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  • India Considers Selling Stakes in Its Mammoth Coal, Zinc Miners

    From bnnbloomberg.ca

    India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via the so-called offer-for-sale mechanism, the people said, asking not to be identified as the details aren’t yet public. In all, five firms could be chosen, including a listed entity under the railway ministry, they added. At ... (full story)

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    Trafigura to sell Adnoc base oils in LatAm exclusively

    From argusmedia.com|Nov 25, 2022

    Abu Dhabi's state-owned Adnoc has appointed Trafigura as the exclusive seller of its Group III base oils in Latin America. Adnoc produces 500,000 t/yr of Group III base oils and ...

    Global Growth to Be as Weak Next Year as 2009, IIF Forecasts

    From bnnbloomberg.ca|Nov 24, 2022

    The world economy will be as weak next year as it was in 2009 after the financial crisis as the conflict in Ukraine risks becoming a “forever war,” the Institute of International ...

    Asia week ahead: PMI reports to show impact of China restrictions

    From think.ing.com|Nov 24, 2022

    Regional PMIs: Both official manufacturing and non-manufacturing PMIs for China should be in deeper contraction in October as the number of Covid cases increased, affecting both ...

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    China central bank to offer cheap loans to support developers' bonds-sources

    From devdiscourse.com|Nov 25, 2022

    China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest ...

    The G-7 may cap Russia’s oil price — but it won’t dent Moscow’s war chest, analysts say

    From cnbc.com|Nov 25, 2022

    The Group of 7 nations are in talks to cap Russian oil at $65 and $70 a barrel — but analysts say it likely won’t have a significant impact on Moscow’s oil revenues even if it’s ...

    German economy sees stronger growth in 3rd quarter

    From apnews.com|Nov 25, 2022|4 comments

    Germany’s economy saw stronger growth in the third quarter than expected as consumer spending picked up following the lifting of pandemic restrictions. Officials figures released ...

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  • Posted: Nov 25, 2022 2:39am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 408
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