The Traderszone Network

The Consumer Electronics Show (CES) – the world’s largest consumer technology trade show – launched its inaugural Asian event in Shanghai on Monday.

Nigeria’s leading cellphone provider warns it needs diesel to prevent shutting down services countrywide.

The Popular Party could be hard-pressed to form functional governments in many former strongholds, including the city of Madrid, without support from smaller parties.
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Asian shares edged higher on Monday but gains were capped by concerns that market volatility may intensify as the U.S. central bank prepares to raise interest rates for the first time in six years. U.S. Federal Reserve Chair Janet Yellen indicated on Friday that it was poised to raise rates this year if the economy keeps improving as expected, though a raft of recent data has suggested it is growing only modestly in the second quarer. Market activity was thin, with the UK, U.S. and many European markets shut for holidays on Monday.

Crude oil futures held steady amid low trading volumes on Monday, although healthy Asian appetite and demand from the U.S. driving season could provide some upside. U.S. crude prices were up 4 cents at $59.76 a barrel. Japan’s customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day (17.28 million kilolitres) in April from the same month a year earlier, the Ministry of Finance said on Monday.

China’s state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate. The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP). An NDRC statement on its website did not say whether private investors will include foreign firms.

Chinese stocks rally for a fifth straight day, leading Asian markets mostly higher, while a stronger dollar also provides a tonic for regional exporters, helping Japanese shares gain ground.
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