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Forex Reserves Surge $5.65 Bn To $475.56 Bn

The reserves had touched a life-time high of $487.23 billion in the week to March 6, after it rose by $5.69 billion.
Read by 33% of LPs 4 hours, 5 minutes ago

Jpmorgan Takes Full Control Of Chinese Mf Jv, To Buy Out Local Partner

The US bank is buying a 49 per cent stake held by Shanghai International Trust Co. to take full ownership of the venture. The post JPMorgan takes full control of Chinese MF JV, to buy out local partner appeared first on DealStreetAsia.
Read by 53% of LPs 7 hours ago

Energy Alert: "producers To Take Extra Precautions Under Texas First Purchaser Statute" | Porter Hedges Llp

In consideration of the recent decline in oil prices and more widespread concerns throughout domestic and global markets related to the spread of COVID-19, oil and gas producers should review their marketing arrangements to ensure that they are...By: Porter Hedges LLP.
Read by 60% of LPs April 02, 2020

Canadian Solar Raises Us$30 Million From The China-portuguese Speaking Countries Cooperation And Development Fund

GUELPH, Ontario, April 2, 2020 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced today that it has closed US$30 million in funding from the China-Portuguese Speaking Countries Cooperation...
Read by 72% of LPs April 02, 2020

Oil Market Shock To Affect Global Supply Chains, Energy Sector: Iea | Business Standard News

Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.
Read by 30% of LPs April 01, 2020

Closing Prices For Crude Oil, Gold And Other Commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels. : Benchmark crude oil fell 17 cents to settle at $20.31 a barrel Wednesday. Brent crude oil, the international standard, fell $1.61 to close at $24.74 a barrel. Wholesale gasoline fell 5 cents to 55 cents a gallon. Heating oil fell 7 cents to 93 cents a gallon. Natural gas dropped 5 cents to $1.59 per 1,000 cubic feet. Gold fell $5.20 to $1,591.40 an ounce, silver dropped 17 cents to $13.98 an ounce and copper lost 5 cents to $2.17 a pound.
Read by 55% of LPs April 01, 2020

'we Are The Verge Of A Massive Collapse': Ex-energy Secretary Perry Says Covid-19 Will Ravage Oil Industry

"I'm telling you, we are on the verge of a massive collapse," Perry said of the impact the plunge in oil prices could have on U.S. operators.
Read by 44% of LPs April 01, 2020

'we Are The Verge Of A Massive Collapse': Ex-energy Secretary Perry Says Covid-19 Will Ravage Oil Industry - News - Middletown, Ny

Former Energy Secretary Rick Perry believes that the oil industry could collapse because of the dramatic decrease in demand worldwide caused by the coronavirus outbreak. "Our capacity is full. The Saudis are flooding this market with with cheap oil," Perry told Fox News Tucker Carlson on Tuesday night. "I'm telling you, we are on the verge of a massive collapse of an industry that we worked awfully hard, over the course of the last three or four years, [...]
Read by 80% of LPs April 01, 2020

Bmo Hikes Gold Forecast; Prices 'natural Beneficiary' Of Low Interest Rates | Kitco News

(Kitco News) - BMO Capital Markets upgraded its forecast for gold prices Wednesday while downgrading the outlook for many other commodities.
Read by 64% of LPs April 01, 2020

Coronavirus: Canadian Rail Blockades Could Impact U.s.-canada Trade And Investment Opportunities For A Long Time | Fortune

An estimated 1,400 freight and passenger trains were sidelined by national rail line CN Rail alone over the course of a few weeks.
Read by 70% of LPs