JPMorgan analysts have been following Panigirtzoglou’s lead, and tapping two stocks they see primed to make strong gains in the weeks ahead. “But the bigger, overriding picture is still that the world is in a stock-drawing mode.”.

Other businesses include a credit scoring unit and an insurance marketplace.Ant has faced censure in Chinese state media after Ma last month criticized local and global regulators for stifling innovation and not paying sufficient heed to development and opportunities for the young. Chinese electric car maker NIO hit all-time intraday highs on Monday after doubling its deliveries in October to a new monthly record. At the same time, China raised the quota for use of overseas oil by non-state entities next year by more than 20%, presenting a bright spot for an otherwise precarious demand picture. If you don't see it please check your junk folder. The next issue of Top Stories Newsletter will soon be in your inbox. Ant maintained early gains in the so-called gray market in Hong Kong, where shares were said to be trading at a 50% premium to the HK$80 listing price on Monday. The measures have included capital and licensing requirements, a cap on loan rates and limits on Ant’s use of asset-backed securities to fund quick consumer loans. The bigger picture is still a world in “stock-drawing mode,” Mike Muller, Vitol’s head of Asia, said in an interview Sunday with Dubai-based consultants Gulf Intelligence. The diaspora of tech talent is apparent in towns around the Rockies, where wealth and business activity are rising, along with property prices and wage competition. See here for a complete list of exchanges and delays. This advertisement has not loaded yet, but your article continues below. Solid oxides are alternatives to traditional batteries and petroleum derivatives, and are used to provide electrical power.

We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. On a positive note, ADS has been able to cut back on operating expenses by 33%, saving money to preserve liquidity. On Monday, the banking regulator released draft rules that would force Ant and other operators of online lending platforms to fund a greater share of the loans they offer together with banks.Good InnovationThe Hangzhou-based company, a 2010 offshoot of e-commerce giant Alibaba Group Holding Ltd., dominates China’s payments market via the Alipay app. The content is intended to be used for informational purposes only. Erfahren Sie mehr über die Kontakte von Mike Müller und über Jobs bei ähnlichen Unternehmen. (Updates with oil consumption in penultimate paragraph. Benzinga does not provide investment advice. 5 Stocks to Buy No Matter Who Wins the Election.

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Visit our Community Guidelines for more information and details on how to adjust your email settings. “We are not going to see a violent reaction in price on Monday.” Oil Holds Gains on Signs OPEC+ Will Delay Easing Output Cuts, Lack of passenger flights squeezes air freight capacity in peak season, Big Tech Draws Record Revenue, Harsh Criticism With Election Ads, Twitter flags Trump tweet questioning Supreme Court decision on voting in Pennsylvania, U.S. Futures, Asian Stocks Rise Ahead of Election: Markets Wrap. Mike Muller, who joined Vitol in 2018, will succeed him, and assume responsibility for Vitol’s business in …

Vitol has announced the appointment of Mike Muller as Head of Vitol Asia, who will be replacing Kho Hui Meng, President & CEO of Vitol Asia, due to retire on 30 th September after 33 years with the company. The group was meant to ease those curbs by 2 million barrels a day in January, but it may be forced into a delay given oil’s renewed weakness. The Supreme Court's action means the lawsuit can move forward. Here's What Earnings, Charts Show, Retirement expert explains ‘what everybody should be doing at a minimum’, The $110 Trillion Trend That Bezos, Buffet And Musk Are Betting On, PayPal's earnings don't excite Wall Street, but bring good news for consumer fintech, The truth about Trump's tax cuts by the numbers, not by Biden: Andy Puzder, Is Nio Stock A Buy Right Now As Chinese EVs Boom? Here's what that means for asset allocation. Last year, daily oil consumption in Europe totaled 14.9 million barrels, according to data from BP Plc. While energy demand in Europe is being hit, global oil inventories fell at a rate of around 2 million barrels a day in September and October and that trend will probably continue, according to Muller. “We are not going to see a violent reaction in price on Monday.”. But the stock does have some perks. “We shouldn’t use the way to manage a train station to regulate an airport, neither should we regulate the future with the method from yesterday.”Guo Wuping, head of consumer protection at the China Banking and Insurance Regulatory Commission, wrote in commentary on Monday that Ant’s Huabei consumer lending service was similar to a credit card but with higher charges.

