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Finance

Finance
2019, February, 1, 10:30:00
BHGE NET INCOME $131 MLN
BHGE - “2018 marked BHGE’s first full year as a combined company and it was a year of significant change and progress for us. We moved beyond the initial integration phase into the next chapter for BHGE. In November, our majority shareholder, GE, reduced their ownership from approximately 62.5% to approximately 50.4%, and we reached critical commercial agreements with GE that position our company for the future. The market environment changed significantly as we progressed through the year. ” said Lorenzo Simonelli, BHGE Chairman, President and Chief Executive Officer.
Finance
2019, January, 30, 11:05:00
U.S. GDP UP 3.2%
U.S. DT - Over the first three quarters of 2018, the U.S. economy grew at an annualized rate of 3.2 percent, the fastest pace for the first three quarters of a year since 2005. Initial data for the fourth quarter indicate the economy continued to perform well, although slowing global growth and the housing sector could present headwinds. Private forecasters in the Blue Chip Economic Indicators monthly survey now estimate that real GDP growth slowed to 2.7 percent in the fourth quarter, and will slow further to 2.2 percent in the first quarter of 2019.
Finance
2019, January, 30, 11:00:00
KUWAIT'S GDP GROWTH 2.5-2.9%
IMF - Kuwait's growth is expected to strengthen. The mission has assumed an average oil price of US$57 per barrel in 2019–20, increasing to US$60 per barrel over the medium term. As capital project implementation accelerates, non-oil growth is projected to increase to about 3.5 percent in 2020. The recent OPEC decision to cut production is expected to hold oil output to 2 percent growth in 2019, which could rebound to 2.5 percent in 2020 given the spare capacity. Inflation is expected to rise in 2019–20 to about 2.5 percent as the deflationary factors in 2018 unwind.
Finance
2019, January, 28, 10:25:00
OIL UNDER SIEGE
REUTERS - “There is no doubt - and there is a consensus coming here in various meetings in Davos - that our industry is literally under siege and the future of oil is at stake,” said Mohammed Barkindo, secretary-general of oil producer group OPEC.
Finance
2019, January, 28, 10:20:00
CHINA FOR VENEZUELA: $50 BLN
REUTERS - China has lent over $50 billion to Venezuela through oil-for-loan agreements over the past decade, securing energy supplies for its fast-growing economy.
Finance
2019, January, 28, 10:00:00
LATIN AMERICA WILL UP 2-2.5%
IMF - Economic activity in Latin America continues to rise, but at a slower rate than previously anticipated. Overall, the region is expected to advance by 2 percent in 2019 and 2.5 percent in 2020—still well below peer countries in other regions.
Finance
2019, January, 25, 08:40:00
CHINA'S COAL, RENEWABLE INVESTMENT
POWERMAG - China continues to finance new coal plants in more than two dozen countries, even as the country has taken the lead in global renewable energy investment, according to a report from a U.S. group of energy analysts.
Finance
2019, January, 25, 08:15:00
SANTOS ANNUAL REVENUE UP 19%
SANTOS - Record quarterly sales revenue of $1,043 million, up 7% and including record quarterly LNG sales revenue of $449 million, up 11%. Record annual sales revenue of $3,696 million, up 19%
The World Economy Year Ahead 2019
2019, January, 23, 11:35:00
The World Economy Year Ahead 2019
The global expansion has weakened. Global growth for 2018 is estimated at 3.7 percent, as in the October 2018 World Economic Outlook (WEO) forecast, despite weaker performance in some economies, notably Europe and Asia. The global economy is projected to grow at 3.5 percent in 2019 and 3.6 percent in 2020, 0.2 and 0.1 percentage point below last October’s projections.
Finance
2019, January, 23, 11:30:00
GLOBAL ECONOMY GROWTH 2019: 3.5%
IMF - The global expansion has weakened. Global growth for 2018 is estimated at 3.7 percent, as in the October 2018 World Economic Outlook (WEO) forecast, despite weaker performance in some economies, notably Europe and Asia. The global economy is projected to grow at 3.5 percent in 2019 and 3.6 percent in 2020, 0.2 and 0.1 percentage point below last October’s projections.
Finance
2019, January, 23, 11:05:00
SAUDI'S INVESTMENT FOR U.S.
REUTERS - Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player, the company’s CEO said on Tuesday.
Finance
2019, January, 23, 10:45:00
RUSSIA DUMPED $
GT - Russia’s central bank dumped $101bn last year in its biggest-ever shift away from the US currency amid fears of new sanctions. But the Kremlin’s drive to wean the rest of the economy off the greenback has been slower going.
Finance
2019, January, 23, 10:40:00
SAUDI ARABIA, UAE CRYPTOCURRENCY
AN - Saudi Arabia and the UAE have launched a joint cryptocurrency during the first meeting of the Saudi-Emirati Coordination council Saturday in Abu Dhabi, UAE’s national press agency WAM said.
Finance
2019, January, 21, 11:40:00
CHINA'S GDP GROWTH 6.6%
PLATTS - China's National Bureau of Statistics on Monday said the country's gross domestic product grew 6.6% year on year in 2018, the slowest pace of growth seen since 1990.
Finance
2019, January, 21, 11:35:00
FLAT US E&P CAPEX
PLATTS - US onshore E&P capital investments in 2019 are likely to be flat to slightly down from last year, with international activity outside North America picking up slowly over the next several months, Schlumberger's top executive said.