newszine

Hong Kong banks say threat of massive cash withdrawals by protesters won’t cause problems

5 hours ago DieselGasoil Comments Off on Hong Kong banks say threat of massive cash withdrawals by protesters won’t cause problems
Banks in Hong Kong say they can cope with a sudden increase in demand for cash after reported calls by protesters to take out and convert their money to dollars in a bid to put pressure on the local authorities. After several weeks of chaos in the streets and a shutdown of the city’s airport, Read More

Benzene market tightens on naphtha supply buildup

6 hours ago DieselGasoil Comments Off on Benzene market tightens on naphtha supply buildup
Highlights Naphtha-benzene spread hits two-year high Naphtha oversupply pressuring pricing London — The spread between benzene and naphtha hit a two-year high this week at $385/mt Wednesday — the widest point since December 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The spread was last seen at $353/mt Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

8 hours ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

Refinery news roundup: Africa launches come into focus

8 hours ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

9 hours ago DieselGasoil Comments Off on Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
LONDON/NEW YORK (Reuters) – Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. FILE PHOTO: Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China’s flag Read More

British ski instructor jailed for 10 years over Australia rape

9 hours ago DieselGasoil Comments Off on British ski instructor jailed for 10 years over Australia rape
A British ski instructor who punched and bit a woman while raping her in the street after violently attacking her male friend has been jailed for 10 years. Matthew James Williams, 29, who pleaded guilty in April, committed the vicious attack in July, last year, in Jindabyne, a resort town in the Snowy Mountains around Read More

After ban on screening Indian films, Pakistan goes after its adverts & Bollywood merchandise

9 hours ago DieselGasoil Comments Off on After ban on screening Indian films, Pakistan goes after its adverts & Bollywood merchandise
Pakistan has just upped the ante in its crusade against India’s cultural influence, banning Indian ads and sales of Bollywood films on CDs. Some compact disc shops in Islamabad have already been raided by police. Airing Indian advertisements or ads featuring Indian actors or characters on electronic media is now illegal in Pakistan, according to Read More

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?

11 hours ago DieselGasoil Comments Off on Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during Read More

STAR Market tech board offers hope to Chinese venture capitalists

12 hours ago DieselGasoil Comments Off on STAR Market tech board offers hope to Chinese venture capitalists
SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the Read More

Weight of history: Chongqing Steel and China’s state sector dilemma

13 hours ago DieselGasoil Comments Off on Weight of history: Chongqing Steel and China’s state sector dilemma
CHONGQING, China (Reuters) – A year and a half ago, Chongqing Iron and Steel Corp (CISC) (601005.SS)(1053.HK), China’s oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped. A worker walks past steel rolls at the Chongqing Iron and Steel Read More