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OIL & GAS STOCKS TO WATCH
EU to Boost Tariffs on U.S. Goods in Metals-Trade Dispute
The European Union plans to impose tariffs on lighters and plastic fittings from the U.S. in retaliation over controversial American duties on imported steel and aluminum, according to EU officials.
Farmers in Australia Use Billboards to Calm Down Panicked Shoppers
Australia’s farmers are turning to billboards to try and calm residents as grocery stores continue to see waves of panic buying by shoppers worried about food supplies.
Aramco’s Bondholders Get Dragged Down by Saudi Oil-Price War
The oil-price war isn’t doing any favors for Saudi Aramco’s bondholders one year on from the state-owned company’s debut on international capital markets.
Berkshire Hathaway to Join Global Debt Bonanza
Warren Buffett’s conglomerate Berkshire Hathaway Inc. is joining a record bonanza of corporate debt sales, as companies around the world pay up to stockpile cash.
Some Asian Markets Surge to Bull Territory on Easing Death Toll
Philippine and South Korean stocks entered technical bull markets, rising over 20% from lows reached just weeks ago, as investor sentiment was buoyed by a slowing death toll in some of the world’s coronavirus hotspots.
Money Manager Adopts Climate Measures After Investing Chief Backed Skeptics
Harris Associates Deputy Chairman David Herro questioned global warming. Now, his firm has agreed to changes aimed at making its investments more climate friendly.
Emerging Currencies Under Threat From Covid-19 Face Further Declines
Emerging-market currencies beaten down by Covid-19 fallout may face a fresh round of selling with this week’s release of data expected to show a big drawdown in foreign-exchange reserves.
U.K. Unemployment, Global Disinflation, Japan Stimulus: Eco Day
Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:
Dubai’s Emaar Slashes Salaries Up to 50% as Chairman Forgoes Pay
Dubai’s largest publicly-traded developer Emaar Properties PJSC cut staff salaries across all of its businesses as the coronavirus pandemic halts projects and weighs on the emirate’s property market.
Canned Food Sprees Won’t Save Aluminum
The industry is still working its way through the stockpile accumulated during the last crisis.