Showing results for "2 march"

Energy transition begins at home with Saudi Green Initiative

  • The Saudi Green Initiative — to be unveiled with fanfare today — will hammer home the message that the Kingdom will carry into the 2021 UN Climate Change Conference in Glasgow next month: That hydrocarbons will be a vital part of the global energy mix for decades to come, but that the transitio...
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Can Asia keep the global financial bubble inflated?

  • The final proof, for anybody still requiring it, that financial markets are totally divorced from the everyday world most people inhabit has come in the past week. Call it the Insurrection Boom. As rioters stormed the Capitol in Washington DC last week, the S&P 500 Index down the road in N...
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Shock, awe: Global oil markets in tumultuous year

  • You have to go all the way back to the 1970s and the era of the “oil shocks” to find a time as tumultuous for global energy markets as 2020 has been. The big economic events since then — such as the Asian financial panic of 1998 or the 2008 global financial crisis — certainly had an effect on...
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Regardless of who is in the White House, oil markets want stability

  • What should the oil markets expect from a Joe Biden presidency? The question is simultaneously more complex, and far simpler, than it might appear on the surface. According to the campaign rhetoric, most of it admittedly from the losing camp, Biden was the anti-oil candidate. He would ban fra...
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Writing blank checks is not what stock markets are for

  • A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, U.S., March 13, 2020. (Reuters) I have this great idea that will make a lot of money. I cannot tell you what it is yet, nor can I tell you when you will earn those life-chan...
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China unlikely to come to world’s rescue this time

  • For all the self-congratulation of Western central bankers and economic policymakers when the world pulled out of the recession caused by the global financial crisis, it was China that really made the difference back then. The multibillion-dollar stimulus package put in place by Beijing not o...
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Billion-dollar bubble? SoftBank ‘whale’ unnerves global markets

  • Is SoftBank, the Japanese financial institution headed by Masayoshi Son, fueling a stock market bubble with its new strategy of speculating heavily in derivatives markets in technology shares? There has been a lot of debate recently over the role that Son and his traders are playing in global...
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‘Woke’ investment falls short in pandemic volatility

  • It has been accepted wisdom for some time that companies that adhere to the ESG rules — standards associated with environmental regulation, social responsibility and corporate governance — deserve a premium over other, more conventional corporations. Lots of consultant hours have been clocked...
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Forget ‘V’ or ‘W’ shaped recovery — now ‘K’ looks the market model

  • Since the onset of the coronavirus pandemic, economists and market analysts have been debating the shape of the recovery from the savage recession brought on by economic lockdowns and travel restrictions. Will it be V-shaped — a sharp bounce back from a rapid descent? Or will it be W-shaped —...
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PIF trades its way to profits on stock market resilience

  • DUBAI: Saudi Arabia’s Public Investment Fund (PIF) had another busy time from April to July. It was rather less dramatic than in the first three months of 2020, but significant nonetheless. In the first quarter of 2020, it weighed into global equity markets with nearly $8 billion of investmen...
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