Iron Ore May Ease as Restarts Add Supply, Demand Drops, UBS Says
Iron Ore May Ease as Restarts Add Supply, Demand Drops, UBS Says
Iron ore’s revival in 2016 has prompted mine restarts in Brazil, West Africa, Australia and China, adding to global supplies and potentially contributing to a weakening of prices into next year, according to UBS Group AG.
Bloomberg
Bloomberg
GAIL seeks to defer Gazprom LNG contract
GAIL seeks to defer Gazprom LNG contract
GAIL insists on supplies from Gazprom’s Shtokman and said it will consider lifting LNG from other sources at a renegotiated price
Livemint
Livemint
Singapore Banks Facing Earnings Stumble as Bad Loans, Sibor Bite
Singapore Banks Facing Earnings Stumble as Bad Loans, Sibor Bite
Earnings reports due soon from Singapore’s largest banks may show their second-quarter profits were crimped by higher buffers for soured loans and a faltering rally in domestic interest rates.
Bloomberg
Bloomberg