LUMPUR (Dec 12): Kuala Lumpur-based the Center of Applied Data Science (CADS) recently won the world’s first Global Datathon Challenge.
The participants, comprising four members from CADS’ data science team, were selected as winners from 30 teams…

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Oil Majors Cautious But Upbeat About 2019

After Chevron last week said it will increase its capex for 2019 for the first time in four years, this week two more oil majors joined the ranks of optimists in the oil industry: although they are not raising their budgets in any significant way. Hess…

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Oil Prices Head Higher After API Reports Huge Crude Draw

The American Petroleum Institute (API) reported a huge crude oil inventory draw 10.18 million barrels for the week ending December 7, compared to analyst expectations that we would see a draw in crude oil inventories of 2.990 million barrels. Last week…

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Oil Prices Head Higher After API Reports Huge Crude Draw

The American Petroleum Institute (API) reported a huge crude oil inventory draw 10.18 million barrels for the week ending December 7, compared to analyst expectations that we would see a draw in crude oil inventories of 2.990 million barrels. Last week…

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WTI Jumps Above $52 After Huge Crude Draw

WTI prices rebounded today on renewed optimism that announced production cuts from the OPEC+ coalition will re-balance global markets, and was helped by the fact that Libya’s biggest field remained shut, taking supply off line.

“The Russians committi…

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“The Economy Is Slowing”: Jeff Gundlach Live Webcast

One month after Jeff Gundlach’s latest webcast issued a stern warning to corporate bond investors, warning at just the right time that both corporate and high-yield bonds are at or close to their most extreme levels of overvaluation historically, and t…

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‘Rumble In The Oval’ Sparks Shutdown Fears, Market Mayhem

Don, Chuck, & Nancy (oh, and Mike) battled it out in the Oval Office and sent stocks reeling… they both came out claiming victory though clearly both (and the markets) suffered a fleshwound…

China stocks were majestically bid into the close last…

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Grand sales to stir consumers

The Commerce Ministry has teamed up with the private sector to hold New Year grand sales for 28 days, with up to 13,500 branches of stores participating in the scheme with steep discounts of as much as 80%.

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Farm troubles seen as drag on exports

The private sector remains concerned about farm activity next year, fearing that lower agricultural and agro-industrial shipments will slow the country’s exports to 5% growth for a total of US$268 billion (8.8 trillion baht).

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World Bank: East Asia must adapt to gain

East Asia’s successful development model — a combination of outward-oriented growth, human capital development and sound economic governance — needs to be adjusted to effectively address emerging external and internal challenges, a new World Bank rep…

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Index eyes South Asian, Mideast jobs

Index Creative Village Plc plans to expand its presence into South Asia and the Middle East with the aim of becoming one of the top event management firms in these regions in the next five years.

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B.Grimm issues green bonds

SET-listed B.Grimm Power Plc (BGRIM) has become Thailand’s first real-sector corporation to issue green bonds, worth 5 billion baht, with the Asian Development Bank (ADB) purchasing all the debentures.

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CIMBT: 2019 growth to slow as election stokes uncertainty

Thai economic growth is expected to cool to 3.7% in 2019 from a 4% forecast for 2018, while the general election could be a threat in the short run as foreign investors hold off on plans as they await the outcome, says a senior economist at CIMB Thai B…

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Welfare handout half depleted in 3 days

Half of the 5.66 billion baht distributed to 11.3 million recipients of the government’s welfare and subsidy scheme was disbursed within three days after the handout programme started, says the Comptroller-General’s Department.

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ERC poised to reconfirm Glow ruling

The Energy Regulatory Commission (ERC) is likely to adhere to its recent resolution to derail a takeover effort made by PTT’s unit Global Power Synergy Plc (GPSC) for Glow Energy Plc.

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Purple Line, Phuket light rail among projects up for PPP

The MRT’s Purple Line southern extension from Kanchanaphisek Outer Ring Road to Tao Poon and provincial mass transit projects in Phuket are expected to seek approval from the public-private partnership (PPP) committee early next year before proceeding …

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Nuclear Power Becomes Critical To Arctic Dominance

For many, the Northeast Passage through the Arctic could one day be a ‘Northern Suez Canal’. While icy waters have frozen such dreams, recent advances in nuclear technology might finally unlock the full economic potential of the once-daunting Arctic wa…

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India Hopes To Attract $300B Energy Investments In A Decade

India hopes to attract around US$300 billion in investments in its energy sector in the coming decade, including in refineries, natural gas infrastructure and trade, and liquefied natural gas (LNG) facilities, India’s Petroleum Minister Dharmendra Prad…

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India Hopes To Attract $300B Energy Investments In A Decade

India hopes to attract around US$300 billion in investments in its energy sector in the coming decade, including in refineries, natural gas infrastructure and trade, and liquefied natural gas (LNG) facilities, India’s Petroleum Minister Dharmendra Prad…

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HSBC: These Are The Top 10 Risks For 2019

From a new Eurozone crisis or a liquidity run in the corporate bond markets, to the end of the trade tensions and an outbreak of EM reforms, HSBC economists and strategists highlight the most significant risks to the bank’s central forecast for 2019.

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