Subscribe now to stay ahead with the most trusted business news source. Fintech companies use their market power to set exorbitant fees in partnerships with banks, which provide most of the funds required, he said.Ant, which has more than 700 million monthly Alipay users, has made partnering with traditional banks a centerpiece of its strategy. Mining and trading giant Glencore has seen a raft of departures over the last year, including its head of oil Alex Beard. “We are seeing demand destruction unexpectedly from these lockdown measures — hundreds of thousands of barrels-per-day-equivalent for Europe alone,” he said. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresse IP, Navigation et recherche lors de l’utilisation des sites Web et applications Verizon Media.

365 Bloor Street East, Toronto, Ontario, M4W 3L4. Benchmark Brent crude fell 10% in the five days through Friday to $37.46 a barrel, its lowest since May, as daily Covid-19 cases hit a record in the U.S. and nations including France and Germany announced new lockdowns. Read more: Europe’s Virus Woes Multiply With Leaders Drifting to Lockdowns. Benchmark Brent crude fell 10% in the five days through Friday to $37.46 a barrel, its lowest since May, as daily Covid-19 cases hit a record in the U.S. and nations including France and Germany announced new lockdowns. Earlier this year, Robert Abbott became the new group Treasurer after Robert Dean retired and Houston Managing Director Ben Marshall joined Vitol’s board of directors. Buy) rating, the analyst gives ADS a $90 price target. See the complete profile on LinkedIn and discover Mike… Sehen Sie sich das Profil von Mike Müller auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Muller expanded trading aggressively at Shell, handling as much as 8 million bpd of crude. The stock is selling for $13.12 and its $22 average price target matches Coster’s. The Skyworks earnings news pushed SWKS stock lower in extended trading. Big change, borne of unrest and acrimony, is coming to the U.S. in the next 5-10 years, the outspoken billionaire investor thinks. (Updates with oil consumption in penultimate paragraph. JPMorgan Says These 2 Stocks Could Surge Over 60%, The next bear market will be the worst in at least 78 years, warns co-founder of Soros’s legendary Quantum Fund, A Pfizer Analyst's 3 Possible Coronavirus Vaccine Readout Scenarios.

The IRS audited seven, NIO stock touches all-time highs after doubling EV deliveries to a new monthly record, Tech Workers Take to the Mountains, Bringing Silicon Valley With Them, 10 rules that made Warren Buffett a billionaire, Jack Ma Gets a Warning From China on Ant’s Rapid Expansion, What Pullback? © 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved.

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. See here for a complete list of exchanges and delays. It has been an honour and a pleasure to work with them over the last three decades,” said Kho Hui Meng.

“But the bigger, overriding picture is still that the world is in a stock-drawing mode.”. “This is a speed bump,” Mike Muller, the head of Asia for Vitol Group, said in an interview Sunday with Dubai-based consultant Gulf Intelligence. Here is what the fundamentals and technical analysis say about buying Nio shares now. The group was meant to ease those curbs by 2 million barrels a day in January, but it may be forced into a delay given oil’s renewed weakness. Dow Jones Jumps 400 Points As Biden Lead Narrows; Software Stocks Lag, Amazon Hit Again, AT&T Stock: Is It A Buy Right Now? U.S. Supreme Court rejects NFL, DirecTV appeal in TV package suit, Chipmaker Skyworks Crushes Fiscal Q4 Targets, Raises Outlook, Column: 23,000 households reported income over $10 million last year. and once one of Vitol's biggest rivals, a source familiar with the matter said. The retail recession of the first half of this year – brought on by the impact of the coronavirus pandemic on the economy – hit Alliance hard, as the company’s focus on brick-and-mortar retail clients left it exposed to the shutdowns. In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. (Reporting By Julia Payne, Editing by Sherry Jacob-Phillips). Sehen Sie sich das Profil von Mike Müller auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. He had been at Shell for 29 years.

Since then, Q2 and Q3 have seen strong gains, to $1.76 and $3.36 respectively. Alliance uses the capture data on retail transactions to better tailor the reward programs, creating more effective marketing communications and enhancing customer loyalty. The miss pushed the stock down 13% in the last days of October.That dip in the stock, however, gives investors an opportunity to enter a fundamentally sound alt energy producer, according to JPMorgan analyst Paul Coster. The net loss is ameliorating over time, with the 15-cent EPS loss reported in Q3 being the lowest in the past two years.