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Markets in Europe were sharply higher. The Nikkei rose 3.4% to 10,581. The Hang Seng rose 1.5% to 20,500. Sinopec (SNP) and PetroChina (PTR) both jumped. The Shanghai Composite was up 1.2% to...
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China is scouring the world for oil as its expanding economy needs more crude to fuel its transportation and infrastructure needs. The world’s most populous nation is close to a deal to loan Brazil...
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Markets in Asia were higher. The Nikkei rose .9% to 9,786. The Hang Seng was up 1.3% to 17,878. Sinopec (SNP) and China Petroleum (PTR) rose on a the anticipation oil with rise with the US recovery....
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Reuters: The US faces a long period of economic stagnation. Reuters: Obama will release plans for a financial market overhaul. Reuters: The White House will not help California fix its...
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Reuters: The heads of the emerging markets, the so-called BRICs, held their first global summit. Reuters: Obama will be tested this week on financial reforms. Reuters: Rich nations are...
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These are the top pre-market analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning: Ascent Solar (ASTI) Cut to Neutral at Merriman Curhan Ford....
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The Kuwaiti state oil company, Kuwait Petroleum Corporation, and China Petroleum and Chemical Company, known as Sinopec, (NYSE: SNP) are well along on plans to build a new 300,000 barrel per day...
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The $10 billion loan from the China Development Bank to Brazil’s Petroleo Brasiliero SA, known as Petrobras (NYSE: PBR), has been finalized. This deal has been in our pending file since late...
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The Chinese government has become more aggressive about buying foreign assets. Chinese leaders recently said they would begin to make investments in Europe through their sovereign wealth fund. The...
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Chinese oil producer CNOOC Ltd. (NYSE:CEO) reported annual profits for 2008 of $6.5 billion, up 42% from 2007. EPS was about $0.15. Production was up 14%, to 195.4 million barrels of oil...
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Chinese oil giant China Petroleum & Chemical Corp., usually called Sinopec, (NYSE:SNP) reported that annual earnings were off 47% for 2008, compared with 2007. The report includes only annual...
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According to Reuters, the Administration has forced GM (GM) CEO Rick Wagoner out of his job. Reuters reports that in an FT interview Obama said the G-20 nations should send a strong message of unity....
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These are some of the top analyst upgrades and positive research calls we are seeing this Thursday morning with about two hours until the market opens: Abiomed (ABMD) Raised to Hold at Jefferies....
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The China Development Bank appears to be following the maxim of uber-capitalist Warren Buffet: Be fearful when others are greedy, and be greedy when others are fearful. This week the Chinese...
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In late 2005, China began to fill its strategic petroleum reserve of 102 million barrels. It has added to the reserve on and off ever since, sometimes buying the oil on the open market and other...
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