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...Baker’s Lorenzo Simonelli was less chipper: “The demand outlook for the next 12 to 18 months is deteriorating as inflation erodes consumer purchasing power and central banks aggressively raise interest...
...Bank vice-president for equitable growth, finance and institutions, in a blog post in March....
...The bank’s challenge, as a result, will be to present a united front against its competitors....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...Thanks to a series of court rulings since the mid-2000s, such as eBay v MercExchange in 2007, Mayo Collaborative Services v Prometheus Laboratories in 2012 and Alice Corp v CLS Bank in 2014, and the subsequent...
...At noon the Bank of England’s Monetary Policy Committee releases minutes and its decision on interest rates....
...The $4.2bn project last year received a $2.05bn loan from the Japan Bank for International Cooperation, or JBIC, as well as separate funding from a syndicate of commercial banks, including The Bank of Tokyo-Mitsubishi...
...But oil and gas companies may need to act faster if the ambitious plans of other large energy companies succeed....
...ECB watch Opec won’t have the spotlight all to itself on Thursday: The European Central Bank will also hold a meeting. Economists broadly expect the central bank to hold pat on policy....
...Additionally, a substantially weakened pound is increasing companies’ costs by lifting prices for imported oil, commodities and components....
...There were a gazillion banks on the ticket, including Citi, and hardly any independent research....
...Worldview, which holds 29 per cent of the shares of oil explorer Petroceltic, plans to oppose a $175m bond issue by the company. This could include legal action, the investor notes....
...The company was also “highly levered to oil and gas prices through its producing assets in the Gulf of Mexico and California”, analysts at Nomura said....
...It would be cruel to name the banks and consulting firms that started the year predicting $150 oil prices or the companies whose downside plans were based on prices which “couldn’t” fall below $100....
...The New Yorker looks at whether the former oil tycoon could displace Vladimir Putin....
...The oil price plunge On the back of worries about low global growth, the oil price began falling in the middle of the year....
...Markit’s service sector purchasing managers index rose from 49 in June to 50.4 in July, the highest level since March....
...(Bloomberg) The ruling in a $100bn damages claim against Russia by shareholders of the defunct Yukos oil company will be revealed on Monday in a step that could provoke new recriminations between Moscow...
...Gaddafi’s oil-rich Libya amassed tens of billions of dollars already identified, with much more likely unaccounted for. Money has been stashed in banks in the Gulf, experts say....
...(Financial Times) “China’s top refining company joined the country’s largest oil producer in saying it would cut capital spending this year....
...(Financial Times) US jury rules against BoA in mortgage trial: Bank of America defrauded two government-backed mortgage companies by selling them defective home loans, a jury found on Wednesday, delivering...
..., oil gain Asian stocks rose for a seventh day and oil advanced before a monthly U.S. jobs report and data this weekend on Chinese industrial production....
...That’s why financials, especially large banks, energy sector, anything to do with oil and coal, rallied today.”...
...The energy investment bank Simmons says the 28 companies it covers have less production hedged than at any time since it began tracking derivative contracts in 2006....
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