[ad_1] View of Iran’s oil industry installations in Mahshahr, Khuzestan province, southern Iran.Kaveh Kazemi | Getty ImagesOil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future.Andy Lipowpresident at Lipow Oil Associates”The recent Israel military action is unlikely to be seen by the market as leading to an escalation that impacts oil supply,” Citi analysts wrote in a note on Monday, cutting the bank’s Brent oil forecast by $4 to $70 per barrel over the next three months.Oil markets are also staring at…
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[ad_1] October 2024 has brought back memories of the market chaos triggered by the coronavirus pandemic. The Indian stock market benchmark, Nifty 50, has seen the sharpest drop since the crash of March 2020. The Nifty 50 index has slipped 6.32 per cent in October so far. It has lost 8 per cent from its all-time high of 26,277.35, recorded on September 27, over just 19 trading sessions.This recent sell-off has resulted in 35 constituents of the index to trade between 10% and 39% below their recent one-year peaks as per the Trendlyne data.The reasons behind the crash are clear.…
[ad_1] Zilch Expands Securitisation to £150M with Investment from Major Global Credit Funds with Deutsche Bank (Graphic: Business Wire)Zilch Secures Investment from Major Global Investment Funds allowing Annual Sales to grow to £10bn (Photo: Business Wire)LONDON, October 28, 2024–(BUSINESS WIRE)–Zilch, the fintech payments innovator of the world’s first ad-subsidised payments network (ASPN), today announces the successful expansion of its securitisation facility by an additional £50 million, bringing the total to £150 million. This latest round includes participation from two of the world’s largest credit funds, alongside lead arranger Deutsche Bank.The total deal will allow Zilch to support £10 billion in…
[ad_1] (Bloomberg) — The yen fell after Japan’s ruling coalition failed to win a majority in parliament, stoking speculation the political uncertainty would impact the central bank’s rate-hike policy. Crude slumps after Israeli strikes on Iran avoided oil facilities. Most Read from Bloomberg The Japanese currency fell as much as 1% to 153.88 per dollar Monday, the weakest level in about three months, after a gamble by Prime Minister Shigeru Ishiba to call a snap election backfired. The weaker yen, which benefits the nation’s export-oriented economy, helped push the Topix index up by as much as 1.6%. Much of the…
[ad_1] Many investors define successful investing as beating the market average over the long term. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. We regret to report that long term PETRONAS Chemicals Group Berhad (KLSE:PCHEM) shareholders have had that experience, with the share price dropping 37% in three years, versus a market return of about 15%. The more recent news is of little comfort, with the share price down 25% in a year.Now let’s have a look at the company’s fundamentals, and see if the long term shareholder return has…
[ad_1] India, known as the world’s back office, could supplant China to become Asia’s top real estate investment destination, according to analysts.Known for attracting multinationals to set up their global capability centres (GCC), India is becoming a major investment magnet for many global players, they said.However, it will take time before Asia’s third-largest economy solidifies its position as the premier investment destination, given that China and Japan have a more developed ecosystem to facilitate investment, according to Ada Choi, head of research for Asia-Pacific at CBRE.In May, Singapore’s GIC and partner Xander Group acquired a 100 per cent stake in…
[ad_1] BEIJING (Reuters) -China’s central bank announced on Monday it had activated its open market outright reverse repo operations facility and would use it to trade with primary dealers in open market operations on a monthly basis. The bank took the decision to maintain a “reasonable abundance of liquidity in the banking system and further enrich the central bank’s monetary policy toolbox,” it said in a statement. State-owned Shanghai Securities News said in an article published shortly after the People’s Bank of China’s (PBOC)notice that the facility was expected to cover three- and six-month tenors and that it would aid…
[ad_1] Motor racing hasn’t always been a display of precision engineering. “Twenty years ago you built the car and found a wishbone would be going through a piece of body work; drill that out and you find the axles are in the wrong place,” Williams CEO James Vowles told CNBC’s “Inside Track.”Yet with 24 races packed into the modern Formula One season and a limit on how much money you can spend competing, even minor mistakes can cost titles. To avoid them, teams are relying more heavily on digital tools. Car designs are thrashed out virtually before being uploaded to a…
[ad_1] If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But the long term shareholders of Enero Group Limited (ASX:EGG) have had an unfortunate run in the last three years. Regrettably, they have had to cope with a 71% drop in the share price over that period. And the ride hasn’t got any smoother in recent times over the last year, with the price 27% lower in that time. More recently, the share price has dropped a further 10% in a month.With that in mind, it’s worth seeing if the…
[ad_1] What could the results of the US presidential election mean for oil and gas equities?We always consider a range of outcomes on key issues depending on who takes the White House, but the main takeaway is: “It doesn’t matter.”Energy equity performance during the last 36 years vindicates this response: There’s no clear relationship between the party holding the presidency and energy equity performance or outperformance. Including Congressional control shows no relationship, either. Energy has performed better under the Democrats, but we find that to be coincidental to other, more important factors. The same holds true for US production output,…