Friday , 24 May 2019

Business

Here’s Why US-Produced LNG Cannot Hold a Candle to Russian Gas in Japan

In January, the United States began shipping domestic-produced shale gas to Japan. On January 8, the first tanker delivered 70,000 tons of shale liquefied natural gas (LNG) to a thermal power plant in Joetsu, Niigata Prefecture, operated by Chubu Electric Power Co. In the beginning of the year, the average price of imported gas in Japan was $7.5/MMBtu, according to …

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Davos 2017: Business leaders prepare to temper Trump

Donald Trump’s hand-picked policy advisers have indicated that some of his most controversial campaign promises may never be fully implemented. The BBC spoke to members of the Strategic and Policy Forum, a group of 19 business leaders who will meet with the incoming president, who will be sworn in on Friday, on a regular basis to help shape his economic …

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Israel Allows Gas, Diesel Deliveries Into Gaza Strip Amid Electricity Crisis

REUTERS/ Ibraheem Abu Mustafa

Israeli authorities opened a land crossing on Friday to allow the delivery of cooking gas and diesel into the Gaza Strip suffering from electricity power crisis, media reported. According to Palestinian Ma’an news agency, 160,000 gallons of diesel and 120 metric tons of cooking gas will be delivered into the enclave through the Karam Abu Salem crossing. The enclave faced an electricity crisis with many districts receiving energy for only three hours …

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Trump team touts $8 billion Bayer investment

German-based Bayer AG has committed to President-elect Donald Trumpthat it will invest $8 billion in American research and development as part of its deal to acquire Monsanto, Trump’s transition team said Tuesday. Incoming White House press secretary Sean Spicer told reporters that Bayer will also protect all of Monsanto’s 9,000 American jobs while creating an additional 3,000 high-tech positions in …

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Beijing’s currency manipulation

Bobby Yip / Reuters

The Chinese government is willing to work with the new US administration to promote the healthy development of commercial ties, said China’s Commerce Ministry spokesman Sun Jiwen. “I believe China and the United States can resolve any disputes through dialogue and negotiation and that the China-US commercial relationship will not significantly stray from the path of mutual benefit,” Sun told …

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Here’s Why US-Produced LNG Cannot Hold a Candle to Russian Gas in Japan

In January, the United States began shipping domestic-produced shale gas to Japan. On January 8, the first tanker delivered 70,000 tons of shale liquefied natural gas (LNG) to a thermal power plant in Joetsu, Niigata Prefecture, operated by Chubu Electric Power Co. In the beginning of the year, the average price of imported gas in Japan was $7.5/MMBtu, according to …

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$25 trillion investment needed to meet future oil demand

Joel Angel Juarez / Global Look Press / ZUMA Press

The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World Economic Forum in Davos on Tuesday. According to the CEO of Saudi Arabia’s giant state-held oil company, global demand for oil and gas will still grow in the coming decades, …

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Goldman Sachs profit soars on post-election surge in trading

Goldman Sachs Group Inc (GS.N) reported a nearly fourfold rise in quarterly profit on Wednesday, benefiting from a surge in trading following Donald Trump’s surprise win in the U.S. presidential election. The fifth largest U.S. bank by assets, which relies more on revenue from trading stocks and bonds than other Wall Street companies, posted a 25 percent jump in trading …

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