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China’s natural gas demand could hurt Europe's energy transition
... result of coronaviruses curbs, the nation has added to inventories, enabling importers to capitalize on high prices by reselling cargoes - boosting the availability of shipments for European buyers, said Samantha Dart , head of natural gas research at Bloomberg Television . They have been reselling their LNG cargoes out of the spot market. The more they resell, the more they have available for Europe, Dart said. That brings up an important risk that China's economic activity picks up, we may see this change ...
Updated: 07/21/2022
S.africa’s central bank to raise interest rates
... they see a chance of a bigger move. There is a growing risk that the South African Reserve Bank might follow the boldness displayed by global central banks, said Elize Kruger , an independent economist. The decision will be announced during a virtual televised briefing that starts at 3 p.m. in Pretoria. The central bankers of the world are putting in place the most aggressive monetary policy in decades to keep pace with rising inflation. It creates the risk of eroding the differential that makes local ...
Updated: 07/21/2022
Circle K owner attempts to take over Petro-Canada gas stations
... eastern part of the country. Couche-Tard , I think, would have a hard time buying the whole network. There would be competition issues there, and there would be concentration issues, said Ryan Bushell, president of Newhaven Asset Management Inc., on BNN Bloomberg Television . Parkland Corp., a Canadian fuel retailer, has also been in acquisition mode, but with a stock market value of $5.2 billion, Petro-Canada would be a big bite, Bushell said. I'm interested to see if a third player or maybe an international ...
Updated: 07/19/2022
US aircraft financier at Airshow with more orders
... GE is due to parts shortages, high inflation and a surge in airlines sending their power plants for service. Qatar Says Heathrow Should Have Seen It Coming 1: 40 p.m. Al Baker, who represents Qatar's sovereign wealth fund on the Heathrow board, told Bloomberg Television he understood staffing issues facing the hub but was disappointed by its lack of foresight. The aviation executive said that they should have seen this coming and they should have taken mitigating actions. Heathrow decided to impose a two-month ...
Updated: 07/19/2022
Equity markets subdued as Apple plans slow hiring
... that high inflation and monetary tightening are squeezing consumers and employment, and that an equity revival could be a short respite from a bruising bear market. Anthony Saglimbene , Global Market Strategist at Ameriprise Financial Inc. , said on Bloomberg Television that corporations headlines are going to drive market activity over the next couple of weeks. He said that labor and input costs and demand are a big factor in the outlook. It's possible for homeowners to temporarily halt mortgage payments ...
Updated: 07/19/2022
Couche-Tard's sale turns the spotlight on Suncor
... eastern part of the country. Couche-Tard , I think, would have a hard time buying the whole network. There would be competition issues there, and there would be concentration issues, said Ryan Bushell, president of Newhaven Asset Management Inc., on BNN Bloomberg Television . Parkland Corp., a Canadian fuel retailer, has also been in acquisition mode, but with a stock market value of C $5.2 billion, Petro-Canada would be a big bite, Bushell said. I'm interested to see if a third player or maybe an international ...
Updated: 07/18/2022
Canada’s rate hike ‘frontloading’ raises risk for economy
... have their doubts about the landing of Canada, and they worry that it will be harder than the Bank expects. A soft landing here is a bit like parking a car at 60 miles an hour, said Mark Wiseman , chair of Alberta Investment Management Corp., on BNN Bloomberg Television . You have to be a driver, not just a skilled driver, but an extremely skilled driver and a little bit lucky. Capital Economics Stephen Brown says that the front-loading argument is based on recent research by the Bank of International Settlements ...
Updated: 07/18/2022
Oil prices up after Biden leaves Middle East without output hike
... group Ineos, one of Europe's biggest gas users, run by billionaire Jim Ratcliffe , echoed comments made by Shell chief executive Ben van Beurden that rationing could be introduced this winter. Brian Gilvary, the executive chairman of Ineos, told Bloomberg Television that it looks pretty dire for this winter, as we're not sure if we'll get to the targets we need for storage. If Nord Stream 1 doesn't come back, it's inevitable. We will definitely see rationing in Europe.
Updated: 07/18/2022
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