Market Pulse - Commodities
Credit Suisses start Gazprom at 'neutral', says new payout policy priced-in
Analysts at Credit Suisse started coverage of London-listed Russian natural gas giant Gazprom a 'neutral' with a $9. 0 target price on its American Depositary Receipts, forecasting that the group's payout policy would rise to 5. 0% of profits by 2021, versus 30. 0% in 2019.
Brussels warns UK against diverging from EU rules
Officials from the European Union warned businesses to “prepare for the worst” after UK Chancellor Sajid Javid's announced that the UK would diverge from EU rules after Brexit.
Morgan Stanley says key questions left unanswered by Tullow Oil
Analysts at Morgan Stanley reiterated their 'equalweight' recommendation for shares of Tullow Oil, telling clients that its most recent guidance left key questions unanswered.
Chinese economic activity picks up at the end of 2019, but headwinds remain
Economic activity in China at the end of 2019 execeded forecasts, but some economists said that it was too soon to sound the 'all clear'.
Genel Energy celebrates 'successful year'
Exploration and production outfit Genel Energy boasted of a "successful year" on Thursday ahead of its full-year financial results in March.
No one at Seawave knew of loan from QIA to Lekoil, lawyers say
The plot around the fraudulent loan that sank shares of Nigerian oil company Lekoil thickened overnight after lawyers for the firm that allegedly brokered the transaction denied that it had played any role.
Jeff Bezos to invest $1bn in Indian companies
Jeff Bezos, the billionaire founder of Amazon, has unveiled a $1. 0bn investment to help small Indian businesses digitalise.
Johnson says he would back 'Trump deal' to replace 2015 Iran nuclear accord
Britain's Prime Minister said that he would support a deal negotiated by Trump to replace the 2015 nuclear accord.
BlackRock pledges to put climate first as it flags 'fundamental reshaping' of finance
BlackRock, the world’s biggest asset manager, has pledged to put the climate at the heart of its investment strategy, including shunning some coal miners.
Britain, France and UK trigger Iran deal's dispute resolution mechanism
Britain, France and Germany triggered the so-called dispute mechanism contained in the 2015 nuclear deal with Iran.
UK should invest £50bn in green projects to avoid recession - New Economics Foundation
The UK government should combat the next recession by investing as much as £50bn into green projects which would reboot the economy and help combat the climate crisis.
US House of Representatives votes to limit Trump's war powers
The US House of Representatives approved a resolution to limit Donald Trump’s power to decide on taking military action in Iran.
Fed's Clarida sounds upbeat note on economic outlook
The US central bank's second-highest ranking official sounded an upbeat note on the outlook for the US economy on Thursday while signaling that the stance of monetary policy remained "appropriate".
Liberty Steel set to cut over 350 jobs in Yorkshire and Wales
Liberty Steel said that around 350 jobs would be cut in Yorkshire and Wales this year due to “challenging” conditions in the market.
Wood Group share price drop 'overdone', says Morgan Stanley
Analysts at Morgan Stanley labeled the sharp drop in shares of John Wood Group in the wake of the Competition and Markets Authority's launch of an inquiry into the sale of its nuclear assets "overdone".
Berenberg raises target on Breedon following CEMEX acquistion
Analysts at Berenberg upped their target price on British construction firm Breedon on Thursday following the group's conditional agreement to acquire part of CEMEX UK's assets.
Thursday preview: China CPI, Fed speak in focus
The market spotlight is set to shift eastwards on Thursday, with a report on Chinese consumer prices in December due out overnight.
Barclays shareholders urge lender to stop financing fossil fuels
Barclays is being urged by a group of 11 institutional investors and over 100 individual shareholders to stop offering loans and financing to fossil fuel companies as part of the first ever shareholder climate resolution.
RBC slashes target price for Genel Energy on Mideast tensions
RBC Capital slashed its target price shares of Kurdistan-focused Genel Energy on the back of the heightened geopolitical tensions in the Middle East.
Trump to impose more sanctions on Iran in response to missile strikes
Trump said on Wednesday that the US will impose additional economic sanctions on Iran in response to attacks overnight on two US military bases in Iraq.