Markets & Industries
Tanker vessels worth $ 1 bln will be sent for scrap in 2018 - 07/09/2018
This year, ship owners are going to ship $ 1 billion worth of tankers for scrap. First of all, we are talking about VLCC, large-capacity tankers of the 3rd class with a capacity from 160 to 320 thousand tons. The tankers are dismantled for scrap metal at shipyards. Most of them are located in India, Pakistan and Bangladesh. The Hindustan peninsula accounts for almost 80% of this relatively new...
Thomson Reuters: IPO market skyrocketed in 2018 - 07/06/2018
Thomson Reuters assessed dynamics in the capital markets in the first half of this year. The world market of primary placements increased by 22% against the previous year and amounted to $ 98.6 billion, which is the maximum since 2015. According to Thomson Reuters, in the first half of the year the total volume of initial public offerings around the world totaled $ 98.6 billion. This is 22% more...
Arab oil companies cut borrowing thanks to oil rally - 07/04/2018
The energy companies of the Arab states of the Persian Gulf have become less active in entering the debt markets in 2018, as the surge in oil prices limited the need for financing current operations and planned projects. This is reported by Bloomberg. Producers of oil and gas, operators of pipelines and refineries in the United Arab Emirates, Kuwait, Oman, Saudi Arabia, Quatar, Bahrain borrowed...
Is it worth investing in Latin American fintech? - 06/29/2018
Fintech projects from Latin America are breaking records in terms of attracting investments. For instance, Brazilian payment service PagSeguro held the second largest IPO on the New York Stock Exchange in 2018, collecting $ 2.3 billion. The financial technology sector is growing all over the world, but Latin America will become the most powerful driver for its development in the coming years. New...
Brands of the USA are giving way to local competitors in China - 06/27/2018
While Beijing and Washington are moving towards a full-scale trade war, US brands in China are facing an even greater threat. It is local government-supported competitors with innovative products, reports Reuters. Domination of well-known American brands, such as Apple, Starbucks and Pampers from Procter & Gamble, is being challenged. This could jeopardize hundreds of billions of dollars that...
McKinsey Global Institute: Risks in bond markets are growing - 06/26/2018
In 2007-2017, the world market of corporate borrowings grew almost threefold, to $ 11.7 trillion. The share of bonds in its structure was 19%, analysts of the McKinsey Global Institute (MGI) state. The intensive growth of bonded debt was observed in all regions, but almost two-thirds of it was provided by developing countries. The main reason for the market growth was the post-crisis...
IEA expects an increase in demand for LNG at 1.6% per year - 06/26/2018
According to forecasts of the International Energy Agency (IEA), the annual growth of world gas demand in the next five years will reach 1.6%, up to 4.1 trillion cubic meters in 2023. The leader of consumption will be China, and the United States will strengthen its position in terms of production and exports. The IEA experts keep clinging to their expectations for the gas market a year earlier,...
BIS: Banks repeat the mistake of Lehman Brothers - 06/25/2018
Banks can mask their borrowing in a manner similar to that used by Lehman Brothers Holdings Inc., with debt ratios within the limits set by regulators only four times a year, Bloomberg states. Lenders use repurchase agreements to manipulate their assets as the reporting date approaches, usually at the end of the quarter, according to the annual Economic Report of the Bank for International...
Hong Kong competes for IPO with US exchanges - 06/21/2018
The Hong Kong Stock Exchange has become a place that attracts some of the world's largest companies for an initial public offering of shares, CNBC reports. While US markets are waiting for IPOs of Uber and Airbnb, three Chinese companies that are among the world's 20 largest Internet companies are expected to hold an IPO of more than $ 5 billion this year in Hong Kong. Among these companies are...
OPEC+ participants cannot reach an agreement - 06/21/2018
A few days before the meeting in Vienna, where the future of the OPEC + deal will be discussed, the main players of the oil market cannot find a consensus. Iran threatened to withdraw from the talks and publicly accused Saudi Arabia of supporting the US actions to isolate Tehran. Russia and Saudi Arabia offered to increase production by 1.5 million barrels per day, but this consensus is now also...