Trade war seen escalating as U.S. senate moves to delist 800 Chinese firms from American bourses

In a major move, the US Senate has overwhelmingly approved legislation that could lead over 800 Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. to be barred from listing on American stock exchanges amid increasingly tense relations between the world’s two largest economies. The bill called the Holding Foreign Companies Accountable Act, […]

Read more

Commodities outlook appears positive for 2020 but challenges persist

periodic-table-of-commodity-returns.jpg

The year 2019 has been a rollercoaster ride for commodities market, however, we are ending on a promising note. Reuters/CRB commodities index has gained 10 per cent this year, the highest since 2010. Palladium tops the list of gainers and has risen more than 55 percent. Some of the other best performing commodities which have […]

Read more

IEA warns of a looming oil glut

If global oil demand growth continues to languish with uncertainties around the global economy and Brexit, the oil market will likely have to cope with another oversupply next year, according to the International Energy Agency (IEA).  “Unless other things change, we will see a surplus probably, unless there is very strong demand growth recovery,” Keisuke […]

Read more

China may have created a huge opportunity for the oil & gas industry

China will remove the joint venture requirement for foreign companies wanting to enter its oil and gas industry as it moves to open up a range of industries as per a pledge it made during its continuing trade dispute with the United States. Bloomberg reports the Chinese National Development and Reform Commission had announced it would remove the joint […]

Read more

Trade tensions and higher stocks add uncertainty to global cotton market

cotton.jpg

The world cotton market faces continued uncertainty due to the escalating US-China trade war, with prices under additional pressure due to a projected increase in global stocks, the International Cotton Advisory Committee (ICAC) said in its latest monthly report. It said there is some hope that American and Chinese representatives might be able to de-escalate […]

Read more