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As China's economy falters, some fund managers look to bonds

4 hours ago DieselGasoil Comments Off on As China's economy falters, some fund managers look to bonds
HONG KONG/SHANGHAI (Reuters) – Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee His Shanghai-based ChangAn Xinyi Enhanced Mixed Fund has increased Read More

Trading of LNG derivatives to benefit industry

20 hours ago DieselGasoil Comments Off on Trading of LNG derivatives to benefit industry
By Stephen Stapczynski and Dan Murtaugh on 1/21/2019 SINGAPORE (Bloomberg) — With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off.  Derivatives represented about 2% of global LNG production at the beginning of 2017 as an array of contracts around the world struggled to gain traction. Read More

China's 2018 growth slows to 28-year low, more stimulus seen

1 day ago DieselGasoil Comments Off on China's 2018 growth slows to 28-year low, more stimulus seen
BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s Read More

China should boost banks' active support for economy: central bank official

1 day ago DieselGasoil Comments Off on China should boost banks' active support for economy: central bank official
SHANGHAI (Reuters) – Encouraging China’s banks to actively increase support for the real economy, rather than relying on authorities’ orders to boost lending, is the key to improving the supply of credit in the economy, a central bank official said on Monday. Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured Read More

Canadian oil surge fails to lift producers out of the doldrums

1 day ago DieselGasoil Comments Off on Canadian oil surge fails to lift producers out of the doldrums
By Kevin Orland on 1/20/2019 Photo: Whitecap Resources. CALGARY (Bloomberg) — Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has Read More

Oil gloom turns to boom as China, Fed allay worst fears

1 day ago DieselGasoil Comments Off on Oil gloom turns to boom as China, Fed allay worst fears
By Carlos Caminada and Alex Nussbaum on 1/20/2019 Photo: Federal Reserve Bank of New York CALGARY and NEW YORK (Bloomberg) — Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate. Hedge funds boosted their net wagers on rising Read More

Canadians cry oil crisis as pipeline problem grows worse

2 days ago DieselGasoil Comments Off on Canadians cry oil crisis as pipeline problem grows worse
Sixty percent of Canadians now feel that the country’s oil pipeline capacity has reached crisis levels, according to a new survey from the Angus Reed Institute. Pipeline takeaway capacity has bitten into Canada’s oil revenues as Canada’s Western Canadian Select benchmark price continues to trade at an uncomfortable discount. An astonishing 70 percent of all Read More

China set to post slowest growth in 28 years in 2018, more stimulus seen

2 days ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

Oil hits 2-month high as China truce signals brighter outlook

3 days ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More

Wall Street extends rally on U.S.-China trade optimism

3 days ago DieselGasoil Comments Off on Wall Street extends rally on U.S.-China trade optimism
NEW YORK (Reuters) – U.S. stocks rallied on Friday, helping Wall Street’s major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More