UK gas storage developer InfraStrata said June 26 that Anita Gardiner is stepping down from her position as director with immediate effect to pursue new opportunities. InfraStrata lists Gardiner, along with Stewart McGarrity, as joint managing directors – although she joined only in 2014, one...
Kogas said June 26 that the first US LNG cargo under long term contract will arrive at its Tongyeong LNG terminal next month. The Korean utility signed a 20-year 2.8mn mt/yr deal with Cheniere in 2012 under which the latter would supply the fuel from its Sabine Pass LNG export terminal. First supplies...
HOME buying sentiment rose for the first time in four weeks amid notable recovery of home sales in outlying areas, latest market data suggest. The area of new residential properties sold, excluding government-subsidized
CHINESE foreign direct investment into the US will fall this year under tightening inspection while the US investment to China will remain robust led by technology and consumer goods sectors, a report
One year ago on June 26 2016, the expanded Panama Canal opened up, providing a short route for US and Atlantic basin LNG exports to Asia. On the first anniversary, the Canal administration says that LNG transits have far exceeded original expectations. "Although we don’t have a breakdown of origin...
A consortium of Spanish companies have formed Red Lyra, the first multisector blockchain-based technology platform. With the caliber of organisations involved plus their past experimentation with blockchain, this could be big for Spanish and global fintech.
Nearly 60% of job candidates surveyed said they had a poor candidate experience, and 72% of those candidates shared that experience online or with someone directly.
...Gold! After all the concerns about interest-rate hikes curbing gold’s appeal, the metal has managed to retain its luster. Since Dec. 15, 2015, a day before the Federal Reserve began its current cycle of U.S. rate increases, bullion has climbed 18%. The barbarous relic has outperformed the broadest measure of US stocks (NYSE composite) as the long-bond is unchanged since Dec 2015 and commodities plunging back after inflation hope fades. As Bloomberg notes, non-interest-bearing gold is getting an added boost from speculation that the Fed will be slow to raise rates further, with 10-year Treasury yields near the lowest since November (below where they were at the start of the rate-hike campaign in 2015) and the yield curve has collapsed each time The Fed hiked rates... Perhaps the yield curve is reflecting the post-China-Credit-Impulse collapse in US macro data (no matter how hard and fast economists cut estimates, it's still disappointing)... But then again, there is a bigger divergence... between inflation and earnings expectations that could spell trouble for investors, according to a note by analysts at Strategas Research Partners. As Bloomberg notes, while the U.S. Treasury curve has flattened, with 10-year yields falling, equity analysts are staying bullish on earnings growth. “The factions are known to disagree from time to time, but are rarely both right supporting divergent views,” analysts led by Nicholas Bohnsack, wrote in a note to clients Thursday. “Stay tuned.”
Energy suppliers have a chance to come up with alternatives to capping prices, suggests industry body.
The Italian government has sorted out these two Veneto banks at a potential cost of some €17 billion. That's a cost we should assign to euro membership--and then start to consider how much higher those costs are going to get.